Update in EDSP of USDollar/Ounce and Gold Futures Contracts at Borsa İstanbul VIOP

The exchange delivery settlement prices for USDollar/Ounce and Gold Futures contracts, which are The London Gold Fixing (P.M) prices released by The London Gold Market Fixing Limited, will be replaced due to the announcement of LBMA dated February 19^th, 2015, declaring that ICE Benchmark Administration will release the aforementioned gold prices with the name of LBMA Gold Price starting from March 20^th, 2015.

In this respect, the new regulations stated on the Exchange’s circular numbered 433 and dated July19^th, 2013 is revised.

As a result,

• For Gold Futures contracts, the price in London in the last business day (LBMA Gold Price P.M. released by ICE Benchmark Administration in the afternoon) shall be converted to TRY/gram price by using the US Dollar selling rate announced by the Central Bank of the Republic of Turkey at 15:30  and used as the exchange delivery settlement price.

• For USDollar / Ounce Futures contracts, the price in London in the last business day (LBMA Gold Price P.M. released by ICE Benchmark Administration in the afternoon) shall be used as the exchange delivery settlement price.

For the full text of the up to date version of the Circular, please visit the following link:

http://www.borsaistanbul.com/data/bylaws/Circular_on_VIOP_Market_Operations.pdf