Türk Telekom Selects Paisley Enterprise GRC® for Internal Audit Management

Minneapolis, Minn. — December 10, 2008 — Türk Telekom has chosen Paisley Enterprise GRC^® and technology company Innova IT Solutions to manage its GRC platform IT works. Paisley was selected for its market leading position in integrated, governance, risk, and compliance and its proven track record delivering best-in class internal audit management solutions to large enterprise organizations.

"Paisley Enterprise GRC includes the specific functionality we require to streamline and drive costs out of our internal audit business processes," said Nazif Burca, Head of Internal Audit. "Paisley Enterprise GRC demonstrated superior functionality for audit scheduling, work paper management, risk assessment, planning, preparation, review, report generation, global issue tracking and administration that we were looking for to optimize our internal audit processes, while providing an unbeatable platform for collaboration across our business for our ORM, FCM, compliance, IT governance and FCM teams.

Turk Telekominikasyon A.S. is Europe's 5th and the world's 13th largest fixed telephone operator with more than 30 thousand employees and a branch network of more than 10 thousand. This enormous institution of Turkey is the single example in the world which provides fixed telephone, mobile telephone, data and internet services altogether to its customers. Türk Telekom has been presenting the contemporary communication media to its customers with excitement since 1840.

"Paisley continues to be recognized the global market leader in governance, risk and compliance, including internal audit management," said Marc Adams, vice president and general manager of Paisley EMEA. "We are delighted, together with our partner Innova IT Solutions to welcome Türk Telekom as the latest global organization to take advantage of the market leading governance risk and compliance capabilities offered in Paisley Enterprise GRC."

Paisley Enterprise GRC includes purpose-built components for the full spectrum of governance, risk and compliance requirements. The software includes components for financial controls management, operational risk management (ORM), enterprise risk management (ERM), internal audit management, IT governance and compliance.

About Paisley
Paisley is an industry leading provider of solutions for governance, risk and compliance including comprehensive software, training and expert GRC professional services. The solutions from Paisley empower organizations to streamline GRC processes, reduce costs of compliance, manage and mitigate risks, and provide visibility, oversight and assurance.

The company's portfolio of software includes Paisley Enterprise GRC^® and GRC on Demand^® which support the business processes of financial controls management, internal audit, operational risk management, compliance, IT governance and enterprise risk management. Paisley GRC solutions are utilized by more than 1,400 large enterprise and mid-market organizations including 30% of the Fortune 500.

For more information, call 320.286.5870, email info@paisley.com or visit www.paisley.com.

About Türk Telekom Group
Türk Telekom Group provides integrated telecommunication services from PSTN and GSM to broadband internet. As of September 30, 2008, Türk Telekom group companies have 17.7 million fixed Access lines, 5.5 million ADSL connections and 11.7 million GSM subscribers. Group companies have a modern network infrastructure covering the whole country and offer a wide variety of services to residential and commercial customers all over Turkey. Apart from 81 % shares in Avea, one of the three GSM operators in Turkey, Türk Telekom owns 99.9 % of TTnet, Argela, Innova, Sebit A.S. and AssisTT companies. Türk Telekom also has an indirect minority share in Albtelecom, the Albanian incumbent telecom operator. 55 % of Turk Telekom shares belong to Ojer Telekomünikasyon A.S. and 30 % belongs to Turkish Treasury. The remaining 15 % is publicly traded. Türk Telekom shares are listed in Istanbul Stock Exchange since May 2008.

About Innova IT Solutions
Innova IT Solutions is the leading software solutions company in Turkey with a 250 person professional staff with experience in a variety of technologies. From 1999 to the present Innova has offered platform independent solutions to companies and institutions in every sector, including the communications, finance, manufacturing, public and service sectors. With ISO 9001:2000 certification, Innova has successfully managed to export the solutions it has created to 14 countries to date. Included in Innova's fields of activity are software for the telecommunications sector, ERP, CRM, BI applications, portals, customer specific software, data security solutions, security consultancy and kiosk systems. Innova continues its activities from offices in Istanbul, Ankara, Izmir and Dubai.