 5387, the breakdown of the board of directors of VakifBank is determined according to its articles of association, except that one member of the board (who is also the general manager of VakifBank) is appointed by the prime minister to represent the GDF.Pursuant to VakifBank’s articles of association, the Class A shareholders, Class B shareholders and Class C shareholders are entitled, respectively, to five, one and three representatives in the board of directors.Class D shareholders do not have direct board representation.