Istanbul And London And New York

ISTANBUL and LONDON and NEW YORK, March 23, 2010 - -- CMB Directs Sportif to Disclose Plan for Repayment of Outstanding Loans and to Rectify Proposed Improper Use of Assets in Financing Tender Offer -- QVT Financial LP ("QVT") today commented on the response issued by the Capital Markets Board of Turkey ("CMB") in relation to QVT's petition to halt the coercive tender offer for shares of Galatasaray Sportif Sinai ve Ticari Yatirimlar A.S.