Turkish-Arab Economic Forum Presentation by TAV Airports Holding A unique PPP example in Infrastructure Projects Burcu Geriş CFO TAV Airports Holding

«A unique PPP example in Infrastructure Projects» April 2013, Burcu GERİŞ, CFO

TAV Group is specialised in only airports. TAV can offer a wide range of solutions, from planning to construction, from full fledge management to financing of airports under one umbrella. This alone, globally positions TAV as a unique airport partner.

4 France Paris-CDG: 62mn pax Paris-Orly: 27mn pax Owner and operator Schiphol Group (8%) 51mn pax Industrial cooperation Liège (25.6%) 0.6mn tons of freight Strategic partner Jeddah (Hajj Terminal) – Saudi Arabia 7mn pax Management contract Amman – Jordan (9.5%) 6mn pax Management contract Strategic partner Cambodian Airports Phnom Penh & Siam Reap: 4mn pax Assistance in management Conakry Airport (29%) 0.3mn pax Operator Algier Airport 5mn pax Operator Mauritius (10%) 3mn pax Operator Strategic partner Tunisia (67%) Enfidha & Monastir 3.3mn pax Concession operator Turkey Istanbul Ataturk: 45mn pax Ankara: 9mn pax Izmir: 9mn pax Gazipasa Concession operator Georgia (76%) Tbilisi & Batumi: 1.4mn pax Concession operator Macedonia (100%) Skopje & Ohrid: 0.9mn pax Concession operator Medinah (Saudi Arabia) (33%) Concession operator 13 Regional airports Mexico North Central (25.5%)¹ 13mn pax Operator & Strategic partner TAV Airports AdP TAV Airports : 12 airports in 6 countries under management representing 72m pax TAV Airports + AdP: A global platform of 37 airports under management representing 200m Pax

5 Airport Companies Atatürk (100%) Esenboğa (100%) Adnan Menderes (100%) Gazipaşa (100%) Tbilisi & Batumi (76%) Monastir & Enfidha (67%) Skopje & Ohrid (100%) Latvia (100%) Medinah (33%) Service Companies ATÜ (50%) BTA (67%) Havaş (100%) O&M (100%) IT (99%) Security (100%) Synergy between TAV Airports and TAV Construction is another key success factor in PPP projects.

TAV Construction Projects (end of 2013) New Doha International Airport Terminal Complex and A, B & C Concourses QATAR Skopje Alexander the Great Airport Ohrid St. Paul the Apostle Airport MACEDONIA Cairo International Airport Terminal Building 3 EGYPT New Tripoli Int. Airport New Sebha Int. Airport LIBYA Tbilisi International Airport Batumi International Airport GEORGIA Istanbul Ataturk International Airport Construction, Extension and Renovation Works Ankara Esenboğa International Airport İzmir Adnan Menderes International Airport Alanya Gazipasa Int. Airport Istanbul Ataturk Int. Airport Ext. and Tri-Generation Plant TURKEY Aircraft Maintenance Hangar Project Medinah PMI Airport Project SAUDI ARABIA Emirates A380 Hangars Roof Tohid Iranian School Al Sharaf Shopping Mall Majestic Tower in Sharjah Sulafa Tower Project Emirates Financial Tower Abu Dhabi Int. Airport Pile Caps UAE Development of Muscat International Airport Infrastructure Works OMAN Izmir Adnan Menderes Domestic Terminal Project TURKEY Abu Dhabi Midfield Terminal Building Project Marina 101 Project UAE New Enfidha International Airport TUNISIA Completed Projects Value USD 6.8 Billion Completed Projects Value USD 6.8 Billion Ongoing Projects Value USD 8.8 Billion Ongoing Projects Value USD 8.8 Billion

Parties in Contracts - Typical EPC vs. BOT scheme

8 Ohrid St.Paul The Apostatle International Airport, Macedonia Skopje Alexander The Great International Airport, Macedonia Alanya Gazipasa Airport, Turkey Istanbul Ataturk Airport, Extension and Trigeneration, Turkey Enfidha Hammamet International Airport Istanbul Ataturk Airport Domestic Terminal Renovation, Turkey Batumi International Airport, Georgia Tbilisi International Airport, Georgia Izmir Adnan Menderes International Airport Extension, Turkey Izmir Adnan Menderes International Airport, Turkey Ankara Esenboga International Airport, Turkey Istanbul Ataturk Airport International Terminal and Extension, Turkey 12 BOT Projects delivered under TAV Airports & TAV Construction harmony

Enfidha Hammamet International Airport Medinah Prince Bin Abdullaziz International Airport SAMPLE PPP CASES

Enfidha Hammamet International Airport

December 2007 Enfidha Hammamet International Airport

February 2008 Enfidha Hammamet International Airport

April 2008 Enfidha Hammamet International Airport

June 2008 Enfidha Hammamet International Airport

August 2008 Enfidha Hammamet International Airport

October 2008 Enfidha Hammamet International Airport

December 2008 Enfidha Hammamet International Airport

February 2009 Enfidha Hammamet International Airport

April 2009 Enfidha Hammamet International Airport

June 2009 Enfidha Hammamet International Airport

August 2009 Enfidha Hammamet International Airport

22 October 2009 Enfidha Hammamet International Airport

Duration of the Construction: 24 MonthsOperation Period : 40 yearsTerminal Building Area: 90,000 m²Total Construction Area: 800,000 m²Apron Area : 129,000 m²Passenger Boarding Bridges: 18 unitsTotal Passenger Capacity: 7mTotal Project Cost: USD 715mTotal Financing Raised: USD 513m Enfidha Airport, is financed under a 20 years Project Finance regime. The group of lenders are led by IFC, EIB, AfDB, Societe Generale, RBS, StandardBank and Proparco.

24 Medinah Prince Muhammad Bin Abdullaziz International Airport

25

26

Thank you

3.Sera Yapi Endustrisi A. Ş. Focussed on construction in Turkey & MENA region 4.Other Non-floating 5.Free Floating 6.Aeroport de Paris* Internationally acclaimed airport operating company with global operations 1.Tepe Insaat Sanayi A. Ş. Turkish conglomerate focused on infrastructure and construction 2.Akfen Holding A. Ş. Holding company operating in the infrastructure, construction, seaport, REIT and energy sector Shareholder Structure *Through Tank ÖWA alpha GmbH Aéroports de Paris (ADP) is one of the leading European airport groups EUR 2,502m revenue and EUR 972m EBITDA in mm pax in Paris (CDG and ORY) + 40mm Pax under management in 9 countries Over 9,100 professionals 28