RETAIL SECTOR IN TURKEY

INDICATORS OF RETAIL  TOTAL TURNOVER IN 2008: $160 BILLION; 60 BILLION IN ORGANIZED RETAIL  SALES AREAS HAVE REACHED 17,5 MILLION SQUARE METER  2,8 MILLION EMPLOYEES IN TOTAL, EMPLOYEES IN ORGANIZED RETAIL  NUMBER 7 RETAIL SECTOR IN EUROPE,  NUMBER 10 RETAIL SECTOR IN GLOBE  NUMBER 5 IN FOOD SPENDING,  NUMBER 8 IN NON-FOOD SPENDING In EUROPE Sources:TCSCR, Cushman& WakefIeld and DeloItte Reports.

INDICATORS OF RETAIL BREAKDOWN of SHOPPING CENTERS TYPEUNITGLA SMALL (5,000-20,000 SQ.M)1031,139,404 MEDIUM (20,000-40,000 SQ.M)421,194,066 LARGE (40,000-80,000 SQ.M)231,197,463 VERY LARGE (>80,000 SQ.M)6592,559 OUTLET29705,721 THEME/FESTIVAL330,673 TOTAL2064,859,866 Source: Jones Lang LaSalle

Source: 9th Development Plan, Plan for 2009, State PlannIng OrganIzatIon ( e: best estImate for 2008)  EXPECTED 5.6% GROWTH BETWEEN 2005–2050;  FORECAST FOR BY IMF IS -1,5% In 2009, 3,5% In 2010  FOREIGN DIRECT INVESTMENT: 2.2 % OF GNP In 2008  $17,7 BILLION NET TOTAL FOREIGN DIRECT INVESTMENT In 2008 MACROECONOMIC INDICATORS of TURKEY e GDP (BILLION USD) GDP PER CAPITA (USD) GDP PER CAPITA (USD - PPP) ANNUAL GROWTH RATE 8,4 6,9 4,6 4,0

DEMOGRAPHIC INDICATORS of TURKEY  YOUNG AND HIGH POPULATION  71 MILLION POPULATION  YEARS 67%  0-14 YEARS26%  0-25 YEARS44%  AVERAGE AGE:28,5  SECOND LARGEST POPULATION of EUROPE  YOUNGEST POPULATION In EUROPE

DEMOGRAPHIC INDICATORS for RETAIL 60% OF THE SHOPPING CENTER VISITORS ARE BELOW 30 YEARS OF AGE. SHOPPERS INDEX*: SHOPPER INDEX REFLECTS THE FREQUENCY OF THE ACT OF SHOPPING FROM ANY OF SELECTED CATEGORY OF GOODS (APPAREL, FMSCG, TEXTILE, RESTAURANT, ELECTRONICS ETC.)  AVERAGE SHOPPER INDEX FOR TURKEY :34 SHOPPER INDEX FOR YEARS: 38  AVERAGE SPENDING: 41 TL AGE GROUP 25-34: 53 TL *IPSOS KMG

RETAIL INDEX BY TCSCR ANNUAL RATE OF GROWTH NET REVENUES10% 7% NUMBER OF EMPLOYEES24% 9% SALES AREA25%19%

CURRENT SITUATION CHANGE IN TCSCR RETAIL INDEX IN JAN 2009 COMPARED TO JAN 2008  REVENUE INDEX: %1 INCREASE  SQUARE-METRE INDEX: %18 INCREASE  REVENUE PER SQ. M INDEX: %6 DECREASE  EMPLOYEE INDEX: %3 INCREASE  NUMBER OF RECEIPT INDEX: %16 INCREASE  EMPLOYMENT GREW MORE THAN SQUARE-METER GLA

CURRENT SITUATION EXPECTATIONS & FORECASTS  REVENUES AND GLA GROWTH; YET AT A SLOWER RATE  2009: YEAR TO DIGEST THE LARGE INVESTMENTS RECEIVED  REVENUE PER SQUARE METERS MAY DECREASE  INCREASE IN RECEIPT NUMBERS WILL CONTINUE: CONSUMERS WILL SHOP MORE FREQUENTLY BUT IN LESSER AMOUNTS

OPPORTUNITIES in TURKEY  $ PER CAPITA INCOME (PPP ADJUSTED) & INCREASING DISPOSABLE INCOME  71 MILLION POPULATION & DEMOGRAPHICAL DYNAMICS  PROMISING ECONOMIC OUTLOOK  TRANSITION REGION BETWEEN EUROPE, CENTRAL ASIA, MIDDLE EAST AND AFRICA  PRODUCTION FACILITIES  CUSTOMS UNION WITH EU: THIRD LARGEST SHARE IN EU TEXTILE MARKET  NET EXPORTER IN:  TEXTILES& WEARING APPAREL  MOTOR VEHICLES AND MACHINERY  FOOD PRODUCTS AND BEVERAGES,  MANUFACTURE OF METAL PRODUCTS  RUBBER AND PLASTIC PRODUCTS

WHY TCSCR? OUR MISSION IS TO INSTITUTIONALIZE AND MODERNIZE THE TRADITIONAL IDENTITY OF THE RETAIL SECTOR. OUR OBJECTIVE IS TO ENSURE THAT THE MODERN RETAIL SECTOR BECOMES THE DETERMINING PART OF THE RETAIL SECTOR WHICH IS ALREADY ONE OF THE LEADING SECTORS OF TURKEY BY THE END OF 2008:  354 MEMBERS  REPRESENTING ANNUAL REVENUE AROUND 40 BILLION USD

WHY TCSCR? TCSCR.... ...IS THE LEADING ORGANIZATION OF THE SECTOR ...IS THE SOURCE OF DATA AND INFORMATION FOR THE SECTOR ...DEALS WITH ALL KINDS OF LEGAL AND LEGISLATIVE PROBLEMS OF THE ORGANIZED RETAIL AND SHOPPING CENTER SECTOR AND PRODUCES EFFECTIVE SOLUTIONS ...BRINGS GLOBAL KNOW-HOW TO TURKEY ...ORGANIZES SEMINARS AND WORKSHOPS IN ORDER TO UPDATE SECTORAL KNOW-HOW ...BRINGS CONCRETE SOLUTIONS FOR THE EMPLOYMENT PROBLEMS OF THE SECTOR ...STRIVES TO RAISE THE STANDARDS OF THE SECTOR ...IS A SECTORAL COMMUNICATION CENTER ...CREATES AN EXTENSIVE SECTORAL RELATION NETWORK ...PERFORMS ACTIVITIES TO RAISE THE STANDARDS OF THE SOCIETY

WHY TCSCR? TCSCR PROVIDES FULL SUPPORT TO ALL THE PROCESSES AND EFFORTS TO IMPROVE THE TURKISH RETAIL SECTOR. 1) SUGGESTIONS TO THE GOVERNMENT: TAX-FREE SHOPPING DAYS THROUGHOUT ) “SHOPPING PARADISE” FOR TOURISTS 3) INCREASING & PROMOTING ENERGY EFFICIENCY ORGANIZED RETAIL IS THE ANCHOR OF THE TURKISH ECONOMY

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