1. Investor Presentation 2015

2. 2 Anel Elektrik

3.  30 years of experience  10 Int’l airports experience with more than 2,5mn sqm  2.172 Employees, 73% Blue Collar- 27% White Collar  100% Domestic Capital  IPO in 2010, ANELE in Borsa İstanbul  Ranked 277th largest Company in Fortune 500 Turkey list in 2014 3 Glance of Anel Elektrik

4. 4 Anel Elektrik’s Key Milestone 2015 | Mavi Bahçe Shopping Center | DP World Yarımca Container Terminale 2016 | Qatar Redline South Underground

5. Major Completed Projects AIRPORTS Completion Date Project Size (sqm) Abu Dhabi Midfield Terminal BuildingOngoing 2016700.000 İstanbul Atatürk International Airport (with extentions) 1999/2004/2005/2010495.000 Hamad International Airport / Qatar2013450.000 Cairo Airport Terminal Building 3 / Egypt2008220.000 Ankara Esenboga International Airport2007180.000 Izmir Adnan Menderes International Airport2007110.000 Erzincan Airport, Domestic201065.000 Adıyaman Airport, Domestic201225.000 Tbilisi & Batumi International Airport200727.500 Total Size 2.272.500 OTHER PROJECTS Kuyumcukent Jewellery & Gold Center2010550.000 Izmir Hippodrome Outdoor Lighting2007550.000 Marmara Forum Mall2011350.000 Ford Otosan Golcuk Facilities2006300.000 Bayrampaşa Forum Mall2009300.000 Qatar National Convention Centers2010120.000 Turkcell‘s 40 Operation Centers2002115.000 Bosch-Rexroth200987.000 King’s Academy / jordan200666.000 Total Size 2.438.000 GRAND TOTAL SIZE 4.710.500 5

6. 6 From Projects

7. Backlog Backlog USD mn Revenue TRY mn & Ebitda Margin (%) 7 Backlog Distribution Estimates USD mn

8. Backlog 8 Backlog Breakdown by CountryBacklog Breakdown by Project Project completion period; 2-3 years average ProjectClientLocationSectionSizeTotal SizeBacklog Tuzla Trade Center (IS REIT) Korayİstanbul E 26.389.747 66.013.9664.223.788 M 39.624.219 42 Maslak BAYİstanbul E 2.766.513 8.948.4473.470.518 M 6.181.934 DP World Yarımca Container Terminal STFAKocaeli E 11.186.413 3.216.373 M Mavi Bahçe Shopping Center Operaİzmir E 6.015.927 11.661.5762.250.607 M 5.645.648 Other Domestic Projects E 1.334.530 1.297.970 M TOTAL (USD) 99.144.93214.459.255

9. Backlog 9 ProjectClientLocationSectionSizeTotal SizeBacklog International Abu Dhabi Airport TAV-CCC-ArabTec UAE E 364.648.263 206.350.936 M Redline South Underground QDVC-GS Al.Darwish Qatar E 237.221.412 M Hamad Bin Khalifa Medical City – Doha Hyundai Qatar E 34.533.095 5.151.640 M R&D Complex Qatar REDCO Construction - AL MANA Qatar E 114.029.208 7.392.884 M Al Rayvan Road Doğuş Qatar E 44.877.538 41.017.855 M Sidra Medical Centre KENTZ Qatar E 7.203.051 2.211.410 M Other Int'l Projects E 5.624.843 993.771 M TOTAL (USD) 748.013.364500.339.908 GRAND TOTAL ( Domestic + Int'l) 847.158.296514.799.163

10. Well - Established Relationships 10

11. Abu Dhabi Airport 700.000 sqm Completion April2017 Future Project Opportunities 11 Airport Projects ProjectSize (USD)SqmDisciplineTime Period Bahrain Airport-Extention Works265.000.000450.000MEP2016-2020 DWC Maktoum Airport60.000.00080.000MEP2016-2018 Sharm El Sheikh Airport200.000.000150.000MEP2016-2019 Maldives Airport50.000.00075.000MEP2016-2019 Hamad Airport Concourse D&E100.000.000150.000MEP2016-2019 Hamad Airport Amiri Flight Facilities128.000.00077.000MEP2016-2018 Total803.000.000982.000

12. Future Project Opportunities 12 Railway Projects Red line South Underground Project Completion 2H2018

13. 13 Baku Olympic Stadium 1st European Olympic Games Capacity 68.000 Completion Jan 2015 Standarts UEFA, FIFA, IOC (Elite Stadium) Future Project Opportunities Stadium Projects

14. Hamad Medical City, Doha 227.000 sqm Completion Dec 2014 14 Other Opportunities Ganjlik Mall, Baku 120.000 sqm The biggest mall of Baku Completion 2016 New shopping centers, malls and new luxury hotels will be planned by Qatar for EXPO 2020 and WC2022 30 City Hospitals planned in Turkey Sheikh Khalifa Medical Complex in Qatar Azerbaijan, Gulf Region’s planned new projects 2016- 2020

15. 15 New Regions Anel business development thought of in the coming years; Botswana, Ghana, South Africa, Mauritius, Namibia, Kenya, Tanzania, Ethiopia, as in many African countries Indonesia, Vietnam, Philippines, Malaysia, Sri Lanka, Thailand, Southeast Asian countries such as Myanmar Hungary, Poland, Romania, Spain, England, Croatia, Bulgaria as we pursue new projects in Europe. In addition, we will also examine developments in Iran.

16. Main Segments 16 ENERGYREAL ESTATEELECTRONICS 2015 Revenue; 3,97 mn TRY2015 Revenue ; 14,9 mn TRY2015 Revenue; 6,7 mn TRY 2014 Revenue; 19,3 mn TRY2014 Revenue; 15,8 mn TRY2014 Revenue; 1,5 mn TRY The biggest photovoltaic power plant in Turkey - Malatya University 5,3 MWp Anel Business Center Marine electric – electronics *Generating its own electricitySystem integration *Long-term renting methodFixed and mobile telecommunication The largest solar plant in the Eastern Mediterranean Basin - 1,3 MWp solar power plant Cyprus *19 floors & 40,000 sqm rentable areaDefence *Parking lot for 450 vehiclesIndustrial & professional electronics *100% capacity utilizationInformation technologies Projects in Bulgaria - 5,2 MWp Troyanovo,Dimitrovgrad,Chirpan Kosuyolu Office Building Mobile applications & smart solutions Türk Telekom Base Station Installation - 400 kWp Main Prestigious Tenants *Celebi Holding*Shaya Greece Solar plant in Komotini - 100 kWp *Redbull*Pierre Fabre *Orange*Hobby Kozmetik Anel Business Center Roof and Terrace Installation - 25 kWp *Watsons*Grohe *Kariyer.net*Karsan *Sigortam.net*Avnet Sanko *Takeda

17. . 17 Financial Summary (TRY) 2010201120122013 20142015 Net Sales 319.333.713357.044.134291.411.121459.740.937 639.433.961 559.529.563 Gross Profit 38.608.68652.256.72443.936.02751.385.010 68.905.818 25.991.935 Operating Profit 25.368.63141.195.27417.517.19125.400.482 41.186.647 -8.759.722 Net Income 21.936.96922.891.83115.4641.372.523 10.030.701 14.415.378 EBIT 10.072.49323.395.40116.861.72126.808.302 46.407.385 -2.620.518 EBITDA 27.029.87534.494.52519.385.35230.779.310 50.506.544 2.410.699 EBIT Margin(%) 3,00%6,55%5,79%5,83% 7,26% -0,47% EBITDA Margin(%) 8,00%9,68%6,65%6,69% 7,90% 0,43% Gross Marjin (%) 12,00%14,64%15,08%11,18% 10,78% 4,65% Operating Margin (%) 7,90%11,55%6,01%5,52% 6,44% -1,57% Net Income Margin (%) 6,90%6,42%0,01%0,30% 1,57% 2,58% Price (TRY/share) 2,441,922,131,00 1,28 1,16 Book Value Per Share (TRY) 1,882,262,232,21 2,46 2,60 Market Cap (TRY) 268.400.000211.200.000234.300.000110.000.000 140.800.000 127.600.000

18. 18 Anel Elektrik Financial Summary Financial Summary SUMMARY FINANCIALS (TRY mn)201020112012201320142015 CURRENT ASSETS374397 345533671696 Cash and Cash Equivalents83,587,215,746,52653 Trade Receivables106127241,2358,5443419 Other Receivables32,611,323,165,391,163,5 Inventories28,627,830,626,766,1119,6 Other Current Assets30,527,116,717,619,611,5 NON-CURRENT ASSETS176240223,2294220282 Financial Investments (Assets)0,020,20,05 Investments Accounted with Equity Method21,416,316,410,522,222,8 Investment Property110,2117.2120,6137,5138,1190 Intangible Non-Current Assets0,30,22,19,32,21,1 Deferred Tax Asset31,683,857,399,918,223,3 TOTAL ASSETS5506375688271035978 SHORT TERM LIABILITIES234224176,6353486503 Financial Liabilities 62,950,234,499,9173 159 Trade Payables 67,953,158,383,5197,9 165,6 LONG TERM LIABILITIES110165144,8194107122 Financial Liabilities 74,180,286,391,894 97 SHAREHOLDER'S EQUITY207249246.5 281298352 Paid-in Capital 110 MINORY INTERESTS 26,825,429,1 27,9 66,3 TOTAL LIABILITIES & SHAREHOLDERS' EQUITY5506375688271035978

19. Disclaimer Certain statements contained in this presentation may be considered "forward-looking statements”. Our forward-looking statements generally contain words such as "estimate," "project, "predict," "believe," "expect," "anticipate," "potential," "plan," "goal," “will” or other words which mean the uncertainty of future events. These forward-looking statements are based on our current expectations, estimates and assumptions and are subject to certain risks and uncertainties. Although Anel Elektrik believes that the expectations reflected in our forward-looking statements are reasonable at this time, actual results could differ materially from those projected or assumed in any of our forward-looking statements. Therefore, Anel Elektrik disclaims any obligation to update these statements, and we caution you not to rely on them unduly.