1. EastAgri Annual Meeting 2010 Sait Halim Pasha Mansion, Istanbul, 13-14 October 2010 Raw material outlook in Turkey Food safety CP GROUP YILDIRAY SUBASI

2. INVEST TO TURKEY ? Turkey with its large domestic market, normalizing economy since 2001, increasing income per capita and location are the main attractiveness to invest. Turkey centrally located country. Food importer countries are Turkey’s near area like Russia, CIS, Saudi Arabia, Middle east and North Africa. When analyzed the food sector, Turkey total meat consumption per person is 31 kg. Whereas, developed countries average 83 kg.  Raw-material outlook in Turkey  Food safety in Turkey Turkey Chicken meat consumption per person 15 kg, whereas, The USA 46,1 kg per person, Brazil 38,8 kg, European union15’s 26 kg per person. We may reach from this consumption figures that Turkey consumption will increase around double according to current consumption figures accompanied by growing economy. PRESENTATION:

3. Source: - TMO, DPT, IGC, USDA FAS and TUIK. GRAIN PRODUCTION AND CONSUMPTION IN TURKEY (MT 000) WheatBarleyCornRyeOatsSoybeanRice ProductionConsumptionProductionConsumptionProductionConsumptionProductionConsumptionProductionConsumptionProductionConsumptionProductionConsumption 200021.00017.8918.0008.1602.3003.24326024031429045432230559 200119.00017.9467.5007.4822.2002.75022024026529050371220439 200219.50017.5728.3007.7212.1003.264255269290 75687220528 200319.00018.3188.1008.2452.8003.34024028327028885916220590 200421.00018.8479.0007.8953.0004.31427029927529050731290434 200521.50018.9509.5008.0004.2004.000270247270290451.174360611 200620.01019.1309.5518.0753.8114.000271285209210251.293420637 200717.23418.3527.3078.1503.5354.200241275190210251.302390582 200817.78218.5005.9236.0004.2744.200247275196215301.037450668 200920.60020.6877.3006.2204.2504.470334275213215451.325460*670*

5. PRODUCT NAME 20092010 PRICE SOY BEAN (USD) 545556 SOYBEANMEAL (USD) 548544 CORN (TL) 446520 BARLEY (TL) 370484 WHEAT (TL) 435530 YEARLY RAW MATERIAL MARKET PRICE SITUATION % 16,6 % 30 % 21,8 % - 0,04 % 2

6. COUNTRIES 2001/022002/032003/042004/052005/062006/072007/082008/092009/10 COUNTRIES 2001/022002/032003/042004/052005/062006/072007/082008/092009/10 EU (27)113.553124.830110.578145.878132.356124.870120.133151.114138.312 EU (27)110.100118.100115.095123.220127.525125.500116.536127.500125.500 CHINA93.87390.29086.49091.95097.450108.466109.298112.464115.000 CHINA108.742105.200104.500102.000101.000102.000106.000105.500105.000 INDIA69.68071.81065.10072.15068.64069.35075.81078.57080.680 INDIA65.12574.29468.25872.83869.97173.47776.42370.92478.210 USA53.00143.70563.81458.73857.28049.21755.82168.01660.314 RUSSIAN38.07839.32035.50037.40038.40036.40037.65038.90042.000 RUSSIA46.90050.55034.10045.40047.70044.90049.40063.70061.700 USA32.43430.44832.50731.82331.35730.94028.61434.29330.941 CANADA20.56816.19823.55225.86026.77525.26520.05428.61126.515 PAKISTAN 19.80018.38019.10020.00021.50021.70022.40022.80023.200 PAKISTAN19.02318.22619.18319.50021.61221.27723.29520.95924.033 TURKEY 16.50117.00016.800 16.10016.65016.80016.90017.100 TURKEY15.50016.800 18.500 17.50015.50016.80018.450 UKRAINE 13.45014.5009.02511.70012.50011.70012.30011.90012.300 ARGENTINA 15.50012.30014.50016.00014.50016.30018.60010.1009.600 CANADA 7.5668.1817.5909.3869.1688.9866.7878.0366.642 KAZAKHSTAN 12.70012.60011.0009.95011.00013.45016.45012.55017.000 AUSTRALIA 5.4276.1785.9565.9006.4007.6006.5006.8507.100 OTHER120.833110.380109.780124.094126.826105.510106.824120.375128.825 OTHER 167.969172.437174.348178.451190.568181.206186.672198.901201.537 WORLD581.131567.689554.905628.020622.639596.105611.185683.259680.429 WORLD 585.192604.038588.679609.518624.489616.159616.682642.504649.530 COUNTRIES 2001/022002/032003/042004/052005/062006/072007/082008/092009/10 COUNTRIES 2001/022002/032003/042004/052005/062006/072007/082008/092009/10 EU (27)56.96256.50955.81664.07754.75256.22057.54565.50761.731 EU (27)53.87154.40058.00754.58054.05055.70054.20057.00056.500 RUSSIA19.50018.70018.00017.20015.80018.10015.65023.10017.900 RUSSIA14.25015.50018.60016.50015.50016.40015.05017.10016.800 UKRAINE10.18610.3646.85011.1009.00011.3506.00012.60011.800 CANADA10.2717.9059.89310.76710.41410.1907.9169.0658.519 TURKEY6.9007.2006.9007.4007.6007.5006.0005.7006.500 TURKEY6.6006.8007.1007.300 6.1005.7005.900 USA5.4074.9406.0596.0914.6133.9234.5755.2304.949 USA5.6615.1794.9905.6724.5704.5964.3245.1274.612 OTHER42.54336.16448.99247.75545.67139.30343.18943.19946.928 OTHER45.20445.89948.75648.12150.01949.04846.45250.47551.794 WORLD141.498133.877142.617153.623137.436136.396132.959155.336149.809 WORLD135.857135.683147.346142.940141.853143.234134.042144.467144.125 COUNTRIES 2001/022002/032003/042004/052005/062006/072007/082008/092009/10 COUNTRIES 2001/022002/032003/042004/052005/062006/072007/082008/092009/10 USA241.377227.767256.278299.914282.311267.503331.177307.142333.011 USA200.941200.748211.644224.648232.063230.674261.632259.272290.209 CHINA114.088121.300115.830130.290139.365151.600152.300165.900155.000 CHINA123.100125.900128.400131.000137.000145.000149.000152.000156.000 EU (27)50.14249.36047.89666.46861.15353.82947.55562.32156.548 EU (27)50.50849.52655.76463.20061.50041.00042.50045.50047.000 BRAZIL35.50144.50042.00035.00041.70051.00058.60051.00056.100 BRAZIL35.00037.50036.30038.50039.50062.30064.00061.50060.500 MEXICO20.40019.28021.80022.05019.50022.35023.60024.22621.300 MEXICO23.60024.70026.40027.900 30.70032.00032.40031.200 ARGENTINA 14.70015.50015.00020.50015.80022.50022.01715.00022.500 JAPAN16.30016.80017.20016.50016.70016.50016.60016.70016.000 INDIA13.51011.10014.98014.18014.71015.10018.96019.73016.680INDIA13.05012.00013.50013.90014.20013.90014.20017.00015.700 OTHER109.200112.907113.415126.441121.621129.569139.406152.519149.831 OTHER160.002160.000159.687172.323175.162187.902192.435196.768203.387 WORLD598.918601.714627.199714.843696.160713.451793.615797.838810.970 WORLD622.501627.174648.895687.971704.025727.976772.367781.140819.996 WORLD GRAIN PRODUCTION & CONSUMPTION AND MAJOR COUNTRIES (MT 000) Wheat Production Barley Production Corn Production Wheat Consumption Barley Consumption Corn Consumption Source: USDA FAS.

7. COUNTRIES 2001/022002/032003/042004/052005/062006/072007/082008/092009/10 COUNTRIES 2 001/02 2002/032003/042004/052005/062006/072007/082008/092009/10 EU (27)11.8919.1906.97210.0317.6886.5417.6799.2369.383EU (27)10.1699.3108.90810.1358.6207.4007.3008.7008.950 RUSSIA6.6007.1504.2002.8503.6003.0003.9004.5004.300RUSSIA5.8006.1505.5003.3003.6002.9503.7504.4004.325 CANADA228134327420359383252316280UKRAINE1.3491.3009001.3001.050800550800750 TURKEY220255240 271265250270TURKEY240269283299247285275 OTHER3.6293.5812.2443.4832.6342.2072.2773.0063.060OTHER2.6822.6962.4072.6332.2692.4892.1332.2582.459 WORLD22.56820.31013.98317.02414.52112.40214.37317.30817.293WORLD20.24019.72517.99817.66715.78613.92414.00816.43316.759 COUNTRIES2001/022002/032003/042004/052005/062006/072007/082008/092009/10COUNTRIES2001/022002/032003/042004/052005/062006/072007/082008/092009/10 EU (27)8.0919.2809.0189.1537.9687.7688.6348.9758.429EU (27)7.4208.2878.6368.7197.8687.6478.6508.5008.100 RUSSIA7.7005.7005.2004.9504.5504.9005.4005.8005.400RUSSIA7.1006.3005.6004.9004.6004.9005.400 5.600 CANADA2.6912.9113.6913.6833.4323.8524.6964.2732.798CANADA2.1291.8702.1872.1942.1152.2831.9331.7701.622 USA1.7071.6842.0961.6791.6671.3571.3131.2941.351 AUSTRALIA 1.3108001.7051.1751.4007101.3351.0351.100 AUSTRALIA1.4349572.0181.2831.6957481.5021.1601.260UKRAINE1.050950 1.000800675550925725 UKRAINE1.1169439251.000800700550950730CHINA601600610 620615 625650 TURKEY265290285290 210200 210TURKEY290 288290 210 215 OTHER4.0323.9553.3393.8523.6143.5083.6283.4833.570OTHER7.0587.1706.6176.7416.6506.2916.7736.0416.287 WORLD27.03625.72026.57225.89024.01623.04325.92326.13523.748WORLD26.95826.26726.59325.62924.34323.33125.46624.51124.299 Rye Production Oats Production Rye Consumption Oats Consumption Source: USDA FAS. COUNTRIES2001/022002/032003/042004/052005/062006/072007/082008/092009/10COUNTRIES2001/022002/032003/042004/052005/062006/072007/082008/092009/10 CHINA124.306122.180112.462125.363126.414128.000130.224134.330137.000CHINA134.581134.800135.000135.100128.000127.800127.450133.000134.500 INDIA93.34071.82088.28085.31091.79092.76096.69099.18089.130INDIA87.61179.86085.38083.11085.08887.35090.46691.09085.430 INDONESIA32.96033.41135.02434.25034.95933.30037.00038.30037.100INDONESIA36.38236.50036.00035.85035.73935.55036.35037.09037.600 BANGLADESH 24.31025.18726.15225.90028.75829.15028.80031.000 BANGLADESH 25.55326.10026.70026.90029.00029.90030.74731.00031.600 VIETNAM21.03621.52722.08222.62730.72930.43024.37524.39324.398VIETNAM17.00017.50018.00018.50018.39218.50019.40019.00019.150 OTHER103.120103.346107.507108.438105.406104.523116.520121.027122.524OTHER108.941111.750114.594115.687119.314119.330123.579126.566129.640 WORLD399.072377.471391.507401.888418.056418.163433.609448.230441.152WORLD410.068406.510415.674415.147415.533418.430427.992437.746437.920 Rice ProductionRice Consumption

8. WORLD GRAIN PRODUCTION AND CONSUMPTION (MT 000) KIND OF GRAIN2001/022002/032003/042004/052005/062006/072007/082008/092009/10 Yearly Average Stocks 2009/2010 Stock WHEAT Production581.131567.689554.905628.020622.639596.105611.185683.259680.429 157.381195.973 Consumption585.192604.038588.679609.518624.489616.159616.682642.504649.530 CORN Production598.918601.714627.199714.843696.160713.451793.615797.838810.970 128.685138.989 Consumption622.501627.174648.895687.971704.025727.976772.367781.140819.996 RICE Production399.072377.471391.507401.888418.056418.163433.609448.230441.152 92.14394.324 Consumption410.068406.510415.674415.147415.533418.430427.992437.746437.920 BARLEY Production141.498133.877142.617153.623137.436136.396132.959155.336149.809 27.59136.662 Consumption135.857135.683147.346142.940141.853143.234134.042144.467144.125 OATS Production27.03625.72026.57225.89024.01623.04325.92326.13523.748 3.7034.425 Consumption26.95826.26726.59325.62924.34323.33125.46624.51124.299 RYE Production22.56820.31013.98317.02414.52112.40214.37317.30817.293 3.9953.010 Consumption20.24019.72517.99817.66715.78613.92414.00816.43316.759 Source: USDA FAS. World Soybean production is 259.702 MT in 2009.

9. EU LEGISLATIONS FOR POULTRY MEAT HACCP (ISO 22000) NEED TO HAVE FOR FOOD SAFETY TRACEABILITY IS IMPORTANT AS A PART OF ISO 22000 MICROBIOLOGICAL AND CHEMICAL LIMITS MUST BE FOLLOWED ACCORDING TO CODEX ALIMENTARIUS ( FOR FRESH POULTRY MEAT THERE IS ONLY ONE PATHOGEN WHICH IS SALMONELLA IN MICROBIOLOGICAL CRITERIA) PROCESS HYGIENE CRITERIA IS A PART OF PRODUCT CONTROLS ANALYSES FOR CRITERIA MUST BE CARRIED OUT BY ISO 17025 ACCREDITED LABORATORIES WHEN LIMITS ARE EXCEEDED, PRODUCTS MUST RECALL FROM SHELF TURKIYE LEGISLATIONS FOR POULTRY MEAT HACCP (ISO 22000) % 100 achieved ACCORDING TO TURKISH GOVERNMENT REGULATIONS TRACEABILITY ACHIEVED AS A PART OF ISO 22000 BRC CERTIFICATIFICATION COMPLETED FOR CHICKEN MEAT EXPORT PLANNING COMPANIES IFS CERTIFICATION COMPLETED FOR CHICKENMEAT EXPORT PLANNING COMPANIES MICROBIOLOGICAL AND CHEMICAL LIMITS MUST BE FOLLOWED ACCORDING TO CODEX ALIMENTARIUS (OUR CODEX INVOLVES LISTERIA MONOCYTOGENES, E.COLI O157 AND STAPHYLOCOCCUS AUREUS ADDITIONAL TO SALMONELLA SPP FOR FRESH CHICKENMEAT. READY TO EAT FOOD LIMITS ARE THE SAME) PROCESS HYGIENE IS A PART OF MICROBIOLOGICAL CRITERIA ANALYSES ARE CARRIED OUT BY ISO 17025 ACCREDITED GOVERNMENT LABORATORIES WHEN LIMITS ARE EXCEEDED, PRODUCT RECALLS FROM SHELF SIMILAR LIKE POULTRY MEAT: HACCP (ISO 22000) PRINCIPLES NEED TO HAVE FOR FOOD SAFETY AND OTHER TOPICS ARE THE SAME AS POULTRY PRODUCTS TRACEABILITY IS A MUST CODEX MICROBIOLOGICAL AND CHEMICAL LIMITS MUST BE FOLLOWED ANALYSES MUST BE CARRIED OUT BY ISO 17025 ACCREDITED LABORATORIES WHEN LIMITS ARE EXCEEDED, PRODUCTS MUST RECALL FROM SHELF BIG INTEGRATIONS ARE FOLLOWING HACCP (ISO 22000) TRACEABILITY IS A BIT PROBLEM FOR REST OF INDUSTRY CODEX ALIMENTARIUS IS DISCRIBING FOOD SAFETY LIMITS FOR RED MEAT BUT FOLLOW UP IS A BIT PROBLEM GOVERNMENT NEEDS MORE LABOR (VETERINARIAN) FOR RED MEAT INDUSTRY CONTROLS OUT OF BIG INTEGRATIONS EU LEGISLATIONS FOR RED MEAT SIMILAR LIKE POULTRY MEAT: HACCP (ISO 22000) PRINCIPLES NEED TO HAVE FOR FOOD SAFETY AND OTHER TOPICS ARE THE SAME AS POULTRY PRODUCTS TRACEABILITY IS A MUST CODEX MICROBIOLOGICAL AND CHEMICAL LIMITS MUST BE FOLLOWED ANALYSES MUST BE CARRIED OUT BY ISO 17025 ACCREDITED LABORATORIES WHEN LIMITS ARE EXCEEDED, PRODUCTS MUST RECALL FROM SHELF TURKEY LEGISLATIONS FOR RED MEAT BIG INTEGRATIONS ARE FOLLOWING HACCP (ISO 22000) TRACEABILITY IS A BIT PROBLEM FOR REST OF INDUSTRY CODEX ALIMENTARIUS IS DISCRIBING FOOD SAFETY LIMITS FOR RED MEAT BUT FOLLOW UP IS A BIT PROBLEM GOVERNMENT NEEDS MORE LABOR (VETERINARIAN) FOR RED MEAT INDUSTRY CONTROLS OUT OF BIG INTEGRATIONS EU LEGISLATIONS FOR POULTRY MEAT HACCP (ISO 22000) NEED TO HAVE FOR FOOD SAFETY TRACEABILITY IS IMPORTANT AS A PART OF ISO 22000 MICROBIOLOGICAL AND CHEMICAL LIMITS MUST BE FOLLOWED ACCORDING TO CODEX ALIMENTARIUS ( FOR FRESH POULTRY MEAT THERE IS ONLY ONE PATHOGEN WHICH IS SALMONELLA IN MICROBIOLOGICAL CRITERIA) PROCESS HYGIENE CRITERIA IS A PART OF PRODUCT CONTROLS ANALYSES FOR CRITERIA MUST BE CARRIED OUT BY ISO 17025 ACCREDITED LABORATORIES WHEN LIMITS ARE EXCEEDED, PRODUCTS MUST RECALL FROM SHELF TURKEY LEGISLATIONS FOR POULTRY MEAT HACCP (ISO 22000) % 100 achieved ACCORDING TO TURKISH GOVERNMENT REGULATIONS TRACEABILITY ACHIEVED AS A PART OF ISO 22000 BRC CERTIFICATIFICATION COMPLETED FOR CHICKEN MEAT EXPORT PLANNING COMPANIES IFS CERTIFICATION COMPLETED FOR CHICKENMEAT EXPORT PLANNING COMPANIES MICROBIOLOGICAL AND CHEMICAL LIMITS MUST BE FOLLOWED ACCORDING TO CODEX ALIMENTARIUS (OUR CODEX INVOLVES LISTERIA MONOCYTOGENES, E.COLI O157 AND STAPHYLOCOCCUS AUREUS ADDITIONAL TO SALMONELLA SPP FOR FRESH CHICKENMEAT. READY TO EAT FOOD LIMITS ARE THE SAME) PROCESS HYGIENE IS A PART OF MICROBIOLOGICAL CRITERIA ANALYSES ARE CARRIED OUT BY ISO 17025 ACCREDITED GOVERNMENT LABORATORIES WHEN LIMITS ARE EXCEEDED, PRODUCT RECALLS FROM SHELF

10. FEED PRODUCTION TURKEY PUBLISHED NEWLY UPDATED FEED LAW GMO (GENETICALLY MODIFIED ORGANISMS) SUBJECT NEWLY EVALUATED AND A NEW NATIONAL LEGISLATION PUBLISHED FOR GMOs. GOVERNMENT IS CONTROLLING IMPORTS OF GMOs (TURKEY IS NOT PRODUCING GENETICALLY MODIFIED CORN AND SOYA. POSSIBLE GMO PRESENCE CAN BE BY IMPORTS OF GMOs ONLY). PESTICIDE MRL (MAXIMUM RESIDUAL LIMIT) TABLES EXPANDED WITH NEW CHEMICALS AND LIMITS UPDATED ACCORDING TO EU PESTICIDES MRL TABLE ANTIBIOTIC ADDITION TO FEED (AS GROWTH PROMOTER) IS BANNED BY LAW. MRL TABLE FOR ANTIBIOTICS AND ANTICOCCIDIALS HAS UPDATED ACCORDING TO EU LEGISLATIONS’ MRL TABLES HACCP IS UNDER PRACTICE FOR FEED INDUSTRY TO ESTABLISH ‘FARM TO FORK FOOD SAFETY’. EGG PRODUCTION EGG PRODUCTS (PASTORISED EGG ETC.) HAVE SIMILAR MICROBIOLOGICAL LIMITS IN EUROPE AND IN TURKEY RAW EGG (TABLE EGG) NEWLY STARTED EVALUATION FOR FOOD SAFETY IN TURKEY OUT OF FOOD SAFETY, EUROPE FOCUSES ON ANIMAL WELFARE FOR CAGED PRODUCTION OF EGG AND THERE ARE LIMITATIONS FOR THAT IN TURKEY, CAGED EGG PRODUCTION IS NOT A TOPIC FOR ANIMAL WELFARE RECENTLY BUT IT WILL BE A TOPIC NATIONAL SALMONELLA SURVEILANCE SHOWED SOME DATA FOR INCIDENCE. THERE ARE TARGETS FOR DECREASING SALMONELLA FOR FOOD SAFETY OF EGG IN TURKEY EGG PRODUCTION EGG PRODUCTS (PASTORISED EGG ETC.) HAVE SIMILAR MICROBIOLOGICAL LIMITS IN EUROPE AND IN TURKEY RAW EGG (TABLE EGG) NEWLY STARTED EVALUATION FOR FOOD SAFETY IN TURKEY OUT OF FOOD SAFETY, EUROPE FOCUSES ON ANIMAL WELFARE FOR CAGED PRODUCTION OF EGG AND THERE ARE LIMITATIONS FOR THAT IN TURKEY, CAGED EGG PRODUCTION IS NOT A TOPIC FOR ANIMAL WELFARE RECENTLY BUT IT WILL BE A TOPIC NATIONAL SALMONELLA SURVEILANCE SHOWED SOME DATA FOR INCIDENCE. THERE ARE TARGETS FOR DECREASING SALMONELLA FOR FOOD SAFETY OF EGG IN TURKEY FEED PRODUCTION TURKEY PUBLISHED NEWLY UPDATED FEED LAW GMO (GENETICALLY MODIFIED ORGANISMS) SUBJECT NEWLY EVALUATED AND A NEW NATIONAL LEGISLATION PUBLISHED FOR GMOs. GOVERNMENT IS CONTROLLING IMPORTS OF GMOs (TURKEY IS NOT PRODUCING GENETICALLY MODIFIED CORN AND SOYA. POSSIBLE GMO PRESENCE CAN BE BY IMPORTS OF GMOs ONLY). PESTICIDE MRL (MAXIMUM RESIDUAL LIMIT) TABLES EXPANDED WITH NEW CHEMICALS AND LIMITS UPDATED ACCORDING TO EU PESTICIDES MRL TABLE ANTIBIOTIC ADDITION TO FEED (AS GROWTH PROMOTER) IS BANNED BY LAW. MRL TABLE FOR ANTIBIOTICS AND ANTICOCCIDIALS HAS UPDATED ACCORDING TO EU LEGISLATIONS’ MRL TABLES HACCP IS UNDER PRACTICE FOR FEED INDUSTRY TO ESTABLISH ‘FARM TO FORK FOOD SAFETY’. SEAFOOD PRODUCTION TURKEY IS EXPORTING PROCESSED AND FROZEN SEAFOOD TO EU COUNTRIES FOR MANY YEARS. AFTER 1998 (ITALY BANNED TURKISH SEAFOOD TRANSPORTS FOR STAPHYLOCOCCUS PATHOGEN IN THIS YEAR) TURKISH SEAFOOD REGULATIONS AND INDUSTRY IMPROVED THEMSELVES AND NOW MOST OF SEAFOOD COMPANIES IN TURKEY ARE SELLING THEIR PRODUCTS TO EU MARKETS. CERTIFICATIONS FOR BRC AND IFS OUT OF HACCP (ISO 22000) ACCOMPLISHED BY ACCREDITED CERTIFICATION BODIES. MICROBIOLOGICAL AND CHEMICAL LIMITS ARE THE SAME AS EU LIMITS. EU COUNTRIES ARE BELIEVING THAT TURKISH SEAFOOD IS A SAFE FOOD

11. Meat production and consumption in the World and Turkey in 2008 World production (million ton) % Turkey production (million ton) % Pork meat100,636,500 Red meat8229,8144,8 Chicken meat92,933,71,2355,2 TOTAL275,51002,23100 Per capita meat consumption in developed countries average (KG) 83 31,2 Source:FAO

12. Country Kg / Person / Year USA 46,1 Brazil 38,8 Argentina 30,7 Russia 19 EU 27 16,3 (EU 15 26 kg) Japan 15 Turkey 15 Chicken meat consumption 2008 Source: FAPRI,BESD-bir

13. Chicken meat export routes Source: Piet SIMONS, Seminar in 2004, Bursa