1. An Overview of Foreign Investment, Borsa Istanbul and Real Estate Sector March 2016

2. Foreign Investment Trend in Turkey
Sources: TurkStat, CBRT, Ministry of Economy, TCMA, BRSA, Treasury |

3. Ratings of Turkish Economy
Credit Ratings (foreign currency)
Outlook:
stable
negative
negative |

4. Global Preference to Own a Company in Turkey
Source: Ministry of Economy |

5. International Rankings of BIST
#1 fastest growing derivatives market in the world***
#1 equity marketplace in the region**
one of the largest organized repo markets
world’s 3rd most liquid* equity market
world’s 5th largest organized bond market
in terms of turnover velocity *
in terms of trading volume; Eastern Europe, the Middle East, North Africa, and Central Asia **
in terms of trading volume,2015 ; World*** |

6. Position of Real Estate Investment Companies in BIST
Equity Market Shares , ETFs, REICs Warrants, Certificates, Investment Trusts, Venture Capital Trusts
BIST Stars (116)
BIST Main (185)
Watchlist (33)
BIST Emerging Companies (20)
Pre-Market Trading Platform (14)
Collective and Structured Products (59)
Exchange Traded Funds (11)
Investment Trusts, REICs, Venture Capital Trusts (48)
Private Market
Debt Securities Market Government and Corporate Bonds, Bills, Eurobonds, Repo-Reverse Repo, Lease Certificates (Sukuk)
Outright Purchases and Sales Market
Repo-Reverse Repo Market
Offering Market for Qualified Investors
Repo Market for Specified Securities
Interbank Repo- Reverse Repo Market
Equity Repo Market
International Bonds Market
Derivatives Market Futures: Equity, ETF, Equity Index, Currency, Precious Metals, Commodity, Scrap Steel, Foreign Indices (SASX-10), Power Options: Equity, Equity Index, Currency
Financial Derivatives
Energy and Commodity Derivatives
Precious Metals and Diamond Markets Spot Standard & Non-Standard Gold, Silver, Platinum, Palladium, Diamonds &Precious Stones
Precious Metals Market
Precious Metals Lending Market
Diamond and Precious Stones Market
Source: Borsa İstanbul, 30/09/2015
(*) 219 companies with 226 instruments |

7. Foreign Investor Share in Equity Market
Equity Traded Value
Share of Foreign Investors in Free-Float Market Capitalization
Market Capitalization
Share of Foreign Investors in Value Traded
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Source: Borsa İstanbul, CRA, September 2015 |

8. Listed Real Estate Companies
12,2 bn €
Total portfolio value of Real Estate Companies is 12,6 billion Euros. |

9. Listed Real Estate Companies
(Mil €)
MCAP
TRADED VALUE
TRADE VOLUME (MONTHLY)
ENKA INSAAT
5.517
683 87
EMLAK KONUT GYO
2.914
1.472
998
YENI GIMAT GYO
507
413 1
TORUNLAR GYO
506
107 10
IS GYO
392
187 36
DOGUS GYO
242 14 16
HALK GYO
225 47 13
SAF GYO
203 91 3
OTHER
1.713
438
367
TOTAL
12.219
3.453
1.533 |

10. Real Estate Index (XGMYO) Performance in Eur
XU100
XGMYO
ANNUAL AVERAGE
0,95%
7,14% |

11. Debt Instruments
2014
A total amount of 206 million € debt instruments issued by 4 Real Estate Companies.
2015
A total amount of 187 million € debt instruments issued by 9 Real Estate Companies. |