Third Quarter

ChairmanAhmet ÇALIK CEODr. Önder HALİSDEMİR Year of Establishment1999 Shareholding Structure100% affiliate of Çalık Holding Date of Re-structuringStarted in 2007 Total Assets* (mio USD)1.337 Equity* (mio USD) 140 (123% increase in 2 years time) Revenue* (mio USD)90.6 Net Profit* (mio USD)27 ROA*2.76% ROE*26.6% Number of Employees*380 Number of Branches*7 Number of Sales Points*4 thousand Network of Correspondent Banks* 446 banks in 87 countries Ratings*A National / BB International (JCR) SWIFT CAYTTRIS ReutersAKTS Web Adresswww.aktifbank.com.tr * As of September 30, B RIEFLY AKTIF BANK 2

Summary Financials F IGURES RAPID AND HIGH QUALITY GROWTH Asset Size Growth 3 Aktif Bank’s Rank Among Turkish Banks 3 14 Times

Summary Financials F IGURES 4 Loan Growth & NPL Ratio (Retail) NPL : 0.00% Loan Growth & NPL Ratio (Corporate) NPL : 0.01%NPL : 0.13% NPL : 0.41% NPL : 0.34%NPL : 0.59% NPL : 0.88%NPL : 0.67% NPL : 0.00% USD thousands Loan Growth & NPL Ratio (Total) USD thousands NPL : 0.57% NPL : 0.43% NPL : 0.76%NPL : 0.43% NPL : 0.00% Times RAPID AND HIGH QUALITY GROWTH WITH ONE OF THE LOWEST NPL IN THE BANKING SECTOR

Revenues Summary Financials F IGURES 5 USD thousands Shareholders’ Equity Net Profit USD thousands 5 8 Times

Summary Financials F IGURES BECOMING A REPUTABLE GLOBAL ACTOR 6 Funds Borrowed Million USD Number of Correspondents 6 4 Times 87 Countries

AKTİF BANK : THE MOST EXTRAORDINARY BANK OF TURKEY IGURES F 7 NPL Ratio Financial Leverage Ratio * As of 30 September 2011 ROA

B DIRECT REGIONAL CITY ANKING Retail Investment International NEW GENERATION BANKING MODEL Corporate 8 8

Instead of investing in branch network, we provide technology-based products regardless of time and location constraints with convenient and attractive prices.  Branchless banking model  Online integration with the Post Offices  “Shop in Shop” concept B B ANKING DIRECT REGIONAL CITY DIRECT REGIONAL CITY DIRECT BANKING 9 CITY BANKING To provide customized financial & non-financial products and services for the different needs of the cities  Concentration centers in the cities  Proper alternative distribution channels for operational and financial infrastructure of the city  Corporate and investment products for the municipalities and local businesses REGIONAL BANKING To expand trade relations as a financial actor in Balkans, the CIS and the Middle East  Synergies with our foreign based subsidiaries  Growing with new subsidiaries in the region  To be role model for other countries 9

Aktif Bank Has The Widest Distribution Network Without Branches Electronic Channels Aktif Bank Web Page and City Portals in Turkey Product Web Sites in Turkey Internet Banking in Turkey and Albania Mobile Banking and Mobile City Applications in Turkey and Albania Dealer Portals in Turkey Call Center in Turkey and Albania Physical Channels Turkish Post Offices (PTT) points in Turkey Merchant Channel Network 800 points in 10 cities Aktif Kiosks 42 locations in 6 cities Branches 7 in 7 cities E-POS * * Projected

Aktif Bank’s Retail Banking Innovations 11 1

The first and the only online-realtime platform between bank networks and Turkish Post Office. Widest physical distribution channel via points, including locations where there are no bank branches. Quick product and service deployment. Cash Collection Loan Collection Bond Billing Collection Card Collection Cash Withdrawal Loan Payment Cash Withdrawal Financial Products Credit Application Card Application Account Opening Application Regular Transfer Instructions Money Transfers (UPT) Other Company Products Aktif Online Platform Full Online Integration With Post Offices

We Are The First And The Only Bank Offering End To End Banking Products And Services Through PTT Loan: Personal Loan for PTT for Payroll Customers Personal Loan for PTT Employees Bond: Aktif Bond Money Transfers: TL/USD/EURO UPT (Universal Payment Transfers) Insurance: Loan Related Life Insurance Payments: Bill Payments Dealer Payments Financial World Innovation Awards 2011 Finalist Aktif Online Platform

Loans through PTT Branches  Aktif Bank collaborates with Turkish Post Office (PTT) and offers consumer loans to the PTT payroll customers and PTT employees.  Given sufficient funding, accessing these payroll customers and PTT employees with secured, collateralized retail loans offers has a sales potential of USD 2 billion Loan Products - “PTT Credit” Figures End of Q3 Number of PTT Credit Number of Customers Transaction volume USD 53 mUSD 348 m

Loans through Dealers and ADCs Aktif Bank has become the market leader in consumer finance for furniture, heating and energy systems sectors in 18 months. Many national and global brands such as Doğtaş, Kelebek, İstikbal have become credit sales points for Aktif Credit. Aktif Bank’s Dealer Credit System - Kreaktif is used at more than dealers around Turkey. Loan Products - “Dealer Credit” Figures End of Q3 Number of Credit Number of Customers Transaction volume USD 8 mUSD 28 m

REAKTIF LOAN FACTORY Our dynamic and measurable loan factory includes flexible workflows and has high integration capability with different channels such as dealer, web, SMS and branch banking. Business Rule Management System integrated to loan factory produces loan decision in seconds. Other components of factory are:  Verification Module  Fraud Module  User-friendly screens  Smart Application Fields  Dynamic Matrix  Online Web Services  Collateral, Document Management  Reporting and Monitoring System K INSTANT CREDIT DECISION 16 P2P2 P2P2

 Domestic Transfers  International Transfers  Internet Transfers and Payments PRODUCTS ‘ Universal Payment Transfer Platform ’ 17

Universal Payment Transfer Platform Universal Payment Transfer Platform; Upt is an integrated online payments and transfers platform with physical cash acceptance and payment points. Starting from domestic transactions in Turkey, UPT is enlarging into international transfers and Internet payments area. We Are Completing Step By Step The World's Most Flexible And Widest Platform By Bringing Together Physical And Virtual Channels

UPT is unique Only program in Turkey for transfers between post offices and the banks. UPT Is Competitive And Profitable Without any branch overhead, it is possible to price the product well below the market UPT Is Easy Anyone can use UPT even when they are not a bank customer UPT Is Widespread Turkish Post Offices, over bank branches, telephone and internet banking as well as withdrawing cash from all ATMs in Turkey UPT Domestic Transfers Figures End of Q3 Number of UPT Transactions Number of Customers Transaction volume USD 71 m USD 75 m ‘UPT” is the Cheapest and Most Common Money Transfer Program in Turkey

Foreign Currency Transfers  Universal Payment Transfer Program offers the customers to send and receive local or foreign currency to all banks and to all member partners all around the world.  Money transfers currently are available in two different methods;  Aktif Bank is creating member partnerships and global bank to bank money transfer networks starting from European Union and Middle East countries. Member locations and banks provide online transfers to customers.  Aktif Bank is also the member of global Swift network which covers rest of the banks with secure transfers. We are the candidate to be one of the leading money transfer programs in the near future. UPT International Transfers ‘UPT” Combines Best Of World’s Successful Money Transfer Programs

Aktif Card System (AKS) is a multilingual, multi currency, multi-institution loyalty card platform AKS processes huge volume of transactions with high speed in a secure AKS is capable of setting payment standards between Turkey and the neighbouring countries PrePaid card programs and offline transaction/balance management Mifare, PayPass (MC) and PayWave (VISA) contactless card application, NFC Standard credit card, debit card programs, Loyalty and point applications Campus cards, fan cards, transportation cards,gift cards, Skipass, food cards, access control systems We are the first Bank in Turkey to develop “a- purse” (Aktif Purse) which is a dual interface chip card application with transportation functionality. “a-purse” is a product of pure LOCAL engineering and it is fully compatable with GLOBAL standards  Automatic Decision System  Office Verification Module  Fraud Module  User-friendly screens  Smart Application Fields  Dynamic Matrix  Online Outsource Interrogation Card Platform - Prepaid/Debit/Credit Card Management System And Chip Technology

In Every Aspect Of Life Prepaid Transportation Purchase Loyalty Points Aktif 00 Supporting transport and payment systems together on one single card. Aktif 38 is a prepaid and transportation card that is unique to Kayseri. It can be used on transport systems and at contracted outlets (shops, restaurants, cinemas, etc...) and also offers assistance and insurance services as well as discounts and gift points. Aktif 38, Best Of The Prepaid World Supermarket Cinemas Transportation Gas station Bookshops Parks Shopping Medical expenses

2009/10 League of American Communications Professionals (LACP) Annual Report Competition 2009 Best Annual Report Narrative Platinum Award Design Management Platinum Award Among Top 50 Annual Report 2 nd Ranking 2010 Vision Awards by LACP Aktif Bank Design Management Gold Award MerComm - Galaxy Awards – «Banking» Silver Winner MerComm – The Academy of Annual Reports Silver Winner 2011 Cards and Payments International Awards - Aktif38 Best Third Party Prepaid Product Retailer Award Best Non-US Based Prepaid Program VRL Financial Awards - Aktif38 Best Prepaid Card Product Business Initiative Directions (BID) International Quality Award Financial World Innovation Award- Aktif Online Innovation in the Distribution of Financial Products Aktif Bank’s Innovations Awarded Internationally 231

24 Aktif Bank’s Corporate Banking Innovations 24

 We initiated the formation of a commercial paper market in Turkey  Under this program, we issued the first bank bond in Turkey  All of our issuances have been fully subscribed  1st tranche: TL 35 million (USD 23mn) (September2009)  2nd tranche: TL 65 million (USD 43mn) (September 2009)  3rd tranche: TL 100 million (USD 64mn) (February 2010)  4th tranche: TL 400 million (USD 270mn) (April 2010)  5th tranche: TL 700 million (USD 482mn) (September 2010)  6th tranche: TL 1 billion (USD 627 mn) (May 2011)  Net amount subscribed: TL 761 mn (USD 411 mn)  TL 90 million (USD 48 mn) is quoted in Istanbul Stock Exchange.  With a maturity profile of 30 days to 360 days  Tax advantage over time deposits  Aktif Bond is quoted on Reuters and Bloomberg Aktif Bank Bond 25

Aktif Bank Structured The First Asset Backed Securitization Of Turkey STRUCTURE SUMMARY Issuer : Aktif Bank Varlık Finansman Fonu Investment Bank & Originator : Aktif Bank Underlying Asset : Payroll Deductible Loans Through PTT Market : IMKB (Istanbul Stock Exchange) Guarantor : Aktif Bank (5%) Rating : AAA Issue date : 20/10/2011 Issue Size : 187 million TRL  Lowest possible risk profile under Turkish sovereign risk rating.  Installments deductible from state pensioner payments deposited by Republic of Turkey.  Suitable for repo and reverse-repo agreements.  Life insurance is obligatory for all borrowers.  ABSs are over collateralized with the guarantee of Aktif Bank.  Traded through both organized and OTC markets.  Tax advantage compared to term deposit products.  Brand new opportunity for investors enjoying the high yield of consumer loans with a repayment stream secured by Turkish Treasury. Asset Backed BondMaturityNominal (TRL) VDMK_69 Days ,858,306 VDMK_160 Days ,777,026 VDMK_251 Days ,350,819 VDMK_342 Days ,071,847 VDMK_524 Days ,300,509 VDMK_615 Days ,720,239 VDMK_802 Days ,922,793 Total187,001,539 26

ACT Services  Marketing and sale of products and services  Research activities  Loan supply, collateralization and legal consultancy  Credit evaluation  Operation and monitoring  Management and logistics ACT Office Foreign investors have demonstrated more interest in Turkey, which has attracted greater attention from the global business with its consistent and rapid growth performance in recent years. Seeing this potential, Aktif Bank desingned the “Act Office” service concept in 2009 to provide the following services required by international financial institutions in Turkey and other countries in the region 27

Aktif Bank became the only agent in Turkey and in the region to offer foreign trade, structured finance, export loan and advertisement insurance products and services which are only provided by ITFC and ICIEC to their member countries Local and regional agent of ITFC and ICIEC 28

First direct bank of Turkey Only bank to have online realtime integration with Turkish Post Offices (PTT) Founder of Money Transfer Programme which is commonly used in Turkey One of the few banks in Turkey with an instant decision making credit system “Credit Factory” The first bank to issue a commercial paper program The first bank that structured an asset backed securitization for the Consumer Loans in Turkey The first bank to introduce “Liaison Office” concept in Turkey (“ACT Office”) One of the few banks with dealer credit system Market leader in contactless cards in Turkey The first bank to develop “a-purse” which is a dual interface chip card application with transportation functionality The first to develop a transportation kiosk

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APPENDIX

We are an Affiliate of a Reputable Global Conglomerate 32 Ç  The leading investor in Turkey, Balkans and CIS  One of Turkey’s most up and coming Groups with more than 20,000 employees in 14 countries  30/06/ 2011 Assets of USD 6.3 billion and Revenues of USD 2.2 billion  5th Turkish corporate issuing a Eurobond  Reputable partnerships and cooperation with global brands  ENI, EWE, Mitsubishi, General Electric, Turkish Telecom  Qatar Investment Authority, Anatolia Minerals, Initec Energia ALIK HOLDING 32

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 Owns 76% stake in Albania's Albtelecom  Turkish Telecom is a strategic partner with 20% share  Incumbent fixed line operator in Albania  290,000 subscribers with a potential of 1 million, 30% penetration  Third GSM operator after AMC and Vodafone ( 15% market share) POWER SYSTEMS  Completed turnkey delivery of 5 power stations with a total capacity of 883 MW in Turkmenistan  254 MW 6th power plant under construction  Long-term supply and maintenance contract with Turkmen state  Hold 10 licenses to construct hydroelectric, wind and thermal power plants with a total capacity of 1500 MW in Turkey  Joint construction of a gas power plant in Uzbekistan with Initec Energia of Spain  Project amount of USD 470 million  Generation capacity of 472 MW  Completion date of 2013 UTILITIES  Yeşilırmak Electricity Distribution Company  1.5 million subscribers in the cities of Samsun, Amasya, Çorum, Ordu and Sinop  Yeşilırmak License was acquired in December 2010 and the acquisition price has been USD million  Participates as an investor in Bursagaz and Kayserigaz.  Bursagaz and Kayserigaz services 850,000 households TAPCO  Awarded the license to build and operate strategically important Trans-Anatolian Pipeline (TAP)  Partnership with ENI Group of Italy  Annual capacity of million tons of oil  Completion date of 2013 EXPLORATION AND DRILLING  Explores and drills oil and gas in Turkmenistan  Partnership with Parker Drilling of USA  Holds oil and exploration licenses in Eastern Turkey and Thrace region REFINERY  Awarded the license to build a refinery and petrochemical complex in Ceyhan  Annual capacity of processing 10 million tons of crude oil and 2 million tons of petrochemicals, Budget of USD 6 billion ALBTELECOM 34

MEDIA  One of only two nationwide print distribution network in Turkey  5 regional offices (2 representative offices)  5 printing facilities  25,794 sales outlets (810 chain stores)  221 distributors  20% market share in TV & newspaper advertising  Lusail International Media Co., media affiliate of Qatar Investment Authority, is 25% shareholder of Turkuvaz GAP GÜNEYDOĞU TEKSTİL  GAP Güneydoğu is one of the world’s top ten suppliers of denim  The only rated textile company in Turkey with a local currency rating of BBB+ from Fitch  Active in the production of yarn, fabric, garment and home textiles  Manufacturing operations in Turkey, Turkmenistan and in Egypt  Majority of sales exported to North America, Europe, North Africa and East Asia  Top 3 export destinations are the USA, Italy and Spain  Customers include global names such as Diesel, Replay, Lee- Wrangler, Levi’s, Benetton, H&M, Calvin Klein, Tommy Hilfiger, Zara G-Star, Miss Sixty, M&S, Next, Esprit, Escada GAP İNŞAAT  GAP İnşaat ranked 176th in the “Top International Contractors” list of ENR magazine in 2010  Active in the construction of turnkey industrial plants, infrastructure and environmental projects, hospitals, hotels, schools, roads and museums  Cover Middle East, CIS and North Africa  Value of completed projects amounts to approximately USD 2.5 billion  Value of housing projects in the pipeline with a start date of late 2009 in Istanbul is around USD 750 million  Undertaking Turkey’s first urban transformation and renovation projects with private involvement in the heart of Istanbul  Tarlabaşı, Fener Balat ÇALIK MADEN  An extensive partnership with Anatolia Minerals in Turkish mining industry  Anatolia Minerals is based in the US and holds more than 100 licenses in Turkey  Çalık Maden buys into Çukurdere, a subsidiary of Anatolia Minerals  175,000 ounces annual production started in 2010  Cukurdere owns a gold mine in Erzincan with 6m ounces reserves 35

E-Kent in figures;  9 Million Population  3 million pre-paid cards  2,250 buses  650 tollgates  1000 top-up points and ticket boots  More than 1 billion transactions per year  2010 Revenues of USD E-KENT 36 ‘ Builds Urban Technologies ’ E-KENT IS A PROVIDER OF HIGH-TECHNOLOGY SOLUTIONS AND SERVICES FOR MODERN URBAN MANAGEMENT  Established in 2002 and since early 2008 E-Kent is a affiliate of Aktif Bank. it is Turkey's largest electronic fare collection operating company, and currently operates services in 11 residential area of Turkey  Provides modern and high-technology solutions for city life  Operates contactless card payment systems in public transportation  Services citizens, municipalities and private bus companies with advanced technology solutions and consulting  Expert in widespread field operations  Acquisition of E-Kent by Aktif Bank  Access to micro-payments market in transportation  Legitimization of cash receivables  Introduction of “city card” solutions 36

 Owned 100% by Çalık Financial Services  Active in Corporate and Retail Banking with market share of  17% in deposits  12% in loans  Second largest bank amongst 16 banks in terms of asset size as of September 30, 2011  Total Assets USD 1.8 billion  Deposits USD 1.56 billion  57 branches throughout Albania  22 branches in Kosovo  Captures 80% of trade activity between Turkey and Albania  In 2009, it was selected as the “Best Bank of the Year” and “Best Medium Sized Bank in CEE” by Finance Central Europe Magazine. In 2010, it was selected as the “Best Bank of the Year” by The Banker Magazine and awarded the “Quality Management Certificate” by Certiquality.  Rated AAA Stable by Japanese Credit Rating Agency (JCR) THE FIRST BANK WITH TURKISH CAPITAL TO HAVE INVESTED IN KOSOVO BEFORE THE INDEPENDENCE OF KOSOVO WAS DECLARED. 37