1 Bank Presentation April 2009

2 Çalık Holding BKT Aktif Bank

3 The leading investor in Turkey, Balkans and CIS One of Turkey’s most up and coming Groups with 19,000 employees in 12 countries  2007 Assets of USD 3.3 billion and Revenues of USD 1.3 billion  2008E Assets of USD 4.9 billion and Revenues of USD 1.7 billion Rated BBB on a National and B- on an International scale by Fitch 5th Turkish corporate issuing a Eurobond Reputable partnerships and cooperation with global brands  EBRD, IFC, ENI, EWE, Indian Oil, Mitsubishi, Kawasaki, Iberdrola, Qatar Investment Authority CONSTRUCTION Çalık Holding

4 Energy 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 11 licenses to construct hydroelectric, wind and thermal power plants with a total capacity of 900 MW in Turkey Utilities  Participates as an investor in Bursagaz and Kayserigaz with 10% stake in each company  Bursagaz and Kayserigaz services 850,000 households  In October 2008, Çalık Holding sold 39.9% of Bursagaz and Kayserigaz to EWE for a total price of USD 438 million (34x 2008E EBITDA)

5 Energy - Oil & Gas 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 million tons of crude oil and 2 million tons of petrochemicals  Budget of USD 8 billion

6 ALBtelecom Telecommunications  Owns 76% stake in Albania's Albtelecom  Turkish Telecom is a strategic partner with 20% share  Leading fixed line operator in Albania  265,000 subscribers with a potential of 1 million  30% penetration  Third GSM operator after AMC and Vodafone  300,000 subscribers  10% penetration

7 Newspaper 4 newspaper brands Sabah reaches 2.7m readers daily across Turkey and it is the #3 in terms of circulation Magazines 25 magazines Forbes and Para are the leading Business & Finance magazines in Turkey TV and Radio Broadcasting 4 TV and 2 Radio channels ATV is one of the leading all day and prime time broadcaster in Turkey Turkey’s Second Largest Media Group 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

8 GAP İnşaat Construction  GAP İnşaat ranked 162th in the “Top International Contractors” list of ENR magazine in 2008  Active in the construction of turnkey industrial plants, infrastructure and environmental projects, hospitals, hotels, schools and roads  Cover Middle East, CIS and North Africa  Value of completed projects amounts to approximately USD 1.7 billion  Value of housing projects in the pipeline with a start date of late 2009 in İstanbul 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

9 GAP Güneydoğu Tekstil Textiles  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  Retail market expansion through Cherry Tree brand in Russia in partnership with Lee and Wrangler

10 Çalık Holding BKT Aktif Bank

11 Banka Kombetare Tregtare Financial Services  BKT is the only bank operating as an Albanian brand in Albania  Active in Corporate and Retail Banking with market share of  14.8% in deposits  9.1% in corporate loans  7.9% in retail loans  Owned 60% by Çalık Holding, 20% by IFC and 20% by EBRD  Third largest bank amongst 15 banks as of year end 2008  Total Assets USD 1.2 billion  Deposits USD 1. 1 billion  56 branches throughout Albania  11 branches in Kosovo  Captures 80% of trade activity between Turkey and Albania  Selected the “Best Bank of the Year” and “Best Medium Size Bank in CEE” in 2008 by Finance Central Europe Magazine  Rated AAA by Japanese Credit Rating Agency (JCR)

12 Çalık Holding BKT Aktif Bank

13 Aktif Bank at a Glance Healthy Balance Sheet  Growing asset base  Strong equity capital  Low leverage ratio  High liquidity ratio  Ample capital adequacy Dynamic Culture  Average age of 32  186 employees  Reputable award winning management Committed Shareholder  Continuous support by Çalık Holding  Cash equity injection of USD 60 million  Capital commitment plan until 2012 International Recognition  National Rating of A- by JCR  Diverse correspondent banking network Prudent Lending Policy and Disciplined Approach to Risk Management  Well managed loan portfolio  Loan/equity ratio of %  Good asset quality  Remarkable NPL ratio of 0.04%  Low interest rate risk  Short maturity loan profile  82% of loans revolving  Fully hedged foreign currency position  Risk based follow up policy 46% 68.8% 35.6 %

14 Interest Income Note: IFRS consoilidated audited results USD/TRY Total Assets Financial Highlights (TRY millions) %130 %40 %117 (TRY millions)

15 Equity Advantage High Cash EquityAbundant Capital Well Capitalized (TRY millions) %69 Equity /Total Assets

16 New Face of the Turkish Banking System Four Pillar Strategy  Direct Banking  Electronic and physical alternative delivery channels  City Banking  Local operations in Bursa, Kayseri and Gaziantep  Automatic fare collection in public transportation  Corporate Banking  Specialized products and services  Medium sized companies, small enterprises and municipalities  Regional Banking  Banking know-how transfer to less developed markets  Further expansion into Balkans, Eastern Europe, Arabian Peninsula and North Africa Car loans through dealers Mortgages through real estate agents and sales offices Consumer loans through web, IVR, SMS and Aktif Points Cash transactions through post offices Document management by support companies

17 Credit Desicion System Pre Validation Credit Bureau Validation Final Analysis Cross Check 17 Customer Database Central Bank Credit Bureau Delivery Channels City Card Collection Offices Ticket Machines Merchants Ticket Boots Top up Points Consumer Loans Car Loans Mortgages Retail Banking - Credit Factory Delivery Channels Products

18 E-kent Turkey’s largest Automatic Fare Collections (AFC) Company in transportation  Operates contactless card payment systems  Installs AFC hardware and provides maintance support Acquisition of E-kent by Aktif Bank  Access to micro-payments market in transportation  Legitimization of cash receivables  Introduction of “city card” solutions 3 Million Population 4 cities 1,560 buses 220 tollgates 2008 Revenues of TRY 500 million 1.5 million pre-paid cards 553 top-up points and ticket boots E-kent’s AFC Business Model

19 Corporate Banking Strategies City Banking  Cash Management Services  Receivables management  Card collection systems  Subscriber collection systems  Salary payments Trade Finance  Tailor made solutions to Group companies and other trade clients  Focus on facilitating trade between Turkey, Albania and Kosovo Project and Corporate Finance  Advisory on energy efficiency, M&A, strategic partnerships, restructuring, regional development and industrial strategies  Project feasibility, business plan and investment evaluation Liaison Office Services  Logistics support, sector and company information/analysis, business model and risk assessment, collateral valuation, loan monitoring

20 MarchAprilMayJuneAugustSeptemberOctoberDecember Approval for membership to the common point for debit/credit /ATM cards obtained Acquisition of E-kent Kayseri AFC tender won Change of legal name to Aktif Bank Relocation to new Head Quarters Core banking module, being developed in- house, in production 2nd branch opening in İstanbul JCR assigns A- National Rating to Aktif Bank AFC operations start in Gaziantep Call centre ready to start operations Equity injection of USD 60 million 2008 Event Highlights Membership to Interbank Card Center obtained

21 Record Performance Since the Start of Re-Structuring At the end of 7 Years At the end of 21 Months Change Loans (Cash and Non-Cash) 172,700473, % Number of Customers % Number of Loan Customers % Non- Group % Group % Number of Customers with Existing Lines in Their Favour % Non- Group % Group % Number of Employees % Number of Branches (1) % Number of Subsidiaries % Number of Operations Transactions 10,65031, % Foreign Trade 350 1, % Loans 2,400 5, % Local Money Transfers 7,900 24, % (1) As of March 2009, 3 branches are operational. Two more branches will be opened during the course of 2009.

22 Aktif Bank Operations USD thousands Total Assets 270,000 Shareholders’ Equity 107,000 Loans 200,000 Retail Loans 70,000 Corporate Loans 130,000 Net Income 3,300 Aktif Points 17,000 Number of Branches 5 Number of Employees 290 E-Kent Operations Revenues USD 550 million Number of Cities 12 Number of Transportation Cards 2,500,000 Number of City Cards 450,000 Number of Top-up Points and Ticket Boots 1,200 Market Share %18 Number of Employees Outlook

23 Our Vision is to become the “Local Global” CIS Middle East The Balkans North Africa

24 Interbank Card Center International Chamber of Commerce Credit Bureau of Turkey Foreign Economic Relations Board Institute of International Finance Association of National Development Finance Institutions in Member Countries of The Islamic Development Bank Banking Association for Central and Eastern Europe International Association for Public Transport Memberships

25 Organizational Chart

26 Financial Institutions Team Özlem Özün Head of Financial Institutions Group

27 Disclaimer: The contents of this document are provided here for informational purposes only and may not be up to date or fully state all the relevant facts, therefore no warranty, express or implied, is given as to the accuracy thereof and neither Aktif Bank nor any of its affiliates, administrators, directors, or employees shall be liable for any consequences which arise as a result of the use of, or reliance on, the contents and any associated material by you or any third party to whom you supply, copy, send or distribute the contents and any associated material including but not limited to loss of profit, loss of data and information, business, revenue, contracts, reputation or goodwill or any other expenses, costs and damages whether direct or indirect and whether reasonably foreseeable or not. This document is confidential and no portion of the contents herein may be copied, distributed, or reproduced in any form or by means without prior written consent of the Financial Institutions of Aktif Bank.