1. A MIXED- USE DEVELOPMENT OPPORTUNITY IN THE RISING AYAZAĞA DISTRICT OF ISTANBUL Confidential and Property of Permak Group 2013

2. A MIXED- USE DEVELOPMENT OPPORTUNITY IN THE RISING AYAZAĞA DISTRICT OF ISTANBUL Content Şişli / Ayazağa (will join Sarıyer borough starting from 30 March 2014) Subject Land and Neighborhood developments Construction area Breakdown and Scenarios

3. A MIXED- USE DEVELOPMENT OPPORTUNITY IN THE RISING AYAZAĞA DISTRICT OF ISTANBUL AYAZAĞA Location

4. A MIXED- USE DEVELOPMENT OPPORTUNITY IN THE RISING AYAZAĞA DISTRICT OF ISTANBUL AYAZAĞALocation Subject Property

5. A MIXED- USE DEVELOPMENT OPPORTUNITY IN THE RISING AYAZAĞA DISTRICT OF ISTANBUL

6. AYAZAĞA – New Developments

7. A MIXED- USE DEVELOPMENT OPPORTUNITY IN THE RISING AYAZAĞA DISTRICT OF ISTANBUL VADİ İSTANBUL VADI ISTANBUL Area (sqm) Total Land 424.000 Function Office 225.000 Hotel 62.500 Mall + Retail 94.000 Residential 720.000 Unit Sales Price3.100-3.750 USD /m2

8. A MIXED- USE DEVELOPMENT OPPORTUNITY IN THE RISING AYAZAĞA DISTRICT OF ISTANBUL SKYLAND SKYLAND ISTANBUL Area (sqm) Total Land 46.000 Function Office 100.000 Hotel 55.000 Mall + Retail 90.000 Residential 100.000 Unit Sales Price3.500 USD /m2

9. A MIXED- USE DEVELOPMENT OPPORTUNITY IN THE RISING AYAZAĞA DISTRICT OF ISTANBUL TARGET LAND AND NEIGHBOURS

10. A MIXED- USE DEVELOPMENT OPPORTUNITY IN THE RISING AYAZAĞA DISTRICT OF ISTANBUL TARGET LAND AND NEIGHBOURS

11. BASIC FACTS ABOUT THE PROPERTY Zoning Ordinance – Construction Area  FAR Ratio:1,2  Net Lot: ~50 % of the Gross Sqm  Construction Permit: 1,2 x 60 % of the Gross Sqm  Additional Construction Permit: If the net sqm of the lot is > 10.000 m2 then 20 % > 20.000 m2 then 40 % > 30.000 m2 then 60 % > 50.000 m2 then 80 % Subject Property Lot Size: 11,000 m2 Sales Price: 16,500,000 US$ (1,500 US$/m2) Subject Property

12. A MIXED- USE DEVELOPMENT OPPORTUNITY IN THE RISING AYAZAĞA DISTRICT OF ISTANBUL Zoning Ordinance – Construction Area  FAR Ratio:1,2  Net Lot: 50 % of the Gross Sqm  Construction Permit: 1,2 x 60 % of the Gross Sqm  Additional Construction Permit: If the net sqm of the lot is > 10.000 m2 then 20 % > 20.000 m2 then 40 % > 30.000 m2 then 60 % > 50.000 m2 then 80 % TARGET LAND AND NEIGHBOURS

13. A MIXED- USE DEVELOPMENT OPPORTUNITY IN THE RISING AYAZAĞA DISTRICT OF ISTANBUL Zoning Ordinance – Function  Education – Information – Technology: 70 % - Office  Tourism – Commercial – Residence: 30 % - Residence + Retail + Hotel TARGET LAND AND NEIGHBORS

14. 14 Cityİstanbul BoroughŞişli Gross land area, m211,000 Net land area, m²5,500 Land subject to public common share1,100 Gross Land Area, sqm11,000 Remainin land after5,500 Residual Land50% Total Net Land Area (m²)5,500.00 Alternative 1Alternative 2Alternative 3 Habitable gross total construction area,sqm Type of UseOfficeResidentialOffi ceResidentialOfficeResidential Floor Area550 850 Habitable gross total construction area,sqm6,9302,8518,3163,42111,9755,132 Average Unit Size550130550130850100 Number of units132215261451 Need for carpark according to regulations 1 for every 50 sqm of office 1 for every unit 1 for every 50 sqm of office 1 for every unit 1 for every 50 sqm of office 1 for every unit Total Number of Car park need139221662624051 Total Area of Car parks3,4655484,1586585,9881,283 Habitable Residential Construction above ground, sqm 2,851 Habitable Commercial Construction above ground, sqm 6,930 Habitable Residential Construction above ground, sqm 3,421 Habitable Commercial Construction above ground, sqm 8,316 Habitable Residential Construction above ground, sqm 5,132 Habitable Commercial Construction above ground, sqm 11,975 A MIXED- USE DEVELOPMENT OPPORTUNITY IN THE RISING AYAZAĞA DISTRICT OF ISTANBUL