1. PERIODIC ANALYST INFORMATION MEETING April 7, 2010

2. Agenda  Economic Developments in Turkey and in the World  Automotive Sector in Turkey and in the World  Doğuş Otomotiv in 2009  Expectations and Objectives

3. Global Macroeconomic Outlook in the Year 2009 The effects of the crises in all economies Signs of recovery in the second half of 2009 High unemployment rates Global comprehensive monetary and financial incentive programs Increasing public debt in developing countries Ending of the interest rate reduction in the last quarter

4. Global Macroeconomic Outlook in the Year 2010 Expectations Signals of normalization in the world economy Improvement in global risk perception Normalization trends in financial markets Uncertainties in the rate of recovery and sustainability Overview Slow and gradual recovery in the economy Optimism in global financial markets Gradual increase in oil prices Improvement in global liquidity conditions and risk perception Expectations

5. Macroeconomic Outlook Turkey 2009 Year of Crisis Contraction in aggregate demand Decline in inflation Central Bank interest rate reductions and their effects Incentive packages and their effects Relative improvement in current account balances The crisis was appropriately managed Strong financial sector The impact of regulatory reform after the 2000/01 crisis Low household debt ratio

6. Macroeconomic Outlook Turkey in 2010 Expectations Gradual recovery in the economy Increase in private consumption expenditure Expectation of poor recovery in external demand (Euro Area) Moderate upward trend in industrial employment Reduction of expansionary effects of fiscal policy to continue The crisis was appropriately managed  Strong financial sector  The impact of regulatory reform after the 2000/01 crisis  Low household debt ratio

7. (*) Global Insight estimates Number of employees within the industry worldwide EMPLOYMENT 50 Million Production 2009 59.2 mn Quantity * Total Turnover 2008 €1.8 Trillion Global Automotive Sector Automotive Industry in the world

8. Status of our brands in the world TOTAL WORLD Market Share %10 SALES (UNITS)20092008CHANGE VOLKSWAGEN 4.315.960 4.170.108 PASSENGER VEHİCLE 3.954.454 3.667.843%7,8 LIGHT COMMERCIAL VEHICLE 361.506 502.265%-28,0 PORSCHE75.23898.652%-23,7 AUDI 949.729 1.003.469%-5,4 BENTLEY 4.616 7.604%-39,3 LAMBORGHINI 1.515 2.430%-37,7 BUGATTI 50 71%-39,3 SEAT 336.683 368.104%-8,5 SKODA 684.226 674.530%1,4 SCANIA43.44330.527%4,3 VOLKSWAGEN GROUP TOTAL6.411.4606.355.495%0,9 TOTAL EUROEPAN Market Share %20 Source : VWAG

9. 600.000 500.000 400.000 300.000 250.000 100.000 550.000 450.000 350.000 200.000 150.000 50.000 0 Wholesale MarketPVLuxury Segment LCVHCV Automotive Sector of Turkey in the Year 2009 Souırce ODD Wholesale Heavy Commercial Vehicles Souırce : Scania Luxury Segment Brands : Audi, BMW, Mercedes, Volvo, Alfa Romeo, Land Rover, Jaguar, Porsche, Ferrari, Maserati, Bentley, Lamborghini, Saab 516.395 564.416 368.759 307.214 20.029 188.954 20.227 %-3 %9 %20 %36 %-42 December 2008 December 2009 27.253 188.880

10. Turkey Automotive Sector Growth potential, has not yet reached saturation in the domestic market Ease of access to growing regional markets Banking system Qualified Human Resources in production, management and service Strong supply industry Young population

11. Doğuş Otomotiv - 2009 Performance Sales (Quantity)* DOAŞ Market Share Second Hand Sales (Quantity) 50.789 %8.9 10.746 55.307 %10.6 13.125 (%8) (%17) Net Sales (mn TRY) Net Profit (mn TRY) Net Profit Margin 2.129 30.5 %1.4 2.144 (110) (%5.1) (%1) %128 20092008ChangeMarket Performance* * Wholesale quantity. Skoda,Scania, Krone and Meiller sales are included. ** Capital Markets Authority (SPK) data Financial Performance**20092008Change

12. 2010 Expectations Total Market520 K – 530 K DOAŞ Sales52 K – 53K DOAŞ Market Share10% DOD Second Hand Sales13.000 DOAŞ Turnover(*)2 – 2,5 billion TRY (*)Doğuş Otomotiv 2010 not consolidated expectations.

13. Total 16 launch in 2010! 20092010 New Polo Transporter Golf R, Touareg, Touran Amarok Q5 A5 Sportback A5 Cabriolet A8, RS 5, A1, R8 Spyder, TT PI Cayenne Diesel Panamera Panamera, 911 Turbo, 911 GT3 RS, 911 GT3 Cup, 911 Sport Classic Gallardo LP 550-2LP 550-2 Exeo EGR Euro 4 R Serisi Mulsanne

14. 2009 Financial Results I Net Sales Gross Profit Gross Profit Margin Operating Expenses EBIT EBIT Margin Net Profit Net Profit Margin 2.129 302 14,2% 224 78 3,6% 30,5 1,4% (1%) 4% (16%) 244% 128% CMB * (mn TRY)20092008Change 2.144 291 13,6% 268 23 1,1% (110) (5,1%) Sales(Unit) 50.789 55.307 (8%) (*)Capital Markets Board of Turkey

15. 2009 Financial Results II CMB (mn TRY)20092008Change Sales & Marketing Expenses (84,46)(117,93) (28%) General and Administrative Expenses (121,16) (133,26) (9%) Financing Expenses (40,36)(121,94) (67%) Share in result of Associates& JV 4,14(36,08) 111%

16. 2009 Financial Results III CMB (mn TRY) 20092008Change Cash and Cash Equivalents Accounts Receivable Stocks Total Operating Capital 30 154 293 478 74 117 653 845 (59% ) 31% (55%) (43%) Financial Obligations Accounts Payable 431 217 308 746 (40%) (71%)

17. Doğuş Otomotiv / Value Chain 2010 Import and Distribution Yüce Auto* Centre of Logistics Doğuş Otomotiv Independent Authorized Dealers Retail DOD Used Vehicle Sales Automotive Financing* Insurance* Leaseplan* Insurance* Finance Krone* Meiller* Product TÜVTURK* Other Investments Quick Fix to all Brands Replacement Parts and After Sales Services * Subsidiaries ** Representative Offices **

18. International Retail Investment – D-Auto Suisse SA

19. PERIODIC ANALYST April 7, 2010 INFORMATION MEETING