Operating with a mission of creating value in all segments of business, Akfen Holding is a leading infrastructure developer contributing to the economic and social development of Turkey by paving the way for the establishment of new lines of business, thanks to its pioneering investments in areas showing high and sustainable growth potential in the long term.

Having established its first company in 1976, Akfen gained holding status in the year 1999 and eventually became one of Turkey’s top infrastructure investment holdings. Following its recent restructuring Akfen Holding invests in, manages and coordinates its affiliates Akfen Renewable Energy, Mersin International Port, TAV Construction, Istanbul Fast Ferries (IDO), Akfen REIT, Akfen Water, Acacia Mining and Akfen Thermal Energy that are active in renewable enegy, port operations, airport construction, marine transport, real estate, mining, water distribution and waste water services industries.Other Akfen affiliated companies are active in construction, real estate and insurance and brokerage services.

In line with its growth plans, Akfen Holding places great emphasis on creating new lines of business, and takes an active approach in managing its portfolio accordingly. Thanks to its extensive experience in asset trade, the Company uses the resources obtained through sales to both enter into new sectors and to create funding for its existing investments.

As in the past, Akfen Holding is committed to carry this vision into the future by developing new lines of business with new investments, as part of its efforts to create employment and contribute to the development of Turkey’s economy while creating value to its shareholders.

OURSIGNATURE

AKFEN HOLDING

/AkfenHoldingAs

/AkfenHoldingAs

/AkfenHolding

/AkfenHoldingAs

/Akfen-Holding

www.akfen.com.tr

66.67% 216 EBRD, IFC

Share%

Number ofEmployees Partner

AKFEN ALTYAPI DANIŞMANLIK (AKFEN INFRASTRUCTURE CONSULTANCY)

AKFEN CONSTRUCTIONThe flagship of Akfen Infrastructure, Akfen Construction, being the longest established company under Akfen umbrella, has so far completed projects with a total contract value above US$2bn, in the field of infrastructure and superstructure investments. The company has been taking the tradition of being a player in the infrastructure construction sector to the next level with investments in the real estate sector, and with Public-Private Partnership (PPP) and dormitory projects since 2015. Akfen Construction, along with its completed and on-going hydroelectric power plant, hotel and housing projects, airport terminals, natural gas pipelines and hotels, started to add expertise-requiring projects such as hospitals to its construction know-how. Akfen Construction successfully completed and delivered the Isparta City Hospital among the three city hospital projects and while continuing the construction of the hospital in Eskişehir, it is also preparing to start the construction of the city hospital in Tekirdağ. Akfen Construction reinforced its role as an active player in the housing sector with Bank of Provinces Kızılcaşar, Bulvar Loft bid.

IBS INSURANCE & REINSURANCE BROKERAGEIBS started its operations in Turkey in 1997 as licensed broker and uniquely positioned as the only viable Turkish (re)insurance broker with a Lloyd’s broker (UIB) equity partner. IBS provides risk analysis and consultancy services in insurance and reinsurance to companies in over 120 countries worldwide. Its head office is in Istanbul and regional offices are based in Ankara and Mersin.

TRAVELEXTravelex, that conducts foreign exchange trading business in Turkey’s major airports 7/24, was founded as Artı Foreign Exchange in 2000 as a Tepe-Akfen-Sera (TES) partnership. In May 2014, 75% of Artı Foreign Exchange was sold to Travelex for USD 41 million.

Akfen Renewable Energy aims to play an active role in filling Turkey’s energy gap, an important factor in the country’s efforts to realize its future goals, using national and renewable energy resources. Currently, the total operational capacity of the renewable energy portfolio amounts to 245 MW, while a total of 327 MW is under/prepared for construction. For the medium and the long term, the company targets to create a new platform consisting of1,000 MW installed capacity of wholly domestic and renewable resources.

Being Turkey’s first private sector water and wastewater management company, Akfen Water broadened its experience in Güllük municipality and Dilovası Organized Industrial Zone’s wastewater treatment works. Akfen Water added the waste management business to its operations, currently serving IDO, MIP and 3 hospital PPP projects.

Asya Maden was founded in 2007 with the purpose ofmining copper and it operates since 2011. In June 2016, Akfen Mühendislik acquired a 30% stake, which is now, after the merger, under Akfen Holding. The company has 8 licences and permits, the total area of the licences amount to 14,000 hectars. Gökırmak Project due to completed in 2018 will be the 2nd largest copper mine in Turkey.

AKFEN RENEWABLE ENERGY

10% 1,719 PSA,IFM Investors

Share%

Number ofEmployees Partner

Akfen and PSA, the former with a 41 year background in infrastructure and the latter being the largest port operatorin the world with a 44 year experience, joined forces to create MIP, the biggest port in terms of import export and second biggest one in container handling volume in Turkey.With a berth capacity of 2.6 million TEU, MIP continues its port development activities with an eye to becoming the international transfer hub of the Eastern Mediterranean.

MERSIN INTERNATIONAL PORT (MIP)

21.68% 1,596 Tepe, Sera, Sens

Share%

Number ofEmployees Partner

With the total value of the projects it has undertaken amounting to 19 billion dollars up until now, TAV Construction attained second place in the 2017 ranking of the Engineering News Record, one of the sector's most respected publications, thus taking its place as one of the three biggest companies in the world airport construction category during the last five years.

TAV CONSTRUCTION

30% Tepe, Souter, Sera

Share%

1,545

Number ofEmployees Partner

Having a large fleet of 54 sea vessels, IDO is among the leading maritime transport companies across the world providing vehicle and passenger transportation services between its 35 piers and on 15 lines to important transportation points around Istanbul and the Marmara Sea. With a transportation capacity of 37,000 passengers and around 3,000 vehicles İDO also offers food & beverage services on its vessels, terminals and land facilities.

ISTANBUL FAST FERRIES (IDO)

56.88% 22

Share%

Number ofEmployees

With a portfolio of 20 hotels, Akfen REIT, specialized in contemporary city hotel project development and construction, reflects select examples of modern urban hotel experience in the hotels that it brings to life. Turkey’s first ever hotel REIT, Akfen REIT is also bringing its specialized projects to Russia with a strategic partnership with the international hotel chain operator Accor. Additionally,in November 2017 Akfen REIT added a real estate projectin Ankara (“Bulvar Loft”) to its portfolio.

AKFEN REIT

99.64% 1

Share%

Number ofEmployees

Akfen Holding engages in thermal energy investments through its company Akfen Thermal Energy to reinforce its presence in Turkey’s energy infrastructure and diversify energy production resources in a balanced manner in order to ensure sustainable electricity production.

ACACIA MINING

AKFEN ENVIRONMENT & WATER

AKFEN THERMAL ENERGY

50% Kardan

Share%

47

Number ofEmployees Partner

30% llbak MadencilikIzbir Maden

Share%

103

Number ofEmployees Partner

2,913Houses

OperationalRevenues

TL 1.2 billion

2,516 Beds