Airport Show, 20136-8 May 2013Dubai International Convention and Exhibition Center

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Overview

Infrastructure Developments

Potential Future of ISG

Table of Contents

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Overview Current shareholders as renowned infrastructure operators

40% 20%

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One of the top-tier and most prestigious Turkish conglomerates with various construction and infrastructure projects in Turkey and abroad.

One of the fastest growing infrastructure enterprises from India with interests in Airports, Energy, Highways and Urban Infrastructure sectors.

Has vast experience in airport operations and has a long track record of driving efficiency gains around the world.

40%

- All the shareholders have significant reputational considerations to make SAW a success and will provide support as necessary.

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Overview Terminal – 25 million passenger capacity

Customer oriented service

Superior on time performance

Shorter taxi in/out and ground times

International and Domestic terminals under same roof

Short walking distance for all passengers, easy transit process

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Overview Terminal – Check-in

112 check-in desks30 self check-in kiosks

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Overview Terminal – Airside

Multi aircraft parking system, allowing simultaneous service to;• 8 wide body aircrafts (IATA code E) or• 16 narrow body aircrafts (IATA code C)

40 remote position park place (total:56 parking lots)

10 additional parking positions are under construction

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Overview Terminal – Inside Facilities

Duty Free:

5,050 sqm duty free area

Food & Beverage:

6,500 sqm well known domestic and international

cafe & restaurants

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Overview Terminal – Lounges

CIP Lounges:

open to all passengers

1 in domestic & 1 in international airside

Other Lounges:

2 bank lounges in domestic airside

1 bank lounge in international airside

available free lounge area of 1,500 sqm

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Overview Terminal – Outside Facilities

Carpark:

4 storey

capacity of 4,718 vehicles and 72 buses

Valet parking

Easy access from/to terminal building

General Aviation Terminal:

separate terminal

exclusive service

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Overview Terminal – Airport Hotel

128 rooms

Direct entrance from Terminal building

Landside and airside entrance

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Overview Highly attractive hinterland

Positioned at the Asian-side of Istanbul, amongst four most developed industrial cities with the highest GDP /capita

Catchment area of 19 million population

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Overview Strategic location

14 million population living in İstanbul, with 5 million in Asian side, further 5 million in the surrounding cities of Bursa, İzmit and Sakarya

41.2% of 306.235 companies in Istanbul are located in Asian side

There are 17.491 International companies in the catchment area

International companies are moving their headquarters to Asian side, closer to industrial centers…

A new finance center of Turkey is developing in Ataşehir, 15 minutes from SAW

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Overview ISG caters to a much wider catchment area than just the Asian side of Istanbul

While 53% of the ISG passengers live on the Asian side of Istanbul, 30% live on the European side and theremaining in other Turkish cities or abroad.

%

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30

21

12

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İstanbul - OtherAnatolian Side

İstanbul -European Side

İstanbul - İSGPrimary

Catchment Area

Outsideİstanbul

Abroad

%

34

31

17

13

5

İstanbul - OtherAnatolian Side

İstanbul -European Side

İstanbul - İSGPrimary

Catchment Area

Outsideİstanbul

Abroad

Residences / Offices of Current Travellers

Residence Office

Primary Catchment Area: Kartal, Maltepe, Pendik, Sultanbeyli.Secondary Catchment Area: Ataşehir, Beykoz, Kadıköy, Ümraniye, Üsküdar.

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Overview ISG – has recorded significant growth

ISG registered a CAGR of 68% between 2004 and 2012 making it one of the fastest growing airports in the world

2004 2005 2006 2007 2008 2009 2010 2011 20120

2,000

4,000

6,000

8,000

10,000

12,000

14,000

16,000

448 747 1,192 1,569 2,0923,933 4,572 5,121

549 2,0952,529 2,790

4,548

7,6659,117

9,752

234997

2,8423,721 4,359

6,640

11,598

13,68914,873

Passenger ('000s pax)

International Domestic Total

New Terminal started in November 2009.

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Overview Istanbul & ISG air traffic characteristics - passenger

('000 pax) 2004 2005 2006 2007 2008 2009 2010 2011 2012 CAGRSAW 234 997 2,842 3,721 4,359 6,640 11,598 13,689 14,873 68%International 224 448 747 1,192 1,569 2,092 3,933 4,572 5,121 48%Domestic 10 549 2,095 2,529 2,790 4,548 7,665 9,117 9,752 136%Ataturk 15,601 19,293 21,266 23,196 28,553 29,813 32,144 37,395 44,999 14%International 10,170 11,781 12,174 13,600 17,069 18,396 20,343 23,973 29,717 14%Domestic 5,431 7,512 9,092 9,596 11,484 11,417 11,801 13,422 15,281 14%Istanbul 15,835 20,290 24,108 26,917 32,912 36,453 43,742 51,084 59,871 18%International 10,394 12,229 12,921 14,792 18,638 20,488 24,276 28,545 34,838 16%Domestic 5,441 8,061 11,187 12,125 14,274 15,965 19,466 22,539 25,034 21%SAW Market Share 1.5% 4.9% 11.8% 13.8% 13.2% 18.2% 26.5% 26.8% 24.8% International 2.2% 3.7% 5.8% 8.1% 8.4% 10.2% 16.2% 16.0% 14.7% Domestic 0.2% 6.8% 18.7% 20.9% 19.5% 28.5% 39.4% 40.4% 39.0% 

2004 2005 2006 2007 2008 2009 2010 2011 20120.0%

10.0%20.0%30.0%40.0%50.0%

SAW Market Share in Istanbul

Total International Domestic

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Overview International routes to drive future growth

ISG has exhibited a strong growth in domestic network – all major domestic routes are already served by ISG

Going forward, International route network to drive the growth at ISG – more than 150 international routes are serviced by Ataturk currently

Domestic International

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90

2008 2009 2010 2011 2012

Routes Established

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Overview Destinations

INTERNATIONAL DESTINATIONS

Aktau – Alexandria- Almaty -Amman -Amsterdam –Bahrain- Baku- Barcelona- Basel- Batumi- Beirut Belgrade- Berlin-Schoenefeld -Berlin-Tegel- Bologna Brussels- Bucharest- Cairo- Casablanca- Charleroi Chimkent- Chisinau -Cologne -Copenhagen Damascus- Donetsk –Dortmund- Dubai- Dusseldorf Eindhoven –Frankfurt- Graz- Groznny -Hamburg Hannover- Isfahan- Islamabad -Jeddah -Kharkov Khmelnitsky- Kiev- Krasnodar -Kuwait City- Lefkosa-Ercan- London – Stansted- London-Gatwick London-Luton –Lviv- Madrid –Makhachkala- Manchester Marseille- Milan-Bergamo -Mineralnye Vody Moscow –Munich- Mykonos- Nakhchivan- Nalchik Nikolayev- Nuernberg- Omsk -Paris-Orly- Pristina Riyadh –Rome- Sfax- Sharjah- Shiraz- Skopje- Sochi Sofia- St. Etienne (Lyon)- Stavropol -Stockholm-Arlanda- Stuttgart –Tbilisi- Tebriz- Tehran -Tel Aviv Tripoli -Urmieh -Venice –Vienna- Vladikavkaz- Zurich Zweibrücken

DOMESTIC DESTINATIONS

Adana – Alanya – Ankara – Antalya – Balıkesir/Körfez – Batman – Bodrum – Çanakkale – Dalaman – Diyarbakır – Elazığ – Erzincan – Erzurum – Gaziantep – Gökçeada – Hatay – İzmir – Kars – Kayseri – Konya – Malatya – Mardin – Samsun – Sivas – Şanlıurfa – Tokat – Trabzon - Van

3rd Busiest Airport of Turkey

2nd Busiest

Domestic Airport of

Turkey

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Overview High load factors while maintaining our huge growth

2008 2009 2010 2011 2012

74%

78%

77% 77%78%

Domestic LF

2008 2009 2010 2011 2012

71%

70%

71%

74%75%

International LF

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Overview Socio-economic profile of ISG passengers keep improving

While A/B segment passengers made up 37% of the passengers three years ago, they now make up 54% of the passengers

DE%1

C2%8

C1%54

B%15

A%22

DE%3

C2%8

C1%36

B%27

A%27

S.E.S(1) Profile Distribution in ISG (2009) S.E.S(1) Profile Distribution in ISG (2012)

(1): Socio-Economic Status (SES) is is an economic and sociological combined measure of an individual's /family’s economic and social position in relation to others, based on income, education, and occupation SES groups typically have 6 categories (A-highest to E-lowest). A and B groups typically represent higher income and education groups (e.g. White collar managers or employers with min 5 employees), C1/C2 represent mid-class workers up to high-school education, whereas D/E groups are typically rural workers or low-skill labor with lower education

Note: Distribution of SES groups in Turkish population is as follows: A:4%, B:9%, C1:22%, C2:29%, D:28%, E:9%

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Overview Achievements and awards

Fastest growing airport in the world in 2009 & 2010 (54% & 75% passenger growth)

Repeatedly honoured with awards

• Super brands (2013)• IFC top ten PPP project awards (2013)• Best Terminal Award from Voyager Magazine Readers (2012)• Routes Europe – Best Marketing Award (2012)• Routes Europe – Excellence in Airport Marketing Award (2010 &

2011)• Euro Annies (anna.aero) – Passenger Growth Award (2009 & 2010)• World Low Cost Airlines Congress – Best Airport Award (2010)• Turkey’s most successful Tourism Investment Award (2010)

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Overview Among the safest &green places in the world

The U.S “Risk Management” magazine, one of the most prestigious magazines of US, defined Istanbul Sabiha Gokcen International Airport as one of the five safest places in the world.

ISG has been recognised in the Engineering category of Popular science magazine’s 2010 Best of “What’s New"Awards .The largest earthquake-ready structure in the world Sabiha Gokcen has been honoured second place after Burj Khalifa.

ISG has been titled as Turkey’s first Barrier-Free Airport.

ISG has earned “Green Company” title within the context of “Green Airport Project” from the Civil Aviation Authority on May 2012.

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InfrastructureDevelopments Connectivity - easy access by public transportation

Metro Highway Seaway Railway Public buses

InfrastructureDevelopments Connectivity - travel distances from city center to airports

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Ataturk Airport

3rd Airport

ISG Airport

Taksim

55 km

21.3 km

40.8 km

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InfrastructureDevelopments Connectivity – Marmaray & metro connections to ISG

Travel time from European side to ISG to be reduced to 40 mins from ~100 mins currently thereby increasing passenger potential

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InfrastructureDevelopments Connectivity - EURASIA

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InfrastructureDevelopments

Connectivity - Istanbul rapid transit network

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InfrastructureDevelopments

Connectivity – Izmit gulf bridge

Bursa & YalovaFerry lines from various points, takes 1.5 hours in total from Bursa İzmitHAVATAŞ and Akmis Shuttle Buses, 30 minutes İzmit Gulf Bridgeto connect two sides in 2015 – saves almost 1 hour by car (Currently about 2 hours)

Bursa recently passed 3 million inhabitants

The bridge, which is finishing in 2 years time, will shorten the road to Bursa with the newly built highway. (1 - 1.5 hour)

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Airport City Project will Increase Demand

Residences, Schools, Hospital and a technology base (Technopark)

Technopark Istanbul is a research, development, science and technology project to be carried out by the Undersecretariat of Defense Industries

Going to be built just 1 km away from the airport

The project will create an employement of 35,000 with more than 900 companies

Potential Future of ISG

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Flights per capita

Potential Future of ISG

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Potential Future of ISG Possible Destinations with Narrow Body Aircrafts

.

3000 NM

111 Countries

3.1 billion people

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Potential Future of ISG Possible Destinations with Wide Body Aircraft

ANCHORAGE – ALASKA4683 NM

VENCOUVER - CANADA5205 NM

SANTIAGO - CHILE7086 NM

CAPE DOWN - SA5200 NM

TOKYO - JAPAN4864 NM

HITO - HAWAI7170 NM

SYDNEY - AUSTRALIA8092 NM

Range8000-8200 NM

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ISG near term traffic forecast passengers (2012 to 2016)

2012 A 2013 2014 2015 2016

5,120,5258,305,084 9,873,496 10,715,720 11,931,259

9,752,385

9,901,77711,242,597

12,379,82212,926,690

International Domestic

Traffic growth is expected to continue going forward as a result of increase in national air passenger number, increase in fleet of Pegasus &THY and increase in interest of foreign carriers in ISG.

The above forecast is based on total 20 based aircraft by 2016 by THY. According to the latest public announcements by THY the number of based aircraft will be significantly higher.

Potential Future of ISG

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Airside capacity to go grow beyond 50 mpax with the second runway by 2015

Potential Future of ISG

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Potential Future of ISG

Sabiha Gökçen Airport potential future capacity

ISG will reach to beyond 50 million capacity with the extensions to existing ‘33 million capacity terminal’ and will have an additional 30 million terminal capacity with the satellite terminal construction in the midfield area with 151 parking stand.

60 mln pax capacity60 mln pax capacity

30 mln pax capacity

2 Independent parallel runways

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