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Bank PresentationApril 2009

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Çalık Holding

BKT

Aktif Bank

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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 HoldingÇalık Holding

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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 50-70 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 10-15 million tons of crude oil and 2 million tons of petrochemicals

Budget of USD 8 billion

Turkey

Russia

Georgia

Azerbaijan

Iraq

Iran

Syria

Lebanon

Jordan

Egypt

Bulgaria

Romania

Kazakhstan

Eilat

IsraelBaghdad

Ankara

Izmir

Ashkalon

Ceyhan

KirkukMosul

Baku

Samsun

Novorossik

Existing pipelines

Future extension plan of Samsun-CeyhanpipelineSamsun-Ceyhanpipeline

Black Sea

Mediterranean

Caspian SeaTurkey

Russia

Georgia

Azerbaijan

Iraq

Iran

Syria

Lebanon

Jordan

Egypt

Bulgaria

Romania

Kazakhstan

Eilat

IsraelBaghdad

Ankara

Izmir

Ashkalon

Ceyhan

KirkukMosul

Baku

Samsun

Novorossik

Existing pipelines

-Samsun-Ceyhanpipeline

Black Sea

Mediterranean

Caspian Sea

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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

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GAP İnşaatGAP İnşaat

ConstructionConstruction

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

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GAP Güneydoğu TekstilGAP Güneydoğu Tekstil

TextileTextiless

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

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Çalık Holding

BKT

Aktif Bank

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Banka Kombetare Tregtare Banka Kombetare Tregtare

Financial Financial ServicesServices

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)

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Çalık Holding

BKT

Aktif Bank

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Aktif Bank at a GlanceAktif Bank at a Glance

Healthy Balance Sheet

Growing asset base

Strong equity capital

Low leverage ratio

High liquidity ratio

Ample capital adequacy

DynamicCulture

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 64.07 %

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 %

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Interest Income

Note: IFRS consoilidated audited results USD/TRY 2006 2007 2008 1.4133 1.1685 1.5180

Total Assets

Financial HighlightsFinancial Highlights

(TRY millions)

%130%40

%117

(TRY millions)

(TRY millions) (TRY millions)

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Equity Advantage Equity Advantage

High Cash Equity Abundant Capital

Well Capitalized

(TRY millions)

(TRY millions)

%69

Equity /Total Assets

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New Face of the Turkish Banking SystemNew 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

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Credit Desicion System

Credit Desicion System

Pre Validation

Pre Validation

Credit BureauCredit Bureau ValidationValidation Final

AnalysisFinal

AnalysisCross CheckCross Check

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CustomerDatabase

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 - Retail Banking - Credit FactoryCredit Factory

Delivery Channels Products

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E-kent’s AFC Business Model

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Corporate Banking Strategies 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

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March April May June August September October December

Approval for membership

to the common point for

debit/credit/ATM cards obtained

Acquisition of E-kent

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 2008 Event HighlightsEvent Highlights

Membership to Interbank Card Center

obtained

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Record Performance Since the Start of Re-StructuringRecord Performance Since the Start of Re-Structuring

At the end of

7 YearsAt the end of

21 MonthsChange

Loans (Cash and Non-Cash) 172,700 473,000 173.9%

Number of Customers 129 310 140.3%

Number of Loan Customers 63 127 101.6%

Non- Group 53 109 105.7%

Group 10 18 80.0%

Number of Customers with Existing Lines in Their Favour 100 220 120.0%

Non- Group 88 198 125.0%

Group 12 22 83.3%

Number of Employees 26 167 542.3%

Number of Branches (1) 1 2 100.0%

Number of Subsidiaries 1 3 200.0%

Number of Operations Transactions 10,650 31,000 191.1%

Foreign Trade 350 1,200 242.9%

Loans 2,400 5,400 125.0%

Local Money Transfers 7,900 24,400 208.9%

(1) As of March 2009, 3 branches are operational. Two more branches will be opened during the course of 2009.

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Aktif Bank OperationsUSDthousands

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 250

2009 Outlook2009 Outlook

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Our Vision is to become the “Local Global”Our Vision is to become the “Local Global”

CIS

Middle East

The Balkans

North Africa

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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

MembershipsMemberships

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Organizational ChartOrganizational Chart

Board

CEO

Subsidiary Management

Corporate & Commercial

Credits

Treasury

Financial Institutions

Operation

Information Technology

Corporate & Commercial Marketing

Human Resources

Organization & Process

Management

Economist

Corporate & Commercial Marketing

Product Development &

CRM

Product Management

ADC

Sales

Financial Institutions Marketing

Structured Finance

Treasury

Treasury Marketing

Liquidity Management

Corporate & Comm.Credits

Credit Allocation

Financial Analysis &

Investigation

Corporate & Comm.Credits

Follow up & Monitoring

Retail Credits Allocation

Retail Credits Monitoring

Decision Support

Domestic Payments

Foreign Trade

ADC Operations

Banking Software

Development

DC Software Development &

R&D

System Development

Operation & Technical Support

Support Services

Treasury Operations

Financial Control

Process & Project

Management

Business Development

Business Development

Audit CommitteeCredit

Committee

Cash Management

Retail Credit Operations

Corporate Credit

Operations

Payments

Payroll & Compensation

Training

Recruitment & Planning

Group

Department

Unit

Internet Banking Back

Office

Merchant Operations

Call Center

Internal Audit

Internal Control

Risk Management

Corporate &Project Finance

Legal

Corporate Communicati

ons

Financial Affairs

Accounting

Financial Reporting

Retail

Insurance

Project Management

Office

Security

Data Management

Card Systems

Factoring Collections

Card Payment Systems

Operation

Card Operations

Field Operations

Management

Card Marketing

ATM&Kiosk Operations

Retail Credits

Retail Marketing

SME Banking

Card & Merchant Marketing

Payment Card Systems Product

Development & Project

Management

Payment Card Systems Project

Management System &

Product Development

Merchant Marketing

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Financial Institutions Team Financial Institutions Team

Özlem Özün Head of Financial Institutions Group

+ 90 212 340 8320 ozlem.ozun@aktifbank.com.tr

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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.