YILMADEN HOLDING

Discovering The Unseen Values Yıldırım Group AGENDA Yılmaden Holding

Mining and Exploration Assets

Strengths and Core Values

Subsidiaries

Social Responsibility Yıldırım Group Sectors

Integrated

Operations in Financial 9 Sectors Investments Port Management Construction

Coal & Coke Inernational Fertilizer & Trade Chemicals

Marine & Logistics

Metals & Energy Mining Yıldırım Group Where we are

RUSSIA LITHUANIA KAZAKHSTAN Across 5

SWEDEN

BELGIUM FINLAND Continents

NORWAY & 51 IRELAND UK Countries DENMARK CANADA

UNITED STATES FRANCE

SWITZERLAND UZBEKİSTANCHINA

MEXICO HONDURAS SPAIN PORTUGAL TAIWAN COLOMBIA MOROCCO GUATEMALA THAILAND

COSTA RICA ITALY SERBIA

MALTA ECUADOR ZAMBIA TANZANIA

INDIA PERU SINGAPORE INDONESIA

MALAWI CHILE ANGOLA BRAZIL BANGLADESH MOZAMBIQUE

NAMIBIA URUGUAY ZIMBABWE

SOUTH AFRICA

ARGENTINA Yıldırım Group Overwiev Ranking Market Shares

METALS & MINING FERTILIZERS & CHEMICALS COAL & COKE Turkey’s Turkey’s Turkey’s Chrome Ore CAN Producer Metallurgical #1 Producer #1 CAN Exporter #1 Coke Importer Ammonia Exporter World’s Turkey’s Turkey’s #1 High Quality Lumpy Fertilizer Sized Coal Chrome Ore #3 Trader #2 Importer Exporter

Turkey’s PORT MANAGEMENT ENERGY High Quality Turkey’s Turkey’s #1 State-of-the-Art HC FeCr PRODUCER Environmentally Container Terminal #1 Friendly Operator #8 World’s Power Producer & #2 High Quality World’s Investor (3GW) HC Fecr PRODUCER International By 2025 #12 Container Terminal Operator World’s International #4 Top Chromium Player #10 Port Operator YILMADEN HOLDING Yılmaden Holding Overview Where we are The One & Only Company to Produce Cr Ore & HC FeCr in 4 Countries

Russia Sweden Total Production HC FeCr Production HC FeCr Production Capacity: 255,000 tpy Capacity: 130,000 tpy Capacity: 2,500,000 tpy of Cr Ore 550,000 tpy of HC FeCr

USA Fr V, Fe Mo Kazakhstan Cr Resources: Around 22 Mn tons Cr Reserves: Around 21 Mn tons Colombia Beneficiation Capacity: 1.3 Mn tons Coal Resources: 6 Bn tons Coal Reserve: 715 Mn ton Synthetic soda ash production facility project DTK METALS and MINING B.V. Turkey (5JV’s) Cr Resources: Over 150 Mn tons Exploration projects Cr Reserves: Over 130 Mn tons HC FeCr Production Capacity: 165,000 tpy Yılmaden Holding History

2018 QAZAQ Soda (Kazakhstan) MIDURAL (Russia) DTK Exploration Company (5 JV’s, Kazakhstan) 2016 BEAR METALLURGICAL COMPANY (USA) 2014 YILMADEN HOLDING POLYMETCORE TRADING SA (Sweden) BEST COAL COMPANY (Colombia) 2013 VOSKHOD GROUP (Kazakhstan) 2008TIKHVIN FERROALLOY (Russia) VARGÖN ALLOYS (Sweden) 2007 YILKROM (Turkey) 2004 ETI KROM (Turkey) 1963 GARIP YILDIRIM & OĞULLARI Yılmaden Holding Mining and Exploration Assets

YILMADEN Mining Budget vs. EBITDA (M $) Assets Location

EBITDA Kazakhstan

Yılmaden Exploration Budget (M $)

Global Nonferrous World Exploration Budget (B $)

(S&P Global) M USD M USD

Turkey

2014 2015 2016 2017 2018 2019 Kazaksoda Exploration Coal Exploration Gold/Base Metal Exploration Chromite Exploration Mining Areas

Colombia

9 Yılmaden Holding Mining and Exploration Assets

Operation Licenses Exploration Licenses YILMADEN Mining Colombia; 2 Colomb Assets Location Kazakhstan; 2 ia; 3

Kazakhstan

Kazakhstan; 7

Turkey; Turke 26 y; 27 Turkey

Commodity Distribution Kazaksoda Exploration Coal Exploration SiO2 Gold/Base Metal Exploration 2017 2019 NaCl Pb-Zn 2% Chromite Exploration Fe 6% 6% 1% Mining Areas Pb-Zn 17% Au-Pt 9% Colombia Au-Cu 4% Cr Cr 83% 72%

10 Yılmaden Holding Our Strengths and Core Values Training (K’$) After the acquisition Number of Employees After the acquisition Local Employees CAM Expats 403 279 259 241 200 221 237 229 392 291 152 170 197 255 0 0 0 Local talent 122 1.099 717 653 751 849 838 796 798 800

2010 2011 2012 2013 2014 2015 2016 2017 2018 2009 2010 2011 2012 2013 2014 2015 2016 2017

• Tax champion of Kazakhstan (2015,2016). Transparency • Project Finance Award winner for Best Natural Resources deal in EMEA (2015). • Best Project Finance in CEE (2016).

2018 QAZAQ Soda (Kazakhstan) Bear Metallurgical Company (USA) 2016 MIDURAL (Russia) DTK Exploration Company (5 Jv’s, Kazakhstan) • Turnaround experiences VOSKHOD GROUP (Kazakhstan) Yilmaden Holding 2013 2014 TIKHVIN FERROALLOY (Russia) POLYMETCORE TRADING SA (Sweden) Sustainable Growth • Financial growth VARGÖN ALLOYS (Sweden) 2008 BEST COAL COMPANY (Colombia) • Can do attitude YILKROM (Turkey) 2007 ETI KROM (Turkey) 2004 Garip Yildirim & Oğullari 1963 • Strong relationship with government and local authorities • Strong relationship between local community in operational areas Familiarity to regulations • Number of employees • Shared value Yılmaden Holding Subsidiaries – Chrome Ore Mine, Voskhod

Chrome Ore Mine– Voskhod, Kazakhstan

12 Yılmaden Holding Subsidiaries – Mechanized Chrome Ore Mine, Eti Krom

Mechanized Chrome Ore Mine – Elazig, Turkey

13 Yılmaden Holding Subsidiaries – Ferrochrome Plant – Eti Krom

Ferrochrome Plant – Elazig, Turkey

14 Yılmaden Holding Subsidiaries – Ferrochrome Plant – Eti Krom

Ferrochrome Plant – Elazig, Turkey

15 Yılmaden Holding Subsidiaries – Ferroalloys Plant – Vargön

Ferroalloys Plant – Vargön, Sweden

The World’s Oldest Ferroalloys Production Plant

16 Yılmaden Holding Subsidiaries – Ferroalloys Plant – Vargön

Ferroalloys Plant – Vargön, Sweden

17 Yılmaden Holding Subsidiaries – Ferroalloys Plant – Tikhvin

Ferroalloys Plant – Tikhvin, Russia

18 Yılmaden Holding Subsidiaries – Ferroalloys Plant – Tikhvin

Ferroalloys Plant – Tikhvin, Russia

19 Yılmaden Holding Subsidiaries – BCC

BCC – La Guajira, Colombia

20 Yılmaden Holding Subsidiaries – BCC

BCC – La Guajira, Colombia

21 Yılmaden Holding Subsidiaries – BMC BMC – USA

22 Yılmaden Holding Subsidiaries – Qazaq Soda

Qazaq Soda – Kazakhstan

23 Continues Improvement Leads to Smart Mining

CONNECTIVITY Connectivity among smart applications, database, software and hardware is the key success factor to reach out our Smart Mine goal.

ELECTRICAL VEHICLES REMOTE CONTROLLED We will use vehicles with lower EQUIPMENT carbon emissions for providing Remote controlled equipment better air quality for workers reduces operational costs and operating underground and for increase productivity as safely, more sustainable mining efficiently and profitability as operations. possible.

SUB- LEVEL STOPING SMART MARKER SYSTEM VARIABLE CAVE PRODUCTION Sub level stoping is a versatile Smart marker system specifies THIKNESS METHOD production method that has the remaining ore in the ground This technique determines the almost doubled the production after blasting. The advanced thickness between two capacity more safely and sensor technology determines horizontal galleries and adapt efficiently. the remaining markers still this pillar thickness according to embedded in the ore and the reserve geometry and visualizes the ore waiting to be provides more feasibility with extracted less waste.

24 Yılmaden Holding Socia Responsibility Projects

April 23 Children’s Day - In the scope Afforestation – In the scope of 15th of April 23 Children’s Day celebrations, anniversary of Voskhod, we planted more we distributed toys individually to 250 than 15,000 trees and flowers in the nearby children in the age of 4 to 13 in Elazig settlements, Khromtau and Don. Yarımca Ferrochrome Elementary School. Toys were selected according to Healthy Life - “My Father, Mother and Me, the age and gender of the children. We are a Sportive Family” - More than 100 employees participated in this activity with Books donation - Within the scope of their family, focused on the “healthy life” the Library Project, we came together while strengthening the teamwork and with the students of Zeycan Yıldırım increasing company loyalty. Vocational and Technical Anatolian High School and donated 360 books, Social solidarity - Within the scope of our computers and projection devices charity projects, we supported Voskhod consisting of 100 basic works and employees, children with disabilities, modern and classic works. children of low-income families, orphans and the elderly people. Social solidarity – At our Eti Krom’s facility, we enjoyed the pleasure of Social solidarity - In Tikhvin, Russia, we hosting Beyyurdu Barrier-Free Life became the main sponsor of Tikhvin Lel's Rehabilitation and Family Counseling International Children's Competition and Center residents that we had met on the Tikhvin City Day celebrations, supporting 8 March International Women's Day the Tikhvin administration for the moral event. improvement of urban areas, roads and pavements. Thank you…

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