Main Financial Assets – TRY Mln 2017 2016 2015

Total Assets 11,116 9,538 7,560 Total Loans 6,909 5,888 4,725 Securities Issued 2,783 3,175 2,625 ’s largest privately owned investment , Shareholders' Equity 1,235 1,053 941 Operating Income 811 509 453 Corporate and in its fields of expertise with the Net Commissions and Fees 165 97 59

leading service model Net Profit 178 111 81 Retail banking, servicing 6.6 Mln customers (14.3% market share) Main Financial Ratios Return on Average Equity (ROAE) 15.6% 11.1% 8.8% The brand introducing firsts to the industry and known for its innovative Return on Average Assets (ROAA) 1.7% 1.3% 1.2% and visionary image Non-Performing Loans (NPLs%) 2.7% 1.7% 2.0% Aktif Bank in Figures Service model with 15 K client contact points utilizing partnerships rather Headcount 666 675 735 than opening up new branches Total Number of Customers (mln) 6.6 4.9 3.2 666 employees, the average age 34 Loans Revenues With its low-cost and flexible strategy, accumulated a high amount of capital and pursued stable growth since 1999 18% Rated by JCR as BBB-(Long Term FX) 34% TRY TRY 6.9 bln 0.6bln 66% 82%

Crowned with125 Awards Retail Corporate Retail Corporate in the last 8 years, Aktif Bank was granted with 19 awards in 2017. Incorporation Geographical Coverage # of Employees

Çalık Holding 1981 17 Countries 33,000

Çalık With an annual production capacity of 42 million meters, CALIK DENIM is one of the most Denim prominent companies in the world in its respective field. Incorporated in 1981 and currently maintains its business operations in the fields of energy, Gap One of the most powerful companies in the textile sector with affiliates at Turkmenistan, Marketing an advanced corporate structure and a variety of products. construction & real estate, mining, textile, telecom and finance GAP Logistics power extending to 3 continents, ranking among the Top Global Contractors in Construction the list of ENR consecutively since 2006.

One of the World’s leading energy companies, Succesfully completed 17 power plants with Operations span across 17 countries in Europe, Çalık a total capacity of 5,325.20 MW and operates projects across a wide area encompassing Central Asia, Middle East and North Africa Energy the Middle East, Central Asia, Africa and the Balkans

As of 2017, the breakdown of Çalık Holding’s Aktif Turkey’s largest privately owned investment bank, operates in line with a next generation revenue is mainly as follows: Energy (36%), Bank banking approach through alternative distribution channels Construction & Real Estate (40%) and Banking BKT One of the leading of Albania, with $3b asset size an 34% RoE

(17%) Lidya Operates Turkey’s 2nd biggets gold mine and carries important prospecting portfolio Mining together with Alacer Gold. Long Term International Foreign Currency Rating: BUSINESS OPERATIONS Extensive portfolio of products and services including Fixed Voice, BBB- by JCR in 2017 Albtelecom Mobile Phone, Internet and IPTV, it is the leader and a pioneer among the telecom operators in Albania Long Term National Local Rating: A- JCR in 2017 Çalık Real Develops urban renewal, office, residence and commercial projects Estate

FOREIGN TRADE VOLUME: USD CAPITAL: 341Bln Ankara (end-16) FINANCIAL CENTRE: (GMT+3)

AREA: 783,562 km2 39°55‘ North, 32°50‘ East GDP TOURISM REVENUES USD 863 Bln USD 18.7Bln (end-16, current prices)

FOREIGN DIRECT INVESTMENT GDP/CAPITA POPULATION $ USD 12.3Bln (end-16) USD 10,883 (end-16) 79.3Mln (2016) Turkey's Performance Among Giants

7

6 15 (%) Turkey’s economy - 5 4

3 th 2 1 ave. Real GDP Growth2002 17 0 LARGEST WORLDWIDE Source: IMF WEO October 2016, Turkstat has grown impressively by 6% on average since 2002 Rosy Medium-Term Outlook

2022 4 -

3

And its medium-term 2

prospects are 1 favorable... 2017 Rate Growth GDP Expected 0

Source: IMF WEO October 2017 Large Domestic Market...

160

120 Mln People

80

Favorable Demographics 40

9.1 million university graduates & 0 Egypt Turkey Germany France S. Africa Morocco Ukraine Poland Kazakhstan Romania Czech R. 5.1 million undergrad students

Source: UN Mobile phones available in 97% of Population 2015 Population 2050 households & 25% of households have access to smart TVs ...with a Median Age of 32 50 55% of households and 96% of enterprises use computer 40

30 66% of households and 94% of companies use Internet 20 33.1 mn Facebook - 10th largest 10 worldwide - and 6.5 mn Twitter 0 users

Source: BM CAR of Selected Markets, End-2016

16

12

8

A well- 4 capitalized 0

banking Source: IMF FSI sector… % of Population With an Account at a Financial Institution (15+)

100 …with a room 80 to maneuver 60 40

20

0 Germany Italy Czech R. Poland Hungary U.middle S. Africa Russia Romania World Turkey income

Source: World Bank

Title and First Local N Kolay Management First Asset-Backed First Eurobond Established 1999 Change 2008 Bank Bond 2010 Securities 2013 2015 Issuance 2017 Assets: Issuance Issuance Introduction Assets: USD 58m in Turkey in Turkey of Passolig USD 2.4 Bln

Incorporation Acquisition of Subsidiary Pavo Islamic Aktif Halk of EKent in Money Incorporated Portfolio Enerji Çalık Bank 2007 2009 Transfer (UPT) 2011 2014 Management 2016 Yatırımları A.Ş. Incorporated Sigortayeri Company with Established Incorporated ICD EchoPOS Halk First Mudaraba Established Yenilenebilir Sukuk Issuance Enerji A.Ş. in Turkey Haliç Leasing Established Incorporated R&D team size team R&D Highest FemaleExecutives Phd&Masters Degree Phd&Masters UniversityGrad Innovative Average Age

Prudent : : : : : 20% of20% organisation 26% (sector avg 14%) avg (sector 26% 14% 80% 80% 34 Visionary

Flexible

Entrepreneurial

Dynamic

Efficient PhD. Serdar Sümer Ahmet Erdal Güncan Gürol Güngör Ömer Ünveren Murat Barlas Tevfik Kınık CEO and Executive Vice President Executive Vice President Retail Banking Executive Vice President Executive Vice President Executive Vice President Board Member Corporate Banking Sales and Subsidiaries Coordination Treasury Finance Credit Analytics and Capital Markets

Muzaffer Suat Utku Uğur Gökhan Özdinç Hakan Özat Filiz Erendaç Selcan Kaytancı Osman Gencer Executive Vice President Executive Vice President Managing Director Managing Director Managing Director Managing Director Financial Institutions Information Technology and Operation Internal Systems Legal Counsel Human Resources Venture Capital Loan Portfolio Fees & Commissions Margin Profitability Profitability Quality

Non Interest Income/ Interest Income / ROAA ROAE NPL OPEX Interest Expense

Aktif Yatırım Bankası Aktif Yatırım Bankası Aktif Yatırım Bankası Aktif Yatırım Bankası Aktif Yatırım Bankası Aktif Bank A.Ş.(*) 115 % A.Ş. 2.25 A.Ş. 1.89% A.Ş. 17.20% A.Ş. 2.67%

Arap Türk Bankası A.Ş. 100.80%Arap Türk Bankası A.Ş. 4,09 ING Bank A.Ş. 1.90% ING Bank A.Ş. 17.99%Arap Türk Bankası A.Ş. 1.92%

ING Bank A.Ş. 54.90% ING Bank A.Ş. 2.22 Arap Türk Bankası A.Ş. 1.76% Arap Türk Bankası A.Ş. 12.18% Burgan Bank A.Ş. 2.25%

Turkland Bank A.Ş. 50.00% Şekerbank T.A.Ş. 1.84 A.Ş. 1.03% A.Ş. 10.87% Fibabanka A.Ş. 2.56%

Şekerbank T.A.Ş. 44.30% Odea Bank A.Ş. 1.69 Fibabanka A.Ş. 0.86% Odea Bank A.Ş. 8.61% Anadolubank A.Ş. 3.47%

Peer Grup Anadolubank A.Ş. 43.50% Alternatifbank A.Ş. 1.57 Odea Bank A.Ş. 0.82% Anadolubank A.Ş. 8.51% Alternatifbank A.Ş. 3.98%

Alternatifbank A.Ş. 41.90% Anadolubank A.Ş. 1.55 Burgan Bank A.Ş. 0.60% Burgan Bank A.Ş. 7.74% Odea Bank A.Ş. 4.32%

Fibabanka A.Ş. 31.50% Fibabanka A.Ş. 1.55 Alternatifbank A.Ş. 0.56% Alternatifbank A.Ş. 6.67% ING Bank A.Ş. 4.52%

Odea Bank A.Ş. 24.90% Burgan Bank A.Ş. 1.44 Şekerbank T.A.Ş. 0.39 Şekerbank T.A.Ş. 3.95% Şekerbank T.A.Ş. 5.54%

Burgan Bank A.Ş. 20.40% Turkland Bank A.Ş. 1.4 Turkland Bank A.Ş. 0.12% Turkland Bank A.Ş. 0.87% Turkland Bank A.Ş. 7.26%

Banking Sector 62.4% Banking Sector 1.88 Banking Sector 1.75% Banking Sector 15.46% Banking Sector 2.92% Peer Grup & Banking Sector Avarage Peer Group 43.1% Peer Group 1.76 Peer Group 1.14% Peer Group 11.47% Peer Group 4.13% YoY Total Assets Growth Rate 50% 11.106 45%

45%

9.538 40% 38%

35% 7.560

30% CAGR 26% 6.261 60% 25% 23% 5.104 21%

20% 16% 3.520 15% 2.553

10% 1.479

578 5% 252 66 112 Years 0% 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2011 2012 2013 2014 2015 2016 2017

* Peer Group: Anadolubank, Arap Türk Bankası, Bank Pozitif, Fibabanka, Burgan Bank, , T-Bank, ICBC Turkey, Abank NPL Ratio

4.50%4,50% 4.13%

Cost/Income Ratio 4,00% 4.00% 3.66% 4.04% 3.36% 3.50%3,50% 2.92% Peer 2.97% 2.97% Group 3.00%3,00% %93 3.12% 66% 2.50% avg: 2.88% 2.50%2,50% 2.89% 2.67% %69 2.37% 2.00%2,00% 2.67% %62 2.62% 1.91% 1.86% 1.50%1,50% %50 %48 1.74%

1.00%1,00%

0.50%0,50%

0.00%0,00% 2013/12 2014/12 2015/12 2016/12 2017/6 2017/9 2015 Q2 2015 Q4 2016 Q3 2016 Q4 2017 Q3 NPL Rasyo NPL Rasyo Aktif Peer AktifAktifbank Bank Emsal SektörBanking Bank Group Sector

Strong focus on operating costs for the last Long established and proven risk management three years, and reached the lowest C/I ratio among the peers in 2017. High technology solutions and in-house developed instant credit evolution system Process optimization and paperless digital transactions projects aim to increase efficiency Prudent provisioning & strong collections by 10% every year performance Composition of Liabilities & SE Shareholders’ Eq; 11% Other liabilities; 9%

Payables to Banks; 30% Payables to money market; 8% Domestic 34%

Foreign 66% Funds; 9%

Securities Issued; 33%

Capital markets instruments issued to date has exceeded: TRY 25bn Sustainable and low-cost focused growth Robust and balanced funding base Alternative funding opportunities with ABSs and Islamic products Strong capital base First Bank Bond in Turkey First in Islamic Finance • TRY 22 Billion Bond issuance • Turkey’s first project financing to date Sukuk issuance for financing Firsts Istanbul International Financial in Turkey • Digital public offering of N Kolay Bond Center project • TRY 300 Million in three Sukuk issuances for IIFC project Turkey’s First ABS Issuance • “Islamic Finance Deal of the Year” award from “ The • TRY 2.5 Billion ABS issuance Banker” • AAA rated securities • First Islamic dept instrument • TRY 200 Million ABS listed on issued issuance for for Fleetcorp Finansman • First Sukuk listed at Irish Stock Exchange GEM, international issuance amounting to USD 118 International Issuance Million • USD 100 Million Notes Issuance for Calik Holding First Credit Linked Note in through Irish Stock Exchange Turkey • USD 120 Million and EUR 125 • Sale of corporate loan risk Million Notes issuances for exposure to investors through Aktif Bank structured product issuance Corporate Loan Size Corporate Banking Exposure (TRY Bln) 7% 3% 2.2 5% 45% 89% 1.8 6%

1.2 9%

0.5 10%

2014 2015 2016 2017E* 15%

ROA 3.7% Commission Income TRY 16.2 Mln

* Estimated TRY 1.6 Bln loan for 14 football Real Estate Project Sports Finance clubs, TRY 650 Mln Qualified balance Finance Investor-oriented real estate Stadium and venture financing funds with the Commercial longest term Real estate and budget Partnership, Innovative in Turkey Revenue-and solutions for club profit-sharing financing with the models synergy of Passolig Turkey’s First Project Financing Sukuk for IFM TRY 300 Mln EkoLig provides know- how through Sports Financing Summit, Sports Financing Certificate Programs Energy Research & Project finance Proving itself Finance and partnership with cotton Development solutions in finance, this renewable innovative model energy will expand with Finance industry new products Long term project finance which Besides financial funds SEP, WPP, support; following GPP and HPP innovations, installations channeling the bank The only into new model measuring Stakeholdership opportunities and the agricultural and investment in channels value chain end-to- highly-potential end and converting projects supported 21 projects, this value into by TUBITAK and Loan limit up to investment Training and BSTB consultancy $ Mln, 300 services for investment of farmers and $80Mln operators

Agricultural Finance Investment Banking Access to International Management of negotiation Financial Markets strategies and procedures Intermediary and advisory Management of investment services banking transactions

Correspondent Banking Corporate Consultancy and Financing

Cash management and remittance Debt advisory and restructuring Advisory for Asset-Backed services to more than 150 Banks services Financing, Syndicated Loans with flexible and competitive T&C Easy access to local and Working Capital Advisory UPT for retail remittance international financial markets services transaction Competitive treasury services Islamic Finance DCM tools Active collaboration with ITFC Ability to offer murabaha, ijara Islamic finance and ICD of IDB Group and wakala placements Trade finance Non-Cash Loans, Mezzanine, Loans through major consumer ECA and Trade loans Leasing, and Refinancing goods dealers-structured in a Shariah compliant manner Banking services through Post 3715 Offices; one of the largest distribution channels of Turkey

Consumer lending through retail 1500 outlets

Licensed bill payment subsidiary, 515 servicing via dedicated franchise branches

3945 Kiosk banking through retail outlets

Contact Points throughout the country

Licenced remittance payment We Reinvented the Retail 962 institution subsidiary, operates globally Banking Service Model The only insurance and reasurance 1 broker working with multiple Mio distribution channels. Massive customer acquisition through affinity cards and digital solutions

3.5 Passolig Fan-ID card and e-ticketing Mln system; resulted a massive bank Customer customer acquisiton

Transportation cards and smart city 9 technologies in 15 cities; reached to Mln millions of customer and annual 1 bln Card financial transactions

Provide N Kolay Bono provides high – level top-level earnings to individual customers for earnings their investments.

1.6 Nkolay.com digital banking platform Mln provides banking products with all We Reinvented the Retail APPLICATION variety Banking Service Model Smart POS sales and distribution 200 K activites; created a large SME network SMEs (10% of market) Aktif Bank Sector Crosscheck

Number of branches* 4.5K 10.5K 43%

ATM-Kiosk 4K 48K 8%

Number of customers 6.6 Mln 46 Mln 14.3%

Number of employees including subsidiaries 1.3K 195K 0.6%

Number of customer per employee 5.1K 205 25 times

Number of cards per employee 2.5K 970 2.6 times

Individual retail loans (TRY) per employee 1.5Mln 0.9Mln 1.7 times

* Figure includes Turkish Postal Office Branch Network Sector Ranking (2017–Q3)

Consumer Loan Ranking Bank (TRY Mio) Branches

1 Türkiye Cumhuriyeti Ziraat Bankası A.Ş. 30,239 1,802 2 Türkiye İş Bankası A.Ş. 21,895 1,370 3 Türkiye Garanti Bankası A.Ş. 20,651 950 4 Türkiye Vakıflar Bankası T.A.O. 20,030 926 5 Yapı ve Kredi Bankası A.Ş. 18,116 888 6 T.A.Ş. 16,146 826 7 Türkiye Halk Bankası A.Ş. 15,661 969 Balance (Mln TL) 8 A.Ş. 10,033 697 9 Finans Bank A.Ş. 9,491 580 10 ING Bank A.Ş. 5,921 266 11 Türk Ekonomi Bankası A.Ş. 4,514 515 Aktif Bank Market Market Share 12 Aktif Yatırım Bankası A.Ş. 2,155 8 13 Odea Bank A.Ş. 1,696 51 14 HSBC Bank A.Ş. 836 89 15 Şekerbank T.A.Ş. 632 273 2016 Q3 1.773 154.903 1.12% 16 Burgan Bank A.Ş. 360 47 17 Fibabanka A.Ş. 215 80 18 ICBC Turkey Bank A.Ş. 165 44 19 Alternatifbank A.Ş. 59 53 2017 Q3 2.300 184.879 1.24% 20 Anadolubank A.Ş. 45 111 21 BankPozitif Kredi ve Kalkınma Bankası A.Ş. 6 1 22 Turkish Bank A.Ş. 3 13 Growth 23 Turkland Bank A.Ş. 3 33 30% 20.53% rate 24 Birleşik Fon Bankası A.Ş. 2 1 Total Number of Sector 178,873 10,593 Post Office 1.9 Retailers & Auto 630 Digital 347 mln Loan issued bln mln (TRY)

Insurance Commission Income (Mln TRY)

54.47

43.6 2012 2013 In 29.20 29.25 2014 2015 2017 Mln 54 2016 Credit Life Insurance 2017 Commission Income 8.30 8.27 # of Cards The unique card experience 3.5M which allows the cardholders; 2.5M Largest issuer of prepaid

1.6M cards in Turkish Private To enter football stadiums and Banking Sector purchase season or daily 672K electronic match tickets, 1,713,002 cards Experience 100 % online card 2014 2015 2016 2017 application form and e-ticketing platform, Choose Debit/prepaid and credit card preferences, PASSOLIG 12 Benefit Customized campaign Mln management, 3.5 Mln People Replace the mass transportation Cards Sold went to cards thanks to DESFire stadiums technology, 7.2 Mln Enjoy fast & easy contactless Match tickets TRY610 Mln payment feature, sold & Ticket Provide financial contribution to Combined Ticket the teams they support with each Turnover card transaction. First of its kind payment experience in mass transportation globally.

Targeting the unbanked bill Solution for immigrants’ card Mchip advance technology enables payment customers system access cardholders to benefit from various campaigns. Free & easy to get via N Kolay Free & easy to get via UPT agents franchises and use instantly and use instantly Transfer and fare differentiation are applicable Cardholders can access their Integrated with the UPT payment utility payment history and account and money transfer services Integrated with mobile app and HCE. benefit various segmented campaigns Contactless payment feature 1.1 Mln download in 9 Months

Mobile Payment, Extension Match Ticket, Follow-up fixtures and Card Application, league table Top-up Alarm systems

27 3.5 47 CITIES Mln STADIUMS Passolig Cards

TRY 610 12 7.2 835 K Mln Mln Mln Cards Sold & Ticket Stadium Sales through Combined Entries Box Offices Ticket Turnover

10,000 800 47 Security Portable System Camera Terminals Rooms and System 2,000 500 Operation Turnstiles Box Offices Centers Transactions Prepaid Prepaid Invoice payment top GSM Match - tickets up Money Money Transfer Application N Kolay N Kolay Loan Credit Credit Payment Card Subscription Transactions Customers 3.5 3.5 75 Transactions Mln Mln Kiosks 4,000 N Kolay Stores Kolay N 515 Transactions 63.5 2015 68.6 2016 2017 (Mln) 75 EBITDA 2 2015 2016 6 (Mln TRY)(Mln 2017 8.9 Largest Insurance Distribution Channel in Turkey 450K+ Individual 1 Customers Mln + Proposals

Operations in Turkey and nearby 15 countries

Among the One of the top 10 Largest brokers in Turkey 10 Insurance Operates with Multiple Brokers across the industry Premium (Mln TRY) Channel Distribution 138.7 100 Mln TRY insurance 91 premium volume, 1 million + corporate and 43.8 retail customer portfolio

2015 2016 2017E*

* Estimated UPT in 2017:

Transactions (Mln) EBITDA (Mln TRY)

TRY Collaborating Ranked Market 10.4 2.4 with rd Share 2 .4 Mln approximately 173 Reached Transactions in 500 Great 1.3 1 4.6 200 Service 22% 2.7 Active Exporters, from Countries 4th 16% in Banking and 2015 2016 2017 2015 2016 2017 other Exclusive partner of Ingenico and has Desktop Cash Register 60% market Fastest share in Easiest Turkish POS devices market. Lightest

POS Devices Sold Net Turnover (Mln TRY) EBITDA (Mln TRY) (pcs-thousand) 98 14.8 8.855 183

95 2.542

* Estimated 2016 2017E* 2016 2017E* 2016 2017E* The Scope of Şok The Scope of Supermarkets Supermarkets Project; Project; 1.560 two stores were selected devices installed for pilot scheme period in 773 stores as at Bursa Regional of end of Directories, Purchasing Windows- Managed by Campaign Easy instead of Based Web and Management Training September, Renting Flexible Mobile and The goal is to expand all Integration Practical over Turkey in the year Structure Use 20,000 New Real Time Loyalty Card Plug & Run, of 2018 Generation Points of And Management Set-up Software Market Two - Sided Architecture Automation Communication Target Mükafat Asset Management

Established by cooperation of Islamic Development Bank and Aktif Bank, partnership structure that combines the power of 53 countries High-yield Islamic alternative investments such as Real Estate Funds and Private Equity Funds offered to qualified investors Innovative solutions via Islamic mutual and pension funds, along with private and corporate discretionary portfolio management Turkey's first overnight Islamic short-term Sukuk Fund, providing cash and liquidity management Trustworthy gateway for foreign investors in Turkey through our expertise in capital markets

Earn without interest... The Banker Awards Inovalig Pay Awards The Stevie Mastercard Aktif Bank left the globally-known Aktif Bank was granted the Aktif Bank was granted financial institutions in the dust, 3rd prizes in the "Innovation Awards Catalyst award in the most and was granted with Organization and Culture" Aktif Bank was granted the important prepaid Awards category of the "İnovalig" The Best Project organization of the world, Bronze Award Aktif Bank was granted the competition, attended by award in "Compliance" category of the “Pay Awards” for its “N in the category of “IVR or “MasterCard Catalyst 2017” the most important "Technology Projects Of The Year Kolay Loan” in Web Service Solution – New awards in the sales campanies and organized by 2017" competition organized by Version” with “Passolig Card category and recognized as The Banker, one of the leading the Turkish Exporters' Best International IVR Improvement” project the third bank which global publications, with its Rise Assembly for the 4th time Program in the “The Stevie - increased its debit card Platform utilized to manage the this year. Awards” organized for the numbers most within a category. structures of processes and 11th time this year. y e a r. internal systems.

2016 Annual Report, based on the theme “Skill and Imagination”, won 14 awards in 2017

LACP Awards Based on the theme “Skill and Imagination”, Mercomm Awards Aktif Bank was granted with 12 awards including Aktif Bank was granted with 2 awards including Platinum Awards Honor Award in “Banking” category and in “Written Text” category and Gold Awards in Gold Awards “Best Cover Design” as well as “Silver Awards” in “Non-Traditional in same categories of the "Vision Awards" Annual Report” category.