Revenues. Loans. Crowned with129 Awards in the last 8 years, Aktif Bank was granted with 21 awards in 2017.

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4 Turkey s largest privately owned investment bank, Corporate and Investment banking in its fields of expertise with the leading service model Retail banking, servicing 6.6 Mln customers (14.3% market share) The brand introducing firsts to the industry and known for its innovative and visionary image Service model with 15 K client contact points utilizing partnerships rather than opening up new branches 652 employees, the average age 34 With its low-cost and flexible strategy, accumulated a high amount of capital and pursued stable growth since 1999 Rated by JCR as BBB-(Long Term FX) Main Financial Assets TRY Mln Total Assets Total Loans Securities Issued Shareholders' Equity Operating Income Net Commissions and Fees Net Profit Main Financial Ratios Return on Average Equity (ROAE) Return on Average Assets (ROAA) Non-Performing Loans (NPLs%) Aktif Bank in Figures Headcount Total Number of Customers (mln) 66% Loans TRY 6.9 bln 34% ,116 9,538 7,560 6,909 5,888 4,725 2,783 3,175 2,625 1,235 1, % 11.1% 8.8% 1.7% 1.3% 1.2% 2.7% 1.7% 2.0% Revenues 18% TRY 0.6bln 82% Crowned with129 Awards in the last 8 years, Aktif Bank was granted with 21 awards in Retail Corporate Retail Corporate

5 Incorporation Geographical Coverage # of Employees Çalık Holding Countries 33,000 Incorporated in 1981 and currently maintains its business operations in the fields of energy, construction & real estate, mining, textile, telecom and finance Operations span across 17 countries in Europe, Central Asia, Middle East and North Africa As of 2017, the breakdown of Çalık Holding s revenue is mainly as follows: Energy (36%), Construction & Real Estate (40%) and Banking (17%) Long Term International Foreign Currency Rating: BBB- by JCR in 2017 Long Term National Local Rating: A- JCR in 2017 BUSINESS OPERATIONS Çalık Denim Gap Marketing GAP Construction Çalık Energy Aktif Bank BKT Lidya Mining Albtelecom Çalık Real Estate With an annual production capacity of 42 million meters, CALIK DENIM is one of the most prominent companies in the world in its respective field. One of the most powerful companies in the textile sector with affiliates at Turkmenistan, an advanced corporate structure and a variety of products. Logistics power extending to 3 continents, ranking among the Top Global Contractors in the list of ENR consecutively since One of the World s leading energy companies, Succesfully completed 17 power plants with a total capacity of 5, MW and operates projects across a wide area encompassing the Middle East, Central Asia, Africa and the Balkans Turkey s largest privately owned investment bank, operates in line with a next generation banking approach through alternative distribution channels One of the leading banks of Albania, with $3b asset size an 34% RoE Operates Turkey s 2 nd biggets gold mine and carries important prospecting portfolio together with Alacer Gold. Extensive portfolio of products and services including Fixed Voice, Mobile Phone, Internet and IPTV, it is the leader and a pioneer among the telecom operators in Albania Develops urban renewal, office, residence and commercial projects

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7 CAPITAL: Ankara FINANCIAL CENTRE: Istanbul (GMT+3) FOREIGN TRADE VOLUME: USD 391Bln (end-17) AREA: 783,562 km 2 TOURISM REVENUES USD 22.5 Bln (end-17) North, East GDP USD 851 Bln (end-17, current prices) $ FOREIGN DIRECT INVESTMENT USD 10.9 Bln (end-17) GDP/CAPITA USD 10,597 (end-17) POPULATION 80.8 Mln (2017)

8 Turkey s economy 17 th ave. real GDP growth (%) Turkey's Performance Among Giants LARGEST WORLDWIDE has grown impressively by 5.9% on average since 2002 And its medium-term prospects are favorable... Source: IMF WEO October 2017, Turkstat expected real GDP growth rate (%) Rosy Medium-Term Outlook Source: IMF WEO October 2017

9 Mln People Large Domestic Market Favorable Demographics 9.1 million university graduates & 5.1 million undergrad students 40 0 Mobile phones available in 97% of households & 25% of households have access to smart TVs 55% of households and 96% of enterprises use computer Egypt Source: UN Turkey Germany France S. Africa Population 2015 Morocco Ukraine Poland Population with a Median Age of % of households and 94% of companies use Internet mn Facebook - 10th largest worldwide - and 6.5 mn Twitter users Source: BM Kazakhstan Romania Czech R.

10 CAR of selected markets, Q32017 or later A wellcapitalized banking sector Source: IMF FSI Indicators % of Population With an Account at a Financial Institution (15+) with a room to maneuver Germany Italy Czech R. Poland Hungary U.middle income S. Africa Russia Romania World Turkey Source: World Bank

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12 Change of Title as Aktif Bank Acquisition of EKent Subsidiary in Money Transfer (UPT) Incorporated Pavo Incorporated Sigortayeri Incorporated First Mudaraba Sukuk Issuance in Turkey Islamic Portfolio Management Company with ICD EchoPOS Established Haliç Leasing Incorporated Aktif Halk Enerji Yatırımları A.Ş. Established Halk Yenilenebilir Enerji A.Ş. Established Incorporation of Çalık Bank First Bank Bond Issuance in Turkey First Local Asset-Backed 2013 Securities Issuance in Turkey N Kolay Established Introduction of Passolig 2015 First Eurobond Issuance Assets: USD 2.4 Bln 2017

13 Average Age : 34 University Grad : 80% Phd&Masters Degree : 14% Highest Female Executives : 26% (sector avg 14%) R&D team size : 20% of organisation Innovative Prudent Visionary Flexible Entrepreneurial Dynamic Efficient

14 PhD. Serdar Sümer CEO and Board Member Ahmet Erdal Güncan Executive Vice President Corporate Banking Betügül Toker Executive Vice President Digital Banking & Payment Systems Filiz Erendaç Managing Director Legal Counsel Gürol Güngör Executive Vice President Retail Banking Sales and Subsidiaries Coordination Hakan Özat Managing Director Internal Systems Murat Barlas Executive Vice President Finance Muzaffer Suat Utku Executive Vice President Financial Institutions Osman Gencer Managing Director Venture Capital Ömer Ünveren Executive Vice President Treasury Selcan Kaytancı Managing Director Human Resources Tevfik Kınık Executive Vice President Credit Analytics and Capital Markets Uğur Gökhan Özdinç Executive Vice President Information Technology and Operation

15 Fees & Commissions Margin Profitability Profitability Loan Portfolio Quality Non Interest Income/ OPEX Interest Income / Interest Expense ROAA ROAE NPL Aktif Bank 91,6% Aktif Yatırım Bankası Aktif Yatırım Bankası A.Ş. A.Ş. 2,13 Aktif Yatırım Bankası A.Ş. 1,72% A.Ş. 15,56% Aktif Yatırım Bankası Aktif Yatırım Bankası A.Ş. 2,72% Arap Türk Bankası A.Ş. 78,6% Arap Türk Bankası A.Ş. 3,99 ING Bank A.Ş. 1,65% ING Bank A.Ş. 15,59% Turkland Bank A.Ş. 11,43% Anadolubank A.Ş. 56,3% ING Bank A.Ş. 2,19 Arap Türk Bankası A.Ş. 1,62% Fibabanka A.Ş. 12,13% Şekerbank T.A.Ş. 4,79% ING Bank A.Ş. 48,6% Şekerbank T.A.Ş. 1,80 Anadolubank A.Ş. 1,13% Arap Türk Bankası A.Ş. 11,26% Odea Bank A.Ş. 4,66% Peer Group Turkland Bank A.Ş. Fibabanka A.Ş. 48,3% 45,9% Odea Bank A.Ş. Alternatifbank A.Ş. 1,64 1,56 Fibabanka A.Ş. Odea Bank A.Ş. 0,94% 0,90% Anadolubank A.Ş. Odea Bank A.Ş. 9,48% 8,90% Alternatifbank A.Ş. ING Bank A.Ş. 4,47% 4,25% Şekerbank T.A.Ş. 42,0% Fibabanka A.Ş. 1,53 Burgan Bank A.Ş. 0,72% Burgan Bank A.Ş. 8,43% Fibabanka A.Ş. 3,20% Alternatifbank A.Ş. 31,2% Anadolubank A.Ş. 1,52 Şekerbank T.A.Ş. 0,42% Alternatifbank A.Ş. 4,64% Anadolubank A.Ş. 2,88% Burgan Bank A.Ş. 23,9% Burgan Bank A.Ş. 1,44 Alternatifbank A.Ş. 0,37% Şekerbank T.A.Ş. 4,38% Burgan Bank A.Ş. 2,57% Odea Bank A.Ş. 23,4% Turkland Bank A.Ş. 1,36 Turkland Bank A.Ş. -0,76% Turkland Bank A.Ş. -5,48% Arap Türk Bankası A.Ş. 1,64% Peer Group & Banking Average Banking Sector Peer Group 41,6% 61,3% Banking Sector Peer Group 1,74 1,87 Banking Sector Peer Group 1,40% 2,21% Banking Sector Peer Group 10,51% 14,85% Banking Sector Peer Group 2,86% 4,16%

16 % YoY Total Assets Growth Rate 45% % 40% 38% % CAGR 60% % 25% 23% 21% 26% % 20% 15% 10% 5% Years 0% * Peer Group: Anadolubank, Arap Türk Bankası, Bank Pozitif, Fibabanka, Burgan Bank, Turkish Bank, T-Bank, ICBC Turkey, Abank

17 %66 Cost/Income Ratio %62 Peer Group avg: 52% 4,50% 3,75% NPL Ratio 3.66% 3.36% 4.04% 4.16% %43 3,00% 2,25% 2.62% 2.67% 2.97% 2.50% 2.89% 2.88% 2.37% 3.12% 2.97% % 1,50% 1.91% 1.74% 1.86% 2015 Q Q Q4 0,75% 2013/ / / / /6 2017/12 Aktif Bank Peer Group Banking Sector Strong focus on operating costs for the last three years, and reached the lowest C/I ratio among the peers in Process optimization and paperless digital transactions projects aim to increase efficiency by 10% every year Long established and proven risk management High technology solutions and in-house developed instant credit evolution system Prudent provisioning & strong collections performance

18 Domestic 34% Composition of Liabilities & SE Payables to Banks; 30% Shareholders Eq; 11% Other liabilities; 9% Payables to money market; 8% Foreign 66% Securities Issued; 33% Funds; 9% 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

19 Firsts in Turkey First Bank Bond in Turkey TRY 22 Billion Bond issuance to date Digital public offering of N Kolay Bond Turkey s First ABS Issuance TRY 2.7 Billion ABS issuance AAA rated securities TRY 300 Million ABS issuance for Turkcell Finansman International Issuance USD 100 Million Notes Issuance for Calik Holding through Irish Stock Exchange USD 120 Million and EUR 125 Million Notes issuances for Aktif Bank First in Islamic Finance Turkey s first project financing Sukuk issuance for financing Istanbul International Financial Center project TRY 300 Million in three Sukuk issuances for IIFC project Islamic Finance Deal of the Year award from The Banker First Islamic dept instrument listed on Borsa Istanbul issued for Fleetcorp First Sukuk listed at Irish Stock Exchange GEM, international issuance amounting to USD 118 Million First Credit Linked Note in Turkey Sale of corporate loan risk exposure to investors through structured product issuance

20 0.5 Corporate Loan Size (TRY Bln) 20% Energy Services Finance Construction Textile Trade Sports Other Corporate Banking Exposure 9% 21% 14% 5% 6% 25% % 3% ROA 3.9% Commission Income TRY 209 Mln

21 Sports Finance Innovative solutions for club financing with the synergy of Passolig EkoLig provides knowhow through Sports Financing Summit, Sports Financing Certificate Programs TRY 2.5 Bln loan for 16 football clubs, TRY 650 Mln balance Stadium financing with the longest term and budget in Turkey

22 Energy Finance Long term project finance which funds SEP, WPP, GPP and HPP installations The only model measuring the agricultural value chain endto-end and converting this value into investment Proving itself with cotton finance, this innovative model will expand with new products Besides financial support; following innovations, channeling the bank into new opportunities and channels 21 projects, Loan limit up to $300Mln, investment of $80Mln Project finance and partnership solutions in renewable energy industry Training and consultancy services for farmers and operators Stakeholdership and investment in highly-potential projects supported by TUBITAK and BSTB

23 Investment Banking Access to International Financial Markets Intermediary and advisory services Management of negotiation strategies and procedures Management of investment banking transactions Correspondent Banking Corporate Consultancy and Financing Cash management and remittance services to more than 150 Banks with flexible and competitive T&C UPT for retail remittance transaction Competitive treasury services DCM tools Islamic finance Trade finance ECA and Trade loans Debt advisory and restructuring services Easy access to local and international financial markets Islamic Finance Active collaboration with ITFC and ICD of IDB Group Non-Cash Loans, Mezzanine, Leasing, and Refinancing Advisory for Asset-Backed Financing, Syndicated Loans Working Capital Advisory services Ability to offer murabaha, ijara and wakala placements Loans through major consumer goods dealers-structured in a Shariah compliant manner

24 4200 Banking services through Post Offices; one of the largest distribution channels of Turkey 2646 Consumer lending through retail outlets 567 Quick and easy auto loans via contracted car dealers 412 Licensed bill payment subsidiary, servicing via dedicated franchise branches We Created a Unique Retail Banking Service Model Kiosk banking through retail outlets throughout the country Licenced remittance payment institution subsidiary, operates globally

25 Massive customer acquisition through affinity cards and digital solutions 3.8 Mln Customer Passolig Fan-ID card and e-ticketing system; resulted a massive bank customer acquisiton 9 Mln Card Transportation cards and smart city technologies in 15 cities; reached to millions of customer and annual 1 bln financial transactions Provide top-level earnings N Kolay Bono provides high level earnings to individual customers for their investments. We Created a Unique Retail Banking Service Model 2 Mln APPLICATION 200 K SMEs Nkolay.com digital banking platform provides banking products with all variety Smart POS sales and distribution activites; created a large SME network (10% of market)

26 Aktif Bank Sector Crosscheck Number of branches* 4.2K 10.5K 40% ATM-Kiosk 4K 48K 8% Number of customers 6.6 Mln 46 Mln 14.3% Number of employees including subsidiaries Number of customer per employee Number of cards per employee Individual retail loans (TRY) per employee 1.3K 195K 0.6% 5.1K times 2.5K times 1.5Mln 0.9Mln 1.7 times * Figure includes Turkish Postal Office Branch Network

27 Sector Ranking (2017 Q3) Balance (Mln TL) Aktif Bank* Market Market Share 2016 EoY % 2017 EoY % Growth rate 32% 17% Ranking Bank Consumer Loan (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, Türkiye Vakıflar Bankası T.A.O. 20, Yapı ve Kredi Bankası A.Ş. 18, Akbank T.A.Ş. 16, Türkiye Halk Bankası A.Ş. 15, Denizbank A.Ş. 10, Finans Bank A.Ş. 9, ING Bank A.Ş. 5, Türk Ekonomi Bankası A.Ş. 4, Aktif Yatırım Bankası A.Ş. 2, Odea Bank A.Ş. 1, HSBC Bank A.Ş Şekerbank T.A.Ş Burgan Bank A.Ş Fibabanka A.Ş ICBC Turkey Bank A.Ş Alternatifbank A.Ş Anadolubank A.Ş BankPozitif Kredi ve Kalkınma Bankası A.Ş Turkish Bank A.Ş Turkland Bank A.Ş Birleşik Fon Bankası A.Ş. 2 1 Total Number of Sector 178,873 10,593 * Balance collateralized for asset-backed security is included

28 Post Office Loan issued (TRY) 1.8 bln Retailers & Auto 468 mln Digital 361 mln Insurance Commission Income (Mln TRY) In Mln Credit Life Insurance Commission Income * Including only Dealers and Post Office

29 672K 3.8 Mln Cards Sold 1.6M # of Cards 3.8M The unique card experience 3.5M which allows the cardholders; 2.5M Q1 7.2 Mln Match tickets sold PASSOLIG TRY610 Mln & Ticket Combined Ticket Turnover 12 Mln People went to stadiums Largest issuer of prepaid cards in Turkish Private Banking Sector 1,713,002 cards To enter football stadiums and purchase season or daily electronic match tickets, Experience 100 % online card application form and e-ticketing platform, Choose Debit/prepaid and credit card preferences, Benefit Customized campaign management, Replace the mass transportation cards thanks to DESFire technology, Enjoy fast & easy contactless payment feature, Provide financial contribution to the teams they support with each card transaction.

30 1.5 Mln download Since May 2017 Mobile Payment, Match Ticket, Card Application, Top-up Extension Follow-up fixtures and league table Alert system

31 Targeting the unbanked bill payment customers Free & easy to get via N Kolay franchises and use instantly Cardholders can access their utility payment history and benefit various segmented campaigns Solution for immigrants card system access Free & easy to get via UPT agents and use instantly Integrated with the UPT payment account and money transfer services First of its kind payment experience in mass transportation globally. Mchip advance technology enables cardholders to benefit from various campaigns. Transfer and fare differentiation are applicable Integrated with mobile app and HCE. Contactless payment feature

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33 27 CITIES 3.8 Mln Passolig Cards 47 STADIUMS TRY 610 Mln & Ticket Combined Ticket Turnover 12 Mln Stadium Entries 7.2 Mln Sales 835 K Cards Sold through Box Offices 10,000 Security Camera System 2,000 Turnstiles 800 Portable Terminals 500 Box Offices 47 System Rooms and Operation Centers

34 Transactions Invoice payment Prepaid GSM top-up Match tickets N Kolay Loan Application Money Transfer Credit Card Payment Subscription 564 Transactions N Kolay Stores 3,750 Kiosks 75 Mln Transactions 3.7 Mln Monthly Customer Traffic Transactions (Mln) EBITDA (Mln TRY)

35 The Largest Local Insurance and Reinsurance Broker Premium (Mln TRY) 160 m 91 m 43.6 m Operations in Turkey and nearby 15 countries With its 30% market share, the largest broker in solar insurance The largest local insurance and reinsurance broker company operates with multiple distribution channels 160 Mln TRY insurance premium volume, 1 millon + retail and coparate customer portfolio

36 UPT in 2017: Transactions (Mln) EBITDA (Mln TRY) TRY 2.4 Mln Transactions Collaborating with approximately 200 Active Countries Ranked 173 rd in 500 Great Service Exporters, 4 th in Banking and other financial services Market Share Reached 22% from 16%

37 Fastest Easiest Lightest Desktop Cash Register Exclusive partner of Ingenico and has 60% market share in Turkish POS devices market. POS Devices Sold (pcs-thousand) Net Turnover (Mln TRY) EBITDA (Mln TRY)

38 20,000 Points of Market Automation Target Purchasing instead of Renting New Generation Software Architecture Windows- Based Flexible Integration Structure Real Time And Two - Sided Communication Managed by Web and Mobile Loyalty Card Management Campaign Management Plug & Run, Set-up Easy Training and Practical Use The Scope of Şok Supermarkets Project; devices installed in stores as of end of September, The Scope of BİM Supermarkets Project; two stores were selected for pilot scheme period at Bursa Regional Directories, The goal is to expand all over Turkey in the year of 2018

39 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...

40 III. TCMA Awards Aktif Bank was granted "the most creative capital market project award" for its N Kolay Bond product in the "Special Awards" category at the 3 rd Turkish Capital Markets Association Awards. IFN (Islamic Financial News) Awards At the annual "IFN Deals of the Year" awards ceremony organized by IFN, an international organization, Aktif Bank Gap İnşaat A.Ş. won the "Sukuk Deal of the Year" award for the overseas sukuk issuance it mediated. Bonds & Loans Awards At the annual award ceremony organized by Bonds & Loans magazine, one of the leading finance publications in the world, Aktif Bank received the "Structured Finance Deal of the Year" for the Asset Backed Security (ABS) Issuance it mediated for Turkcell Finansman A.Ş. The Banker Awards Aktif Bank left the globally-known financial institutions in the dust, and was granted with The Best Project award in "Compliance" category of "Technology Projects of The Year 2017" competition organized by The Banker, one of the leading global publications, with its Rise Platform utilized to manage the structures of processes and internal systems. Inovalig Aktif Bank was granted the 3 rd prizes in the "Innovation Organization and Culture" category of the "İnovalig" competition, attended by the most important campanies and organized by the Turkish Exporters' Assembly for the 4 th time this year. Pay Awards Aktif Bank was granted award in the most important prepaid organization of the world, the Pay Awards for its N Kolay Loan in Best International Program category. The Stevie Awards Aktif Bank was granted the Bronze Award in the category of IVR or Web Service Solution New Version with Passolig Card IVR Improvement project in the The Stevie - Awards organized for the 11 th time this year. Mastercard Catalyst Awards Aktif Bank was granted the MasterCard Catalyst 2017 awards in the sales category and recognized as the third bank which increased its debit card numbers most within a year Annual Report, based on the theme Skill and Imagination, won 14 awards in 2017 LACP Awards Based on the theme Skill and Imagination, Aktif Bank was granted with 12 awards including Platinum Awards in Banking category and Gold Awards in Best Cover Design as well as Silver Awards in same categories of the "Vision Awards" Mercomm Awards Aktif Bank was granted with 2 awards including Honor Award in Written Text category and Gold Awards in Non-Traditional Annual Report category.

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