INTERNATIONAL CAPITAL IN TURKEY S INDUSTRIAL SECTOR

INTERNATIONAL CAPITAL IN TURKEY S INDUSTRIAL SECTOR July 2010 AN EVALUATION OF THE FOREIGN CAPITAL COMPANIES AMONG 500 LARGEST INDUSTRIAL ENTERPRISES OF TURKEY Published by Istanbul Chamber of Commerce (ISO) since 1968, in 500 Largest Industrial Companies 2009 list, there are 153 companies with foreign capital. 20 of these 153 foreign capital companies are among the top 50. Whereas, the share of foreign capital in 108 of these 148 foreign capital companies is equal and above 50%, and the number of 100% foreign capital companies is 44. Share of foreign capital companies in the ISO-500 list with respect to: 1995 2000 2007 2008 2009 (%) (from production in Turkey) 22,2 28,1 32,9 29,7 33,4 Gross Value Added 20,8 26,3 36,2 34,7 40,3 Profits (for the period) 30,8 60,8 34,8 35,0 38,7 Exports 29,1 37,5 47,4 43,2 48,9 Employment 14,6 19,2 28,9 30,0 29,8 In ISO-500 lists of previous years, there were 88 foreign capital companies in 1990, 110 in 1995, 131 in 2000, 143 in 2007 and 148 in 2008. The share of foreign capital companies indicates an increase in 2009. Top 10 Foreign Capital Companies based on (from production in Turkey) Company (from production in Turkey) Total (exc. VAT) Profits (for the period) Exports Employees Capital Structure (Mio. TRL) (Mio. USD) (Number of) Foreign (%) 1 Oyak-Renault 5,474 5,773 185 3,012 5,947 51 2 TOFAŞ Türk 4,475 5,088 110 2,004 6,939 37.86 3 Ford Otomotiv 4,453 5,615 456 2,039 7,729 41.04 4 Vestel 2,608 2,646 167 1,429 4,358 74.69 5 Toyota Otomotiv 2,242 2,267-1,442-100 6 Unilever 1,998 2,678 256 58-99.98 7 BSH Ev Aletleri 1,858 2,356 324 625 3,586 99.28 8 İpragaz 1,589 1,607 76 1 666 100 PHILSA Philip Morris 9 Sabancı 1,533 1,570 674 60 731 75 10 Mercedes-Benz Türk 1,473 2,464 146 524 3,975 84.99 YASED International Investors Association 1

ANNEX: FOREIGN CAPITAL COMPANIES IN ISO-500 LIST * Companies which could not be seen on the list of the previous year Ranking 2009 2008 Company (from production in Turkey) (Mio. TRL) Share of Foreign Capital (%) 1 3 5 Oyak-Renault Otomobil Fabrikaları 5,473,800,040 51 2 5 6 TOFAŞ Türk Otomobil Fabrikası 4,474,987,711 37.86 3 6 3 Ford Otomotiv Sanayi 4,453,366,442 41.04 4 9 14 Vestel Elektronik San. ve Tic. 2,607,833,207 74.69 5 13 13 Toyota Otomotiv Sanayi Türkiye 2,242,064,925 100 6 16 17 Unilever Sanayi ve Ticaret Türk 1,998,333,745 99.98 7 17 24 BSH Ev Aletleri San. ve Tic. 1,857,582,934 99.28 8 19 22 İpragaz 1,589,071,147 100 9 21 PHILSA Philip Morris Sabancı Sigara ve 25 Tütün. San. ve Tic. 1,532,679,213 75 10 22 21 Mercedes-Benz Türk 1,472,696,529 84.99 11 25 31 Coca-Cola İçecek 1,307,568,657 20 12 28 33 Borçelik Çelik Sanayii Ticaret 1,137,692,827 45.33 13 35 29 Diler Demir Çelik Endüstri ve Tic. 902,848,719 12 14 37 39 Bosch Sanayi ve Ticaret 879,517,080 100 15 39 53 Areva T&D Enerji Endüstrisi 865,849,036 99.97 *16 42 - - - 100 17 43 38 Hyundai Assan Otomotiv San. ve Tic. 787,370,257 85 18 48 Borusan Mannesmann Boru Sanayi ve 36 Ticaret 769,547,358 6.67 19 49 BRISA Bridgestone Sabancı Lastik San. ve 54 Tic. 729,510,318 43.63 20 50 72 Ülker Çikolata Sanayi 723,005,643 38 21 51 27 İzmir Demir Çelik Sanayi 721,465,088 1.07 22 52 56 Siemens Sanayi ve Ticaret 711,217,792 99.78 23 55 52 Akçansa Çimento Sanayi ve Ticaret 697,867,554 39.72 24 61 62 Türk Pirelli Lastikleri 649,423,805 100 25 62 95 C.P. Standart Gıda Sanayi ve Ticaret. 629,393,427 100 26 69 77 Tat Konserve Sanayii 617,279,383 5.26 27 71 87 MAN Türkiye 606,042,027 99.98 28 72 93 JTI Tütün Ürünleri Sanayi 602,633,060 100 29 81 65 Delphi Automotive Systems Ltd. Şti. 538,755,292 100 30 84 59 Türk Traktör ve Ziraat Makineleri 525,216,591 37.5 *31 89 - - - 100 32 90 117 Paşabahçe Cam San. ve Tic. 496,554,170 0.58 33 91 73 Trakya Cam San. 492,513,445 6.71 34 96 79 Goodyear Lastikleri T. 482,185,042 74.6 35 100 44 Honda Türkiye 472,640,543 100 36 101 97 ENERJİSA Enerji Üretim 470,513,019 49.99 37 104 105 Ülker Bisküvi Sanayi 466,938,855 26.57 38 108 116 Türk Henkel Kimya San. ve Tic. 457,610,536 99.99 39 110 96 Türk Demir Döküm Fabrikaları 455,406,570 96.19 40 112 74 Akenerji Elektrik Üretim 448,497,328 37.36 YASED International Investors Association 2

41 113 125 Bayer Türk Kimya Sanayi Ltd. Şti. 445,935,847 100 42 115 76 Türk Prysmian Kablo ve Sistemleri 440,711,569 83.7 43 116 83 Noksel Çelik Boru Sanayi 431,882,115 40 44 117 124 Kent Gıda Maddeleri Sanayii ve Tic. 426,859,810 99.45 45 121 Indesit Company Beyaz Eşya Sanayi ve 150 Ticaret 416,923,172 100 46 126 149 Betek Boya ve Kimya Sanayi 383,035,478 26.38 47 127 78 Arçelik-LG Klima San. ve Tic. 379,510,363 50 48 136 142 Advansa Sasa Polyester Sanayi 359,766,635 51 49 137 250 Tüprag Metal Madencilik San. ve Tic. 359,401,116 99.99 50 142 Autoliv Cankor Otomotiv Emniyet Sist. San. 148 ve Tic. 352,922,777 100 51 147 161 Starwood Orman Ürünleri Sanayi 331,923,653 3.7 52 152 Novartis Sağlık Gıda ve Tarım Ürün. San. ve 163 Tic. 325,231,371 100 53 155 156 Eczacıbaşı Yapı Gereçleri San. ve Tic. 316,281,325 0.36 54 156 Çimko Çimento ve Beton Sanayi Ticaret 270 314,176,415 30 55 161 194 Pfizer İlaçları Limited Şirketi. 304,556,403 100 *56 163 - - - 100 *57 167 Fruko Meşrubat Sanayii Ltd.Şti. 291,317,241 99.4 58 171 176 Doğan Gazetecilik 287,207,095 22 59 172 Zentiva Sağlık Ürünleri Sanayi ve Ticaret 131 283,937,140 100 60 175 158 Nexans Türkiye Endüstri ve Tic. 281,892,715 100 61 176 266 Standard Profil Otomotiv San. ve Tic. 280,109,888 100 62 177 222 Bosch Termoteknik San. ve Tic. 279,588,056 100 63 179 337 Deva Holding 278,645,893 82.24 64 184 Mondi Tire Kutsan Kağıt ve Ambalaj Sanayi 201 274,389,626 65.89 65 185 Federal-Mogul Piston Segman ve Gömlek 152 Üretim Tesisleri 271,363,994 50 66 186 193 Schneider Elektrik Sanayi ve Ticaret 266,009,419 99.99 67 191 203 Perfetti Van Melle Gıda San. ve Tic. 262,420,511 100 68 192 Artenius Turkpet Kim. Mad.ve Pet Amb. Mlz. 177 San. 262,226,134 100 69 194 211 İpek Kağıt Sanayi ve Tic. 259,751,066 50 70 199 233 Vitra Karo San. ve Tic. 251,481,835 1.18 71 200 227 Tusaş Motor Sanayii 251,050,637 46 *72 203 - - - 20 73 207 234 Cargill Tarım ve Gıda Sanayi Ticaret 243,741,342 100 74 208 ÇİMENTAŞ İzmir Çimento Fabrikası Türk 221 242,216,895 97.79 *75 212 Doğa Organik Gıda ve Tarım Ür. Ürt. ve Tic. İth. İhr. A.Ş 239,642,387 50 76 213 209 Yazaki Otomotiv Yan Sanayi ve Ticaret 238,887,041 100 *77 217 - - - 70 YASED International Investors Association 3

78 220 Componenta Dökümcülük Ticaret ve 111 Sanayi 229,491,207 93.57 79 224 Glaxosmithkline İlaçları Sanayi ve Ticaret 416 225,392,643 100 80 227 Olmuksa International Paper-Sabancı Amb. 238 San. ve Tic. 220,294,533 43.73 81 228 202 Polinas Plastik Sanayii ve Ticaret 219,487,178 25 *82 240 - - - 99.99 83 246 251 Bizimgaz Tic. ve San. 197,558,583 99.15 84 250 Cimpor Yibitaş Çimento Sanayi ve Ticaret 230 194,669,386 100 85 254 Beyçelik Gestamp Kalıp ve Oto Yan San. 261 Paz. ve Tic. 190,710,340 50 *86 260 FNSS Savunma Sistemleri A.Ş 183,412,695 49 87 262 Major SKT Oto Donanım Sanayi ve Ticaret 341 182,506,787 50 88 263 239 Ontex Tüketim Ürünleri San. ve Tic. 182,175,507 100 89 264 253 Demirer Kablo Tesisleri San.Ve Tic. 182,127,683 2.25 90 267 365 Progıda Pazarlama 181,083,190 69 91 269 Nortel Networks Netaş Telekomünikasyon 315 179,751,945 53.13 92 270 316 Kale Kilit ve Kalıp San. 179,702,006 24.34 93 273 214 Mobil Oil Türk 179,142,306 99.99 94 276 262 Petrol Ofisi 177,901,028 34 95 278 412 Özmaya Sanayi 175,964,016 100 96 283 Unipro Gıda Sanayi ve Ticaret A.Ş 174,523,904 99.9 97 287 Arcelormittal Ambalaj Çeliği San. ve Tic. 240 171,509,159 75 98 291 295 Alliance One Tütün 170,552,271 99.35 99 293 133 Anadolu Isuzu Otomotiv Sanayi ve Tic. 169,166,475 29.75 *100 294 - - - 99.95 101 299 382 Aydınlı Hazır Giyim San. ve Tic. 167,338,207 4 102 303 321 Konya Çimento Sanayii 166,182,735 81.88 *103 304 - - - 49 104 307 304 Ege Profil Tic. ve San. 164,611,462 97.54 105 309 Alcatel Lucent Teletaş Telekomünikasyon 312 163,279,250 65 106 311 293 Marshall Boya ve Vernik Sanayii 163,186,634 39.4 107 312 Eczacıbaşı-Baxter Hastane Ürünleri Sanayi 415 ve Ticaret 162,742,294 50 108 314 447 İ.E. Ulagay İlaç San. Türk 161,214,558 88 109 317 350 Cognis Kimya Sanayi ve Ticaret A.Ş 160,076,325 99.99 *110 323 Aunde Teknik Tekstil San. ve Tic. 156,305,138 50 *111 330 - - - 99.96 112 338 289 PİLSA Plastik Sanayi 146,487,666 100 113 339 GÖLTAŞ Göller Bölgesi Çimento San. ve Tic. 375 146,020,094 35.02 114 340 327 Çelikord 145,623,125 100 115 341 290 Baymak Makina Sanayi ve Ticaret A.Ş 145,477,242 50 116 346 Toyota Boshoku Türkiye Otomotiv San. ve 328 Tic. 144,194,273 100 YASED International Investors Association 4

117 348 406 Fresh Cake Gıda San. ve Tic. 143,643,162 50 118 349 Kumtel Dayanıklı Tüketim Malları Plastik 362 San. ve Tic. 142,847,937 3 119 352 380 Denizli Çimento Sanayii T. 140,814,015 50 120 353 392 Tam Gıda Sanayi ve Ticaret 140,316,399 6.22 121 366 320 Dow Türkiye Kimya Sanayi ve Ticaret Ltd. Şti. 136,032,474 100 122 369 314 Biofarma İlaç Sanayi ve Ticaret 133,201,656 100 123 375 ALTEK Alarko Elektrik Santralları Tesis 377 İşletme ve Tic. 131,096,596 50 124 377 Rotopak Matbaacılık Ambalaj San. ve Tic. 425 130,423,343 100 125 380 Üniteks Gıda Tekstil Motorlu Araçlar San.Ve 391 Tic. 128,922,657 20 126 383 348 Kansai Altan Boya San.ve Tic. 128,566,453 51 127 388 Arbel Bakliyat Hububat San. ve Tic. 125,787,118 100 128 399 410 Adoçim Çimento Beton San. ve Tic. 123,311,196 50 129 402 364 Ortadoğu Rulman Sanayi ve Ticaret 122,418,319 3.35 130 407 356 Termo Teknik Tic. ve San. 120,769,434 100 131 413 454 BASF Yapı Kimyasalları San. 119,599,959 100 *132 423 Subor Boru San. ve Tic. 117,387,577 50 133 425 296 Fako İlaçları 117,210,504 100 *134 428 Türk Tuborg Bira ve Malt Sanayii 116,502,644 95.69 135 432 284 Teknik Malzeme Tic. ve San. 115,603,130 50 *136 436 Bekaert İzmit Çelik Kord San.Tic. 113,896,446 100 137 442 370 Bosch Fren Sistemleri San. ve Tic. 112,263,564 84.5 138 443 Hema TRW Otomotiv Direksiyon Sistemleri 446 112,169,723 20 139 444 354 Hayes Lemmerz İnci Jant Sanayi 112,005,359 60 *140 445 Bpo B-Plas Plastic Omnium Oto. Plas. ve Metal Yan. San. 111,915,138 50 141 449 307 Aytaç Gıda Yatırım San. ve Tic. 111,435,009 8 142 450 Onduline Avrasya İnşaat Malz. San. ve Tic. 472 111,310,194 100 *143 462 PNS Pendik Nişasta Sanayi 108,062,320 50 *144 464 - - - 99.99 145 474 394 Alarko Carrier Sanayi ve Ticaret 105,448,402 42.03 146 481 396 Hugo Boss Tekstil Sanayii Ltd. Şti. 103,981,104 100 *147 486 Buga Otis Asansör San. ve Tic. 102,637,503 59.5 *148 487 Lear Trim Oto Yan San. Ltd. Şti 101,918,048 100 149 493 459 Schott Orim Cam San. ve Tic. 101,107,295 100 *150 494 - - - 99.99 151 495 451 Doruk Ev Gereçleri Sanayi ve Tic. Ltd. Şti. 100,727,422 100 *152 496 Teknorot Otomotiv Ürünleri Sanayi ve Ticaret 100,208,170 5 *153 498 Erikli Su ve Meşrubat San. ve Tic. 98,978,624 60 YASED International Investors Association 5