Consolidated investment amount of Akfen Holding, which made a turnover of TRY 1,239,000,000 with an increase of 20 percent in 2014, became TRY 324,000,000 for the same period. The 2014 financial results of Akfen Holding were announced. Earnings Before Interest, Taxes, Depreciation and Amortization (EBITDA) of the holding increased by 8 percent to TRY 32.7 million in 2014. The EBITDA margin of the company reached 27.4 percent. Considering the proportionate consolidation, the turnover of the holding increased by 20 percent to TRY 1,239 million and EBITDA increased by 27 percent to TRY 424 million. The EBITDA margin reached 33.9 percent. The company ended the year with a loss of TRY 11.9 million because of the exchange difference. According to the share of Akfen Holding in its subsidiaries and partners in 2014, the amount of consolidated investment became TRY 324 million. CEO of Akfen Holding, Süha Güçsav evaluated the 2014 financial results of Akfen Holding and stated that the general performance of subsidiaries and partners of the Holding conformed to the goals of the previous year. Güçsav expressed the following views: “At Akfen Holding, we continued our planned investments in 2014. Moreover, 2014 was a year in which we made use of the capital market instruments in an efficient way. We offered a bond of TRY 400 million to the public with two bond issues completed in three times throughout the year. Up to today, these public offerings have been realized with the longest term bonds issued for private sector, and thus, funding sources of our Holding have become diversified and the term of financial liability has been extended. We made a bond principal repayment in the amount of TRY 200 million in March 2014. We believe that company shares of Akfen Holding reflecting their real values are crucial for the protection of the investors. It was in this manner that we completed the “Share Repurchase Program” initiated before with the purpose of increasing the return of the shares belonging to the partners of the company after the share purchase reaching 10 percent of the company capital in 2014; and we decided to initiate another repurchase program in 2015.” Süha Güçsav also mentioned performances of the subsidiaries and partners of Akfen Holding throughout the year and he emphasized that especially with the effects of strong operational leverages of TAV airports and Mersin International Port, the turnovers and profitability of these companies reached record levels. THE NUMBER OF TAV PASSENGERS INCREASED BY 13.7 PERCENT In 2014, TAV Airports Holding continued to provide service in 5 airports in Turkey and a total of 9 airports in 6 countries abroad. Total number of passengers of TAV increased by 13.7 percent and the number of commercial aircrafts increased by 14.5 percent in 2014. TAV Insaat became a global brand in international airport constructions. The total business volume of TAV Insaat reached USD 2.1 billion with construction works which are in progress in Abu Dhabi, Qatar, Oman as one airport for each country and Saudi Arabia as three airports. MIP (MERSIN INTERNATIONAL PORT) INITIATED AN INVESTMENT OF USD 170 MILLION Mersin International Port (MIP) continued to grow in 2014 as well. MIP increased its total volume of handled containers in 2014 by 8.7 percent and reached 1.5 million TEU compared to the previous year. It achieved a greater success in conventional cargo and increased the cargo amount which was 7.6 million tons in the previous year to 8.8 million tons with an increase of 16.8 percent in 2014. 2014 WAS A YEAR OF PROGRESS FOR AKFEN INSAAT While Akfen Insaat initiated the preparatory works for the construction of 755-bed Isparta City Hospital, which it undertook the investment process within the scope of Public Private Partnership Model with the Ministry of Health, it also placed the best offer for 81-bed Eskisehir City Hospital. Approximately 56 percent of the houses in Incek Loft housing project with 1,119 units developed in Ankara were sold. ENERGY DIVERSITY WILL INCREASE BY THE WIND Akfen energy companies continued their investments throughout the year. Three power plants with an installed capacity of 60.82 megawatts in total started to produce energy in 2014 within Akfen HPP. Thus, it is reached a total installed capacity of 203 megawatts with 11 hydroelectric power plants in 2014. Constructions of Çalıkobası and Çilekli I-II power plants were in progress. Due to the dry weather conditions and small amount of precipitation across Turkey, he total electricity production decreased by 18.5 percent to 322.8 GWs. MEASURES TO INCREASE PROFITABILITY ARE IN PLACE FOR IDO IDO, one of the leading maritime transport companies in the world, transported 47.5 million passengers and 8.2 million vehicles in 2014. It is started to experience the positive results of the measures taken to increase profitability of IDO. NUMBER OF ACTIVE HOTELS IN REIT INCREASED TO 17 Akfen REIT continued to make investments in 3-4 star city hotels at international standards in Turkey and Russia. With Ibis Hotel Ankara Airport which was put into service by September 2014, total number of active hotels of the company became 17 and the total room number increased to 2,911. Novotel Karaköy and Ibis Hotel Moscow projects, construction works of which are now in an advanced stage, are in progress. In addition, construction of Ibis Hotel Tuzla has just started. Once the 3 projects of Akfen REIT which are in construction become operational, the total number of hotels will reach 20 and the room number will increase to 3,628.