Strictly Private and Confidential Eura Audit International Congress

Strictly Private and Confidential Eura. Audit International Congress Warsaw October 26 th to 30 th, 2012 Page 1

Contents 1. Turkey 2. Who we are? 3. What we do? 4. Our Team Page 2

Turkey 1 Page 3

HIGHLIGHT • Reasons ? GROWTH TAX • Corporate Tax Rate • VAT • Witholding Tax AUDITING • New Commercial Code Page 4

Who we are 2 Page 5

We believe that BALIKLI is ideally placed to work on this project by following highlights n We deliver financial services and advice to a broad range of businesses, corporate clients. n We are a boutique audit and advisory firm who understands your needs better. n We have been established in 2007, based on our founding partners experience in audit and advisory areas. n Participated Eura. Audit in 2012. n We have long been regarded as technical experts in our chosen areas regarding: -Corporate Business Advisory -International Standards on Auditing (ISA) -International Financial Reporting Standards (IFRS) n We combine the efficiency and technical expertise and build close relationships. We will adopt an approach which maximize your chances of completing a successful transaction. We will act your partners in business. . . Page 6

Inspiring Confidence. We can identify the problems, stem the decline and stabilize the business. The focus is always on delivering practical realistic solutions with global expertise and local knowledge. Our mission is to provide clients with a quality service that focuses on the specific needs of each client - addressing business problems with creative solutions grounded in practical experience and high levels of expertise. We are committed to the values of integrity, professionalism and independence - as well as the desire to share our skills and knowledge across borders to provide our clients with a world-class range of services at world-class standards. We are an organization dedicated to consistent and high quality standards of financial reporting, auditing and advisory practices. We are expertise in accounting, auditing and business advisory services with inspiring confidence. Our mission is clear. We give our client the encouragement and guidance required above the expectations. This means providing clients with a quality service that focuses on the specific needs of each client. It means addressing business problems with creative solutions that are grounded in practical experience and high levels of expertise with perfectionist manner. And it means maintaining integrity, professionalism and independence at all times. The services listed are by no means allinclusive. We offer different services based on the individual needs of clients and markets. It is our aim to tailor our services to clients’l Audit l Advisory l not to force ready-made products on clients. It needs, BALIKLI means innovation at Page 7

work. And services designed around the client. Our ethos is about delivering services to address specific goals, rather than in selling pre-existing products that may not be wholly suited to the task. We believe in Rent of Intelligence. We recognize that business issues are not always easy to define, and may not fit neatly within a single category. This is where our holistic approach becomes most valuable. The wide range of services we ask what our clients offer is only a starting-point, not an exclusive list. We prefer to want to achieve, and then help you to it by drawing on whichever areas of our expertise are appropriate. Dedicated teams in different services areas are accustomed to working together to solve problems, complementing one another’s skills to provide one integrated service. When the clients engage us, they are confident that dedicated, experienced professionals will carry out the work. We know the importance of having teams who specialize in their service area and who have real sector experience. A partner is who to be deal directly and be regular point of contact, progress updates with a single phone call. We are dependable and business-friendly. We deliver in a way that causes minimal disruption, so that the client can continue to focus on your regular activities. Our services are delivered by dedicated teams of specialists with experience in the appropriate sector, and each team is led by a partner who will be your dependable contact. At all times we do keep up to date, while knowing that your business is in safe vision. Our Ethos is about Page 8 the individuals hands. A positive culture is our working together. We believe in giving teams the same encouragement as BALIKLI l Audit l Advisory l

What we do 3 Page 9

Audit Advisory n Auditing of Financial Statements n Mergers & Acquisitions according to IFRS, US GAAP and UK GAAP n Strategic and Valuation Advice n Initial Public Offerings (IPOs) n Special Purpose Audit n Private Equity Advisory n Review of Internal Control Systems n Support and preparation of vendor and buyer due diligence reports for Mergers and Acquisitions n Outsourcing BALIKLI’s competences Tax Page 10

Auditing of Financial Statements according to; ü International Financial Reporting Standards (IFRS) ü United States Generally Accepted Accounting Principles (US GAAP) ü United Kingdom Generally Accepted Accounting Principles (UK GAAP) ü Other National GAAPs ü Restatement of Financial Statements in accordance with IFRS, USGAAP, UKGAAP and other National GAAPs • Special Purpose Audit • Services regarding Initial Public Offerings (IPO) • Support and preparation of vendor and buyer due diligence reports for Mergers and Acquisitions • Review of Internal Control Systems Page 11

Advisory • Deals ü Mergers & Acquisitions ü Strategic and Valuation Advice ü Transactions Financial Due Diligince Buy Side Financial Due Diligince Sell Side ü Initial Public Offerings (IPOs) ü Private Equity Advisory • Risk • Outsourcing Tailor made solutions… Page 12

Academy • New Turkish Commercial Code • IAS l IFRS • Internal Audit and Fraud • Auditing & International Auditing Standards (ISA) • Accounting & Finance • Risk • Outsourcing Page 13

Some of Our Clients… • Jotun Kimya • Kalekim Boya • Kariyer. net • Kayalar Kimya • Likya Minelco Madencilik • Marshall Boya • Pizza Gıda • Polimer Kauçuk • Polisan Boya • Recordati Yeni İlaç • RBM • Terraco Boya • Uğur Derin Dondurucuları • Uyum Marketleri • Vansan Makine Sanayi Page 14 • Akçalı Boya • Bahçıvan Gıda • Bak Ambalaj • Batıçim Batı Çimento • Betek Boya • Braaf Gayrimenkul • Chicco Tekstil • ÇBS Boya • Cem Bialetti Türkiye • Dalan Kimya • DYO Boya • EBSO • Güral Porselen • Güral Premier Hotels • İzeltaş Ev Aletleri

Client Portfolio Page 15 BALIKLI l Audit l Advisory l

Client Portfolio Within Turkey 3 Seas Çakmaktepe Bahçıvan Cevher Döküm Likya Minelco Nereli Papix Sunel As Tavukçuluk Batıçim Batısöke Besaş Burgaz Elektrik Kent Hastanesi Selçuk Gıda Unitex Uyum Marketleri Genova İlaç Maestro AIESEC Bak Ambalaj Doğan Holding Doğan Yayıncılık Page 16 Due Diligence IFRS Reporting IFRS Reporting Capital Markets Board Reporting Capital Markets Board Reporting Capital Markets Board Reporting Consultancy Consulting International Reporting Training IFRS Consultancy BALIKLI l Audit l Advisory l

Client Portfolio From Germany Remondis IFRS Reporting Storopak IFRS Reporting From Italy Chicco IFRS Reporting Cosbiom Boğaziçi University Audit Reporting Cem Bialetti Consulting Stansun BRAAF Hilal Elektrik Likya Minelco Zimko Inve Due Diligence Consultancy IFRS Reporting Kyrgyzstan Nederland Azerbaijan Switzerland Israel UAE Ireland Germany, Greece, Holland, Ireland, Israel, Italy, Kyrgyzstan, Nederland, Romania, Qatar, Spain, UAE, UK and USA. Page 17 BALIKLI l Audit l Advisory l

Our team 4 Page 18

Our key team members Tuğba Balıklı, Partner Tel: +90 212 213 6080 E-mail: tugba. balikli@balikliaudit. com n Ms. Balıklı has been in auditing and finance area for 14 years professionally. She has been conducting audit work for wide range of companies from various sectors. She had gained experience in auditing at Ernst & Young and PKF. She also served as Accounting Manager in HSBC Brokerage Firm. Her area of expertise is accounting and auditing to variety of private and publicly held clients regarding mainly IFRS, ISA, CMB (Capital Markets Board) Regulations, Mergers and Acquisitions. She also has international experience in Germany, Greece, Holland, Ireland, Israel, Italy, Kyrgyzstan, Nederland, Romania, Qatar, Spain, UAE, UK and USA. Qualifications n FEE (The Federation des Experts Comptables Europeans) Country Representative appointed by TURMOB (Union of Chambers of Certified Public Accountants of Turkey). Serves on the Auditing Working Party of the Federation in Brussels / Belgium. n Consultant for European Union Commission - Business Management Center n SMMM (Certified Public Accountant) n Audit Committee Member of Audit Association and Expert Accountants' Association of Turkey n Auditing Expert (Licensed by Capital Markets Board) n Rating Expert (Licensed by Capital Markets Board) n Trainer specifically on auditing and reporting standards Page 19

Page 20 İstanbul office +90 212 213 6080 BALIKLI l Audit l Advisory l İzmir office +90 232 482 1972

SCENE Thank you. . . www. balikliaudit. com contact@balikliaudit. com BALIKLI on social media http: //www. facebook. com/pages/Balikli-Audit-Advisory-Academy-/ https: //twitter. com/#!/balikliaudit http: //www. linkedin. com/company/ Balikli | Audit | Advisory Page 21