New York, March 2007

1. TAV Airports“Turkey: The New Destination for Direct Investment and Private Equity”Dr. Sani ŞenerCEO, TAV Airports Holding New York, March 2007

2. Agenda • TAV Airports Overview • IPO Summary • Conclusion Istanbul AtatürkAirport

3. TAV Airports Group As • a successful example of PPP • a regional power • recently floated

4. TAV Airports Holding:Airport & Service Companies Airports Duty Free Food and Beverage Ground Handling Other Turkey • Istanbul Atatürk Airport (100%) • Ankara Esenboğa Airport (75%) • Izmir Adnan Menderes Airport (Intl. Terminal) (95%) Georgia • Tbilisi International Airport (60%) ATÜ (50%) • Largest duty free operator in Turkey • Partner with Unifree – leading German travel retailer (Travel Value) BTA (67%) • 44 outlets with a total seating capacity of 4,500 in Istanbul • Operates Istanbul Airport Hotel • Bakery & pastry factory serving Starbucks in Turkey Havaş (60%) • Traffic, ramp and cargo handling • Major groundhandler in Turkey with a c.47%(1) market share • Operates in 10 airports in Turkey including Istanbul, Ankara, Izmir and Antalya O&M, IT and Security • TAV O&M (100%): • CIP / VIP • Car park operations • TAV IT (96%): • Airport IT services • TAV Security (67%): • Security service provider in Istanbul, Ankara and Izmir Notes: (1) Based on number of flights for 9M06

5. Ownership Structure Current Shareholder Structure Shareholders Founding shareholders 1. Tepe – Turkish integrated conglomerate focused on infrastructure and construction 2. Akfen – holding company operating in the construction, tourism, foreign trade, insurance and natural gas sectors 3. Sera Yapi Endustrisi – family of Dr. Sani Sener, CEO of TAV Airports New shareholders 4. Goldman Sachs (Dec 2006) 5. Babcock & Brown – infrastructure fund (Dec 2006) 6. Global Investment House – a Kuwait based fund (Aug 2006) 7. IDB Infrastructure fund – Bahrain based private investment vehicle affiliated with the Islamic Development Bank (Apr 2006) 8 1 7 6 2 5 3 4 18.4% free float (post-over allotment)

6. #1 Airport Terminal Operator in Turkey Clear Regulatory Framework and Earnings Visibility • Buoyant Turkish economy  strong passenger growth • Diversified portfolio with leading market position (47% market share(1)) • Large catchment areas (74m population(2)) • Agreed regulatory framework providing hard currency fees • Long-term concessions (Istanbul: 2021, Ankara:2023, Tbilisi: 2027) • Fixed cost base and minimal ongoing capex(3) high cash flow conversion Investment Highlights Notes: (1) Based on 2006 number of passengers(2) TURKSTAT estimate (2007) (3) Minimal capex on existing concessions as all terminals are brand new. Also, the lease agreement for Istanbul mentions no additional mandatory capex for TAV

7. Turkey is a Fast Growing Market Turkish Aviation Market has Grown Rapidly… … and Demand is Expected to be Strong GDP and tourism growth (1995-2005) 2005 - 2009 annual passenger growth forecast(3) • GDP growth 7.5%(1) over the last four years • In 2005 foreign visitors reached 21.1m(2) (tourism approx 5% of GDP) • Deregulation of domestic market • Limited alternative transport infrastructure • 2nd largest country in Europe (74m) The market is expected to grow by almost 9% over the next few years Source: DHMI, ATI, Passenger figures for 2006 Notes: (1) TURKSTAT; (2) Ministry of Culture and Tourism Source: IATA, Top 10 highest growth countries with over 2m annual passengers (05-09) Notes: (3) Ranked by average annual growth rate for the 2005-09 forecast period

8. Well Positioned for Additional Concessions Upcoming tenders in the region • Significant upcoming domestic and international concession tenders • Targeted approach to concession bidding in the region • Strategic shareholder base and internationally recognised JV partners • Development of our retail business • Favourable tender characteristics: • Limited competition • Political stability • TAV differentiating factor • Strict price / profitability criteria • Middle Eastern & African concessions with reasonable price tag Key upcoming tenders: • Sabiha Gökçen Ist. Int’l Airport • Antalya Airport Intl Terminal Project • Jordan – Queen Alia Intl Airport

9. TAV Airports Overview • IPO Summary • Conclusion Izmir Adnan Menderes International Terminal 8

10. Offering Summary Offer Structure • Global International Offer (69%) • Outside US, institutional investors under Reg S • Public offer in Turkey (31%) • 18.4% free float including over allotment • Mix of 25% primary and 75% secondary shares • $320m offer with a MCap of $1,740m Offer Size IPO Price • TRY 10.00 (Price Range TRL 8.55 – TRL 10.30 ) Listing • Istanbul Stock Exchange (“ISE”) Roadshow • 10 cities visited in Europe and Middle East • 11 day roadshow comprising 48 one-on-one meetings, conference calls with 11 investors and group meetings with 54 investors • In total, management presented to over 113 investors, managing equity assets worth more than US$1 trillion Reception from investors • c.$5 billion worth of bids received, 16 times oversubscribed • International demand: c.$4 billion (18x oversubscribed), demand from 149 foreign investors • Domestic demand: c.$1 billion (10x oversubscribed), demand from 18,428 domestic investors • Positive aftermarket performance

11. TAV Airports Overview • IPO Summary • Conclusion Istanbul Atatürk International Arrivals 10

12. February 1998 March 2007 TAV Airports Istanbul Ataturk International Airport Ankara Esenboga International Airport Izmir Adnan Menderes International Airport Istanbul Ataturk International Airport Tblisi International Airport Batumi International Airport TAV has just won the Enfida and Monastir AirportsTender of Tunusia TAV Construction Doha International Airport Cairo International Airport