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For 2018, in addition to our ongoing projects in the country, our business plan includes also the development of larger
projects in high added-value areas. It can be said that Nurol Construction, which has a very large share in our total
financial turnover, has been operating both in Turkey and on many different continents abroad, covering a wide
geographical area that stretches from the UAE, Saudi Arabia, Libya, Algeria, Morocco and Qatar to Georgia, Russia,
Turkmenistan, Uzbekistan, Iraq and Afghanistan. Our analysis of the markets in the Far East and in South America are
ongoing, and potential opportunities in the African region, in mainly the Sub-Saharan African countries, are being
closely monitored.

As the NUROL GROUP OF COMPANIES, our goal is always to produce the best quality with the greatest efficiency
in a sustainable manner, and it is our goal to make our mark not only in Turkey, but also on the global markets,
while sustaining our brand awareness. We are aware that we can achieve this together with our shareholders, and,
as always, with the efforts and support of our business partners and associates.

NUROL continues to operate with approximately 40 subsidiaries, affiliate companies, branches and project partnerships
established both at home and abroad, primarily in the defense and manufacturing sectors, but also in such sectors as
technology, real estate investment, energy, tourism, mining, finance, trade and services, and particularly in construction
and contracting. As of December 31, 2017, the Group has consolidated assets amounting to TRY 14 billion, and the 2018
year-end target has been set at TRY 15,8 billion. Planning, coordinating and executing its operations in line with the goal
of sustainable growth in parallel to the developing markets and economic changes, the NUROL GROUP OF COMPANIES
today employs over 10.000 people and has a turnover of TRY 4,56 billion, and by the end of 2018, its budget will be
increased to TRY 6,3 billion, representing an increase of 20 percent.

As the NUROL FAMILY, we are aware of our responsibility to carry out our activities in full accordance with our
ethical values. While focusing on the commercial successes of our companies, we strive to fulfill our duties of
social responsibility with projects that will provide social benefit in many fields, particularly in the areas of
education, culture, the arts and sports, thanks to the works of our Foundation. In order to protect our natural and
cultural heritage, there are various activities across the country in which we are involved, including the regions in
which we have invested.

Our investments have supported national development for more than half century, and we strive to provide better
and increased numbers of services through our contributions to the national economy and employment, and
through the foreign exchange inflow we achieve. We will continue to be involved in successful projects to live up
to the expectations of our country without compromising on universal values, while moving toward our goal of
profitable growth abroad.

I offer my thanks to the members of Nurol Family, particularly to our Founding Partners, who have been working
together with devotion for many years, for their contributions to our unity and solidarity, and we hope for our
nation and the world days full of peace, health and welfare.

Sincerely Yours,

Nurettin ÇARMIKLI
Chairman of Board

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