Global Liman İşletmeleri A.Ş., owned by the publicly traded Global Yatırım Holding A.Ş. on Borsa Istanbul (BIST), the domestic operations of which include the management of Kuşadası, Bodrum passenger ports and Antalya commercial and cruise ports, intensified its operations in the fields of cruise and trade port management in order to transfer the know-how and experienced gained since 2H2013 onto the international field. In addition to the mentioned ports offering market demand and access opportunities in line with its organic and inorganic growth strategy, Global Liman won the privatization tender for the Karadağ Bar Port and as such took over significant amount of shares from the port’s operating entity, entitling it to the Port’s operating rights for 30 years. Furthermore, through a firm established in collaboration with Royal Caribbean Cruises Ltd, Global Liman took over all shares belonging to Creuers, the operator of Barcelona cruise passenger port. As such, Global Liman attained the status of major shareholder in Creusers. Global Liman also won the tender for the management rights of the Lisbon cruise passenger port via the joint venture of international firms and local partners and the take-over transactions have been completed.

The Company, one of the sector’s leading players domestically through its high market share and the services provided to cruise ships and passengers turned into one of Europe’s largest port operations with a capacity of 4 million cruise passengers owing to its international operations in the recent period. Including the self-managed and the ports operated via partnership with internationally renowned firms, the Company increased the number of ports to 8, conferring it with flexibility against volatility arising from geopolitical risks by broadening its geographic appeal. The contributions to Company profitability by the future revenue rises from operational activity fields carried onto the international stage and the acquisition of flexibility against volatility through the diversification of portfolio structure constitute the major factors underlying the revision of the long-term national outlook to positive.

The level of the shareholders’ willingness to provide support to the Company and their financial strengths has been assessed as (2) in the Sponsor Support category whilst he Company’s ability to manage the risks undertaken within its own capabilities has been assessed as (AB) in the Stand-Alone category. The (AB) grade in the Stand Alone category denotes a “high” level on the JCR Eurasia Rating Notation Scale and indicating its ability to meet its liabilities without external support, whilst the (2) grade in the Sponsor Support category denotes an “adequate” level of support.

The details of the revised ratings are provided in the tables below:

Please do not hesitate to contact Investor Relations directly at investor@global.com.tr for any queries.
Kind Regards,
ir.globalyatirim.com.tr
www.globalyatirim.com
facebook.com/GLYHOIR
twitter.com/GLYHOIR

About GYH:
Global Yatırım Holding A.Ş. (GYH) was regrouped as a holding company in October 2004 to hold a diversified portfolio of investments in a number of businesses, including infrastructure, real estate, energy, and financial services. GYH is listed on Borsa Istanbul (as GLYHO.IS) and utilizes its experience in the finance sector for industrial business opportunities.

About GPH:
Global Ports Holding (Global Port) has been established to utilize commercial and cruise port opportunities in Turkey and the wider region. Global Ports is a leading port group with operations in Turkey and internationally, currently managing eight leading cruise and commercial ports. Since 2003, the Global Ports has developed a portfolio of strategically located ports in Turkey and internationally, each providing exceptional hinterland access with strong market fundamentals.

SHARE: