Global Enerji Hizmetleri ve İşletmeciliği A.Ş. (“Global Energy”), 99.99% subsidiary of Global Investment Holdings, has completed the acquisition of shares held by STFA Yatirim Holding AS (“STFA”) in Naturelgaz Sanayi ve Ticaret A.Ş. (“Naturelgaz”) corresponding to 25% of Naturelgaz. With this share transfer, Global Energy’s share in Naturelgaz has gone up to 80%. The remaing 20% stake is owned by Aksel Goldenberg, Vice Chairman and CEO of Naturelgaz.

Previously, Global Investment Holdings also announced that the acquisition of 30% stake in Naturelgaz from Goldenberg Family had been completed.

Kanat Emiroğlu, the Chairman of Global Energy, stated ” With this acquisition we will continue to provide energy solutions to mid-scale industrial corporations, which are responsible for a large portion of Turkey’s economic growth. We also aim to convert a portion of Turkey’s almost 800.000 diesel-fueled truck and bus fleet, operated by both public and private sectors, to CNG, so as to enable them to save approximately 30% on fuel costs. We believe the right fuel for Turkey’s heavy duty vehicles is cheaper and cleaner CNG. Moreover, we plan to deliver natural gas to customers in those regions of Turkey with no access to natural gas distrubution network and reduce their fuel costs. With that respect, in additon to significant savings, we will contribute to the reduction of carbon emission by expanding natural gas, as a clean and environmentally-friendly fuel, in the transportation sector. We believe the right fuel for Turkey’s 800.000 trucks and buses is cheaper and cleaner CNG (compressed natural gas). We intend to retain our market lead in the attractive Turkish market which has a central role in what is proving to be the gas century

Mr. Aksel Goldenberg, the co-founder of Naturelgaz A.Ş., further stated; “Naturelgaz will further increase its growth rate of 100% realized over the recent years and will continue to create remarkable savings opportunities for our business partners and more generally for our coutry. Naturelgaz, not only creates a significant value-add in the natural gas industry but also invents new areas where natural gas can be used. We believe these new areas will dominate the global energy market within the next 10 years. As Naturelgaz, our business vision is to become the leading company in the CNG sector in Turkey and around the region. I believe we can name Naturelgaz, in terms of its existing infrastructure, storage capacity and investment plans, as the Europe’s largest compressed natural gas distribution company.”

www.globalyatirim.com.tr

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investor@global.com.tr

About GIH:

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

About Naturelgaz:

Naturelgaz is a licensed company with operations since 2004. The Company’s current business is the sales and distribution of bulk Compressed Natural Gas (CNG) as well as providing the necessary equipment and installation services for the customer’s facilities. Besides growth in the bulk CNG market, the Company plans to further expand existing CNG sales business into the transportation
industry. The largest three companies operating in the CNG market constitute approximately 95% of the total CNG consumption. Naturelgaz is one of the largest companies in this sector with approximately 40% market share. In The last two years, the company has grown by over 100%. The company brings natural gas and logistics and transport sector together and, therefore, it creates new uses in natural gas industry.

Up to 2011, the company operated in three CNG refueling stations, as of today, the number of stations reached 10 in Turkey. There are some facilities such as Bolu station which have been provided added value to their cities. For example In Bolu, garbage trucks, police vehicles, and municipal vehicles, works with 100% natural gas. Also in Afyon, 100 units of special public buses works with to Naturelgaz conversion equipment. The company is growing rapidly in the transport sector with its efficient solutions. The company also has established bus refueling stations for İzmit İzgaz and İstanbul Municipality Company, and İstanbul Enerji while establishing CNG facilities.

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