Global Investment Holdings ("GIH") successfully received an overall Corporate Governance rating of 8.80 on the basis of an independent assessment by SAHA Corporate Governance and Credit Rating Company ("SAHA") conducted in accordance with the regulations of the Capital Markets Board of Turkey (CMB). SAHA announced that, following the improvements realised within the last 12 months, GIH´s Corporate Governance Rating has increased from 8.36 to 8.80.

Final rating scores are determined by separate weighting of four sub-sections pursuant to related regulations of the CMB. Breakdown of individual rating scores for each sub-section is as follows:

Sub-Sections	Rating
Shareholders	83,48
Public Disclosure and Transparency	93,11
Stakeholders	92,85
Board of Directors	82,62
Overall	88,04

www.globalyatirim.com.tr

Bülten Detaylı Bilgi İçin
Optima İletişim / Burçin Baygül / 0212 347 79 11 / burcin@optima-tr.com

JCR-Eurasia Rating affirmed the 'Positive' outlook of Global Yatırım Holding A.Ş.'s investment grade credit rating of 'BBB- (Trk)' on the Long Term National Scale and revised the outlook of its Long Term International Local Currency rating to 'Positive' from 'Stable'.

JCR-Eurasia Rating underlined the fact that geographically secured position of the port operations in the Holding's portfolio against competition and their sustainable income generation capacity added a new lane and provided diversity in income mix through their internal resource generation capacity in addition to Global's revenue profile featured by asset sales.

In their report, JCR-Eurasia further stated that the result of the subsidiary sale during the 3rd quarter of 2012 on the Holding's financial statements through marked improvements in indebtedness ratios in favor of its equity as well as in profitability indicators underpin to a further extent the 'Positive' outlook for Holding's rating on the Long Term National Scale assigned by JCR-ER in the previous rating action in the report dated March 30, 2012. It is also assessed by JCR-ER that the extent to which these will have a lasting effect with regard to a rating upgrade will be clarified subsequent to disclosure of 2012 year-end financial statements. On the other hand, the outlook for the Holding's Long Term International Local Currency 'BB' rating is revised to 'Positive' from 'Stable'.

Kerem Eser, the Group CFO, commenting on the rating report stated that the diversity in Group's sustainable revenue streams and recent improvements in portfolio structure, coupled with a strong equity base and a healthy overall financial position have positively contributed to GIH's risk perception among investors. Eser further underlined that GIH will continue to grow with new projects under development, which they believe will lead to further rate increases in the short term.

The details of the revised ratings in this regard are given in the table below:

Long Term International Foreign Currency:

Long Term International Foreign Currency	:	BB / (Stable Outlook)
Long Term International Local Currency	:	BB / (Positive Outlook)
Long Term National Local Rating	:	BBB- (Trk) / (Positive Outlook)
Short Term International Foreign Currency	:	B / (Stable Outlook)
Short Term International Local Currency	:	B / (Stable Outlook)
Short Term National Local Rating	:	A-3+ (Trk) / (Stable Outlook)
Sponsor Support	:	3
Stand Alone	:	BC

www.globalyatirim.com.tr

Further Information:
Optima İletişim / Burçin Baygül / 0212 347 79 11 / burcin@optima-tr.com

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 Istanbul Stock Exchange (as "GLYHO.IS") and utilizes its experience in the finance sector, for industrial business opportunities.

Global Investment Holdings reports consolidated net profits of TL 131.4 million in the 9 months of 2012 ended on 30 September 2012, compared to a net loss of TL 63.0 million in the same period last year.

Global Investment Holdings announced its financial results for the third quarter of 2012. According to the disclosure, the consolidated net revenues amounted to TL 282.5 million, representing a growth of 23%, compared to TL 230.0 million for the same period of the previous year.

The main driver of the revenue growth has been the increases in Ports, Energy and Real estate divison revenues.

On the profit line, the Company reported a net profit of TL 131.4 million for the 9 months period in 2012 compared to a net loss of TL 63.0 million during the same period in 2011. Group's consolidated EBITDA reached TL 187.2 million, representing 141% increase compared to the same period in 2011. The sale of Group's interest in regional gas distribution assets has been instrumental in the increase in profitability.

On a divisional basis, the Group's Port Divison revenues reached TL 91.2 million in 9M 2012, representing a 16% increase over the same period of last year, while the EBITDA increase was 31%, from TL 44.8 million to TL 58.8 million.

In July 2012, Global Investment Holdings fully divested its 50% interest in regional gas distribution assets (Energy Investment Holding) which were contributing negatively to the consolidated profits and cash flow, mainly due to low gas margins, high investment requirements and accounting policies applied.

The Group recorded a gain from this sale amounting to TL 150.2 million as per consolidated financials prepared in accordance with the CMB regulations.

Kerem Eser, Chief Financial Officer of the Group, stated that as a result of successful portfolio restructuring and eurobond redemption on the last quarter of 2012, Group's consolidated financial indebtedness has vastly improved, where consolidated gross financial debt has decreased by 32%, from TL 445.6 million in 31 December 2011 to TL 301.5 million as of 30 September 2012. He further stated that this coupled with a 23% organic growth in Group's recurring businesses compared to same period last year, is quite satisfactory. Eser emphasized that for the upcoming periods, Global Investment Holdings will continue to grow with new investments under development, Thermal Power Plant in Şırnak with an initial capacity of 270 MW being one of the biggest milestones.

The Group CFO Kerem Eser further stated that, the Group has signed share purchase agreements to acquire 55% additional shares of Naturelgaz, and subject to the approval of regulatory bodies, Group's shareholding in Naturelgaz will increase to 80%.

www.globalyatirim.com.tr

Further Information:
Optima İletişim / Burçin Baygül / 0212 347 79 11 / burcin@optima-tr.com

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 Istanbul Stock Exchange (as "GLYHO.IS") and utilizes its experience in the finance sector, for industrial business opportunities.

Global Investment Holdings is pleased to announce that it has achieved international success with its 2011 annual report. this year at the US-based.

Global Investment Holdings was selected best in the world for its 2011 Annual Report at the Galaxy Awards Competition.
Global Investment Holdings 2011 annual is awarded in each of the four different categories it competed in the Galaxy Awards & Creativity Awards held by MerComm, USA and won the Gold in the "Online Annual Report" category; another Gold for "Design of Annual Reports: Non-Traditional – Europe" category; a Silver for "Annual Reports in the Diverse Business" category and; a Bronze for Design in the category titled Covers - Annual Reports Artistic/Illustrations.

Global Investment Holdings also received the Mansion Award at 42nd Creativity Printing & Packaging Awards that had over 1,000 entries from 34 countries.

Please visit the link below to see Global Investment Holding's 2011 Online Annual Report:

http://www.gyhannualreport.com
www.globalyatirim.com.tr

Further Information
Optima İletişim / Burçin Baygül / 0212 347 79 11 / burcin@optima-tr.com

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 Istanbul Stock Exchange (as "GLYHO.IS") and utilizes its experience in the finance sector, for industrial business opportunities.

"GLOBAL PORTS HOLDING ("GPH") ATTENDED TO THE 3rd SEATRADE ALL ASIA CRUISE CONVENTION AS A SPEAKER"

Turkey's leading cruise and commercial port operator Global Ports Holding ("GPH") shared its know-how and represented Turkey with a great success at the major international event of the cruise sector in Asia "Seatrade All Asia Cruise Convention" at Shanghai, China.

Reflecting Seatrade's long-term commitment to the development of the cruise industry in Asia, the third edition of the Seatrade All Asia Cruise Convention was held from September 26th to 28th, 2012 at the iconic Shanghai Port International Cruise Terminal in Shanghai, Republic of China.

Along with the leading players of the sector throughout the world, GPH's Marketing Director, Figen Ayan attended to the event as a speaker at the "Terminal Operation and Passenger Handling Session". The congregation coming from China, Malaysia, Japan or Indonesia was very interested to understand the success story and know-how of Global Ports Holding as Asia is very new and fast developing market of the cruise sector.

Figen Ayan also explained the advantages of cooperation with national authorities and the importance of being part of international associations for a strong presence in the cruise industry. Hence, as the Board Member of the Medcruise Association, Ayan explained the proactive approach and the leading role Global Ports Holding has thanks to all these cooperation. The evidence of the success story of Global Ports Holding is visible from the increase by 205% in passenger flow of Ege Ports since 2004; increase by 223% in passenger flow of Bodrum Cruise Port since 2008 or increase by 978% in passenger flow of Port Akdeniz- The Port of Antalya since 2010.

The conferences hosted 40 key industry expert speakers discussing the growing importance and huge potential within China and Asia and over 20 cruise lines / operators.

About Seatrade:

Founded in 1970, Seatrade is a well-established brand in the international cruise and maritime community. Its publications, events, management training, award schemes and websites cover every aspect of cruise and maritime activity and are known and respected around the globe. Seatrade's principal strength is its ability to bring key people together, encouraging innovation and facilitating better communication within the industry.
Seatrade's headquarters are based in Colchester, UK, with regional offices in Dubai, Singapore, as well as representatives in all major maritime centres and cruise destinations across the globe.

About Global Ports Holding:

Global Ports Holding (Global Port) was established to utilize the commercial opportunities in Turkey and Mediterranean area and opportunities in cruise ports.
Global Ports Holding is a unique port group and operator in Turkey, currently managing three leading cruise and commercial ports in its portfolio. Since 2003, the Global Ports Group has developed a portfolio of strategically located ports in Turkey, each providing exceptional hinterland access with strong market demand fundamentals. Global Port is the largest port operator having %50 of cruise port sector of Turkey on the basis of number of cruise passengers received in 2011.

The ports under the roof of Global Ports Holding:

Ege Ports – The Port of Kusadasi

The Port of Kuşadası ("Ege Ports-Kuşadası") is a cruise and ferry port located on Turkey's Aegean coast. Ege Ports – Kuşadası has a location having close proximity to important historical sites such as the ancient city of Ephesus, which was the city of ancient Greek and then of Rome, and the House of the Blessed Virgin Mary where Virgin Mary is believed to live and which is a holly place for Christians. In 2011 Ege Ports - Kuşadası with a total of more than 657,000 cruise passengers was the busiest cruise port in Turkey on the navigation basis and the 15th most visited port of call in the Mediterranean according to G.P. Wild International. Share Percentage of Global Ports in Ege Ports-Kuşadası is 72,5 %.

Port Akdeniz – The Port of Antalya

Antalya Commercial and Cruise Port ("Port Akdeniz-Antalya") is a port providing both commercial and cruise services.

Commercial Port Operations: Port Akdeniz - Antalya is located on Turkey's Mediterranean coast that is a mineral-rich region where commercial products such as marble, chromium, cement and so on are produced. Port Akdeniz - Antalya has 10 berths that can accommodate container, dry bulk cargo and general cargo vessels. The Port's dry bulk and general cargo handling capacity is 5.0 million tonnes per year and its container handling capacity is 400,000 TEU per year. According to data of Undersecretariat of Maritime Affairs of Turkey (UMA), approximately 4.3 percent of Turkey's maritime exports in 2009 was shipped through Port Akdeniz - Antalya.

Cruise Port Operations: Port Akdeniz - Antalya provides service as cruise port with three berths for cruise vessels, a marina with 250 berths and a 150-yacht dry-dock capacity. Global Ports Management aims at making Port Akdeniz – Antalya one of the most important cruise port of Mediterranean with its proximity to Antalya Airport that is an important international airport, and to valuable archeological structures. Share percentage of Global Ports in Port Akdeniz - Antalya is 100%.

Bodrum Cruise Port

Bodrum Cruise Port, which is located in Bodrum on Aegean coast of Turkey, is a cruise, ferry and mega yacht port that began operations in the second quarter of 2008. Bodrum, which originated as an ancient Carian fishing village, is home to one of the best-preserved medieval Crusader castles and is the most popular sea holiday region. Since commencing operations in 2008, Bodrum Cruise Port has quickly become a popular stopover for super and mega yachts, providing fresh water, power, duty-free fuel and provisions to yachting patrons. Bodrum also provides service to foreign military ships. Share percentage of Global Ports in Bodrum Cruise Port is 60%.

Kanat Emiroglu, joins the Board of Global Energy, a wholly owned subsidiary of Global Investment Holdings ("GIH")

Global Investment Holdings (ISE: GLYHO) is pleased to announce the appointment of Mr. Kanat Emiroglu as an Executive Director of the company and Chairman of Global Energy, a wholly owned subsidiary of GIH consolidating all its investments and operations in the energy and mining sectors.

Mr. Emiroglu joins Global Energy, a wholly owned subsidiary of GIH, after 10 years of experience at Centrica plc (FTSE: CNA) where he was Chief Executive of British Gas Business.

The value of British Gas Business more than doubled under Mr. Emiroglu's leadership and it is now the leading supplier of energy and related services to both the British public and private sectors with revenues in excess of $6bn, EBIT of $300m and 5000 employees.

Prior to being Chief Executive of British Gas Business, Mr. Emiroglu was the Group Strategy Director for Centrica plc. Prior to that, Mr. Emiroglu held various marketing and operations roles at Procter & Gamble in Germany, Belgium and the UK.

In the announcement made by Global Investment Holdings, Chairman, Mr Mehmet Kutman noted: "The Board of our Energy Group have great pleasure in further strengthening the successful team with Mr. Kanat, who is well known in bringing an invaluable combination of intellect, upstream energy expertise, outstanding considerable reputation for managing large-scale energy businesses and a proven track record of creating shareholder value.

Kanat Emiroglu said "I am delighted to join GIH's entrepreneurial organization with a promising energy portfolio in mining, power generation, compressed natural gas, renewable energy and energy services. I hope to be able to bring experience and connections from UK, one of the world's most innovative and competitive energy markets, to Turkey's fast growing energy sector. With my team, we will work hard to contribute to Turkey's economy and create value for GIH shareholders."

An executive with global professional experience:

Mr. Emiroglu is 44, lives in London and Istanbul, was educated in Robert College of Istanbul, Middle East Technical University of Ankara and holds an MBA with Distinction from INSEAD, France. He speaks German, is a Senior Advisor to Boston Consulting Group's global energy practice and served as a member of British Government's BCC Infrastructure Commission. Mr. Emiroglu has written for the FT and The Economist and has delivered keynote addresses in international conferences related to energy, telecoms and Turkey.

www.globalyatirim.com.tr

Further Information:
IR Department / 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 Istanbul Stock Exchange (as "GLYHO.IS") and utilizes its experience in the finance sector, for industrial business opportunities.

About Global Energy

Global Energy, a 100% subsidiary of Global Investment Holdings ("GIH"), undertaking the entire energy sector investments of the Group such in CNG distribution, integrated coal-fired thermal power plant and renewable power generation projects in Turkey, including solar.

Global Investment Holdings reports consolidated revenues of TL 223.8 million for the 1st Half of 2012 ended on 30 June 2012, representing an increase of 36% compared to last year.

Global Investment Holdings announced its financial results for the first half of 2012. According to the disclosure, the consolidated net revenues amounted to TL 223.8 million, representing a growth of 36%, compared to TL 164.8 million for the same period of the previous year.

The main driver of the revenue growth has been the increases in both Ports and Energy divison revenues.

Global Investment Holdings also announced that, in the first half of 2012, it recorded an Earnings Before Interest, Tax, Depreciation and Amortization (EBITDA) amounting to TL 14.4 million.

Despite the improved operational performance in the revenue and EBITDA lines, the Company reported a net loss of TL 14.4 million, mainly due to non-cash depreciation and amortisation charges.

On a divisional basis, the Group's Port Divison revenues reached TL 51.5 million in 1H 2012, representing a 22% increase over the same period of last year, while the EBITDA increase was 28%, from TL 24 million to TL 30.6 million.

In July 2012, Global Investment Holdings fully divested its 50% interest in regional gas distribution assets (Energy Investment Holding) which were contributing negatively to the consolidated profits and cash flow, mainly due to low gas margins, high investment requirements and accounting policies applied.

The Group will record a gain from this sale amounting to TL 62.9 million as per statutory records prepared on a solo basis, and a gain of TL 150.2 million as per consolidated financials prepared in accordance with the CMB regulations. The profit on this transaction will be accounted for in the 3rd Quarter financial statements.

Kerem Eser, Chief Financial Officer of the Group, stated that a 36% increase in consolidated revenue compared to same period last year, is quite satisfactory. He underlined that with the full redemption of the eurobond related loan on 31 July 2012, the consolidated financial indebtedness of the Group has decreased significantly. Reminding the additional cash proceeds and the reduction in bank loans as a result of the divestiture of the Group's interest in Energy Investment Holdings, he further stated that the Group's cash position has become more robust, and the consolidated net indebtedness has been further reduced. Eser emphasized that for the upcoming periods, Global Investment Holdings will continue to grow with new investments under development, Thermal Power Plant in Şırnak with an initial capacity of 270 MW being one of the biggest milestones.

The Group CFO Kerem Eserfurther stated that, the Group has signed share purchase agreements to acquire 55% additional shares of Naturelgaz, and subject to the approval of regulatory bodies, Group's shareholding in Naturelgaz will increase to 80%.

www.globalyatirim.com.tr

Further Information:
Optima İletişim / Burçin Baygül / 0212 347 79 11 / burcin@optima-tr.com

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 Istanbul Stock Exchange (as "GLYHO.IS") and utilizes its experience in the finance sector, for industrial business opportunities.

GLOBAL PORTS HOLDING AGAIN IN THE INTERNATIONAL CRUISE ARENA WITH FCCA
"GLOBAL PORTS HOLDING ("GPH") RECEIVED AN HONOURABLE INVITATION FROM FCCA TO START A NEW COOPERATION"

Global Ports Holding is a unique port group and operator in Turkey, currently managing three leading cruise and commercial ports in its portfolio; respectively Ege Ports – The Port of Kusadasi, Bodrum Cruise Port and Port Akdeniz – The Port of Antalya.

For many years the company has pursued active international marketing campaigns and is proud to be the only Turkish port operator member of leading and prominent international associations, such as Medcruise, Cruise Line International Association (CLIA) and European Cruise Council (ECC). Moreover, the marketing director of Global Ports Holding, Ms. Figen Ayan is the board member of Medcruise Association.

The target of the management has always been to play an even more active role in the global arena of the cruise industry and represent, on international waters, Turkey with the best standards.

In addition to three key cruise associations, GPH becomes an associate member of the Florida-Caribbean Cruise Association (FCCA) who sees the port operator as a pioneer in the cruise industry in Turkey.

The Marketing Director of Global Ports Holding, Ms. Figen Ayan shared her pride to see her company considered as a member to this esteem association. Ayan believes that this will be the beginning of a fruitful cooperation.

"The most well-established entity in Turkey"

The Chairman of the Florida-Caribbean Cruise Association stated that they considered GPH to be the most well-established entity as it pertains to the cruise industry. The chairman added: "Global Ports Holding is of great interest to the FCCA because of the business opportunities we could develop together. We are expanding into new regions to attract more cruise tourism to their ports. Therefore, being a pioneer in Turkey would be of great benefit when joining the FCCA. Together we can develop new strategies and create a solid networking base with our cruise executives and partners in the major geographical parts of the industry to lead your business into top revenue markets in the Caribbean, Central and Latin America.

An Esteemed Association in the Cruise Industry:
FCCA is formed by the most important cruise lines of the Floridian, Caribbean and Latin American waters. FCCA aims to choose the companies, which can have a pioneering role for the growth of the sector with its vision and contribution to the international cruise arena. It aims to build cooperative relationships and develop productive bilateral partnerships between the member cruise lines and the Platinum members.

In this respect, Global Ports Holding is proud to be part of the Florida-Caribbean Cruise Association (FCCA) since August 2012.

FCCA provides a forum for discussion on tourism development, ports, tour operations, safety, security and other cruise industry issues.

The association is composed of 14 Member Cruise Lines operating more than 100 vessels in Floridian, Caribbean and Latin American waters.

About the FCCA ( Florida-Caribbean Cruise Association)

The Florida-Caribbean Cruise Association (FCCA) is a not-for-profit trade organization composed of 14 Member Cruise Lines operating more than 100 vessels in Floridian, Caribbean and Latin American waters. Created in 1972, the FCCA's mandate is to provide a forum for discussion on tourism development, ports, tour operations, safety, security and other cruise industry issues. By fostering an understanding of the cruise industry and its operating practices, the FCCA seeks to build cooperative relationships with its partner destinations and to develop productive bilateral partnerships with every sector. The FCCA works with governments, ports and all private/public sector representatives to maximize cruise passenger, cruise line and cruise line employee spending, as well as enhancing the destination experience and the amount of cruise passengers returning as stay-over visitors.

About Global Ports Holding:

Global Ports Holding (Global Port) was established to utilize the commercial opportunities in Turkey and Mediterranean area and opportunities in cruise ports.
Global Ports Holding is a unique port group and operator in Turkey, currently managing three leading cruise and commercial ports in its portfolio. Since 2003, the Global Ports Group has developed a portfolio of strategically located ports in Turkey, each providing exceptional hinterland access with strong market demand fundamentals. Global Port is the largest port operator having %50 of cruise port sector of Turkey on the basis of number of cruise passengers received in 2011.

Ports under the roof of Global Ports Holding:

Ege Ports
The Port of Kuşadası ("Ege Ports-Kuşadası") is a cruise and ferry port located on Turkey's Aegean coast. Ege Ports – Kuşadası has a location having close proximity to important historical sites such as the ancient city of Ephesus, which was the city of ancient Greek and then of Rome, and the House of the Blessed Virgin Mary where Virgin Mary is believed to live and which is a holly place for Christians. In 2011 Ege Ports - Kuşadası with a total of more than 657,000 cruise passengers was the busiest cruise port in Turkey on the navigation basis and the 15th most visited port of call in the Mediterranean according to G.P. Wild International. Share Percentage of Global Ports in Ege Ports-Kuşadası is 72,5 %.

Port Akdeniz

Antalya Commercial and Cruise Port ("Port Akdeniz-Antalya") is a port providing both commercial and cruise services.

Commercial Port Operations: Port Akdeniz - Antalya is located on Turkey's Mediterranean coast that is a mineral-rich region where commercial products such as marble, chromium, cement and so on are produced. Port Akdeniz - Antalya has 10 berths that can accommodate container, dry bulk cargo and general cargo vessels. The Port's dry bulk and general cargo handling capacity is 5.0 million tonnes per year and its container handling capacity is 400,000 TEU per year. According to data of Undersecretariat of Maritime Affairs of Turkey (UMA), approximately 4.3 percent of Turkey's maritime exports in 2009 was shipped through Port Akdeniz - Antalya.

Cruise Port Operations: Port Akdeniz - Antalya provides service as cruise port with three berths for cruise vessels, a marina with 250 berths and a 150-yacht dry-dock capacity. Global Ports Management aims at making Port Akdeniz – Antalya one of the most important cruise port of Mediterranean with its proximity to Antalya Airport that is an important international airport, and to valuable archeological structures. Share percentage of Global Ports in Port Akdeniz - Antalya is 100%.

Bodrum Cruise Port

Bodrum Cruise Port, which is located in Bodrum on Aegean coast of Turkey, is a cruise, ferry and mega yacht port that began operations in the second quarter of 2008. Bodrum, which originated as an ancient Carian fishing village, is home to one of the best-preserved medieval Crusader castles and is the most popular sea holiday region. Since commencing operations in 2008, Bodrum Cruise Port has quickly become a popular stopover for super and mega yachts, providing fresh water, power, duty-free fuel and provisions to yachting patrons. Bodrum also provides service to foreign military ships. Share percentage of Global Ports in Bodrum Cruise Port is 60%.

Global Investment Holdings annunced that its loans to Deutsche Bank Luxembourg SA obtained in July 2007 with respect to the bonds (ISIN XS0312972903) issued on 31.07.2007 by Deutsche Bank Luxembourg SA., with a nominal value of USD 100.000.000, and a coupon rate of 9.25%. Deutsche Bank Luxembourg, as the paying agent, will transfer the principal amount and the final coupon interest and to the accounts of the bond holders on 31.07.2012.

The Group CFO, Kerem Eser stated that with this redemption, the consolidated financial indebtedness of the Group has decreased significantly. Reminding the additional cash proceeds and the reduction in bank loans as a result of the divestiture of the Group's interest in Energy Investment Holdings most recently, he further stated that the Group's cash position has become more robust, and the consolidated net indebtedness has been further reduced.

Eser underlined that for the upcoming periodsnew bond issues will remain as an option to finance the new projects being pursued, as well as to maintain the Group's existance in corporate bond market, where Global Investment Holding has been one of the very few such corporates in Turkey excluding the banks.

www.globalyatirim.com.tr

Further Information:
IR Department / 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 Istanbul Stock Exchange (as "GLYHO.IS") and utilizes its experience in the finance sector, for industrial business opportunities.

Global Enerji Hizmetleri ve İşletmeciliği A.Ş. ("Global Energy"), 99.99% subsidiary of Global Investment Holdings, signed a share purchase agreement for the acquisition of shares held by STFA Yatirim Holding AS ("STFA") in Naturelgaz Sanayi ve Ticaret A.Ş. ("Naturelgaz") corresponding to 25% of Naturelgaz.

Naturelgaz is engaged in the sales and distribution of Compressed Natural Gas ("CNG"). Global Energy currently holds 25% of Naturelgaz and had recently announced that an agreement is signed with the other shareholders to acquire another 30%. Following completion of these two share transfers, Global Energy's share in Naturelgaz will increase to 80%, the remaing 20% is owned by Aksel Goldenberg, CEO of Naturelgaz.

The purchase price will be disclosed upon closing, following completion of regulatory approvals.

www.naturelgaz.com
www.globalyatirim.com.tr

Further Information:
Optima İletişim / Burçin Baygül / 0212 347 79 11 / burcin@optima-tr.com

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 Istanbul Stock Exchange (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

Global Investment Holdings' ("GIH" or "the Group") today announced that it has transferred all of its shares held in Enerji Investment Holding A.Ş. ("EIH"), corresponding to 50% of the share capital of EIH, to STFA, who owns the remaining 50% of EIH. EIH owns 100% of Energaz which in turn owns the shares in regional natural gas distribution and wholesale subsidiaries. The total sales value for 50% of EIH shares is USD 75,000,000, of which USD 51,500,000 is collected on sale and the remaining amount will be collected in installments. 50% of the shares of Naturelgaz, the company engaged in distribution of compressed natural gas, previously owned by EIH is not included in the sale transaction and accordingly have been transferred in equal portions to Global Energy (wholly owned subsidiary of GIH) and STFA prior to sale of EIH shares. Global Energy now owns directly 25% of the shares of Naturelgaz. GIH had recently also announced that a share purchase agreement to acquire additional 30% stake in Naturelgaz was signed with the Goldenberg family, which would increase Global Energy shareholding in Naturelgaz to 55%.

www.globalyatirim.com.tr

Further Information:
Optima İletişim / Burçin Baygül / 0212 347 79 11 / burcin@optima-tr.com

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.

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 Istanbul Stock Exchange (as "GLYHO.IS") and utilizes its experience in the finance sector, for industrial business opportunities.

Gregory Michael Kiez, who had been acting as the Board Member of Global Investment Holdings and Chairman of the Board of Global Ports Holding and has been a doyen in finance and port operations sectors in Turkey, died at the age of 50.

Kiez, who had been struggling with brain cancer namely, glioblastoma multiforme (GBM) which is, according to the classification of World Health Organisation, considered to be the most advanced stage since 2009, has left a significant trace after him as a successful businessman.

Gregory Micheal Kiez was born in Canada and had been living in Turkey for 20 years. He acted as the Chairman of the Board of Ege Ports – Kusadasi, Chairman of the Board of Port Akdeniz – Antalya, Chairman of the Board of Global Ports Holding, all of which operating under Global Investment Holdings where he also acted as a Board Member.

Gregory Micheal Kiez, holds a BA degree in law from University of Toronto and was awarded many times during his academic carreer. These important awards included Scholarships of Norman Levy, Borden & Elliot, Dow-Hickson as well as James Cappon Award and James McGill Award.

Gregory Michael Kiez had not only been fighting against the disease since 2009, he also helped and made donations to create awareness of the disease, to help develop treatment methods and to help many people struggling with this disease.

During the last 20 years he spent in Turkey, Gregory Michael Kiez, who was also in love with the country, had defended the rights of Turkey many times on many platforms besides his studies to create a brand new sector and to position Turkey as a big player in this sector.

Gregory Michael Kiez had always been fighting against the negative thoughts on Turkey abroad, and tried to prove them wrong. Today, his speech at "Security Pollution" Pannel of the Maritime Trade Congress in Miami in 2004, is considered as the milestone of the ports development in Turkey.

Gregory Michael Kiez played a significant role in welfare activities targeted at deprived children and had always given a great importance on educational services, throughout his life. He pioneered the educational investments in order to train with high standards, the manpower specializing solely in tourism, required both by Global Ports Holding and all Turkish ports.

Today, Gregory Micheal Kiez Applied and Theorical Clasrooms of Adnan Menderes University Tourism and Hotel Management College facilities which are constructed under his initiative and include 12 classrooms, 3 laboratories and 2 applied training kitchens, welcomes ca. 2000 students daily.

In parallel with his philanthropic activities, Kiez had always given great importance to protection of the works of art and world's heritage. Since 2006, he had been acting as the board member of Texas A&M University-Institute of Nautical Archeology (INA) which is a well-known leading institute in maritime archeology and the leader of many excavations including Istanbul Yenikapi excavation as well as the excavation of Bronze Age Uluburnu shipwreck which is on display in Bodrum Museum of Underwater Archaeology.

While acting as a top executive for many years, Kiez has been a mentor for the members of the Global Family in Global Investment Holdings and its subsidiaries and for many of his colleagues within the sector, owing to his meticulous working discipline and illuminating guidance. He left us with a final lesson in life, by setting an example as a fighter one more time, during his battle against the disease for more than two years.

Global Investment Holdings ("GIH") has agreed to acquire the shares representing 75% of Standart Madencilik, engaged in licensed Feldspat mining in Mugla-Yatagan region. The majority of the shares in Standart Madencilik are owned by Behcet Suleymanoglu, Yahya Acar, Rıdvan Acar and Mehmet Ersan Özdemir; the local partners GIH currently has in The Şırnak Thermal Power Plant Project. GIH today annouced that it has signed a Share Purchase and Shareholders Agreement with the abovementioned majority shareholders to acquire 75% stake at the mining company. The closing is expected to take place within 2012, following the completion of technical due-diligence and reserve evaluation studies. The price of the sale and other details will be disclosed upon closing.
Feldspat is an industrial raw material and is widely used in the glass, ceramics and paint industries. Having reserves of 130 million tons, Turkey holds 10 percent of the global feldspar reserves, most of which are located around Manisa, Kutahya, Aydin and Mugla which ranks Turkey number 1 in global feldspar production.

Global Enerji Hizmetleri ve İşletmeciliği A.Ş. ("Global Energy"), a wholly owned subsidiary of Global Investment Holdings, signed a share purchase agreement to increase its stake in Naturelgaz Sanayi ve Ticaret A.Ş. ("Naturalgaz"), the subsidiary overlooking the sales and distribution of bulk Compressed Natural Gas ("CNG").

The agreement is for the transfer of additional 30% of total capital of Naturelgaz which is owned by Rudolf Ruben Goldenberg, Lusi Aşer Goldenberg and Altındağ Yatırım Mümessillik ve Ticaret A.Ş.

Global Energy, which currently holds 25% of Naturalgaz, will hold 55% of Naturelgaz shares upon with the completion of the necessary pre-conditions. The price of the sale and other details will be disclosed upon closing.

JCR Eurasia Rating has assigned an investment grade credit rating of 'A- (Trk)' on the Long Term National Scale along with a 'Stable' outlook to "Global Liman İşletmeleri A.Ş. JCR Eurasia has assessed the Long Term International Foreign Currency rating as 'BB+'. A notch higher then the country rating. Other notes and details of the ratings are given in the table below:

Long Term International Foreign Currency	:	BB+ / (Stable Outlook)
Long Term International Local Currency	:	BB / (Stable Outlook)
Long Term National Local Rating	:	A- (Trk) / (Stable Outlook)
Short Term International Foreign Currency	:	B / (Stable Outlook)
Short Term International Local Currency	:	B / (Stable Outlook)
Short Term National Local Rating	:	A-1+ (Trk) / (Stable Outlook)
Sponsor Support	:	3
Stand Alone	:	B

Global Liman işletmeleri A.Ş. (GLI), which conducts cruise port business in Kuşadası, Bodrum and commercial & cruise port business in Antalya, is one of the leading players in the sector providing service to cruise ships and their passengers. GLI is a subsidiary of Global Yatırım Holding, which has been rated as BBB- by JCR-Eurasia Rating. GLI, with its activities, monopolistic ports as of geographic location and capacities for generating increasing income, attracts domestic and foreign investors. The fact that a 22.11% share of the company has been purchased by the İtalian Savina Holding GmbH at the price of 1.3 times the book value of the company is an indication of the positive perception of investors regarding the cash inflow which will be generated by the Company in the future.

Internal profit ratios showing an increasing trend and fund resources generated from long term bank loans mainly from the organized markets reduce the risk of credit renewals and seriously facilitate the liquidity management. The fact that both receivables and troubled receivables in total assets are extremely low and there are provisions for all impaired receivables make a positive contribution to the continuity of the high asset quality of the Company. On the other hand, that the cost of service sales increased more than revenue growth exerted pressure on the profitability of the Company. The positive valuation differences of tangible assets, which has an important places in the equities, does not reduce the effect on foreign resources, which is needed by the Company, and does not contribute to the liquidity position.

Considering the Company's business and shareholder structure, internal fund generating capacity, balance sheet composition, market penetration, growth potential, increasing interest of foreign institutions and foreign currency revenue generating capacity and due to the fact the Company works together with the countries like USA and China, it is the one and only non-banking company that its long-term international foreign currency grade has been confirmed as BB+, a higher grade than Turkey's Country ceiling.

The level of the shareholders' willingness to provide support to the Company and their financial strengths has been assessed as (3) in the Sponsor Support category and the Company's ability to administer the risks undertaken on its own resources as (B) in the Stand-Alone category. The notes in these categories indicate a "sufficient level" based on JCR Eurasia's notation system.

Global Investment Holdings' ("GIH" or "the Group") held 50% of Energy Investment Holdings (EIH) which encompassed all the natural gas distribution and wholesale operations (except the CNG business explained below) of the Group. GIH today announced that it had signed a Share Transfer Agreement with STFA, the infrastructure company that holds the remaining 50% of Energy Investment Holdings, to transfer its 50% stake. The price of the sale and other commercial details will be disclosed upon closing.

In addition to this, certain foreign investors had submitted non-binding offers for EIH shares. Following the ongoing data room process those potential investors will be presenting final and binding offers to the Group. As per the sale agreement with STFA, the Group holds the option/privilege to proceed with those investors regarding the sale of EIH shares instead of transferring them to STFA. In case GIH does not exercise such option, according to the agreement, the shares will be transferred to STFA in any case.

The Group also announced that at the same time, talks with investors are in process regarding the entities excluding natural gas distribution and wholesale operations of Global Energy as well as the sale of minority shares of Global Energy.

Naturelgaz shares currently owned by EIH are excluded from the share purchase agreement signed with STFA. In this respect, the Group applied to the Energy Market Regulatory Authority (EMRA) in order to obtain the permits for the transfer of 50% of Naturelgaz, the compressed natural gas (CNG) subsidiary currently owned by Energy Investment Holdings, to STFA and Global energy in equal proportions. Upon the approval of EMRA, the share transfer will be completed and the Group's current 25% shareholding in Naturelgaz indirectly through Energaz will be transferred to Global Energy, 99.99% subsidiary of GIH.

Additional information will be disclosed upon closing.

www.globalyatirim.com.tr

Further Information:
Optima İletişim / Burçin Baygül / 0212 347 79 11 / burcin@optima-tr.com

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 Istanbul Stock Exchange (as "GLYHO.IS") and utilizes its experience in the finance sector, for industrial business opportunities.

Port Akdeniz, the commercial port of Global Ports Holding, introduced the use of new Wi-Fi network uses access points technology in day-to-day Port operations. Based on the 802.11n technology from Motorola Solutions, the Network provides Port employees to use handheld computers with real-time access to communications. With this technology employees use the network to make Push-to-Talk (PTT) calls and remotely access the software to manage operations.

The new Software will have a significant improvement on ROI. The new technology provides high efficiency in coordinating and handling of vessels as well as the movement of containers. The real-time communication eliminates all paperwork and allows all task information to be communicated through wireless devices. All of these benefits will help the Port meet its turnaround targets and reduce overheads.

This techonolgy solution implemented by Port Akdeniz has also been acknowledged by Motorola Solutions as a successful case study on the Company website.
You may access the case study here

Global Investment Holdings reports consolidated revenues of TL 142.5 million for the 1st Quarter of 2012, representing an increase of 49% compared to last year.

Global Investment Holdings announced its financial results for the first quater of 2012. According to the disclosure, the consolidated net revenues amounted to TL 142.5 million, representing a growth of 49%, compared to TL 95.6 million for the same period of the previous year. The main driver of the revenue growth came from the significant increase in both Ports and Energy divison revenues.

On the profit line, the Company successfully reported a net profit of TL 1.7 million for the first quarter compared to a net loss of TL 18.3 million during the same period in 2011. This turn around was also clearly visible at the EBITDA line, reporting a healthy TL 3.1 million in 1Q, compared to a negative EBITDA of TL 0.1 million in 1Q 2011.

On a divisional basis, the Group's Port Divison revenues reached TL 17.5 million in 1Q 2012, representing a 24% increase over the same period of last year, while the EBITDA increase was an impressive 46% from TL 5.9 million to TL 8.6 million

Group's Energy division reported a significant jump in revenues in the first quarter of this year with TL 117 million, an increase of 64% compared to the same period last year, an was the largest contributor to the Group's net consolidated revenues.

Kerem Eser, the Chief Financial Officer of the Group, emphasized that the 49% increase in the net revenues was in line with budget expectations and that the Company will continue to grow as more and more of Group's investments come alive. Kerem Eser stated the Energy Division will continue to grow and that the biggest milestone is yet to come with the Thermal Power Plant in Şırnak, which is currently in the process of starting construction within 2012. Eser further stated that the Project will contribute to the national economy in terms of reducing the import of energy resources is expected to provide local employment opportunity for 2.500 people. He added that the construction of the initial 270 MW thermal power plant capacity is planned to generate 1.8 bn kWh of electricity per annum once operational in 2015.

www.globalyatirim.com.tr

Further Information:
Optima İletişim / Burçin Baygül / 0212 347 79 11 / burcin@optima-tr.com

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 Istanbul Stock Exchange (as "GLYHO.IS") and utilizes its experience in the finance sector, for industrial business opportunities.

JCR Eurasia Rating has assigned an investment grade credit rating of 'BBB- (Trk)' on the Long Term National Scale along with a 'positive' outlook to "Global Yatırım Holding A.Ş.". JCR Eurasia has assessed the Long Term International Foreign Currency and Local Currency ratings as 'BB'. Other notes and details of the ratings are given in the table below:

Long Term International Foreign Currency : BB / (Stable Outlook)
Long Term International Local Currency : BB / (Stable Outlook)
Long Term National Local Rating : BBB- (Trk) / (Positive Outlook)
Short Term International Foreign Currency : B / (Stable Outlook)
Short Term International Local Currency : B / (Stable Outlook)
Short Term National Local Rating : A-3+ (Trk) / (Stable Outlook)
Sponsor Support : 3
Stand Alone : BC

Global Yatırım Holding (GYH), supported by its current affiliates operating in the fields of energy, port management, real estate and finance and also by business and capital partnerships with local and international institutions, scaled up its assets significantly in the previous five years through a shifting process from finance to the real economy by its effective managerial structure.

Considering GYH's focus on niche areas with imperfect competition through its functioning as a private equity and benefiting from first-mover advantages, the primal driver of its growth potential is medium and long-term concession rights attained in strategic areas. On the other hand, the maturity mismatch of involved projects in the process of investment depressed the indicators under headings such as profitability and cash flow below the reference values, JCR Eurasia is of the opinion that all of the performance indicators contain positive outlook in the medium and long term perspectives.
GYH's business and capital partnerships with renowned institutions of international scale, diversity generated in project and income mix, Group's experience marked by past performance of successfully finalized projects and expectation of continuance of its focus on niche areas are the salient factors that contribute to the risk perception of GYH in the eyes of its investors.

It is believed that the major shareholders within GYH's shareholding structure have the willingness and propensity to provide long term liquidity and equity for the Holding when required. In this regard, the Sponsor Support grade of the Holding has been assessed in the "adequate level" category of (3) in JCR-ER's notation system.

We, as JCR-ER, are of the opinion that the Holding and its affiliates has reached the level of adequate experience and facilities to manage the incurred on and off-balance sheet risks without any assistance from its shareholders provided that it maintains the processes regarding the preservation of the existing asset and liability composition and the ongoing projects. Within this context, the Stand Alone grade of the Holding has been assessed at an "adequate level" and determined as (BC) in JCR-ER's notation system.

www.globalyatirim.com.tr

You may access the full report through our website.

http://ir.globalyatirim.com.tr/406/financials/credit-rating

Global Investment Holdings' ("GIH" or "the Group") accomplished a revenue of TL 364.2 million for 2011, representing an increase of TL 133.1 million, or 58%, compared to last year.
Global Investment Holdings announced its financial results for the end of 2011. According to the disclosure, the consolidated net revenues amounted to TL 364.2 million, representing a growth of 58%, compared to TL 231.1 million for the previous year. It was stated in the announcement that GIH accomplished revenue growth in all of the segments it operates, where ports and energy contributed the most.

Global Investment Holdings also announced that, in 2011, its Earnings Before Interest, Tax, Depreciation and Amortization (EBITDA) reached TL 85.7 million.

Consolidated port revenues reached TL 108.1 million in 2011, representing a 77% increase over last year. A significant portion of this increase was attributable to Antalya Port, both due to the acquisition of an increased stake in the port as well as the increase in revenues of container handling and cruise port operations.

The revenues of container handling process, with a significant importance on the ports side, increased by 79%, whereas earnings of cruise operations increased by 45% and the total number of passengers served in the ports operated by the Group reached 983,678. The Group reported an EBITDA of TL 64.8 million for all of its port operations.

It was reported that net revenues of Global Energy, managing the Group's energy related investments, increased by 60% amounting to TL 217.2 million, compared to the previous year. It was also stated that the total natural gas consumption increased by 37% and the total number of subscribers reached 583,900.

On 29 December 2011, Global Investment Holdings announced that Galata Energy, owned 80% by Global Energy, has signed an EPC (Engineering, Procurement and Construction) Contract with China National Electric Engineering CO., Ltd. (CNEEC) to build 2x135 (270) MW power plant using Circulating Fluidized Bed Boiler technology on an asphaltite mine field located in South East Turkey-Şırnak.

The Thermal Power Plant in Şırnak, which will contribute to the national economy in terms of reducing the import of energy resources, a major part of Turkey's current account deficit, will be utilizing local resources only. The construction of the initial 270 MW thermal power plant capacity, with an investment of TL 310 million as the first phase of a long-term investment process, will commence in the second quarter of 2012 and is planned to generate 1.8 bn kWh of electricity per annum. As an investment in South Eastern part of Turkey, the Plant, once operational, is expected to provide local employment opportunity for 2.500 people. Global Energy reports that the potential asphaltite reserves in the mine field are sufficient to supply up to 2,000 MW of installed thermal power generation capacity. Global Energy plans to continue with the following phases of the investment process to utilize full capacity of field realizing approximately USD 2.5 billion investment in the region in the coming years.

Pera REIT, the real estate subsidiary of Global Investment Holdings, opened Sümerpark Shopping Mall in Denizli in March 2011 and initiated the sale of the first phase of the residential development of 604 units.

Kerem Eser, Chief Financial Officer of the Group, emphasized that the growth recorded in all sectors of the Group is satisfactory. He underlined that the actions to improve operational effectiveness of the current businesses will proceed, while the Thermal Power Plant Project in Şırnak, which will constitute an important place among the Group's revenues, will also continue to maintain its importance within the current portfolio.

www.globalyatirim.com.tr

Further Information:
Optima İletişim / Burçin Baygül / 0212 347 79 11 / burcin@optima-tr.com

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 Istanbul Stock Exchange (as "GLYHO.IS") and utilizes its experience in the finance sector, for industrial business opportunities.

Atay Arpacıoğulları, was appointed the CEO of the newly structured Global Energy, a 100% subsidiary of Global Investment Holdings ("GIH"), undertaking the entire energy sector investments of the Group.

Atay Arpacıoğulları holds a BA degree in Architecture from Middle East Technical University and an MBA degree from Babson College. Mr. Arpacıoğulları has joined Global Investment Holdings' Business Development Unit in 2005 and has been the Head of Business Development since October 2010 .

Global Energy is the main subsidiary of GIH in the energy sector and pursues investments in natural gas distribution and wholesale, CNG distribution, and power generation in Turkey. Global Energy owns 50% of Energy Investment Holdings (EIH), which is a joint venture with STFA, operating the Group's natural gas distribution assets, owns a controlling stake in Galata Enerji A.Ş. which carries on the construction of the Power Plant with a capacity of 270 MW based on circulating fluidized-bed boiler ("CFBB") technology, and also owns a controlling stake in Geliş Madencilik Enerji İnş. Tic. A.Ş. which holds the license to operate the asphaltite mine located in close proximity to the Power Plant site.

Global Investment Holdings successfully received high ratings on Corporate Governance from an independent rating agency (SAHA) and henceforth, it will be listed on the ISE Corporate Governance Index.

SAHA Corporate Governance and Credit Rating Services Inc., an authorized rating agency operating under the license of the Capital Markets Board of Turkey ("CMB"), has announced the Corporate Governance Compliance Rating for Global Investment Holdings as 8.36 out of 10. This high rating score certifies that Global Investment Holdings complies with CMB's Corporate Governance Principles. The firm will be included in the ISE Corporate Governance Index (XKURY) starting from 27 December 2011.

The corporate governance rating methodology of SAHA is based on the Principles of Corporate Governance by CMB, which was issued in 2003 and further revised in 2005. The Corporate Governance rating studies carried out by SAHA included various inspections on corporate documents and interviews with executives along with the analysis of publicly available information.

Final rating scores are determined by separate weighting of four sub-section pursuant to related resolution of CMB. Breakdown of individual rating scores for each sub-section is as follows:
Sub-Sections Rating
Shareholders (%25) 82,33
Public Disclosure and Transparency (%35) 88,08
Stakeholders (%15) 91,63
Board of Directors (%25) 73,94
Overall 83,64

Confirmed Company Rating: 8,36

Corporate Governance Rating Report of SAHA is available on our corporate web site www.globalyatirim.com