Global Ports Holding (GPH) has acquired additional 20% of Creuers del Port de Barcelona, S.A. (Creuers) through Barcelona Port Investments (BPI) in partnership with Royal Caribbean Cruises Ltd.

On November 11, 2013, GPH, a 100% subsidiary of Global Yatırım Holding (GYH), announced the acquisition of 23% of Creuers through BPI in partnership with Royal Caribbean Cruises Ltd., one the world's leading cruise operators. Creuers operates Europe's largest cruise port, the Port of Barcelona with a passenger capacity of 1.8mn, and is the majority shareholder of the Malaga Cruise Port and the minority shareholder of the Singapore Cruise Port.

On December 30, 2013, GPH acquired additional 20% of Creuers shares through BPI, and thus increased its holding to 43% of Creuers.

Mr. Narin, the CEO of GPH, indicated that the shipping industry entered a new era with the addition of the Port of Barcelona into the GPH portfolio. Having focused on organic growth and consolidation of its existing ports for the past three years, GPH was ready to press the button to become one of the leading commercial port operators regionally and the number one cruise operator globally. In that vein, GPH completed the acquisition of 62% of the Port of Bar in Montenegro. And now, with the acquisition of the Ports of Barcelona, Malaga and Singapore, the total passenger traffic of GPH has reached 3.5mn.

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 Ports) has been established to utilize commercial and cruise port opportunities in Turkey and the Mediterranean area. Global Ports is a unique port group and operator in Turkey, currently managing three leading cruise and commercial ports. Since 2003, the Global Ports has developed a portfolio of strategically located ports in Turkey, each providing exceptional hinterland access with strong market demand fundamentals. Global Port is also the largest port operator with 50% of the Turkish cruise port market on the basis of number of cruise passengers received in 2012.

Global Ports Holding (GPH), the only operator of three leading commercial and cruise ports in Turkey, completed the acquisition of 62% shares of Port of Bar for a total consideration of Euro8,071,000 on December 30, 2013. The port holds a 30-year concession to repair, finance, operate and maintain the general freight and cargo terminal in the city of Bar, Montenegro.

Saygın Narin, the CEO of GPH, said "We, as GPH, have been targeting organic growth till now while revamping efficiency, systems and marketing processes in our Turkish ports. Having also successfully integrated our three ports, we are currently focusing on inorganic growth. We aim to add new ports, domestic and international into our portfolio. In that vein, we completed the acquisition of 62% of the Port of Bar today. We are excited about this transaction also because it is the first time a Turkish company acquires the majority ownership of a port operation overseas."

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 Ports) has been established to utilize commercial and cruise port opportunities in Turkey and the Mediterranean area. Global Ports is a unique port group and operator in Turkey, currently managing three leading cruise and commercial ports. Since 2003, the Global Ports has developed a portfolio of strategically located ports in Turkey, each providing exceptional hinterland access with strong market demand fundamentals. Global Port is also the largest port operator with 50% of the Turkish cruise port market on the basis of number of cruise passengers received in 2012.

Global Eneji (GE), a fully-owned subsidiary of Global Yatırım Holding (GYH or the Company) announces that Galata Enerji Üretim Sanayi ve Ticaret A.Ş. (Galata Enerji), an 85% subsidiary of GE, has applied to the Ministry of Economy General Directorate of Incentive Practices and Foreign Capital with the purpose of obtaining a Regional Invesment Incentive Certificate for the Şırnak Power Plant, a 270MW (135 x 2) asphaltite-powered electricty plant of circulating fluidized bed boiler technology located in Şırnak, south east Turkey. The application has been approved and Galata Enerji was granted the Invesment Incentive Certificate on 12/10/2013.

Şırnak Thermal Plant Project falls within the scope of State Incentive Practices given its location in the 6th Region and the use of locally-procured raw material. As such, Galata Enerji will benefit from exemptions in custom duty and VAT, tax reductions (of 90% in corporate and income tax) and support in interest, insurance premium and withholding taxes.

Kanat Emiroğlu, the Chairman of GE, indicated that the Sirnak Thermal Power Plant would be among the most efficient in the country and, given its locally available input, would contribute towards a sustainable reduction in energy imports of the country. Mr. Emiroğlu added that "The plant will be the region's largest industrial development, providing significant employment opportunity to the residents of Sirnak and the viscinity".

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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 GE
GE, a wholly owned subsidiary of GIH has been established to create a robust platform for the energy sector investments of the Group. GE owns 80% of Naturelgaz, a company engaged in the sale and distribution of compressed natural gas. GE is also developing a thermal power generation plant, and is expanding the scope of its energy operations with solar and other renewable energy projects, each at various stages of development. GE has also invested in tri-generation as well as in mining of feldspar.

Global Eneji (GE), a fully-owned subsidiary of Global Yatırım Holding (GYH) announces that it has reached a preliminary agreement with Akkök Sanayi Yatırım ve Geliştirme A.Ş. (Akkök) for the partial transfer of ownership in the Sirnak Power Plant, a 270MW asphaltite-powered electricty plant of circulating fluidized bed boiler technology located in Sirnak, south east Turkey.

Contingent on satisfactory due diliginence and pending approvals of the Energy Market Regulatory Board and Turkish Competition Authority, 55% of Geliş Madencilik Enerji İnşaat Ticaret A.Ş. (Geliş Madencilik) and 55% of Galata Enerji Üretim Sanayi ve Ticaret A.Ş. (Galata Enerji) will be transferred to Akkök by GE, which currently owns 85% in both entities.

Commercial terms of the share transfer will be released after the completion of the due process.

Kanat Emiroğlu, the Chairman of GE, noting the parties have reached a tentative agreement for a possible partnerhip in the Sirnak Power Plant added that " Akkok is one of the most significant electricity producers in the country as well as being a sizeable industrial consumer. Additionally, their experience in running complicated EPC contracts and expertise in retail, trading and generation parts of the energy value chain were critical in our selection process."

Mr. Emiroğlu continued as "The Sinak power plant will be among the most efficient power producers in the country. Utilizing the locally-procured asphaltite, it will contribute towards lower energy imports and a sustainable reduction in the current account deficit. The current project envisages the contruction of a 135+135 MW plant, yet reserve estimates point to sufficient reseources to support a significantly higher capacity. In this regard, the choice of Akkok as a potential partner is important; the group has the ability and the willingness to travel the next mile with us in maximizing the potential on the ground. Moreover, the plant will be the largest industrial development in the region, and as the leading private sector employer will provide significant employment opportunities to the residents of Sirnak and the viscinity."

Finally, Mr. Emiroğlu remarked that partnership with a strong group like Akkok, if materialized, would enable GE to divert resources to other attractive projects the company is currently pursuing in the energy sphere.

We will continue to keep you abreast of the developments.

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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 GE
GE, a wholly owned subsidiary of GIH has been established to create a robust platform for the energy sector investments of the Group. GE owns 80% of Naturelgaz, a company engaged in the sale and distribution of compressed natural gas. GE is also developing a thermal power generation plant, and is expanding the scope of its energy operations with solar and other renewable energy projects, each at various stages of development. GE has also invested in tri-generation as well as in mining of feldspar.

Global Yatırım Holding Announced its Corporate Governance Rating Grade for 2013

Global Yatırım Holding's (GYH or the Company) Corporate Governance Rating Grade that previously stood at 8.80 was raised to 8.86 for the period of 26.11.2013 - 26.11.2014.

Based on the Capital Markets Board's Corporate Governance principles of February 2013, GYH was rated 8.86 out of 10 and, as such, found suitable to remain in the BIST Corporate Governance Index during the period of 26.11.2013-26.11.2014.

Adnan Nas, Board and Corporate Governance Committee Member of GYH, emphasized that the Corporate Governance Compliance Rating as provided by Kobirate Corporate Governance Rating Company was based on the CMB and BRSA's regulations as well as standards of code of conduct and corporate governance of OECD and IOSCO. Mr. Nas also stated that Corporate Governance Principles were the most important reference points in the areas of institutionalization and sustainability of companies.

Indicating that Corporate Governance Compliance Rating was critical in raising transparency and accountability of the Company, Nas said that GYH remained committed to further improving its corporate governance rating.

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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.

JCR Eurasia Rating has affirmed the 2013 notes of Global Yatırım Holding's (GYH or the Company) credit rating in line with financial statements of September 2013.

The statement released by JCR Eurasia Rating emphasizes that GYH's total gross revenue and cash generating capacity continues its upward trend stemming from higher operational performance in all business units of GYH in 2013, in particular those of its port activities, mainly driven by Port Akdeniz and investments in the fields of energy supported by compressed natural gas and mining operations, REIT portfolio and financial sector. Although Global Liman İşletmeleri's increased debt burden suppresses its ability to distribute dividends, a major contribution to the Company's consolidated revenue; JCR is of the opinion that this adversity is expected to be eliminated through increased market share, net sales and additional contributions of newly purchased ports.

According to the statement, a decoupling factor for GYH is value creation and consequent cash conversion through the process of purchase or sale of assets in appropriate market conditions. Such strategies have caused sporadic movements in the composition of the Company's financial structure in the first nine-month period of 2013.

JCR further adds that "On the other hand, taking into consideration the ever-growing structure of revenues from the sale of natural gas and the support by increasing cash generation potential for growth through the acquisition of a portion of the shares of the Ports of Montenegro, Singapore, Barcelona and Malaga within the scope of "Private Equity" function along with liquidity that can be supplied from national and international markets, GYH's 'BBB (Trk)' note on the Long Term National Scale assigned by JCR Eurasia Rating on October 1, 2013 is assessed to be within the tolerance level referred by the assigned note and risk levels, and 'BBB-'note on the Long Term International Scale to be within the country ceiling note assigned for the Republic of Turkey in the sovereign rating category."

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

Global Yatırım Holding A.Ş.	Istanbul - November 20, 2013
Long Term International Foreign Currency	BBB- / (Stable Outlook)
Long Term International Local Currency	BBB- / (Stable Outlook)
Long Term National Local Rating	BBB (Trk) / (Stable Outlook)
Short Term International Foreign Currency	A - 3 / (Stable Outlook)
Short Term International Local Currency	A - 3 / (Stable Outlook)
Short Term National Local Rating	A-3 (Trk) / (Stable Outlook)
Sponsor Support	2
Stand Alone	B

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For Detailed İnformation

Optima İletişim/0212 347 79 11/ Cihan Kardeşler / cihan@optima-tr.com

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About GIH:

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.

Global Ports Holding is the Winner of the Port of Bar Tender held by the Montenegro Port Authority

Global Ports Holdings (the Company or GPH) has, through privatization, acquired the unlisted 62% share of the Port of Bar. This is the first time a Turkish company acquires the majority ownership of a port operation overseas, as has been indicated by Saygın Narin, the CEO of GPH.

GPH, the only operator of three leading commercial and cruise ports in Turkey, has been awarded the concession agreement for 30 years to repair, finance, operate and maintain the general freight and cargo terminal in the city of Bar, Montenegro as the winner of the tender held jointly by the Montenegro Ministry of Transport&Maritime and the Montenegro Port Authority. In a ceremony held on the Bar Port on November 15th 2013, a Turkish company for the first time acquired a majority stake in an international port.

GPH brought 62% of the Port of Bar into its portfolio for a total cost of c. Euro30mn. The acquisition is the first investment of GPH abroad as well as being the first ever Turkish acquisition of a controlling stake in an overseas port operation.

Aims to expand abroad

Mr. Narin indicated that the shipping industry entered a new era with the addition of the Bar Port into the GPH portfolio. He also added that GPH, having focused on organic growth and consolidation of its existing ports for the past three years, was now ready to press the button to become one of the leading commercial port operators regionally and the number one cruise operator globally with a total passenger traffic of 3.5mn.

Narin said "We have been targeting organic growth till now while revamping efficiency, systems and marketing processes in our Turkish ports. Having also successfully integrated our three ports, we are currently focusing on inorganic growth. We aim to add new ports, domestic and international into our portfolio. In that vein, we acquired 62% of the Port of Bar and more acquisitions are on the way.

The truck traffic will shift to Bar

Narin underlined that the Port of Bar had a throughput of 35.000-40.000 containers in an area of 400.000-450.000sqmt yet it could expand up to 1mn containers as a result of some infrastructure works to be carried.

Narin continued: "We aim to direct the Serbian traffic back to the port to increase utilization. There is a railway to the port which is not very active, we will utilize this railway more actively. Also, the Port of Bar will be able to serve the European countries in the vicinity. Of course, I should add that some portion of the truck traffic from Turkey to Europe and from Europe to Turkey will shift to the Bar Port. Additionally, the Port has very large warehouses; we aim to build a logistics center around these. Finally, the Port has a potential to become a new route for the cruise ships. Therefore, we plan to build a cruise pier in the Port. We will contribute to the economy of the country with the cruise pier as well."

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About GIH

Global Yatırım Holding A.Ş. (Global Investment Holdings) was regrouped as a holding company in 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 Borsa Istanbul (as GLYHO.IS) and utilizes its experience in the finance sector for industrial business opportunities.

About GPH
Global Ports Holding (Global Port) was established to utilize commercial and cruise port opportunities in Turkey and the Mediterranean area. Global Ports is a unique port group and operator in Turkey, currently managing three leading cruise and commercial ports. Since 2003, the Global Ports has developed a portfolio of strategically located ports in Turkey, each providing exceptional hinterland access with strong market demand fundamentals. Global Port is also the largest port operator with 50% of the Turkish cruise port market on the basis of number of cruise passengers received in 2012.

Global Investment Holdings (GIH or the Group) reported consolidated revenues of TL182.8mn for the nine months of 2013, compared to TL124mn for the same period last year, representing an increase of 47%.

GIH announced its financial results for the first nine months of 2013. According to the disclosure, consolidated net revenues reached TL182.8mn compared to TL124mn for the same period last year, representing an increase of 47%. This increase is due to robust operating performance of all of the business divisions in the Group with the Port and Energy Divisions being the largest contributors to consolidated revenues.

Earnings Before Interest, Tax, Depreciation and Amortization (EBITDA) amounted to TL97.1mn, including TL54.5mn goodwill gain from asset acquisitions. The comparable figure for the same period for 2012 was TL181.5mn incorporating a TL150.2mn gain from asset sales.

On a divisional basis, the Group's Port Division revenues reached TL107.4mn in the nine months of 2013, representing an 18% increase over the same period of 2012. Commercial port activities, and in particular the operational performance of the Port of Antalya were instrumental in the increase. The division's normalized EBITDA (adjusted for non-recurring project expenses) was TL69.3mn in the first nine months of 2013, compared to an EBITDA of TL58.8mn in the first period of 2012, representing an improvement of 18%.

The Group's Energy Division revenues in the first nine months of 2013 were comprised of CNG and feldspar mining sales amounting to TL41.4mn. EBITDA of the Division stood at TL51.5mn in the first nine months of 2013 compared to TL-9.6mn for the same period last year. 2013 EBITDA included negative goodwill gain of TL54.5mn arising from the acquisition of energy assets.

Finally, GIH reported a net loss figure of TL16mn in Q3 2013 with the main reasons being foreign exchange differences amounting to TL28.9mn incurred on Group's long term loans and depreciation and amortization charges of TL39.0mn triggered by asset acquisitions. Also, as a result of dividend distribution deferred taxes increased to TL11.2mn in 2013.

Kerem Eser, the Chief Financial Officer of the Group, referring to the continuous double digit growth in the operational performance of existing ports and the recent acquisition of new port assets, stated that the management is pleased with Group's cash generating capacity. In fact, Mr. Eser underlined that all business segments were cash positive in the third quarter of 2013. Finally, Mr. Eser mentioned that the main focus of the Group would continue to remain on profitability and receiving sustained cash dividends from investments in mainly energy, mining and real estate.

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About GIH

Global Yatırım Holding A.Ş. (Global Investment Holdings) was regrouped as a holding company in 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 Borsa Istanbul (as GLYHO.IS) and utilizes its experience in the finance sector for industrial business opportunities.

Reysaş Lojistik, which carries out its operations both locally and internationally with over 1,500 vehicles, won "Green Logistics Award" at International "Logistics Project Competition". Reysaş' CNG conversion cooperation with Naturelgaz has been one of the critical factors in winning this prestigious award.

Zafer Çağlayan, the minister of Economy delivered the award to Reysaş, the winner of the annual "Logistics Projects Competition". Presenting the award to Rasih Boztepe, the Vice Chairman of the Board at the opening of Sixth Mersin Logistics and Transport Fair, Mr. Çağlayan emphasized the importance of CNG conversion for trucks and other heavy commercial vehicles in an ecological approach.

Naturelgaz has already successfully completed the conversion of 30 Mercedes Axor trucks along the "Gas Sales and Vehicle Conversion" contract with Reysaş Lojistik, and plans to expand on the conversion numbers in 2014 has been influential in Reysas' success in the competition.

Project Conversion Target: 200 vehicles

Within the framework of the CNG conversion and gas supply agreement between Naturelgaz and Reysaş Lojistik, Project Conversion Target has been defined as 200 vehicles. According to the operational data from the first 30 converted trucks, Reysaş has achieved significant savings on fuel expenses as compared to diesel. Furthermore, CNG conversion of 200 trucks has enabled an annual decrease of 33,725 tons in greenhouse gas emissions. As such, contributing to Reysaş' eco-friendly stance, Naturelgaz continues to build on its environmentally-friendly performance. Truck conversion will expand in parallel to the growth in CNG refueling station infrastructure with Naturelgaz expecting to convert 80 Reysaş trucks in coming period.

www.naturelgaz.com

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In the statement made by JCR Eurasia Rating, it is stated that during the last decade when GYH has been restructured as a holding company, it has expanded its internal resource generation capacity through the sale of assets, has reached a sustainable income and has achieved profitability in 2012 via diversified revenue streams supported by the Company's various sectors, particularly geographically well located and an unbeatable position of the ports. The Company's long-term projection is also affected positively by adding new ports abroad and planning activation and/or establishment of thermal power plants, all of which contribute positively towards the rating upgrade.

According to the statement, taking into consideration the dominant shareholders' financial strength and desire to support the Company, the scale of the Company, planned projects and sectorial expansion, GYH's Sponsor Support grade has been upgraded to (2), denoting an adequate level. The Stand Alone grade of the Company has been also upgraded to (B) considering the ability of the Company to manage its undertaken incurred risks, internal resource generation and current level of capitalization.

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

Global Yatırım Holding A.Ş.	Istanbul - September 30, 2013
Long Term International Foreign Currency	BBB- / (Stable Outlook)
Long Term International Local Currency	BBB- / (Stable Outlook)
Long Term National Local Rating	BBB- (Trk) / (Stable Outlook)
Short Term International Foreign Currency	A - 3 / (Stable Outlook)
Short Term International Local Currency	A - 3 / (Stable Outlook)
Short Term National Local Rating	A-3 (Trk) / (Stable Outlook)
Sponsor Support	2
Stand Alone	B

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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 Borsa Istanbul (as GLYHO.IS) and utilizes its experience in the finance sector for industrial business opportunities.

Global Liman İşletmeleri A.Ş., 99.99% subsidiary of Global Yatırım Holding A.Ş., a publicly traded company in Istanbul Stock Exchange, has recently concentrated its efforts throughout 2013, into transferring its know-how gained domestically, to the international arena. As such, the Company won the bid for the privatization of Port of Bar-Montenegro, and has plans to bid for other privatizations in countries in the region.

Taking into account the Company's internal fund generating capacity, balance sheet composition, business structure, group synergy, market penetration, increasing interest of foreign institutions, the organic and inorganic growth potential domestically and internationally, foreign currency revenue generating capacity, the capability to access long term resources and the risks and opportunities offered by the current economic conjuncture, the Company's long-term international foreign currency grade has been confirmed as BBB-, the sovereign national ratings of the Republic of Turkey.

The level of the shareholders' willingness to provide support to the Company and its financial strengths has been assessed as (2) in the Sponsor Support category and the Company's ability to manage the risks undertaken within its own capabilities has been assessed as (AB) in the Stand-Alone category. While the (AB) notation in Stand Alone category denotes a "high" level based on JCR Eurasia's notation system and showed that the institution will fulfill its obligations without external support, with the notation of (2) indicating an adequate level of external support.

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

Global Liman İşletmeleri A.Ş. Istanbul - May 23, 2013 Istanbul - June 18, 2012
Long Term International Foreign Currency BBB- / (Stable Outlook) BBB-/ (Stable Outlook)
Long Term International Local Currency BBB- / (Stable Outlook) BBB- / (Stable Outlook)
Long Term National Local Rating A- (Trk) / (Stable Outlook) A- (Trk) / (Stable Outlook)
Short Term International Foreign Currency A - 3 / (Stable Outlook) A - 3 / (Stable Outlook)
Short Term International Local Currency A - 3 / (Stable Outlook) A - 3 / (Stable Outlook)
Short Term National Local Rating A-1+ (Trk) / (Stable Outlook) A-1+ (Trk) / (Stable Outlook)
Sponsor Support 3 2
Stand Alone B AB

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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 Global Ports Holding

Global Ports Holding (Global Port) was established to utilize commercial and cruise port opportunities in Turkey and the Mediterranean area. Global Ports Holding is a unique port group and operator in Turkey, currently managing three leading cruise and commercial ports. 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 market of Turkey on the basis of number of cruise passengers received in 2012.

Following the successful completion of bond issues in the first quarter of 2013, Global Investment Holdings (GIH) is launching another TL bond issue of TL100,000,000 in nominal value and up to five years maturity. This issue will also be led by Ak Yatırım as with the previous issues.

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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 (GIH or the Group) reported consolidated revenues of TL107.0mn for H1 2013, representing an increase of 58% compared to the same period last year.

GIH announced its financial results for the first half of 2013. According to the disclosure, the consolidated net revenues reached TL107.0mn compared to TL67.8mn for the same period last year. All areas of operation recorded growth in H1 2013; yet, the port and energy investments made the most significant contribution to consolidated turnover.

Earnings Before Interest, Tax, Depreciation and Amortization (EBITDA) amounted to TL72.8mn for the period, compared to TL10.3mn for the same period last year.

Finally, GIH reported a net profit figure of TL3.5mn in H1 2013, compared to a net loss of TL14.3mn in H1 2012.

On a divisional basis, the Group's Port Division revenues reached TL60.8mn in H1 2013, representing an 18% increase over the same period in 2012. The Group's Port Division reported an EBITDA of TL28.3mn in the first half of 2013, compared to TL30.6mn for the same period in 2012, a decrease of 8%. However, when adjusted for TL8.2mn in project development expenses for new port acquisitions in Q2 2013, the Port Division maintained the same level of profitability yoy with an EBITDA margin of 60%.

The Group's Energy Division revenues in H1 2013 comprised of CNG and feldspar mining sales which amounted to TL24mn. EBITDA of the Division stood at TL53.2mn in the first half compared to TL-7.7mn for the same period last year. The current year EBITDA included TL51.8mn in negative goodwill due to the acquisition of Straton Mining in Q2 2013.

PERA REIT recorded net revenues of TL6.7mn, compared to TL2.3mn for the same period of 2012, representing a 180% increase. The robust performance of the Division was due to a pick-up in residential unit sales in Q2 2013 and contributed materially to the consolidated profit of the Group.

GIH reported a net profit figure of TL3.5mn in H1 2013. Improved operational performance in the period has been partly hampered by non-cash foreign exchange losses on long term loans, higher depreciation and amortization charges and changes in deferred taxation resulting from dividend distribution.

Kerem Eser, the Chief Financial Officer of the Group, stated that the wealth of knowledge accumulated and constant strides made in port management over the past decade had started to bear fruit. Referring to the Port of Bar of Montenegro and other overseas ports the Division is eyeing, Mr. Eser indicated that the Group is exhilarated to be the first and only Turkish port management company with an international footprint. Finally, Mr. Eser underlined that the Groups' investments in energy and mining industries developed in line with the management targets during first half of the year and the focus on consolidated profitability would remain the main objective of the Group in the foreseeable future.

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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 industry for industrial business opportunities.

Naturelgaz, Turkey's leading distributor of affordable and environmentally-friendly fuel, CNG, opens its 11th natural gas station in Kayseri.

Naturelgaz, 80% owned by Global Energy A.S., a subsidiary of Global Investment Holdings in the energy sector, advances its leadership in Turkey in the field of compressed natural gas (CNG). Naturelgaz has been awarded a three-year rental contract to operate a natural gas station in a tender organized by Kayseri Metropolitan Municipality by bidding TL1,350,000 for a plot of 5,925 square meters. As a result of this win, Naturelgaz will introduce CNG, an efficient and affordable source of energy, to the residences and businesses of Kayseri.

Considering Kayseri an important market due to its constantly growing industry and economy as well as significant investments in recent years, Naturelgaz will satisfy the entire fuel demand of public bus and light commercial vehicle fleet in Kayseri in addition to supplying fuel to logistic companies operating in the region. Today in Kayseri, 190 public buses that are running on CNG are targeted to be served by Naturelgaz. Naturelgaz will plan to convert an additional 180 public buses with dual fuel (CNG, diesel) kits. As such, Naturelgaz, which will also convert Saray Group's vehicles and tractors, aims to meet the entire fuel demand of Kayseri's public and private sector.

CNG, suitable for both diesel and oil vehicles stands out as an affordable, environmentally friendly and safe source of alternative energy. As the only 120 octane fuel, CNG's per kilometre cost is 75% cheaper compared to oil while it costs 35% and 25% less vs. diesel and LPG, respectively. Naturelgaz is the first company with a license to carry out the necessary engine conversion process for CNG, which is also commonly consumed worldwide.

Naturelgaz, as the operator of the first build-operate-transfer CNG station in Turkey, serves a wide array of customers ranging from big industrial enterprises to SME's as well as residential apartment blocks and hotels. The company currently has 11 stations across Turkey, in Osmaniye, Bolu, Sakarya, Bursa, Manisa, İzmir, Aydın, Afyon, Antalya, Konya, including the natural gas station in Kayseri. Naturelgaz carries out its investments at full speed in order to extend the reach of CNG and as such aims to have 17 stations throughout the country by the end of 2013.

About Naturelgaz:

Naturelgaz is a licensed company with Global Investment Holdings and Goldenberg Group partnership since 2004. The Company's current business is the sale and distribution of bulk Compressed Natural Gas (CNG) as well as the provision of necessary equipment and installation services for the customer's facilities. Besides growing in the bulk CNG market, the Company plans to expand its existing CNG business into retail by entering the transportation industry. The largest three companies operating in the market account for approximately 95% of the total CNG consumption. Naturelgaz is the largest company in the sector with approximately 60% 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 Borsa Istanbul (as GLYHO.IS) and utilizes its experience in the finance industry for industrial business opportunities.

Following the successful completion of bond issues in the first quarter of 2013, Global Investment Holdings (GIH) is launching another TL bond issue of TL100,000,000 in nominal value and up to five years maturity. This issue will also be led by Ak Yatırım as with the previous issues.

Commenting on the transaction, Mr. Kerem Eser, the CFO of GIH, stated that the current stable economic climate of the country is supportive of private sector corporate debt instruments of at least five years maturity, similar to instruments in the international markets. Eser further underlined GIH's pioneering role in the Turkish corporate debt market with this issue.

www.globalyatirim.com.tr

For Further Information
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 Ports Holding (GPH or the Company), 100% subsidiary of Global Investment Holdings, is currently the operator of three leading commercial and cruise ports in Turkey. The Company announced that it has been communicated, by the Tender Commission, the result of the tender for the Port of Bar, which was held by the Ministry of Maritime Transportation of Montenegro. GPH has been selected as the preferred bidder for the tender to operate, finance and repair the Port of Bar for a period of 30 years and is now invited to the process of contract negotiation.

The Port of Bar has a current maximum capacity of 1mnTEUs container and 6mn tons of general cargo; however, due to the lack of proper highway, underutilization of the railway network and insufficient infrastructure, the port is currently not being used to its full potential. Port of Bar used to be the main port of the Federal Republic of ex-Yugoslavia, and as such GPH's initial plan is to attract back the trade traffic of Serbia, Kosovo, Albania, Macedonia and Bulgaria. The port will then have the chance to replicate the success of the past years and continue growing in the region.

GPH as the preferred bidder for the tender to acquired the unlisted 62.09% of the Port of Bar for 30 years with the the rest of the shares remaining in public trading.

www.globalyatirim.com.tr
www.globalports.com.tr

For Further Information
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 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.

Dear Stakeholder,

Turkey is moving ahead into the future while continuing to make significant breakthroughs.

Likewise, we, as Global Investment Holdings work with all our might and do our utmost to propel the country forward. Aiming to carve out a tomorrow even better than today, we continue to create value and take steps to achieve future growth and development in the port, real estate, finance and energy sectors.

We are fully aware that success does not depend on chance but rather on keen insight stemming from deep experience and a "precise" vision for the future while taking appropriate actions to achieve this vision. Adhering to the approach that "the past is the best ground on which to build a sound future", we are inspired by success stories throughout the human history, to create today the values of tomorrow.

In order to better describe Global Investment Holdings' accomplishments, our 2012 Annual Report includes individuals who introduced unique innovations that we use today and that will continue to serve as the basis for the future, and who were able to envision and shape tomorrow during the time they lived.

Please click the link below to review Global Yatırım Holding's 2012 Annual Report that illustrates our difference and to learn our past, present and outlook for tomorrow.

http://www.gyhannualreport.com

Please contact the Investor Relations Department to receive a hard copy.

Sincerely,

investor@global.com.tr
ir.globalyatirim.com.tr
www.globalyatirim.com
facebook.com/GLYHOIR
twitter.com/GLYHOIR

Port Akdeniz-Antalya, one of three ports operated by Global Port Holding has had a swift entry into the May-September period when international trade volumes traditionally run high.
Handling over 22,000TEU in May 2013, Port Akdeniz achieved the highest monthly container volume on record. Furthermore, the Port handled 204,303 TEU of container volume during the past twelve months of May 2012-May 2013, breaking yet another record in its history.

Mr. Ozgur Sert, the General Manager of Port Akdeniz indicated that during the first five months of the year Port Akdeniz volumes expanded by 28% yoy, signaling a sharp pick-up in regional trade ahead of the traditionally busy season. Sert further mentioned that Port Akdeniz has been taking all the necessary steps in its planning, operations and investments, and will continue to do so in the future. "It is obvious that the Akdeniz region will remain a beneficiary of the joint efforts of all the stakeholders working together under a common denominator. As such, we are pleased to receive favorable feedback from our clients regarding lower logistic costs compared to previous years. Given lower costs and higher operational efficiencies, we are convinced that Port Akdeniz will remain the first choice of our clients in the region."
www.globalyatirim.com
www.globalports.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 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.

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 5mn tons 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%.

For Further Information:

Optima İletişim / Gülşen BECERİKLİER/ 0212 347 79 11 / gulsen@optima-tr.com

Due to the upgrading of Turkey's Sovereign Rating, the international FC and international LC notes of 47 companies and institutions have been upgraded by JCR Eurasia Rating. In addition, outlooks have been revised for some institutions.

As such, Long Term International Foreign Currency rating of GYH and Global Liman İşletmeleri A.Ş., a 100% subsidiary of GYH, have been revised to BBB- (Stable Outlook) from BB (Stable Outlook) and to BBB- (Stable Outlook) from BB+ (Stable Outlook), respectively.

Kerem Eser, the Chief Financial Officer of GYH, stated that the investment upgrade by JCR Eurasia Rating further underscores the management's belief that the Group now has the perfect climate to expand its efforts in power generation, compressed gas sales and port acquisitions as cheaper financing options with longer maturity terms become available from the debt markets.

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

Global Yatırım Holding A.Ş.	Istanbul - November 13, 2012	Istanbul - May 29, 2013 Upgraded
Long Term International Foreign Currency	BB / (Stable Outlook)	BBB- / (Stable Outlook)
Long Term International Local Currency	BB / (Positive Outlook)	BBB- / (Stable Outlook)
Long Term National Local Rating	BBB- (Trk) / (Positive Outlook)	BBB- (Trk) / (Positive Outlook)
Short Term International Foreign Currency	B / (Stable Outlook)	A - 3 / (Stable Outlook)
Short Term International Local Currency	B / (Stable Outlook)	A - 3 / (Stable Outlook)
Short Term National Local Rating	A-3+ (Trk) / (Stable Outlook)	A-3+ (Trk) / (Stable Outlook)
Sponsor Support	3	3
Stand Alone	BC	BC
Global Liman İşletmeleri A.Ş.	Istanbul - June 18, 2012	Istanbul - May 29, 2013 Upgraded
Long Term International Foreign Currency	BB+ / (Stable Outlook)	BBB- / (Stable Outlook)
Long Term International Local Currency	BB / (Stable Outlook)	BBB- / (Stable Outlook)
Long Term National Local Rating	A- (Trk) / (Stable Outlook)	A- (Trk) / (Stable Outlook)
Short Term International Foreign Currency	B / (Stable Outlook)	A - 3 / (Stable Outlook)
Short Term International Local Currency	B / (Stable Outlook)	A - 3 / (Stable Outlook)
Short Term National Local Rating	A-1+ (Trk) / (Stable Outlook)	A-1+ (Trk) / (Stable Outlook)
Sponsor Support	3	3
Stand Alone	B	B

 

Further Information:
investor@global.com.tr

About GYH
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.

 

Board of Director's proposal regarding the dividend distribution has been approved at the Assembly General Meeting held today. Accordingly, distribution of gross cash dividends of TL13,365,000 (or net dividend per share of TL0.059399) will start on May 31, 2013.

Mehmet Kutman, Chairman of the Group, indicated that due to legal restrictions on distributions, the Company could not pay dividends in the past; however, these restrictions were lifted at the end of 2012. He emphasized that GIH aimed to continue with regular dividend payments in line with the Company's cash management and investment strategy, and hopefully meet investor expectations regarding dividend distributions.

According to Mr. Kutman, the Company will commence the construction of the Şırnak Thermal Power Plant in 2013. The Port Division is continuing with its solid performance in its existing operations while remaining interested in acquiring a number of ports in the Mediterranean basin, particulary Greece as well as in some African and Central American destinations. Finally, Mr Kutman reminded that GIH's share at Global Ports Holding (GPH) was restored back to 100% in early 2013 and an investment bank was mandated to evaluate strategic alternatives for GIH's investment in GPH, including the sale of GPH shares or port assets in whole or in part.

Further Information:
investor@global.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 Borsa Istanbul (as GLYHO.IS) and utilizes its experience in the finance sector, for industrial business opportunities.

Global Investment Holdings (GIH or the Group) reports consolidated revenues of TL43.2mn for the 1st Quarter of 2013, representing an increase of 69% compared to the same period last year.

GIH announced its financial results for the first quarter of 2013. According to the disclosure, the consolidated net revenues reached TL43.2mn compared to TL25.6mn for the same period last year. TL11.2mn difference is due to the change in accounting policy (IFRS 11 Joint Arrangements), where energy segment revenues and expenses in Q1 2012 have been eliminated in the profit and loss statement and restated as equity pickup investments as a single line item. Excluding this, the increase in the combined revenues of port, finance and real estate divisions was 25% in the first quarter of 2013 over the same period in 2012.
GIH also announced that, at the end of first quarter of 2013, Earnings Before Interest, Tax, Depreciation and Amortization (EBITDA) amounted to TL4.1mn, compared to TL3.7mn for the same period last year, representing an increase of 12%.

GIH reported a net loss of TL19.8mn in Q1 2013, versus a consolidated net profit of TL1.7mn in Q1 2012. The loss in Q1 2013 is almost fully attributable to temporary foreign exchange differences and changes in deferred taxation as a result of the declared dividend distribution, both of which are non-cash accounting expenses.

On a divisional basis, the Group's Port Divison revenues reached TL22.1mn in the first quarter of 2013, representing a 26% increase over the same period in 2012. The Group's Port Division reported an EBITDA of TL8.6mn in Q1 2013, at par with the same period in 2012. Cruise operations were at its lowest level due to seasonality. Commercial container operations grew by 26%; however, non-recurrent business development expenses for the potential acquisition of a number of ports led to a lower margin in the first quarter of 2013.

The Group's Energy Division revenues comprised of CNG sales only and reported an EBITDA of TL2.4mn in Q1 2013 compared to a TL-0.7mn in the same period of 2012.

Kerem Eser, the Chief Financial Officer of the Group, stated that the increase in net revenues was in line with the budget and the Company will continue to grow as more of Group's investments bear fruit. He further stated that with Turkey's investment grade rating affirmed very recently yet by another rating firm, the management is of the belief that the Company has now the perfect climate to further expand its investments in power generation, compressed gas sales and port acquisitions as cheaper financing options with longer maturity terms become available from the debt markets. Kerem Eser finally reminded that the Board of Directors of the Group resolved to propose the distribution of gross cash dividends of TL13,365,000 to the approval of the General Assembly in May, 2013. Eser emphasized that GIH aimed to continue with regular dividend distributions in line with the Company's cash management and investment strategy, and hopefully meet investor expectations regarding dividend distributions.

www.globalyatirim.com.tr

Further Information:
investor@global.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 Borsa Istanbul (as "GLYHO.IS") and utilizes its experience in the finance sector, for industrial business opportunities.

Today, Board of Directors of GIH resolved to propose the distribution of gross cash dividends of TL 13,365,000 to the approval of the General Assembly. The gross dividend amount of TL 0.059399 per share will be voted at the first Annual Meeting to discuss the Company's 2012 Financial results.

Serdar Kırmaz, Board Member and General Manager of the Group, stated that GIH aimed to continue with regular dividend distributions in line with the Company's cash management and investment strategy, and hopefully meet investors expectations regarding dividend distributions. Expressing his satisfaction, Kırmaz indicated that due to legal restrictions on distributions, the Company could not pay dividends in the past; however, these restrictions were lifted at the end of 2012. Kırmaz also added that he believed investors would find the distribution equating to a 3.3% dividend yield satisfactory.

www.globalyatirim.com.tr

Further Information:
investor@global.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' ("GIH" or "the Group") reports consolidated net profit of TL 108.1 million in 2012, compared to a net loss of TL 82.0 million in the same period last year.

Global Investment Holdings' revenues for 2012 were TL 328.4 million compared to TL 364.2 million last year, representing a decrease of TL 35.8 million. The decrease was attributable to Energaz, the company which was divested in July 2012 and hence, contributing to 2012 revenues for only 7 months (vs. full year in 2011). Excluding Energaz revenues, 2012 revenues were TL 175.9 million compared to TL 150.2 million in 2011, representing a 17% increase.

On the profit line, the Company reported a net profit of TL 108.1 million in 2012, compared to a loss of TL 82.0 million in 2011. The Group's consolidated EBITDA reached TL 213.6 million, representing a 149% increase compared to the same period in 2011. TL 150.2 million gain from sale of the Group's share in the regional natural gas distribution business was instrumental in the bottom line. The appreciation in the value of TL against USD resulted in net foreign exchange gains of TL 13.8 million in 2012 (compared to TL 42.7 million foreign exchange loss in 2011). TL 48.3 million of depreciation and amortisation charges costs as well as TL 46.5 million provision expense incurred from the Başkentgaz tender limited otherwise a higher profit.

On a divisional basis, the Group's Port Divison revenues reached TL 122.4 million in 2012, representing a 13% increase over the previous year. Commercial port revenues increased by 21% due to higher cargo handling and more favorable fx rates. Cruise revenues were more or less at par with the same period last year. The division recorded an EBITDA of TL 80.2 million, compared to TL 64.8 million. Energy division reported revenues of TL 162.0 million in 2012, compared to TL 217.2 million in 2011. In July 2012, the Group divested its 50% interest in the regional gas distribution assets (EIH) for a total consideration of USD 75.0 million. The business was contributing negatively to the consolidated profits and the cash flow, due to low gas margins, high investment requirements and the accounting policies applied. The Group recorded a gain of TL 150.2 million from this sale as per consolidated financials prepared in accordance with the CMB regulations. Excluding EIH, Energy division revenues were TL 9.6 million in 2012 compared to TL 3.2 million last year. Following the divestiture of EIH, Energy division revenues currently includes only compressed natural gas sales by Naturelgaz. Energy Division reported an EBITDA of TL 7.4 million, compared to TL 1.0 million in 2011.

Kerem Eser, Chief Financial Officer of the Group, stated that following the successful portfolio restructuring and the eurobond redemption in 2012, the Group's consolidated financial indebtedness has improved significantly with consolidated gross financial debt decreasing by 41%, from TL 447.7 million in 2011 to TL 294.9 million as of 31 December 2012. Kerem Eser reminded that Global Energy, 99.99% subsidiary of GIH, has acquired the shares held by STFA, and the Goldenberg Family in Naturelgaz corresponding to 25% and 30% of Naturelgaz, respectively. He stated that, following these acquisitions, Global Energy's share in Naturelgaz increased to 80%. Also, Eser indicated that following the successful launch of TL 75,000,000 nominal debut bond issue in January 2013, GIH subsequently completed the sale of the second tranche in 29 March 2013, with the same nominal value as the previous one, yet, offering a longer maturity (3 years) and 50bps lower spread. He underlined that in a climate of low interest rates and low inflation corporate bonds would continue to be important debt instruments for companies with sound corporate governance and strong financial structure like GIH.

www.globalyatirim.com.tr

Further Information:
investor@global.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.

Following the successfull completion of TL 75,000,000 nominal bond issue in January 2013, Global Yatirim Holding ("GYH") is launching another TL bond issue with the same amount as the previous one, but this time with a longer maturity (3 years). This issue will also be led by Ak Yatırım.

Commenting on the transaction, Mr. Kerem Eser, The CFO of Global Investment Holdings, reminded that merely a fraction of the demand could have been covered on the previous issue because of strong demand and oversubscription, and he further underlined that the corporate bonds will continue to be an important debt instrument for the companies with sound corporate governance scheme and having strong financial structure just like Global Yatirim Holding, in a climate of low interest rate and low inflation. Mr. Eser further noted that with the new issue, the yield curve will be extended to 3 years in line with the Company's investment strategy, such yield curve being targeted with no further increase in spreads.

www.globalyatirim.com.tr

For Further Information
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.

22.114% of Global Ports Holding, Turkey's leading port operator, was sold to VEI Capital SPA ("VEI Capital") in July 2011. Today Global Investment Holdings reacquired these shares and consequently became the sole owner of the company at 100%.

As per the announcement made by GIH, the price of the shares totaled USD 91.7 mn, paid in cash and excluding accrued dividend. Mr. Kerem Eser, CFO of GIH, said: "We once again became the 100% shareholder of Global Ports. Considering the major improvements in the macro-economic fundamentals of Turkey, and the subsequent increase in investor interest, especially in the infrastructure sector this transaction will have a positive effect on the profitability of the Group. Furthermore, Global Ports has created the necessary background for future inorganic growth."

Mr. Saygın Narin, The CEO of Global Ports, made an announcement regarding the transaction, and said: "GIH became 100% shareholder of Global Ports. Having a strong shareholding structure is surely important for our goals of inorganic growth by entering new ports projects. That being said, today as Global Ports we are the only port operator in Turkey, operating three important ports in cruise and commerce segments with Port of Akdeniz, Ege Ports and Bodrum Cruise Port.
We recorded 83% growth in our ports from 2009 to 2012. I would like to point out that we achieved this growth in a time of global recession and shrinking economies in countries we do business with, and this growth is much higher than the economic growth Turkey has successfully achieved in the same period."

Mr. Narin also stated: "We have plans to add overseas ports to our portfolio. In this context, there are a number of ports in the Mediterranean basin, particularly in Greece, which the Company is following closely, not to mention destinations in Adriatic, Africa and Central America. Domestically, in 2013 the Group is very much interested in the privatization tenders of Derince and Galata Ports, in partnership with potential foreign and domestic partners."

www.globalyatirim.com.tr

www.globalports.com.tr

For Further Information
investor@global.com.tr

About GIH:
Global Yatırım Holding A.Ş. (Global Investment Holdings) was regrouped as a holding company in 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 accumulated experience in finance for industrial business opportunities.

About Global Ports Holding:
Global Ports Holding (Global Port) was established to utilize commercial and cruise port opportunities in Turkey and the Mediterranean area.
Global Ports Holding is a unique port group and operator in Turkey, currently managing three leading cruise and commercial ports. 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 market of Turkey on the basis of number of cruise passengers received in 2012.

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 is in close proximity to important historical sites such as the ancient city of Ephesus, the city of ancient Greek and then of Rome, and the House of the Blessed Virgin Mary where Virgin Mary is believed to have lived and is a holly place for Christians. In 2012 Ege Ports - Kuşadası with a total of more than 564,000 cruise passengers was the busiest cruise port in Turkey on the navigation basis and the 16th most visited port of call in the Mediterranean according to G.P. Wild International. Ownership 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. It is located on Turkey's Mediterranean coast, a mineral-rich region where commercial products such as marble, chromium, cement etc. 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 3.1 percent of Turkey's maritime exports in 2011 was shipped through Port Akdeniz - Antalya. Port Akdeniz – Antalya also 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 given its proximity to Antalya Airport, is an important international airport, and valuable archeological sites. Ownership 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, originated as an ancient Carian fishing village, is home to one of the best-preserved medieval Crusader castles and currently one of the most popular sea vacation destination. 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. Ownership of Global Ports in Bodrum Cruise Port is 60%.

Port Akdeniz – The Port of Antalya, run by Global Ports Holding; Global Investment Holdings' unique commercial and cruise port operator owning 3 major ports of Turkey, has broken a record by succeeding to double its cargo traffic and to increase its cruise passenger traffic 10 times within the last 5 years. Port Akdeniz, who has handled 40% more containers in January 2013 compared to the previous year, continues to grow rapidly.
Global Ports Holding, aiming to realize its targets concerning the future of Antalya, said: "While until the year 2012 only 3 major shipping lines' containers were handled by Port Akdeniz, today the number of shipping lines served has raised to 7. ARKAS Kabotaj, ARKAS Line, CMA CGM, CSAV Norasia, MAERSK, MSC and ZIM are among the shipping lines calling at Port Akdeniz. We are expecting this number to keep growing in 2013, as we are continuing our negotiations with new shipping lines."
"Differently from almost all the other ports in Turkey, as Port Akdeniz – The Port of Antalya, we are providing port services in the proper sense. While today's ports are handling monotype cargo on finger pier, Port Akdeniz offers all type of port services including cruise, bulk and general cargo, liquid and container cargo and also storage services."
Port Akdeniz – The Port of Antalya, thanks to its success and increasing service quality at its cruise terminal, is the only Turkish port achieving a great success by getting to the finals in the World Segment for the "Port of Year" category at Seatrade Insider Cruise Awards, which is one of the most prestigious annual awards of cruise sector.
Equally, in March 2011, Port Akdeniz received "The Most Improved Terminal Facilities" award, by Dream World Cruise Destinations Magazine among hundreds of other ports in 15 different categories. To be aligned with the future needs of the sector, Port Akdeniz will continue its investments, but also continue creating employment and developing the city of Antalya.
About Global Ports Holding:
Global Ports Holding (Global Ports) was founded in the aim of utilizing the opportunities in both commercial and cruise ports in Turkey and the Mediterranean Region.
Global Ports is currently the only port group and operator in Turkey operating three leading cruise and commercial ports. Since 2003, Global Ports group has developed a portfolio offering hinterland access with strong market demand basis and comprised of strategically located ports of Turkey. Global Ports is the biggest port operator of Turkey based on the number of incoming vessels in 2008 by enjoying a share of 57 percent in the cruise port sector.
The ports under Global Ports:
Port Akdeniz
Port Akdeniz – The Port of Antalya focuses on commercial operations and also conducts cruise operations.
Port Akdeniz – The Port of Antalya is situated at the Kemer junction at the westernmost end of Antalya province and is linked to its hinterland by high-quality highways that connect to such major centers of tourism, industry, and commerce as Alanya, Mersin, Konya, Akşehir, Afyon, Burdur, and Denizli. The port plays a complementary role along with the high-capacity domestic and international Antalya airport nearby in making the region an important transportation hub.The Global Ports Group has a 100% interest in Port Akdeniz – The Port of Antalya.
Ege Ports
Kuşadası Port ("Ege Ports – The Port of Kuşadası") is a cruise and ferry port on Turkey's Aegean coast. Ege Ports – The Port of Kuşadası is located near Ephesus, an important and well preserved ancient Greek and, later, Roman city that is a major tourist attraction. Ege Ports – The Port of Kuşadası is also near the House of the Blessed Virgin Mary, a shrine reputed to be the final home of the Virgin Mary. According to the UMA, in 2009 Kuşadası was the most heavily-visited cruise port in Turkey in terms of vessels called-in and, according to G.P. Wild International Limited, it was the sixteenth most heavily-visited cruise port of call in the Mediterranean with a total of more than 568,000 cruise passengers. The Global Ports Group has a 72.5% interest in Ege Ports – The Port of Kuşadası.
Bodrum Cruise Port
Bodrum Cruise Port is a cruise, ferry and mega-yacht port located on Turkey's Aegean coast near the town of Bodrum. The port commenced operations in the second quarter of 2008. First established as a fishing village in ancient Caria, Bodrum has one of the best-preserved medieval castles in Europe, and is one of Turkey's most popular seaside resorts. Since commencing operations in 2008, Bodrum Cruise Port has quickly become a popular stop-over for super and mega-yachts, providing fresh water, power, duty-free fuel and provisions to the yachts. Bodrum Port also offers service to foreign military ships. The Global Ports Group has a 60% interest in Bodrum Cruise Port.

Issue launched early morning on the 24th and was oversubscribed 4 times in the first hours by 1000am. The sole underwriter AK Yatirim, a wholly owned subsidiary of the leading bank in Turkey AKBANK T.A.S, placed 69,5 pct of the issue with 43 institutional investors domestically and remaining %30,5 pct was placed to qualified retail investors. The bonds will start trading on Istanbul Stock Exchange on 28th January under the ISIN code TRSGLMD11512.

Commenting on the transaction, Mr. Kerem Eser, The CFO of Global Investment Holdings, said: "The strong demand yet again confirmed how well the Company and its projects portfolio is perceived by our investors." Reminding the previous eurobond issues on international markets, Eser underlined Global Investment Holdings' pioneering role in the bond markets as well as the capital markets, being one of the very few corporate bond issuers, excluding banks and financial institutions. Mr. Eser remarked that the issuance will positively contribute to existing debt structure of the holding by means of debt diversification, and he further stated that the cash proceeds from the issue will help the Company to accelerate the pace of its projects being pursued.

www.globalyatirim.com.tr

For Further Information
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, 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

Bülten Detaylı Bilgi İçin
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.