ANADOLU HAYAT EMEKLİLİK A.Ş. COMPANY PRESENTATION Decem ber 2009

ANADOLU HAYAT EMEKLİLİK A.Ş.ANADOLU HAYAT EMEKLİLİK A.Ş.COMPANY PRESENTATIONCOMPANY PRESENTATION

DecemDecember 2009ber 2009

2

IndexIndex

Corporate ProfileCorporate Profile

Lines of Business - Life & Pensions Lines of Business - Life & Pensions

FinancialsFinancials

Stock DataStock Data

3


Established in 1990 as a subsidiary of Türkiye İş Bankası

First life insurance company in Turkey

The only Life & Pension company publicly traded (since 2000)

Has been operating in pension business since 27.10.2003

Market leader in life insurance sector since establishment

4

Ownership StructureOwnership Structure

16%16%Free FloatFree Float

1%1%Milli Reasürans A.Ş.Milli Reasürans A.Ş.

1%1%Fortis Bank A.Ş.Fortis Bank A.Ş.

20%20%Anadolu Anonim Türk Sigorta Şirketi Anadolu Anonim Türk Sigorta Şirketi

62%62%Türkiye İş Bankası A.Ş.Türkiye İş Bankası A.Ş.

5

TOTAL NUMBER OF COMPANIES TOTAL NUMBER OF COMPANIES AS OF AS OF 30.06.200930.06.2009

Source: Source: Treasury

Insurance Companies (Insurance) 55

- Non-Life 32

- Life 10

- Life & Pension 12

- Pension 1

Reinsurance Companies 1

6

TURKEY INSURANCE SECTOR TURKEY INSURANCE SECTOR Premium Productions as of 2008Premium Productions as of 2008

Source: Treasury

Total Premium Per Capita (USD) 123

Non-Life Premium Per Capita (USD) 107

Life Premium Per Capita (USD) 16

Total Premium Production (Billion USD) 8,8

Total Premium Production / GDP 1,20 %

7

TURKEY PENSION SYSTEMTURKEY PENSION SYSTEMContributions as of 30.06.2009Contributions as of 30.06.2009

Source: Treasury

Total Pension Fund System Contributions Per Capita (USD) 56

Total Pension Fund System Contributions (Billion USD) 4,02

Total Pension Fund System Contributions / GDP 1,40 %

8

Growth StrategyGrowth Strategy

Distribution Channel StrategyDistribution Channel Strategy Focus on BancassuranceFocus on Bancassurance Expanding Direct Sales TeamExpanding Direct Sales Team Improve agency profileImprove agency profile

Improve Customer Service QualityImprove Customer Service Quality

Improve HR quality and thus productivityImprove HR quality and thus productivity

Focus on Corporate Pension BusinessFocus on Corporate Pension Business

9





10

Lines of BusinessLines of Business

EndowmentEndowment Term LifeTerm Life AnnuitiesAnnuities

IndividualIndividual CorporateCorporate

Life InsuranceLife InsurancePensionsPensions

11

Started Started on on 27.10.2003 27.10.2003 1133 Licensed Licensed ppension ension ccompaniesompanies Third Third ppillar illar ssystemystem Defined Defined ccontributionontribution Voluntary participationVoluntary participation Tax incentives for both participant & employerTax incentives for both participant & employer FFully funded ully funded system system Minimum retirement age is 56 Minimum retirement age is 56 Funds are managed by asset management companiesFunds are managed by asset management companies Separate pension accounts for each participantSeparate pension accounts for each participant Participants have the right to;Participants have the right to;

Switch funds or pension plan Switch funds or pension plan Transfer accounts between pension companies once a Transfer accounts between pension companies once a

yearyear Merge their separate pension accountsMerge their separate pension accounts Cease contribution paymentsCease contribution payments Leave at anytimeLeave at anytime

Private Pension System in Turkey Private Pension System in Turkey Basic FeaturesBasic Features

12

PPrivate Pension System in Turkey rivate Pension System in Turkey

Tax IncentivesTax Incentives

Contribution StageContribution Stage Contributions are tax deductible up to %10 of income Contributions are tax deductible up to %10 of income

with a cap of annual minimum wage.with a cap of annual minimum wage. Employer contributions are also tax deductible subject to Employer contributions are also tax deductible subject to

the same limitsthe same limits

Investment StageInvestment Stage Investment income of pension funds are tax exemptInvestment income of pension funds are tax exempt No stamp tax in setting up pension fundsNo stamp tax in setting up pension funds No tax on transactions in pension systemNo tax on transactions in pension system

Benefits paymentsBenefits payments %25 of retirement payments are exempt from income tax%25 of retirement payments are exempt from income tax Residual is subject to a witholding tax of 5 %Residual is subject to a witholding tax of 5 % Early surrenders are subject to 15% or 10%Early surrenders are subject to 15% or 10% (in case of (in case of

completion of 10 yrs within the system) witholding tax completion of 10 yrs within the system) witholding tax with no exemptionwith no exemption

13

TREASURY

PENSION MONITORING CENTRE

PARTICIPANT &SPONSOR

PENSION ACCOUNT

ADMINISTRATION*

ASSET MANAGEMENT **

FUND ADMINISTRATION

***

MONEY AND CAPITAL

MARKETS

CUSTODIAN BANK

CAPITAL MARKETS BOARD

Reporting of Reporting of Pension AccountPension Accountss

Reporting of Reporting of FundFundss

Reporting of Reporting of Pension AccountPension Accountss

Private Pension System in TurkeyPrivate Pension System in Turkey

* Anadolu Hayat Emeklilik * Anadolu Hayat Emeklilik

** İş Asset Management, HSBC Asset Management, TEB Asset ** İş Asset Management, HSBC Asset Management, TEB Asset ManagementManagement

*** Isbank*** Isbank

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KEY DRIVERS FOR GROWTH IN KEY DRIVERS FOR GROWTH IN PENSION BUSINESSPENSION BUSINESS

Economic Improvements in Turkey Structural reforms Extended maturities Purchasing power Lack of confidence in the social security

system

Advantages of Pension System Tax incentives Transparent system Participating to the investment process

New Regulations Vesting Right of transfers to the pension system

15

KEY DRIVERS FOR OUR MARKET KEY DRIVERS FOR OUR MARKET LEADERSHIPLEADERSHIP

Distribution network

Diversified products

Fund performance

Charging structure

Service quality

1616

NetworkNetwork

BancassuranceBancassurance

Direct SalesDirect Sales

Agents & BrokersAgents & Brokers

OtherOther

282 Licensed Salesperson

286 Exclusive Agencies50 Brokers

InternetCall Centre

1098 branches 336 branches 334 branches 86 branches

3 branches 3 branches

1717

PensionPension Production Production bby y ChannelChannel

20072007 20082008 20092009

Direct to Customer Direct to Customer + +

Direct SalesDirect Sales

2,1 %2,1 % 3,4 %3,4 % 5,0%5,0%

BrokerBroker 1,0 %1,0 % 1,0 %1,0 % 1,0%1,0%

AgencyAgency 4,4 %4,4 % 6,2 %6,2 % 7,0%7,0%

BANCASSURANCEBANCASSURANCE

Is BankIs Bank 5,5 %5,5 % 2,5 %2,5 % 5,0%5,0%

Is Bank + Direct Is Bank + Direct SalesSales

37,8 %37,8 % 43,9 %43,9 % 45,0%45,0%

Is Bank + AgencyIs Bank + Agency 18,3 %18,3 % 19,0 %19,0 % 16,0%16,0%

HSBCHSBC 23,4 %23,4 % 17,8 %17,8 % 17,0%17,0%

TEB + AgencyTEB + Agency 7,0 %7,0 % 4,9 %4,9 % 3,0%3,0%

AnadolubankAnadolubank 0,5%0,5% 1,3 %1,3 % 1,0%1,0%

TotalTotal 100 %100 % 100%100% 100%100%

66 %

181818

Life Life Production Production bby y ChannelChannel

20072007 2008 2008 2009 2009

Agency & BrokerAgency & Broker 40 %40 % 43 %43 % 34 %34 %

Direct to Customer & Direct Direct to Customer & Direct SalesSales

23 %23 % 30 %30 % 36 %36 %

IsbankIsbank 27 %27 % 16 %16 % 15 %15 %

IsbankIsbank & Direct Sales & & Direct Sales & AgencyAgency

9 %9 % 10 %10 % 14 %14 %

HSBCHSBC 1 %1 % 1 %1 % 1 %1 %

TotalTotal 100 %100 % 100%100% 100%100%

29%

19

Private Pension System in Turkey Private Pension System in Turkey OverviewOverview as of 18.03.2010 as of 18.03.2010

0

500.000

1.000.000

1.500.000

2.000.000

2.500.000

-

2.000

4.000

6.000

8.000

10.000

12.000

2003 2004 2005 2006 2007 2008 2009 2010/3

Nu

mb

er

of

Pa

rtic

ipa

nts

Fu

nd

Siz

e(T

L M

il)

Funds (TL Mil) Number Of Participants

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Private Pension System OutlookPrivate Pension System Outlook

AHE 47 272% 175 202% 529 72% 910 45% 1.323 48% 1.954 6% 2.065

Sum of Sector 258 313% 1.066 137% 2.527 81% 4.571 40% 6.384 43% 9.107 5% 9.582

Market Share 18,2% 16,4% 20,9% 19,9% 20,7% 21,5% 21,6%

AHE 33.798 190% 98.178 93% 189.567 57% 297.662 26% 376.455 16% 437.885 2% 448.382

Sum of Sector 314.257 114% 672.696 60% 1.073.650 36% 1.457.704 20% 1.745.354 14% 1.988.322 2% 2.028.431

Market Share 10,8% 14,6% 17,7% 20,4% 21,6% 22,0% 22,1%

2010 Change

As of 18.03.2010

Number of Participants

Net Asset Value (mio TL)

2007 Change

2006 Change

As of 31.12.2005

2009 Change

As of 31.12.2009

As of 31.12.2004

2005 % Change

As of 31.12.2006

2008 Change

As of 31.12.2008

As of 31.12.2007

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Private Pension SystemPrivate Pension SystemSectoral ExpectationsSectoral Expectations

Source: Pension Monitoring Center

Consolidated Expectations of Pension Companies

2015 2020

Number of Participants 4.000.000 5.500.000

Net Asset Value (Billion TL) 48,00 115,00

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Private Pension System in Turkey Private Pension System in Turkey OverviewOverview as of 18.03.2010 as of 18.03.2010

Number Of Number Of ParticipantParticipant

ss

Market Market

ShareShareFundsFunds

(mio TL)(mio TL)Market Market

ShareShare

AHEAHE 448,382448,382 22.1%22.1% 2,0652,065 21.6%21.6%

XXXXXX 406,968406,968 20.1%20.1% 1,3961,396 14.6%14.6%

XXXXXX 310,784310,784 15.3%15.3% 2,0872,087 21.8%21.8%

XXXXXX 268,563268,563 13.2%13.2% 1,4521,452 15.1%15.1%

XXXXXX 157,085157,085 7.7%7.7% 537537 5.6%5.6%

Other 8Other 8 436,649436,649 21.5%21.5% 2,0452,045 21.3%21.3%

TotalTotal 2,028,4312,028,431 100.0%100.0% 9,5829,582 100.0%100.0%

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Pension Pension Products Products Fund MenuFund Menu

ConservativeConservative BalancedBalanced AggressiveAggressive Cash Fund

Conservative Fund

Bond Fund

Intnl. Mixed Fund

Eurobond $ Fund

Eurobond € Fund

Balanced Fund

Equity Fund

Aggressive Fund

56%56% 30%30% 14%14%

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Private Pension Funds & Mutual Private Pension Funds & Mutual FundsFunds

Fund Type

Average Maturit

y

Net Asset Value

(mio TL)Equity

(%)

Turkish Treasury

Bonds(%)

Reverse Repo (%)

Money Market Inst.

(%)

Foreign Currency Sec.(%)

Other (%)

PRIVATE PENSION FUNDS

31.12.2009 340 9,049 9.55 69.76 14.74 0.21 0.37 5.36

18.03.2010 307 9,578 10.29 64.16 18.00 0.23 0.11 7.21

MUTUAL FUNDS

31.12.2009 57 29,584 2.72 32.11 58.59 5.08 0.12 1.38

18.03.2010 69 29,925 2.96 26.95 62.58 6.00 0.21 1.30

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31.12.2008-31.12.2009 31.12.2008-31.12.2009 Weighted Average ReturnWeighted Average Return

Private Pension Firm* Net Asset Value

(mio TL)Weighted Average

Return (%)

XXXXXX 510510 27.9327.93

XXXXXX 8787 27.8527.85

Anadolu Hayat Emeklilik Anadolu Hayat Emeklilik 1,9541,954 25.4825.48

XXXXXX 1,9931,993 22.6522.65

XXXXXX 1616 21.6121.61

XXXXXX 433433 20.4820.48

XXXXXX 1,3701,370 19.9519.95

XXXXXX 1717 19.6419.64

XXXXXX 1,3271,327 18.5118.51

XXXXXX 536536 17.2517.25

XXXXXX 528528 17.2317.23

XXXXXX 324324 16.2316.23TOTAL 9,095 21.24

•As of 31.12.2009.

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Pension Pension Products Products Charging Structure & Minimum Charging Structure & Minimum ContributionContribution

ENTRANCE FEEENTRANCE FEE

MANAGEMENT MANAGEMENT FEEFEE

FUND FUND MANAGEMENTMANAGEMENT

FEEFEE

MIN. MIN. CONTRIBUTIONCONTRIBUTION

ExplanationExplanation Charging MethodCharging Method LimitLimit Individual Pension Individual Pension PlansPlans (#3) (#3)

Group Pension Group Pension PlansPlans

(#117)(#117)

At the phase At the phase of entrance to of entrance to the System for the System for each pension each pension

accountaccount

Can be deferred Can be deferred till the leaving till the leaving date or can be date or can be collected by collected by installmentsinstallments

½½ of of Minimum Minimum

WageWage

½ of m½ of minimum inimum wagewage

Deferred till Deferred till leaving within 5 leaving within 5

yrs. yrs. After 5 yrs After 5 yrs

completion 0completion 0

0 to 0 to ½ of ½ of mminimum wage inimum wage

Deferred till Deferred till leaving within 5 leaving within 5

yrs. for some yrs. for some plansplans

After 5 yrs After 5 yrs completion 0 for completion 0 for

all plansall plans

To cover To cover administrative administrative

expensesexpensesOn contributionsOn contributions 8%8%

00%% to to 88% % ((depending on the depending on the

contribution contribution amount & amount &

payment methodpayment method))

%0 to %5%0 to %5

To cover fund To cover fund management management

expensesexpenses

On NAV of each On NAV of each fundfund

1/10,000 1/10,000 (daily)(daily)

3,72% 3,72% (annual)(annual)

2.2.55% (annual % (annual average)average) %1 to %2,%1 to %2,66

(annual)(annual)

Min.Min. monthly monthly amount to be amount to be paid regularly paid regularly for at least 10 for at least 10

yrs.yrs.

-- -- 6666 TLTL 4242 TL TL

27272727

Life Insurance in Turkey Life Insurance in Turkey Market SMarket Shares (Premium Production)hares (Premium Production)

PENSION COMPANYPENSION COMPANY 20072007 20082008 20092009

AHEAHE 24 %24 % 22%22% 27%27%

XXXXXX 15 %15 % 19%19% 19%19%

XXXXXX 11 %11 % 9%9% 7%7%

XXXXXX 8 %8 % 8%8% 10%10%

XXXXXX 7 %7 % 7%7% 5%5%

XXXXXX 6 %6 % 5%5% 4%4%

OthersOthers 29%29% 30%30% 28%28%

TOTALTOTAL 100%100% 100%100% 100%100%

2828

Life Insurance in Turkey Life Insurance in Turkey Market SMarket Shares (Mathematical Reserves)hares (Mathematical Reserves)

PENSION PENSION COMPANY COMPANY 20082008 20092009

%% ( Mio TL)( Mio TL) ( Mio TL)( Mio TL)

AHE AHE 35%35% 1.6181.618 1.8841.884

XXXXXX 12%12% 550550 N/AN/A

XXX XXX 11%11% 497497 N/AN/A

XXXXXX 10%10% 444444 N/AN/A

XXXXXX 6%6% 269269 N/AN/A

XXXXXX 6%6% 270270 N/AN/A

OthersOthers 21%21% 972972 N/AN/A

TOTAL TOTAL 100%100% 4.6204.620 N/AN/A

Source: Treasury

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Life ProductsLife Products / / Profit Sharing RatesProfit Sharing Rates

YEARYEARPROFIT PROFIT

SHARE(%)SHARE(%) USD(%)USD(%) CPI(%)CPI(%)

20002000 43 43 24 24 39 39

20012001 76 76 111144 69 69

20022002 62 62 14 14 30 30

20032003 47 47 -15-15 18 18

20020044 2929 --44 99

20020055 2323 00 88

20020066 1616 55 1010

20072007 2020 -17-17 88

20082008 1717 3030 1010

20092009 1515 -0,4-0,4 77

AVERAGEAVERAGE 3535 1515 2121

303030

Life PortfolioLife PortfolioTotal Number of PoliciesTotal Number of Policies

20072007 20082008 2009 2009

EndowmentEndowment 125.697125.697 103.724103.724 88.42688.426

AnnuityAnnuity 39.39439.394 39.22339.223 40.70640.706

Term LifeTerm Life 711.556711.556 667.734667.734 890.788890.788

TotalTotal 876.647876.647 810.681810.681 1.019.9201.019.920

313131

Life Portfolio Life Portfolio Total Premium Production(TL)Total Premium Production(TL)

20072007 20082008 20092009

EndowmentEndowment 177.682.069177.682.069 176176..014014.1.17474 177177..088088..512512

AnnuityAnnuity 111.279.994111.279.994 134134..910910..683683 289289..244244..293293

Term LifeTerm Life 49.930.40449.930.404 3333..989989..420420 3333..402402..991991

TotalTotal 338.892.467338.892.467 344.914.277344.914.277 499.735.795499.735.795

323232

Life Portfolio Life Portfolio Premium Production - New Business (Premium Production - New Business (TL)TL)

2008 2008 20092009

EndowmentEndowment 6.980.1406.980.140 11.387.98211.387.982

AnnuityAnnuity 134.910.683134.910.683 289.244.293289.244.293

Term LifeTerm Life 33.491.01233.491.012 32.794.59332.794.593

TotalTotal 175.381.835175.381.835 333.426.868333.426.868

33

LLife Products ife Products Charging StructureCharging Structure

AGENCY AGENCY COMMISSIONCOMMISSION

MANAGEMENMANAGEMENT FEET FEE

FUND FUND CHARGECHARGE

RISK RISK PREMIUMPREMIUM

ExplanatioExplanationn

CharginCharging g

MethodMethodLimitLimit Individual Life Individual Life

ProductsProductsGroup Life Group Life ProductsProducts

--On On

premiupremiumsms

For term life products For term life products total of commission total of commission rates cannot exceed rates cannot exceed

25%.25%.For other products total For other products total

of commission rates of commission rates cannot exceed cannot exceed 550%.0%.

Annual max.limit is 10% Annual max.limit is 10%

TRL - $/€TRL - $/€

1.Year 1.Year 3030%%--2200%%

2. Year 5%2. Year 5%-2-2%%

3. 3. YYearear+ 3+ 3%%--2%2%

Varies Varies according to according to

the groupthe group

To cover To cover administraadministra

tive tive expensesexpenses

On On premiupremiu

msms NoneNone

TRL - $/€TRL - $/€

1.Year 1.Year 55%%-3-3%%

2. Year 2. Year 44%%-3-3%%

3. 3. YYearear+ 3+ 3%%--33%%

Varies Varies according to according to

the groupthe group

To cover To cover fund fund

manmanaagemegement nt

expensesexpenses

On On current current year’s year’s

revenuerevenuess

Max. 1Max. 155% of the % of the revenuesrevenues

5%5%10% for early 10% for early

surrenderssurrenders

5%5%10% for 10% for

early early surrenderssurrenders

Depends Depends on the age on the age and sex of and sex of

the the insuredinsured

On On premiupremiu

msms

No minimum or No minimum or maximum limitsmaximum limits -- --

34





353535

( Mio TL)( Mio TL) 20082008 20092009

Written Premium Written Premium 345345 500 500

General General Technical Profit Technical Profit 1818 1919

Total Assets Total Assets 3.4003.400 4.4384.438

Paid-In Capital Paid-In Capital 250250 250250

Shareholders’ Equity Shareholders’ Equity 350350 430430

MathMath.&.& Profit Sharing Profit Sharing ProvisionsProvisions 1.6081.608 1.9341.934

Net Net ProfitProfit 5353 7979

Financial HighlightsFinancial Highlights

3636

Allocation of Period ProfitAllocation of Period Profit

2009 2008 2007

Net Profit (TL) 79.284.428 52.905.238 45.481.212

Net Distributable Profit (TL) 75.661.865 50.211.779 43.472.277

Dividend to Shareholders (TL) 55.000.000 42.000.000 35.000.000

- Cash 55.000.000 42.000.000 15.000.000

- Bonus Share - - 20.000.000

Cash / Net Profit (%) 69,37 79,39 32,98

Cash / Net Distributable Profit (%) 72,69 83,65 34,50

Bonus Share / Net Profit (%) - - 43,97

Bonus Share / Net Distributable Profit (%) - - 46,00

Dividend to Shareholders / Net Profit (%) 69,37 79,39 76,95

Dividend to Shareholders / Net Distributable Profit (%) 72,69 83,65 80,51

3737

Capital AdequacyCapital Adequacy

31.12.2009

(TL)31.12.2008

(TL)31.12.2007

(TL)

Capital required for Non-Life Branch 28.753

37.191

41.903

Capital required for Life Branch 96.160.222 78.870.306 71.856.085

Capital Required for Pension Branch 6.757.190 5.181.501 4.150.396

TOTAL CAPITAL REQUIRED 102.946.165 84.088.998 76.048.384

TOTAL CAPITAL 429.892.005 349.939.874 344.311.639

EXCESS CAPITAL 326.945.840 265.850.876 268.263.255

383838

FinancialsFinancials Income StatementIncome Statement

2008 2009

A- 0,5 0,3

B- -0,4 -0,2

I - 0,1 0,1

C- 629,5 724,7

D- -618,2 -717,4

II- 11,3 7,3

E- 58,5 79,4

F- -51,6 -67,9

III- 6,9 11,5

IV- 18,3 18,9

G- 58,9 87,8

H- -8,9 -8,0I- -0,9 -0,7

V- 49,1 79,1

VI- 67,4 98,0

VII- -14,4 -18,7

IX- 53,0 79,3PERIOD NET PROFIT / LOSS (VII - VIII)

INVESTMENT INCOME

INVESTMENT EXPENSESPROFIT FROM OTHER & EXTRAORDINARY

PERIOD PROFIT / LOSS (IV+V)

PROVISION FOR TAX & OTHER LEGAL LIABILITIES

COMPANY ASSETS PROFIT / LOSS

NON-LIFE TECHNICAL INCOME

LIFE TECHNICAL INCOME

(Mio TL)

TECHNICAL PART

PENSION FUND TECHNICAL INCOME

PENSION FUND TECHNICAL EXPENSES

GENERAL TECHNICAL PROFIT / LOSS

NON-LIFE TECHNICAL PROFIT / LOSS

NON-LIFE TECHNICAL EXPENSES

LIFE TECHNICAL EXPENSES

LIFE TECHNICAL PROFIT / LOSS

PENSION FUND TECHNICAL PROFIT / LOSS

393939

FinancialsFinancials Balance SheetBalance Sheet

2008 2009

I. 75,3 121,5

II. 1.948,9 2.316,4

III. 1.334,7 1.965,8

IV. 4 5,8

V. 24,4 24

VI. 12,7 4,5

3.400 4.438

I. 1.360,2 2.003,8

II. 1.669,8 1.994,5

III. 4,7 5,1

IV. 15,3 4,6

V. 350 430

3.400 4.438

(Mio TL)

ASSETS

TAX PROVISIONS

RECEIVABLES

INVESTMENTS

LIQUID ASSETS

LIABILITIES AND SHAREHOLDERS' EQUITY

PAYABLES

TECHNICAL PROVISIONS

OTHER PROVISIONS

SHAREHOLDERS' EQUITY

TOTAL LIAB.& SH.EQUITY

MARKETABLE SECURITIES

FIXED ASSETS

OTHER ASSETS (NET)

TOTAL ASSETS

40





41

ANADOLU HAYAT EMEKLİLİKANADOLU HAYAT EMEKLİLİK Stock DataStock Data

YearYearYear-endYear-end

PricePrice ($) ($)MCAPMCAP($)($)

20032003 0,560,56 140.000.140.000.000000

20042004 0,980,98 245.000.000245.000.000

20020055 1,801,80 450.000.00450.000.0000

20062006 2,052,05 512.500.000512.500.000

20072007 2,552,55 637.500.000637.500.000

20082008 0,830,83 207.500.000207.500.000

20092009 3,323,32 830.000.000830.000.000

2010/022010/02 3,023,02 755.000.000755.000.000

42

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ANADOLU HAYAT EMEKLİLİK A.Ş. COMPANY PRESENTATION Decem ber 2009