TF VARLIK KİRALAMA A.Ş.

TF Varlık Kiralama A.Ş. was established as a Türkiye Finans’ 100% affiliation in February 2013 to intermediate the Bank in finding funds by issuing domestic and international lease certificates. The Company aims to carry out the Bank’s domestic and international capital market issuances.

Attention to asset leasing companies established to carry out lease certificate issuance and transactions related to this issuance are increasing every year. The rate of domestically issued lease certificates to private sector debt instruments was at 1.6% in 2014; this rate amounted to 3.5% in 2015.

In 2015, 4 different asset leasing companies issued in total 35 lease certificates in Turkey. The volume of issuance stood at TL 2.9 billion in 2015 increasing by 148% compared to 2014.

Our company is an asset leasing company that has the largest size of assets in Turkey. In 2015, the company has been the asset leasing company that issued the largest amount of certificates domestically in Turkey. TF Varlık Kiralama A.Ş. issued 10 lease certificates domestically, 2 lease certificates abroad in 2015. The company that realized 28.6% of domestic lease certificates in 2014 increased its share in domestic lease certificate market in 2015, which stood at 36.6%.

In 2015, total amount of certificates issued domestically increased by 217% compared to 2014 and amounted to around TL 1.1 billion. Overseas certificate issuances were realized in Malaysia which amounted to MYR 360 million in total.

As a result of strong demand towards lease certificates and our issuance of such certificates in 2015, the company realized a successful year in 2015.

Our company with its strong investor structure continues to strengthen its position in the sector. Our company carries out Türkiye Finans Katılım Bank’s (Turkey Finance Participation Bank), which is the controlling shareholder, certificate issuance. In November 2015, our company’s priority unsecured debt instrument (Sukuk) issuance note was confirmed as BBB by Fitch the rating agency.

In parallel to the growth in the sector, we expect our company to achieve a strong growth performance in 2016.

TFKB VARLIK KİRALAMA A.Ş.

TFKB Varlık Kiralama A.Ş was founded on 8 July 2014 as an affiliation with Türkiye Finans following the approval of the Banking Regulation and Supervision Authority and the Capital Market Board, and the company was registered to the trade registry. TFKB Varlık Kiralama A.Ş. was established in order to issue lease certificates of non-bank resource institutions in the private sector.

TFKB Varlık Kiralama A.Ş. performed 6.1% of domestic lease certificate issuance realized in Turkey in 2014. In 2015, our company increased its share in domestic lease certificate market in 2015, which stood at 8.5%.

In 2015, our company issued 2 lease certificates that were issued by real sector and whose sales were dedicated to Türkiye Finans Katılım Bankası A.Ş. In 2015, the total amount of issuance increased by 242% compared to 2014, which amounted to TL 243 million.

Our company carries out the issuances with a reference from Türkiye Finans Katılım Bankası that is the controlling shareholder of our company. Our company with its strong investor structure plans to continue increasing successful issuances also in 2016.