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SABIHA GÖKÇEN INTERNATIONAL AIRPORT 2001 / JULY The idea of building a second airport to serve Istanbul, a city with a population of over 10 million located at a strategic point linking the continents of Europe and Asia was first proposed by Adnan Kahveci in 1983, when Turgut Özal was prime minister. Sabiha Gökçen Airport is part of the High Technology Industrial Park scheme, an ambitious investment project second only in scale of investment to Turkey's South- east Anatolia Project. It was decided to begin by building the airport, so that it could provide logistic support for the next phases of the project. Construction commenced in February 1998 and was completed in January 2001. The airport, which is open to international traffic, has an initial capacity of three million international and 500,000 domestic passengers. Unlike Turkey's other airports, the Sabiha Gökçen Airport is not operated by the State Airport Management Directorate of the Ministry of Transport, but by the Airport Operation and Aviation Industries Company (HEAS), PAGE 1/3

SABIHA GÖKÇEN INTERNATIONAL AIRPORT 2001 / JULY which is responsible for ground services, cargo, parking, fire service, air traffic control and all the other essential airport services. The compny'ss main shareholder is the Defence Industry Office, and its top priorities are flight and ground safety, and high service quality. As one of the foremost high-technology airports, not only in Turkey but in Europe, the air traffic volume through Sabiha Gökçen Airport is expected to rise rapidly over the next few years. HEAS Media and Public Relations Adviser Rauf Gerz explains, 'Atatürk Airport will begin to reach saturation point this summer. Every year the number of air passengers and tourists rises by 5-7%. At present around 15 million international air passengers arrive and depart from Istanbul, and by the year 2005 is expected to reach the 20 million mark. Sabiha Gökçen Airport's superior services and technology, combined with the advantage of its position, will enable Turkey to attract air traffic which has shifted to neighbouring countries.' PAGE 2/3

SABIHA GÖKÇEN INTERNATIONAL AIRPORT 2001 / JULY Established on a site of 655 hectares, Sabiha Gökçen Airport faces no limitations where future expansion is concerned. As soon as annual passenger traffic through the airport reaches the two or two and a half million level, construction of a new international terminal with a capacity of seven million will begin. When the project is completed the airpt'sed capacity will be three million domestic and seven million international passengers, making a total of 10 million. The convenient location of the airport on the east side of Istanbul at Pendik, and its cargo terminal with refrigerated warehouses will also significantly enlarge Turkey's cargo capacity. Within three or four years Sabiha Gökçen Airport will be handling high levels of air passenger traffic, and relieving the pressures which currently affect Istanbul's air services. PAGE 3/3