Turkish Market Growth (mn pax) Domestic (*)

Asia Pacific

CAGR 11%

CAGR 15%

77

38

33

16

14

52

44

44

25

21

18

Annual GDP Growth Forecast (2012-2032)

International

85

Africa

99

91

32

29

37

43

4.4%

Latin America

66

59

4.5%

M.East

54

49

4.0% 3.8%

CIS

3.4%

World

3.2%

North America 2006

2007

2008

2009

2010

2011

Europe

2012 2013E 2014E 2015E 2016E

2.5% 1.8%

Source: General Directorate of State Airports Authority (DHMI). (*):Adjusted for double count on Domestic Pax

RPK Growth %

Annual RPK Growth Forecast (2012-2032)

30%

26.6%

Latin America

22.9% 20%

19.1%

19.5%

19.2%

17.1%

6.9%

M.East

6.3%

Asia Pacific

6.3%

13.3% Africa

10%

5.7%

8.5% 5.9%

6.0% 4.3%

World

5.3%

CIS

2.4% -1.1%

0% 2006

2007

2008

5.0%

2009

World RPK Growth

2010

2011

4.5%

Europe

2012

North America

THY RPK Growth

-10%

4.2%

2.7% Source: Boeing Current Market Outlook (2013-2032)

2

46,0 mn pax Weekly Flights

8,000

7,000

2013 - 214 2013232 Aircraft Aircraft

39 mn pax

32,6 mn pax

6,000

2012 - 202

2010 - 153 29,1 mn pax 2011 - 180

2009 - 132 25,1 mn pax

5,000

2010 - 158

22,6 mn pax 2009 - 132

4,000

19,7 mn pax 2008 - 127 16,9 mn pax 14,1 mn pax

3,000

2006- 103

11,9 mn pax 2005- 83 2,000

2007 - 101

2004-73 2003- 65 Destinations

10,4 mn pax 1,000 90

100

110

120

130

140

150

160

170

180

3

190

200

210

220

230

240

250

AMERICAS (8) BUENOS AIRES (4) CHICAGO (7) HOUSTON (4) LOS ANGELES (7) NEW YORK (21) SAO PAULO (7) TORONTO (5) WASHINGTON D.C. (7)

AFRICA (34) ABIDJAN (4) ACCRA (7) ADDIS ABABA (7) ALEXANDRIA (7) ALGIERS (7) BENGHAZI (10)

ATLANTA BOGOTA BOSTON CARACAS HAVANA MEXICO CITY MONTREAL SAN FRANCISCO

FAR EAST (29)

EUROPE (93) AALBORG (3) AMSTERDAM (28) ATHENS (25) BAKU (28) BARCELONA (21) BASEL (7) BATUMI (7) BELGRADE (14) BERLIN (28) BILBAO (4) BILLUND (3) BIRMINGHAM (10) BOLOGNA (14)

MOMBASA (5) NAIROBI (7) NIAMEY (3) BREMEN (7) NOUAKCHOTT (4) BRUSSELS (30) OUAGADOUGOU (3)BUCHAREST (21) SEBHA BUDAPEST (14) SHARM EL CHISINAU (7) CAIRO (17) SHEIHK (4) COLOGNE (21) CAPETOWN 7) TRIPOLI (14) CONSTANTA (3) CASABLANCA (7) TUNIS (14) COPENHAGEN (21) DAKAR (4) YAOUNDE (4) DAR ES SALAAM (7) ABUJA DONETSK (7) DJIBOUTI (4) ASMARA DNEPROPETROVSK (7) DOUALA (4) ASWAN DUBLIN (10) ENTEBBE(5) BAMAKO HURGADA (3) JUBA JOHANNESBURG(7) KANO KIGALI (5) LUXOR KINSHASA (5) NDJAMENA KHARTOUM (7) LUANDA KILIMANJARO (5) ORAN LAGOS (7) CONSTANTINE LIBREVILLE (3) TLEMCEN MISRATA (7) BATNA *As of today MOGADISHU (4) Planned

(Weekly Frequency)

DUSSELDORF (28) EDINBURGH (7) EKATERINBURG (4) FRIEDRICHSHAFEN (4) FRANKFURT (30) GANJA (4) GENEVA (21) GENOA (5) GOTHENBURG (12) HAMBURG (28) HANNOVER (17) HELSINKI (14) KAZAN (4)

MALTA (3) MANCHESTER (14) MARSEILLE (4) MILAN (28) MINSK (4) MOSCOW (28) MUNICH (28) NAKHICHEVAN (4) NAPOLI (7) NICE (10) NOVOSIBIRSK (3) NURNBERG (18) ODESSA (11)

SIMFEROPOL (7) SKOPJE (14) SOCHI (3) SOFIA (14) STOCKHOLM (21) ST.PETERSBURG (4) STUTTGART (24) TALLINN (3) TBILISI (21) THESALONIKI (7) TIRANA (14) TORINO (7) TOULOUSE (7)

KIEV (13) LEFKOSA (35) LEIPZIG (7) LISBON (7) LJUBLJANA (7) LONDON (45) LUXEMBOURG (4) LVIV (3)

OSLO (14) PARIS (28) PODGORICA (7) PRAG (14) PRISTINA (14) RIGA (6) ROME (25) ROSTOV (3) SANTIAGO DE COMPOSTELA(3) SALZBURG (4) SARAJEVO (18)

UFA (5) WARSAW (4) VALENCIA (5) VENICE (21) VIENNA (28) VILNIUS (3) ZAGREB (10) ZURICH (28)

LYON (14) MADRID (20) MALAGA (7)

42 DOMESTIC LINES

4

KHARKIV KRAKOV LA CORUNA NANTES ROTTERDAM ASTRAKHAN STAVROPOL CATANIA

ALMATY (9) ASHKHABAD (14) ASTANA (3) BANGKOK (11) BEIJING (7) BISHKEK (11) COLOMBO (5) DHAKA (7) DUSHANBE (2)

JAKARTA (7) KABUL (7) KARACHI (4) KATHMANDU (4) KUALA LUMPUR (4) MALE (4) MUMBAI (7) NEW DELHI (7) OSAKA (7)

GUANGZHOU (7) HO-CHI-MINH (7) HONG KONG (6) ISLAMABAD (3)

OSH (3) SHANGHAI (7) SEOUL (7) SINGAPORE (7)

TASHKENT (7) TOKYO (7) ULANBATOR (3) LENKERAN MANILA MEZAR-I SHERIF LAHORE

MIDDLE EAST (33) ABU DHABI (6) ADEN (4) ALEPPO AMMAN (14) AQABA (3) BAGHDAD (7) BAHRAIN (7) BASRA (7) BEIRUT (21) DAMASCUS DAMMAM (7) DOHA (10) DUBAI (14) ERBIL(7)

ESFEHAN (2) JEDDAH (21) KERMANSHAH (2) KUWAIT (28) MADINAH (14) MASHAD (5) MOSUL (4) MUSCAT (7) NAJAF (5) RIYADH (14) SANAA (6) SHIRAZ (5) SULAYMANIYAH (5) TABRIZ (7)

TAIF (3) TEHRAN (21) TEL AVIV (39) YANBU (3) EL-KASIM (4) AHVAZ ABHA

Narrow Body Range 168 out of 197 international destinations More than 40% of world-wide international traffic Over 55 national capitals

5

ASK %

RPK %

PAX %

14% 12.6%

THY Ranking

12% 10% 8.2% 7.5%

8% 6.1% 6% 4% 2%

4.8% 3.7%

3.3%

5.2% 3.9%

3.7%

8.7%

7.2%

4.2%

10.1%

8.5%

10.0%

8.4%

6.3% 5.6%

10.3%

6.8% 6.0%

5.2% 4.1%

0% 2006

2007

2008

2009

2010

2011

2012

Source: AEA= Association of European Airlines (Scheduled Traffic)

6

9M'13

PAX:

3

ASK:

4

RPK:

5

Total Passengers (Mn) Domestic

International

39.0 32.6

29.1 19.6

13.4

11.5

9.7 10.0

11.1

2007

2008

11.7 2009

15.5

13.6 2010

18.2

14.5

2011

THY Passenger Traffic

29.2 23.1

25.1

22.6

36.2

9M 2012 vs 9M 2013

21.3 17.2

15.9

2012

14.9

12.0 9M'12

9M'13

Landing

up by

22.4%

ASK

up by

21.1%

RPK

up by

24.0%

Passenger #

up by

24.1%

L/F

up by

1.8 pt

L/F % Total L/F

82

Domestic L/F

International L/F

80

78.8

78

76.7 75.6

76 74 72

73.0 72.7 72.6

75.4

70

77.4 77.2

78.0

80.3 79.8 79.7

77.8

ASK (%) RPK (%) PAX (%) L/F (Pt)

73.7

73.9 73.6

76.9

79.4

72.6 70.9

73.1

71.9

70.1

68 2007

2008

2009

2010

2011

2012

9M'12

9M'13

7

ANNUAL CHANGES 2007 2008 2009 2010 13 11 22 15 19 13 17 19 16 15 11 16 4.0 1.2 -3.0 2.8

2011 25 23 12 -1.0

2012 18 26 20 4.8

Passenger Breakdown 9M'13 8,976

29%

9,000

8,457

8,000

Int'l Direct 20% Int'l-Dom Transfer 16%

7,000

('000)

6,000

6,550

6,249

5,000

Domestic 41% Int'l-Int'l Transfer 23%

5,147

4,000

4,445

3,000 3,129

2,000 1,000

Int’l to int’l transfer passengers’ share in total international passengers was 40% in 9M’2013.

2,229 1,563

0 2006

2007

2008

2009

2010

2011

2012

9M'12

8

9M'13

Expenses (Mn$)

Revenue (Mn$)

Fuel Other*

Domestic

International

10,000

21%

8,000

4,719 3,737

4,000 2,480 818 439 2007

3,182 992 545 2008

6,171 3,793

5,149 4,148

4,552

5,578

5,078

4,000 2,000

1117

885 513

985 670

1061 931

1031

2009

2010

2011

2012

861 667 9M'12

1031 846

0

909 782 904

* Cargo, charter and other revenue

9

3,475

1,427 2008

3,100

3,136 2,602

1,662

2007

9M'13

4,058

3,348 1,812

4,613

3,154

6,789 5,528

6,000

5,448

23%

6,855

7,455

7,070

6,000

7,734

8,000 6,142

0

Other

10,000

8,319

2,000

Personnel

1,339

2,286

1,378

2,373 1,035

1,154

1,141 782 990 2009

1,406 2010

2,395

2,881

2011

2012

2,120 9M'12

2,536 9M'13

Revenue* Breakdown by Geography

Revenue Breakdown Cargo 8% PAX 89%

Domestic 14%

Other 2% Charter 1%

Middle East 13%

Far East 21% Europe 33%

* Scheduled pax and cargo revenue

Int’l. Passenger Breakdown by Geography (9M’13) Middle East 14%

Far East 12% Africa 8% America 6%

Europe 60%

10

America 10%

Africa 8%

Cost Per ASK ($ cent) CASK

10.0

Personel/ASK

Fuel/ASK

Others/ASK

8.95 8.44

8.04

7.91

8.0

8.03

7.78

7.89

7.17

6.0 3.99

4.0

3.91

3.81

4.00

3.08 2.17 1.88

2.95 1.75

2.0 1.96

3.84

3.62

1.75

2009

2010

2.98

1.65

3.60

3.00

2.16

1.61

3.34

1.42

1.46

2012

9M'12

2.95

1.34

0.0 2007

2008

11

2011

9M'13

17,119

17,876

17,879

17,507

2008

2009

2010

2011

2012

9M'12

20,670

15,269

2007

18%

14,072

12,951

Number of Personnel*

9M'13

* THY Technic Personnel is included.

Passenger per Employee

1,701

1,826

2009

2010

2011

2012

1,751

1,644

2008

1,666

1,606

2007

2,184

1,516

5%

9M'12

9M'13

Average Daily Flight Utilization (hrs) 13:26 12:31 11:13

13:20 12:49 12:02

11:40

11:39

11:32

11:40

11:55

2007

2008

2009

2010 WB Long-Haul

14:21

12:14

12:18

11:48

11:55

2012

9M'12

14:59

13:18 12:43

11:40 11:20

11:00

14:21

2011

12 NB Medium Haul

Total

12:19

9M'13

($ Mn) Fuel Personnel Landing Depreciation Sales and Marketing Ground Handling Passenger Catering Rents Maintenance Others Advertising General Administration Insurance

TOTAL Op.Cost per ASK ($) Op.Cost per ASK ($) except fuel

9M'12 2,120 1,035 455 368 384 338 255 212 158 72 56 37 37 5,528 7.78 4.80

% in Total 38% 19% 8% 7% 7% 6% 5% 4% 3% 1% 1% 1% 1% 100%

13

9M'13 2,536 1,154 592 485 455 411 329 366 226 87 72 50 27 6,789 7.89 4.94

% in Total 37% 17% 9% 7% 7% 6% 5% 5% 3% 1% 1% 1% 0% 100%

13/'12 % 20% 11% 30% 32% 19% 22% 29% 72% 43% 21% 28% 35% -28% 23% 1% 3%

AVG (2006-2012):18,8%

30

23.1

22.6 19.9

20

18.3 14.8

14.3

2010

2011

20.9

19.5

10

0 2007

(Mn$) Revenue

2007

2008

2008

2009

2009

2010

2012

2011

9M'12

2012

9M'13

9M'12

9M'13

3,737

4,719

4,552

5,448

7,070

8,319

6,142

7,455

Net Income

204

874

362

185

11

644

488

444

Net Income Margin (%)

5.5

18.5

7.9

3.4

0.2

7.7

8.0

6.0

EBIT

429

592

530

262

277

709

658

748

EBIT Margin (%)

11.5

12.5

11.6

4.8

3.9

8.5

10.7

10.0

EBITDAR

844

937

1,050

805

1,010

1,520

1,199

1,561

EBITDAR Margin (%)

22.6

19.9

23.1

14.8

14.3

18.3

19.5

20.9

14

EBITDAR Margin % Comparison 2012 Annual

19.0

2013 9M

18.3

20.9

15.7

16.5 9.4

EK*

TK

SQ

AF-KL

8.3

8.2

LH*

IAG

*Lufthansa Passenger Airlines. Others based on Group Financials. Source: Calculated based on web site & annual reports.

14.3

12.7

6.9

TK

UA

SQ**

DL

AA

11.1

10.4

10.3

AF-KL

IAG

UA

* LH is based on airlines business only. Others based on Group Financials. ** April-June 13, 1st quarter results

15

9.1

LH*

PAX Per Personnel

Cost Per ASK ($ Cent) 2013 9M

2012 Annual

Others/ASK

12.4

10.5 6.6

1,866

LH*

UA

9.4

9.4

9.1 7.9

4.6 4.8

3.9

4.6

3.4

927

TK

9.7

4.1

1,660

Personnel/ASK

12.0

5.3

2,184

Fuel/ASK

SQ

917

IAG

826

EK

**LH is based on airlines business only. Others based on Group Financials.

769

AF-KL

3.7 AF-KL

3.3

3.4

2.1

2.6

2.1

LH*

IAG

AA

3.5

3.6 1.0 SQ**

* LH is based on airlines business only. Others based on Group Financials. ** April-June 13, 1st quarter results

16

3.6

3.3

2.5

2.2

2.0

1.3

UA

DL

TK

3.0

Wide Body

Narrow Body

Cargo TOTAL

Type A330-200 A330-300 A340-300 B777-3ER Wet Lease Total B737-900ER B737-9 MAX B737-800 B737-8 MAX B737-700 A320-200 A321-200 A320 NEO A321 NEO A319-100 Total A310-300 A330-200 Wet Lease Total

Financial Opr. Lease Lease 5 2 10

Seat Avg.Fleet Capacity Age 2013 1,812 8.5 8 2,890 2.4 12 1,890 17.4 7 4,044 2.6 12 1,222 6.4 3 11,858 6.6 42 1,510 1.3 10

Total 7 10 7 12 4 40 10

Owned

7

25 10

70

11

36

23

11,642

8.9

13 38

14 20 3

1,986 5,402 7,570

8 68 1

1,854 29,964 41,822

7 10

14 33 41

14 182 2 5 2 9 231

11 1

6 103

2 4 8

5 1 19

5 133

2 3 79

YEAR END FLEET* 2016 2017 2018 14 12 12 30 30 30 7 7 7 29 32 32

2014 14 17 7 16

2015 14 25 7 23

2019 11 30 7 32

2020 11 30 7 32

2021 11 30 7 32

54 10

69 15

80 15

81 15

81 15 95 20

80 15 5 93 30

80 15 10 85 55

80 15 10 85 65

70

90

89

107

106

7.6 6.8 3.2

13 33 41

11 36 43

5 33 56

3 33 66 4 14 242 2 5

3 26 68 4 4 11 237 2 5

22 68 4 31 9 264 2 5

15 68 4 56 8 294 2 5

12 66 4 88 6 341 2 5

12 64 4 88 6 349 2 5

5.5 6.4 25.1 1.6 11.6 9.9 6.6

14 181 2 5 2 9 232

14 204 2 5 2 9 267

14 212 2 5 7 288

7 329

7 325

7 352

7 381

7 428

7 436

Year end Seat Capacity: 42,095 49,457 55,823 64,124 64,102 69,033 74,406 82,370 83,524 Seat Capacity Change: * After exit/delivery

17

15%

17%

13%

15%

0%

8%

8%

11%

1%

2013-2021 Aircraft Purchases Fleet Group

Fleet Type

A330-300 B777-3ER Total B737-900 B737-9 MAX B737-800 Narrow Body B737-8 MAX** A321 A320 NEO A321 NEO*** Total TOTAL

2013*

2014

2015

2016

2

5 3 8

8 7 15 5

5 6 11

Wide Body

2

10

2

2018

2019

2020

2021

4 4 5

5

20

10

25

10

27 47 47

25 40 40

32 62 62

10 10

20 13

10 18

2017

18 33

10 4 34 45

* Remaining ** Including 15 optional aircraft in 2020 and 10 in 2021 *** Including 7 optional aircraft in 2018, 8 in 2019 and 20 in 2020

18

2 4 6 10

TOTAL 20 20 40 5 10 30 65 25 4 88 227 267

Turkish Airlines Fuel Hedging Rate 50% 48% 46% 44% 42% 40% 38% 35% 33% 31% 29% 27% 25% 23% 21% 19% 17% 15% 13% 10%

• •

Around 12 mio barrels of hedged position on ICE BRENT as of September 30th, 2013 The break-even price of the hedged position is $102/bbl

• • • •

19

8%

6%

Active Surcharge Policy : 50% of fuel cost is reflected to ticket prices Decreasing layered hedging strategy (24 months) Crude oil based swaps and options Aim to reach 50% of budgeted consumption

4%

2%

Hedging Policy – THY Currency Hedging Rate

Revenue by Currency (2013 9M) EUR 41.1%

30%

29%

28%

USD 16.3% Other 17.4%

SEK 1.5% CNY 2.4%

TL 14.3%

SAR; 2.1% JPY 2.3%

GBP 2.5%

26%

25%

24%

23%

21%

20%

19%

18%

16%

15%

14%

13%

11%

10%

9%

7%

6%

5%

4%

2%

Expenses by Currency (2013 9M) USD 55%

Other 7%

EUR 12%

TL 26%

• • • • •

Monthly gradually decreasing layered hedging strategy. Sell EUR, Buy USD and TRY via forward contracts. Each contract for 24-month period. Target hedge levels: 30% for TRY, 25-35% for USD. Flexible hedge strategy with respect to conditions.

20

1%

The Best in Europe in the last 3 years

Winner of 3 awards at the 2013 Skytrax World Airline Awards: › Best Airline Europe › Best Business Class Catering › Best Airline in Southern Europe

The only 4 Star Airline in all categories in Europe 21

THANK YOU

Mr. Coşkun KILIÇ, CFO

Tel: +90 (212) 463-6363 x-13630

Ms. Duygu İNCEÖZ, IR Manager

E-Mail: [email protected]

22

Assets ( Mn$) Cash and Equivalents

2006

2007

2008

2009

2010

2011

2012

9M’13

260

412

1.288

871

581

934

1,070

1,473

Trade Receivables

177

211

231

295

374

405

436

624

Other Current Assets

318

654

214

693

1.304

802

691

342

Total Current Assets

755

1.277

1.733

1.858

2.259

2.140

2,197

2,439

2.196

2.777

3.343

3.195

4.168

5.873

7,121

7,910

1.941

2.414

3.046

2.914

3.822

5.319

6,392

6,966

Other Non-Current Assets

194

169

155

638

462

672

1,227

1,621

Total Non-Current Assets

2.400

2.949

3.499

3.834

4.629

6.545

8,348

9,531

Total Assets

3.155

4.226

5.231

5.692

6.888

8.685

10,545

11,970

Liabilities (Mn$) Lease Obligations

2006

2007

2008

2009

2010

2011

2012

9M'13

Net Fixed Assets of which Aircraft and Engines

1.183

1.541

2.127

1.985

2.703

4.189

4,862

5,357

Passenger Flight Liabilities

229

326

322

390

436

677

936

1,275

Accounts Payable

226

313

288

371

476

461

512

648

Other Liabilities

372

460

519

659

850

976

1,204

1,350

Total Liabilities

2.010

2.640

3.256

3.404

4.464

6.303

7,513

8,631

Total Shareholders Equity

1.145

1.587

1.975

2.288

2.424

2.382

3,032

3,339

125

150

116

581

647

635

673

678

-443

-280

0

613

910

971

969

1,525

3.155

4.226

5.231

5.692

6.888

8.685

10,545

11,970

of which Issued Capital of which Retained Earnings Total Liabilities & Shareholders Equity

23

Income Statement (Mn$)

2006

2007

2008

2009

2010

2011

2012

9M'12

9M'13

13/12%

Operating Revenue

2,834

3,737

4,719

4,552

5,448

7,070

8,319

6,142

7,455

21%

Operating Expenses

2,773

3,348

4,148

4,058

5,149

6,855

7,722

5,528

6,789

23%

of which Fuel

775

904

1,427

990

1,406

2,395

2,881

2,120

2,536

20%

of which Personnel

570

782

909

912

1,141

1,339

1,366

1,035

1,154

11%

of which Depreciation

236

281

221

302

297

486

575

368

485

32%

of which Rent

154

164

162

249

305

297

297

212

366

72%

Operating Profit

60

389

571

494

299

215

597

614

666

8%

193

174

44

59

92

96

335

89

102

15%

42

8

162

84

79

237

24

55

68

23%

211

556

453

468

312

73

907

647

700

8%

21

26

20%

Income From Other Operations Loss From Other Operations Profit from Operating Activities Income From Investment Activities Share of Investments' Profit (Loss) Financial Income

12

3

8

-24

6

3

3

53

1717%

238

1,100

112

47

158

90

79

18

-77%

Financial Expense

79

520

550

112

99

150

231

103

189

83%

Profit Before Tax

132

285

1,006

477

237

87

769

647

607

-6%

7

81

132

115

51

76

125

-159

-164

-3%

125

204

874

362

185

11

644

488

444

-9%

Tax Net Profit

24

( $ Mn) Sales Revenue Cost of Sales (-) GROSS PROFIT/(LOSS) General Administrative Expenses (-) Marketing and Sales Expenses (-) Other Operating Income Other Operating Expense (-) OPERATING PROFIT Adjustments Gain on Sales of Fixed Assets Loss on Sales of Fixed Assets Reversal from provision on asset held-for -sale and impairment of fixed asset Valuation difference of investment property Valuation gain from investment property Real increase in provision on non-current asset held-for-sale and impairment of fixed asset Share of Investments' Loss Accounted by Using The Equity Method EBIT Cost of Sales_Depreciation General Administrative Expenses_Depreciation Marketing and Sales Expenses_Depreciation EBITDA Operating Lease Expenses Short term EBITDAR EBITDAR MARGIN

9M 2012 6,142 ( 4,738) 1,404 ( 158) ( 633) 89 ( 55) 647 11 - 4

9M 2013 7,455 ( 5,882) 1,573 ( 174) ( 733) 102 ( 68) 700 49 - 4

- 196

12 3 658 348 15 5 1,026 133 41 1,199 19.5%

53 748 464 16 5 1,233 113 215 1,561 20.9%

TURKISH CARGO › Leading cargo carrier in total export and

import cargo in Turkey.

› By the end of September 2013, THY carried

407.011 tons of cargo, indicating 18% increase compared to the same period of 2012.

Revenue (Mn$) 21%

578 246

294

286

2007

2008

2009

673 524

405

2010

2011

2012

9M'12

26

636

9M'13

› Regional Training Partner for IATA & IATA Authorized

Training Center.

› Provides training services for about 20.000 people each

year

› Currently has 46 instructors with 40 classrooms. › Provides training services in these areas: › Technical (Theoretical and Practical) › Commercial and Ground Handling › Quality and Management Trainings

Turkish Airlines Flight Training Center

› Marketing and Sales Trainings

Offers Cockpit Crew Training , Cabin Crew Training, Ground Training and Simulators with:

› Computer and IT Trainings

› 6 full Flight Simulators for B737 800s, A320s, B777-

› SAP Trainings

300ER, A330/340 aircraft › 1 FNPT II MCC

› 4 Flight Training Devices for A320, A330/340, B737-

800 and B777

› 1 A320 Door Trainer, 1 B777 Door Trainer › A340 ”Business class”, B737 “Economy Class” Cabin

Service Trainer (CST)

› B737/A310/A320/A340 Cabin Emergency Evacuation

Trainer(CEET) 27 27

THY Group (9M'13)

Revenue (Mn $)

Personnel

THY Rev. %

Partnership Structure

1

THY (Consolidated)

7,455

18,667*

-

%49 ÖİB - %51 Open to Public

2

Turkish Opet Aviation Fuels

1,924

228

80%

%50 THY - %50 Opet

3

THY Turkish Technic

356

2,003

71%

% 100 THY

4

THY Turkish Do&Co

244

3,946

84%

%50 THY - %50 Do&Co

5

Turkish Ground Services

178

8,069

77%

%50 THY - %50 Havaş

6

Pratt Whitney THY Turkish Engine Center (TEC)

86

199

76%

%51 PW - %49 THY

7

Turkish HABOM

34

2,301

8%

% 100 THY

8

Goodrich Turkish Airlines Technical Service Center

5

22

36%

%60 Goodrich - %40 THY Teknik

9

Turkish Cabin Interior Systems Industries, Inc.

-

-

-

%30 THY - %21 THY Teknik - %49 TAI

10

Turkbine Technical Gas Turbines Maintenance & Repair, Inc.

0.3

18

-

11

Aircraft Seat Manufacturing Industry & Trade, Inc.

-

24

0%

12

Sun Express (Turkey & Germany Consolidated)

896

2,644

-

%50 THY Teknik - %50 Zorlu O&M THY & THY Teknik %50-Assan Hanil %50 %50 THY - %50 Lufthansa

14

THY Aydın Çıldır Airport Management, Inc.

-

-

-

%100 THY

* THY A.O. Personnel

28

Turkish Technic › Owned 100% by THY. › Provides

maintenance services to more than 100 customers, including international airlines such as Lufthansa, KLM, BA and Alitalia as well as domestic airlines.

TURKISH HABOM (Maintenance Repair & Overhaul Center) › MNG Teknik A.Ş., (acquired by Turkish Airlines in May

2013) and HABOM A.Ş. (established on 21 June 2012 as a wholly-owned subsidiary of Turkish Airlines) merged under the name of THY HABOM A.Ş. in September 2013.

›

The company provides aviation maintenance and repair services at Atatürk Airport. With the new facility established in Istanbul Sabiha Gokcen International Airport, Turkish Habom aims to become the largest maintenance, repair and modification center in the region.

Goodrich THY Technic Service Center › Provides repair, overhaul and modification services for

Nacelle, Thrust Reverser, and its components; for Turkish Airlines and other customers from Turkish domestic and International markets. › The 4.000 sq meters (indoor) facility is located in Gebze

Organized Industrial Zone 29

Turkish Engine Center › Provides engine maintenance, repair and

overhaul (MRO) services to customers located in Turkey, surrounding regions and worldwide. › The

environmentally efficient engine overhaul facility has total usage area of 100,000 sq. meters located at the Sabiha Gokcen International Airport.

Turkish OPET

Turkish Do&Co

TGS Ground Services

› In terms of investment on jet fuel

› Since

› Owned 50% - %50 by THY and

supply; Turkish Airlines established a jet fuel supply company together with local oil retailer OPET on September 2009. › The business activity of the

established company is to supply jet fuel to any type of aircraft. › Started supplying jet fuel to THY

for all domestic airports as of July 1st 2011.

2007, operating nine gourmet kitchens all over Turkey: Istanbul (Atatürk and Sabiha Gökcen), Ankara, Antalya, Izmir, Bodrum, Trabzon, Dalaman and Adana. Over 60 national and international airlines are catered from these locations.

› Turkish Airlines won the

“Best Business Class Catering’’ award at the 2013 Skytrax World Airline Awards and “World's Best Economy Class Onboard Catering’’ award at the 2010 Skytrax Awardswith Turkish Do&Co. 30

Havaş Havaalanları Yer Hizmetleri A.Ş. › Provides

ground services to Turkish Airlines since the beginning of 2010, currently at eight major airports in Turkey: Istanbul (Ataturk and Sabiha Gokcen), Izmir, Ankara, Antalya, Adana, Bodrum, Dalaman.

Sun Express Turkey › Founded in October 1989 as a 50% - 50% subsidiary company of Lufthansa and

Turkish Airlines.

› Market leader in charter flights between Germany and Turkey. › Flies to/from 22 airports in Germany, 21 in Turkey and 44 in other countries. › Operates with 21 B737-800 aircraft with total seat capacity of 3.969 as of

September 2013.

› Carried 4,297,041 passengers as of September 2013, by achieving load factor of

84.4%

31

This presentation is confidential and does not constitute or form part of, and should not be construed as, an offer or invitation to subscribe for, underwrite or otherwise acquire, any securities of Turkish Airlines A.O (the “Company”) or any member of its group nor should it or any part of it form the basis of, or be relied on in connection with, any contract to purchase or subscribe for any securities of the Company or any member of its group nor shall it or any part of it form the basis of or be relied on in connection with any contract, investment decision or commitment whatsoever. This presentation has been made to you solely for your information and background and is subject to amendment. This presentation (or any part of it) may not be reproduced or redistributed, passed on, or the contents otherwise divulged, directly or indirectly, to any other person (excluding the relevant person’s professional advisers) or published in whole or in part for any purpose without the prior written consent of the Company. This presentation includes forward-looking statements. These forward-looking statements include all matters that are not historical facts, statements regarding the Company’s intentions, beliefs or current expectations concerning, among other things, the Company’s results of operations, financial condition, liquidity, prospects, growth, strategies and the industry in which the Company operates.

32

By their nature, forward-looking statements involve risks and uncertainties, including, without limitation, the risks and uncertainties set forth in the Company’s Offering Memorandum, because they relate to events and depend on circumstances that may or may not occur in the future. The Company cautions you that forward-looking statements are not guarantees of future performance and that its actual results of operations, financial condition and liquidity and the development of the industry in which the Company operates may differ materially from those made in or suggested by the forward-looking statements contained in this presentation. In addition, even if the Company’s results of operations, financial condition and liquidity and the development of the industry in which the Company operates are consistent with the forward-looking statements contained in this presentation, those results or developments may not be indicative of results or developments in future periods. The Company does not undertake any obligation to review or confirm analyst expectations or estimates or to release publicly any revisions to any forward-looking statements to reflect events that occur or circumstances that arise after the date of this presentation.