CELEBI GROUND HANDLING ANNUAL REPORT 2018

ÇELEBİ HAVA SERVİSİ A.Ş. 107 Çelebi Ground Handling 2018 Annual Report Convenience Translation into English of Consolidated Financial Statements Originally Issued in Turkish NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS AS AT AND FOR THE YEAR ENDED 31 DECEMBER 2018 (Amounts expressed in Turkish Lira (“TL”) unless otherwise indicated.) January 1- January 1- December 31, 2018 December 31, 2017 Other purchases from related parties (*) Çelebi Havacılık Holding (1) (*) 6.585.609 4.459.115 DASPL (3) (**) 6.878.512 3.980.308 Celebi Nas (3) (***) 3.207.560 2.217.959 Çe-Tur Çelebi Turizm Tic. A.Ş. (4) 43.642 16.281 Other 215.211 155.842 16.930.534 10.829.505 (1) Parent company (2) Subsidiary of the Group (3) Associate of the Group (4) Other related party (*) The purchases made from Çelebi Havacılık Holding consist of expenses directly reflected the Company regarding business development projects and tenders conducted by Çelebi Aviation Holding on behalf and account of the Company. (**) Purchases from DASPL that are related to services provided for the aeration, generator and utility water installed in passenger bridges. (***) Purchases from Celebi Nas that are related to expenses reflected of equipment rent and staff fees. As of December 31, 2018 and December 31, 2017, collaterals given in favour of the subsidiaries and joint venture of the Group for the loans borrowed by them are as follow: December 31, 2018 EUR INR Total TL Celebi Nas (1) - 94.392.000 7.107.718 Celebi Delhi Cargo (2) - 336.000.000 25.300.800 CASI (3) - 2.337.467.000 176.011.265 Celebi Cargo GmbH (4) 50.000 - 301.400 50.000 2.767.859.000 208.721.183 December 31, 2017 EUR INR Total TL Celebi Nas (1) - 94.392.000 5.578.567 Celebi Delhi Cargo (2) - 336.000.000 19.857.600 CASI (3) - 1.917.667.000 113.334.120 Celebi Cargo GmbH (4) 50.000 - 188.595 50.000 2.348.059.000 138.958.882 (1) Within the scope of the long-term project finance and working capital loan agreement signed between Celebi Nas and a bank resident in India amounting to INR 1.145.000.000 cash and INR 845.000.000 non-cash, 30% of the 57% shares of Celebi Nas owned by the Company has been pledged in favor of the lender bank to fulfill financial obligations arising from the agreement. As of December 31, 2018, the risk of the cash loan in the respective bank is amounting to INR 1.688.150.170. (2) Within the scope of the long-term project finance and working capital loan agreement signed between Celebi Delhi Cargo and a bank resident in India amounting to INR 1.200.000.000 cash and INR 100.000.000 non-cash, 30% of the shares ofthe Company has been pledged in favor of the lender bank to fulfill financial obligations arising from the agreement. As of December 31, 2018, the risk of the cash loan in the respective bank is amounting to INR 794.332.450. (3) Celebi Airport Services has a borrowing amounting to INR 1.200.000.000 cash and INR 100.000.000 non-cash within the scope of the long-term project finance and working capital loan agreement signed between The Company and a bank resident in India. As of December 31, 2018, the risk of the cash loan in the respective bank is amounting to INR 800.037.643. (4) In order to fulfill the financial obligations arising from the loan agreements signed between Celebi Cargo GmbH and banks resindent in Germany, a guarantee of EUR 50.000 is given by the Company to the lender banks.