vdf Holding A.Ş.

vdf Group aims to participate in every link of the value chain in the automotive and finance sectors, and create additional profit and business for our strategic partners. It is structured as a holding company and with effect from 2008, it consists of three companies: Volkswagen Doğuş Tüketici Finansmanı A.Ş., which operates in consumer finance business, vdf Sigorta Aracılık Hizmetleri A.Ş. in insurance services business and vdf Servis Holding A.Ş.

vdf Otomotiv Servis ve Ticaret A.Ş. (vdf Fleet Services), active in the operational leasing business, was seperated from vdf Group on 8 November, 2007, as Volkswagen Financial Services AG (VW FS AG), the major shareholder of vdf Group, transfered 51% of its shares to Europe’s leading operational leasing company, LeasePlan Corporation N.V. last year. The share of Doğuş Group in the new partnership remained at 49%.

vdf Automotive Finance (Volkswagen Doğuş Tüketici Finansmanı A.Ş.)

vdf Automotive Finance enjoyed a successful 2007 and secured its leadership position by capturing a 42% market share among consumer finance companies. Among all financial institutions in retail car loan market, vdf’s market share stands at 14% and it has achieved a penetration rate of 24% from the 27 brands with which it has partnership agreements in automotive financing. By the end of 2007, vdf had extended a total of 38,776 vehicle credits, reaching an annual total transaction volume of TRY 1 billion, with TRY 1.56 billion of total assets. vdf Automotive Finance aims to give 40,500 new credit contracts in 2008.

One of vdf Automotive Finance’s most important activities in 2007 was the expansion of its portfolio of brands to which it provides services. Bentley, Lamborghini, Volkswagen Marine and Scania Marine were new additions to its portfolio in 2007, bringing the total number of brands served up to 27.

vdf Insurance Services (vdf Sigorta Aracılık Hizmetleri A.Ş.)

vdf Insurance Services was established in 2004 and provides automotive focused insurance products to its customers with a wide range of products. KomboPlan, the new product developed by vdf Insurance Services and vdf Automotive Finance, offers consumers a 5-year motor-insurance policy together with their vehicle credit. vdf Insurance Services, which ran the vehicle and traffic insurance services of Doğuş Oto dealers in 2006, additionally started to provide extended warranty products for Volkswagen Passenger Cars, Volkswagen Commercial Vehicles, Audi, SEAT and Skoda in 2007, under the name of Full Life.

vdf Fleet Services (vdf Otomotiv Servis ve Ticaret A.Ş)

vdf Fleet Services Company, established as a partnership of Volkswagen Financial Services (51%) and Doğuş Otomotiv (49%), transferred its shares to LeasePlan Corporation N.V. on November 8, 2007. The new company LeasePlan Turkey was established after this transfer. Leaseplan Turkey will establish synergies with the global power of LeasePlan Corporation N.V. and Doğuş Otomotiv's local experience in the fleet market and will provide long term fleet rental to large and middle sized global and local companies.

vdf Küçükbakkalköy used car sales center

vdf Fleet Services organized a used car sales center in Küçükbakkalköy for the returned vehicles from the fleets. At the end of 2007, vdf Fleet Services increased the number of vehicles in its portfolio by 16% compared to the previous year to 6,295, with 2,857 new contracts. With an 8% increase in the number of new contracts, vdf Fleet Services has also enlarged its customer portfolio to 954 customers.