Doğuş Holding

In the management of its subsidiaries, Doğuş Holding is committed to fulfilling the following responsibilities:

• Updating the Group's strategy along the lines of the changing investment climate and steering the Group companies in line with the predetermined strategy,
• Ensuring generation of sufficient financial resources to realize the Group's long-term vision, and their optimum utilization,
• Formulating and managing corporate initiatives so as to enable the Group to adapt in the quickest manner possible to the developing and evolving business environment,
• Leading the creation and management of strategic alliances and corporate partnerships,
• Providing communication among the Group companies and identifying opportunities that will result in synergy,
• Coordinating and consolidating the financial and corporate reporting of the Group companies,
• Ensuring optimum use of technology, knowledge and human resources across the Group,
• Formulating and maintaining corporate values and communicating them within and outside the Group,
• Instilling an awareness of social responsibility and corporate citizenship,
• Implementing the ERM-Enterprise Risk Management approach to assure that the business risks undertaken by the Group companies are in compliance with the shareholders' risk appetite.

HOLDING FUNCTIONS

Doğuş Corporate Communications

Doğuş Corporate Communications is responsible for Doğuş Group's reputation management through the means of strategic communications tools, media relations, social responsibility projects and sponsorship activities. The Department is also responsible for the coordination of the internal communications among the Doğuş Group companies.

Doğuş Strategy

Doğuş Strategy is responsible for determining short, medium and long-term business strategies in line with the Doğuş Group's vision. The department oversees the strategic planning efforts by spearheading tools, processes and systems that can used by Group companies. It manages business development projects and seeks investment opportunities to create competitive advantage for the Group. It administers research and constantly analyzes global and domestic changes to sharpen the Group's strategic action capability. The Department also establishes and coordinates Group-wide initiatives to enhance corporate development and synergy across companies within the Group.

Finance

The Finance Department is responsible for relations with local and foreign financial institutions, parallel to the financing needs of Doğuş Holding and other Group companies (excluding the finance sector), cash flow and asset management, coordination of market risks as well as rating process management, and project finance requirements of non-financial segment of Doğuş Group.

Office of the Chairman

Office of the Chairman is in charge of the tasks that are related to the Chairman's business activities. The responsibilities of the department include various functions primarily economic research, protocol services, event management and media relations of the Chairman as well as the coordination of internal and external affairs with third parties, including economic and financial institutions, business partners, universities, NGO's, official institutions and the governmental authorities.

Human Resources

The Human Resources Department is responsible for the management of Doğuş Holding human resources processes in line with corporate values and strategies. The basic activities of the Human Resources Department are; search and selection, training and development, organizational development, employee relations, compensation and benefits administration, performance management and improvement systems. The Department is also responsible for establishing the communication platform, among the other Doğuş Group companies, and providing human resources consultancy services for non-Garanti branded companies of Doğuş Group.

Risk Management

The Risk Management Department is accountable for establishing the Enterprise Risk Management structures for the Group companies, in order to identify/follow up risks and mitigating actions. The Department focuses on risks that may have a direct or indirect effect on the shareholder's assets. Areas, such as business strategies, operations, legal issues and finance related matters as well as new investment considerations fall under the scope of the Department. The outcomes are being shared and discussed with Group companies' Risk Managers. The department regularly reports to the CEO, the Risk Committee and the Board where risks, causes and potential effects and action plans are discussed.

Internal Audit and Financial Reporting

The Internal Audit unit of the Department is responsible for the performance of financial, operational and IT audits at Doğuş Group companies, in accordance with its annual risk-based audit plan. The Financial Reporting unit, on the other hand, is responsible for the preparation of the consolidated financial statements, management reports, and projections in accordance with International Financial Reporting Standards and monitoring and reporting of deviations from business line budgets.

Legal Affairs

The Legal Affairs Department is responsible for the legal representation of Doğuş Holding and other Group companies under its responsibility, and for ensuring that all kinds of contracts and legal processes are handled in line with the company's best interests and with no legal risk.

Financial Affairs and IT

The Financial Affairs and IT Department is responsible for assistance and support services under information technologies and financial transactions for Doğuş Group, its tax liabilities, as well as the subsidiary relations and its financial activity compliance.

Tax Affairs

The Tax Affairs Department is responsible for assistance and support services for Doğuş Group, as well as its subsidiaries, regarding tax laws and procedures such as tax disputes, incentives, M&A, transfer pricing, training and tax planning and structuring to avoid international double taxation. The Tax Department also joins to the meetings of the Tax Council, and the other related associations, to support tax legislation process.

Doğuş Investments

Doğuş Investments is responsible for undertaking business opportunities in new sectors and in sectors Doğuş Group operates. It evaluates domestic and regional investment opportunities that are in line with the Group's strategy and changes in the global economy. The Department responsibilities include providing thorough analysis of business opportunities and closing deals for the projects approved by Doğuş Holding Board. The Department is also responsible for monitoring the projects after the successful initiation, to ensure timely and efficient return for each business development project.

Lean Management

Lean Management is responsible for coordinating the lean transformation within Doğuş Group. Through a series of activities such as training, value stream mapping studies, action workouts and kaizen projects, the division helps management and employees to understand lean management principles and invigorate the business performance of the entire Group. It leads and reports the results of process optimization studies that help the Group to increase its competitive advantage and profitability, through increased efficiency, quality and customer satisfaction.