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News

12 April 2010
Changes in Adress

In our 11/05/2008 material disclosure about discontinued activities of our subsidiary Doğuş Auto Mısr For Trading and Manufacturing Vehicle Joint Stock Company based in Cairo-Egypt and Doğuş Automotiv LLC, which owns 99% of its shares, headquartered in 28 Cairo-Alex Road in Abou Rawash Cairo/Egypt, has changed the adress to 3/4 Anwar El - mofty St. Abbas El akkad St. Nasr city Cairo/Egypt to monitor the legal procedures until completion in the scope of Egypt's country regulation.
OK

15 February 2010
Dogus Seeks Turkey Market-Share Gain on Auto Prices

By Ercan Ersoy
Feb. 15 (Bloomberg) -- Dogus Otomotiv Servis & Ticaret AS, the biggest retailer of Volkswagen AG vehicles in Turkey, aims to restore its market share to 11 percent this year with price cuts and new models.
Dogus reduced prices on light commercial vehicles by 10 percent at the start of the year after its share of Turkey’s market declined 1.6 percentage points to 9 percent, Chairman Aclan Acar said today in an interview in Istanbul.
Turkey’s car and light commercial-vehicle market may contract 6 percent to 525,000 units in 2010 in the absence of government incentives, Acar said. Manufacturers sold a total of 557,000 cars, vans, pickup trucks and sport-utility vehicles in 2009, according to the country’s Automotive Distributors’
Association.
A sales-tax cut for the six months through September aimed at supporting the auto industry, Turkey’s top export earner, helped the car market expand 21 percent in 2009 to 369,819 vehicles. That contrasts with a national economic contraction that the central bank estimates at 6 percent. The Istanbul-based Automotive Manufacturers’ Association is forecasting a 10 percent decline in auto sales this year, even as the government has targeted 3.5 percent growth in the economy.

                  Unchanged-Sales Forecast

     "We aim to make up for our declines last year," Acar said. "We will probably have a sales figure of $1.3 billion to
$1.4 billion in 2010, almost the same as 2009." Two-thirds of Dogus Otomotiv’s total sales come from passenger cars and the rest from commercial vehicles, he said.
Exports by Turkey’s vehicle and spare-parts industry may rise 48 percent to $25 billion in 2010, he said. Turkey, a production hub for international manufacturers including Fiat SpA, Ford Motor Co. and Toyota Motor Corp., exported 72 percent of the light vehicles it built in 2009 for a total $16.9 billion, according to Turkey’s Exporters Association Web site.
Volkswagen models that Dogus Otomotiv plans to introduce include the Amarok pickup truck and new versions of the Caddy and Transporter vans and Polo car as well as the Audi luxury division’s A1 compact and the Bentley brand’s ultra-luxury Mulsanne model, Acar said. Some existing models with more powerful turbo-charged FSI engines will be sold in Turkey this year, Acar said.
"We will bring in Amarok models in August and plan to sell more than 1,000 of the model in the final five months of this year," Acar said. "Our business model is to grow on Volkswagen vehicles," he said, as 13 of the 15 makes Dogus Otomotiv markets come from Volkswagen.

                  ‘Cash-for-Clunkers’ Possible

     Turkish car dealers expect the government to introduce a "cash-for-clunkers" program similar to incentives in other countries that encouraged trade-ins of older models for scrapping for purchases of new cars, Acar said. About 2.2 million of Turkey’s 6 million cars, vans and light trucks are older than 15 years, he said.
Data from the TuvTurk motor vehicle inspection agency, which is part-owned by Dogus Otomotiv, showed there is "an urgent need to reduce the average age of cars in operation in Turkey in terms of environmental and safety aspects," he said.
Volkswagen Dogus Tuketici Finansman AS, the joint financing unit of Dogus Otomotiv and Wolfsburg, Germany-based Volkswagen, is working on a possible sale of bonds denominated in liras, and the company board may have the plan outline in March, he said.
The venture has a loan book of about 1 billion liras ($660
million) to car buyers so far, he said.
Dogus Otomotiv, which pays for its vehicle imports in euros, has 170 million euros ($231 million) of outstanding debt, he said.
"This is not large leverage for a company of our size,"
Acar said. "Still, we are converting our foreign-currency debt to Turkish lira-based debt as the interest rate here has fallen."
Dogus Otomotiv rose 15 kurus, or 2.9 percent, to 5.3 liras on the Istanbul Stock Exchange.
OK

30 December 2009
D-ASSA Suisse SA Capital Increase

Our subsidiary D-Auto Suisse SA in Switzerland has reported an increase of its 1.000.000,-CHF paid-in capital to 8,000,000,-CHF, an increase that has been registered under Swiss law, whereby the other partners did not participate in capital increase and therefore the company share increased from 99% to 99.875%.
OK

30 December 2009
Krone Dogus Treyler Capital Increase

Dogus Otomotiv informs in a filing with the Istanbul Stock Exchange that its subsidiary Krone Dogus Treyler decided to increase its capital to TRY 66.3mn from the current TRY 60mn.
OK

17 September 2009
Dogus Automotive Group, Turkey’s leading automotive importer and distributor, opened a Porsche showroom and service center in Lausanne, Switzerland. With an investment sized at 23 million CHF named D-Auto Suisse SA, it will provide sales and after sales services on an area of 5000 square meters. "D-Auto Suisse SA",is planning to sell 50 Porsches untill the end of 2009 and a total of 200 Porsches in 2010 at its new location close to both, Bern and Geneva. The company aims to start its operation with 22 employees in 2009 and is further aiming to employ 25 in 2010. As a Turkish-based company, Dogus Automotive is proud to open the largest Porsche showroom in Switzderland
OK

06 August 2009
Upon abolition of the term "Yeni" (New) from the name of the Turkish currency pursuant to the Cabinet Decision dated 05 May 2007, any references made to the "Yeni Türk Lirası" (New Turkish Lira) will automatically be converted to those made to the "Türk Lirası" (Turkish Lira).

References made to "Türk Lirası" or "Lira" in Section 3 of Law No. 5083, laws and other legislation, administrative transactions, judicial decisions, all kinds of legal proceedings, negotiable instruments and other documents and means of exchange leading to legal effects shall be deemed to have been made to the "Yeni Türk Lirası" at the exchange rate stated in section 2.

In this context, by virtue of Section 3 of Law No. 5083, references made to "Türk Lirası" or "Lira" in stock certificates too shall be deemed to have been made to the "Yeni Türk Lirası" at the exchange rate stated in Section 2.

Pursuant to the said Cabinet Decision, following the shifting from the practice of "Yeni Türk Lirası" to that of "Türk Lirası" as of 01 January 2009, the former stock certificates held by investors, which certificates currently denominated in TL, must not be confused with the stock certificates denominated in "Yeni Türk Lirası" (to be expressed in "Türk Lirası" after the abolition of the practice of "Yeni Türk Lirası"), it must be determined in practice which "Türk Lirası" is the currency of any stock certificate by taking into consideration the dates of issue or creation thereof, and the investors must be careful in this regard.

As known; pursuant to the amendment to the articles of association of our Company by virtue of the Resolution made at the Ordinary General Meeting of Shareholders held on 11 May 2005, and registered on 13 May 2005, the nominal value of 1 share of our Company was changed from TL 1,000 into YKr (New Turkish Kurus) 1,- within the scope of Law No. 5274 on Amendment to the Turkish Commercial Code. No new stock certificates were printed for share replacement operations due to the change of nominal value, and the replacement of shares was implemented in compliance with the guidelines on dematerialisation with the Merkezi Kayıt Kuruluşu A.Ş. (Central Registry Agency Inc. of Turkey).

Since the nominal values are stated in the former "TL" on the stock certificates of our shareholders who do still hold physical stock certificates of which replacement and dematerialisation process has not been completed yet, the calculation for the conversion into YTL under Law No. 5083 shall be performed by the time of dematerialised delivery of such shares to their rightful owners, and these shares shall be monitored in the dematerialised system as "YTL" until 01 January 2009, and as "TL" thereafter pursuant to the Cabinet Decision dated 05 May 2007.

Our Esteemed Shareholders are kindly requested to take note
OK

27 July 2009
ANNOUNCEMENT REGARDING CHANGE IN MANAGEMENT

Subject: Statement made pursuant to Circular VIII, No: 39 of the Capital Markets Board.
Istanbul Stock Exchange

Changes in Executive Management
ISTANBUL
Effective, 27.07.2009
- Ms.Deniz Güven, the Chief Communications Officer, who has been serving in Dogus Group since 2000,
- Mr.Mustafa Barut, the Chief of Operations Officer, who has been serving in Dogus Group since 1987,
OK

27 July 2009
ANNOUNCEMENT REGARDING CHANGE IN MANAGEMENT

Subject: Statement made pursuant to Circular VIII, No: 39 of the Capital Markets Board.
Istanbul Stock Exchange

Dogus Auto Misr for Trading and Manufacturing Vehicles Joint Stock Company which is a subsidiary of Dogus Otomotiv, increased its paid in capital to 72.000.000 EGP from 28.000.000 (1 TL= ~ 3,6 EGP).

The amount corresponding to the advanced portion was added so as to offset against our receivables from the company. No other shareholders participated in the capital increase, as a result of which our share rose from %99,82 to %99,94.
OK

21 November 2008
The Company Board has decided that as of 12th December, 2008, management headquarters will be moved to "Atatürk Mahallesi, Anadolu Caddesi, No:22, Şekerpınar-Çayırova/Kocaeli" address.
OK

05 November 2008
Considering the economic conditions in the region, limited competition opportunities and potential effects of the global economic crisis on the region, DOAS management has decided to take the necessary measures, including the transfer of shares of Doğuş Oto Mısr LLC and Doğuş Oto Mısr For Trading and Manufacturing Vehicles Joint Stock Company in Egypt to local or foreign buyers.
OK

31 October 2008
Otofiks Ekspres Servis Hizmetleri ve Ticaret A.Ş. and Doğuş Oto Pazarlama ve Ticaret A.Ş. Boards have reached an accord for the merger of the companies. According to the agreement, in compliance with the regulations of Turkish Commercial Code, Otofiks Ekspres Servis Hizmetleri ve Ticaret A.Ş., with all its assets and liabilities, will be taken over by Doğuş Oto Oto Pazarlama ve Ticaret A.Ş.
OK

15 August 2008
D-Auto Suisse SA, Dogus Otomotiv’s 99% subsidiary, announced that it bought a piece of land (Route de Bussigny 38, Crissier, Parcel No.734 Lausanne) in exchange of 2.000.000 CHF for construction of Porsche showroom and after-sales outlet.
OK

17 July 2008
On July 17, 2008, ground breaking ceremony of Krone Doğuş Treyler Sanayi ve Ticaret A.Ş. trailer factory has taken place in Tire Organized Industrial Zone.
OK

23 June 2008
Official opening of Meiller Doğuş Damper Sanayi Ticaret Ltd. Şti, Dogus Otomotiv's subsidiary with 49% stake, has taken place and the company started producing tippers in Sakarya plant.
OK

22 May 2008
Dogus Otomotiv and Ingersoll Rand Climate Control Technologies ESA, one of the world's leading manufacturer of transport temperature control systems for a variety of mobile applications, signed a Letter of Intent (LoI) regarding the import, distribution, retail and after sales services of Termo King brand in Turkey.

Thermo King is the producer of transport temperature control systems for trailers, truck bodies, buses, shipboard containers and railway cars. The company has fifteen production plants in three different regions of the world, namely North and South America, Asia Pacific and Europe. It has more than 2,900 workers and 2006 revenues of US$3.2bn.

Becoming exclusive importer and distributor of Thermo King will create significant synergies for Dogus Otomotiv (DOAS) heavy commercial vehicle brands and will give DOAS the opportunity to serve the other brands operating in the commercial vehicles market.
OK

21 April 2008
Emir Ali Bilaloğlu has been appointed as board member of D-Auto Suisse, 99% subsidiary of DOAS located in Lausanne, Switzerland. Moreover, as Aclan Acar’s membership in BoD will continue, Marco Feser will be the Managing Director of the company.
OK

11 April 2008
Dogus Otomotiv will distribute gross YTL0.2048/share, net YTL0.1741/share dividends to its shareholders from its 2007 distributable profit.
OK

27 February 2008
Based on the decision taken by the Board of Directors on February 27nd,2008, DOAS has applied to the Capital Markets Board in order to adapt "registered capital structure" in which the authorized capital ceiling would be YTL275,000,000.
OK

06 February 2008
Based on the joint venture agreement signed between Doğuş Otomotiv A.Ş. and Bernard Krone Holding GmbH&Co.KG. on October 31th, 2007, Krone Doğuş Treyler Sanayi ve Ticaret A.Ş, which will manufacture Krone brand trailers in Turkey, is offiicially established on February 6th, 2008
OK

12 December 2007
Doğuş Otomotiv A.Ş. was assigned by Bugatti Automobiles S.A.S. as the representative of Bugatti brand in Turkey. DOAS will not be operating as distributor or direct dealer of the brand, but will be responsible for marketing and advertising activities in Turkey and will act as intermediary in Bugatti sales.
OK

16 November 2007
Based on the decision taken by Doğuş Otomotiv A.Ş. and Meiller GMBH & Co KG to form a joint venture company which will manufacture Meiller brand products in Turkey, Meiller Doğuş Damper Sanayi Ticaret Ltd. Şti. is offically registered, as of November, 16th 2007.
OK

08 November 2007
After the finalization of the agreement between VW Financial Services AG (VW FS AG) and LeasePlan Corporation N.V., as of November, 8th 2007, VW FS AG’s 51% stake at VDF Holding was transfered to LeasePlan which is the largest operational fleet rental company in Europe. As a result of the transaction, Doğuş Otomotiv‘s 38,2% in VDF Holding remained unchanged.
OK

07 November 2007
"Doğuş Auto Misr For Trading and Manufacturing Vehicles Joint Stock Company", which will be operational in import, distribution, retail and after-sales services of Volkswagen brand light commercial vehicles in Egypt, has become operational in November 7th, 2007 at the address of Cairo Alex. Road, 28.km Giza/Egypt.
OK

31 October 2007
Doğuş Otomotiv signed a JV agreement with Bernard Krone Holding GmbH & Co.KG to produce Krone brand trailers in Izmir, Turkey. In the newly established JV company, Doğuş Otomotiv will hold 48% stake.

Doğuş Otomotiv and Krone will invest a total EUR35mn for the plant, which will become operational early 2009 with 10,000 units annual production capacity. Total number of employees would be 200 at the initial stage and be increased to 400 after the plant starts to work at two shifts/day. Almost 90% of the company’s production will be diverted to exports and the financials of it will be consolidated in Doğuş Otomotiv's IFRS figures through equity pick-up method.
OK

03 October 2007
Through acquiring the 13.8% of Doğuş Otomotiv from Doğuş Inşaat A.Ş., Doğuş Araştirma Geliştirme A.Ş. has increased its stake in Doğuş Otomotiv to 30.3%. The transaction will not result in any change in the management, since it has been finalized within the group.
OK

02 October 2007
Doğuş Otomotiv and Meiller Fahzeug & Maschinenfabrik – GMBH & Co KG, Germany’s leading tipper producer, signed a Letter of Intent (LoI) regarding the manufacturing of Meiller brand tippers and semi-trailer tippers in Turkey. Recall that, back in February 2007, with the distributor agreement, Doğuş Otomotiv has become the main exclusive dealer of the Meiller brand in Turkey.
OK

25 September 2007
The merger of Doğuş Otomotiv with its 100% subsidiary Katalonya Otomotiv, through taking over the latter, had been completed as of September 25th, 2007. This will not result in any change in the financials and shareholders’ equity of Doğuş Otomotiv. Please note that Dogus Otomotiv had already been fully consolidating Katalonya Otomotiv’s figures in its IFRS financials.
OK

23 August 2007
Doğuş Otomotiv, exclusive importer and distributor of Meiller brand tippers and semi-trailer tippers in Turkey, and Meiller Fahzeug & Maschinenfabrik GmbH&Co. KG have started to evaluate the tipper production opportunities in Turkey.
OK

10 August 2007
Based on the decision taken by the Board of Directors on April, 11th 2005, US$552mn loans will be raised by our 33% subsidiaries TuvTurk Kuzey Tasit Muayene İstasyonları A.Ş. and Güney Taşıt Muayene İstasyonları A.S. via ABN Amro Bank N.V. and Bayerische Hypo und Vereinsbank AG consortium. Doğuş Otomotiv will be the partner and the guarantor of 33% of the credit raised together with its interests and other liabilities.
OK

11 July 2007
Green light from the council of state of the privatization of vehicle inspection station

Following the announcement of approval of the Council of State, the countdown has started for authorization transfer related to the construction and operation of new vehicle inspection stations. TÜVTURK, founded by the Doğuş-Akfen-TÜV SÜD consortium, who was awarded the privatization tender, will open at least 227 new inspection stations, 189 as fixed and 38 as mobile, in EU standards in 18 months. TÜVTURK aims to make an important contribution to the traffic and road safety in Turkey.
Following the announcement of approval of the Council of State, the countdown has started for authorization transfer to TÜVTURK who was awarded the privatization tender for construction and operation of new vehicle inspection stations in EU standards. At the next stage, TÜVTURK will execute a contract with Privatization Administration until 22.08.2007 and be the new operator of the inspection stations for 20 years.
TÜVTURK will pay the tender price of 552.2 million USD in advance, following the signing of the contract. Pursuant to the tender specifications, TÜVTURK will build at least 189 new fixed vehicle inspection stations and open 38 mobile stations in 81 cities and 88 counties after the transfer. Aiming to make an important contribution to ensuring traffic and road safety in Turkey, TÜVTURK will also create an important employment in the sector throughout Turkey by employing 1.500 persons at the end of the first year and then with gradually increasing numbers in subsequent years.
Following the start of operations of TÜVTURK that aims to contribute to traffic and road safety by providing vehicle inspection in EU standards, the vehicle inspection rates are expected to reach European Union standards in 20 years. The system will be established as Business Partnership model and start to operate in Turkey after 18-month process. During the period until the completion of this process, the existing inspection stations will continue to provide service.
OK

06 June 2007
Organizational Changes in Doğuş Otomotiv

As the corporate governance has become one of the priorities of the companies in the world, Dogus Otomotiv has reached to an important point in our Lean Management Programme and corporate structuring works following the strategy studies in line with its vision and mission.
In compliance with the principle of performing execution and supervision separately, Mr. Aclan Acar hand over his position of Chief Executive Officer which Mr. Acar has been serving next to his Chairman position until today.
Mr. Emir Ali Bilaloğlu, who has been serving as the General Manager of the brands Audi and Porsche under Dogus Otomotiv since 2004, has been appointed as Dogus Otomotiv General Manager and CEO as of June 1, 2007.
The other appointments made at other management levels are as follows:
Upon the approval of the resignation of Ms. Birgül Ak Karacahisarlı, the General Manager of Volkswagen Passenger Vehicle, it is resolved that Mr. Vedat Uygun, the General Manager of Volkswagen Commercial Vehicle, be appointed for her position.
Mr. Kerem Güven, Dogus Oto Pazarlama ve Ticaret A.Ş. Ankara Region Director, is appointed to fill the position of General Manager of Volkswagen Commercial Vehicle left vacant by Mr. Vedat Uygun.
Audi brand is re-structured together with Bentley and Lamborghini brands and General Manager Mr. Giovanni Atilla Gino Bottaro maintains his position as the General Manager of these 3 brands.
Porsche brand is re-structured together with SEAT brand and Mr. Anıl Gürsoy, Audi Sales Manager, is appointed as the General Manager.
General Manager of Marine and Industrial Motors, Mr. Ilhami Eksin is appointed as the General Manager of Otofiks Fast Service Services and DOD, the corporate second hand brand of Dogus Otomotiv.
General Manager of DOD, Mr.Tugrul Denizasan is appointed as the General Manager of Marine and Industrial Motors.
OK

04 June 2007
New Appointment in Doğuş Oto

As of 4th June 2007, new appointments are to take place in Doğuş Oto Pazarlama A.Ş., the retail brand of the Doğuş Otomotiv. Tanju Özenç, Süleyman Kadir Tuğtekin, Hayrullah Murat Aka, Hasan Hüsnü Güzelöz and Cem Yurtbay have been chosen to take place of the existing Board of Directors of Doğuş Oto Pazarlama; Tolga Şenyücel, Bahadır İsmail Gören, İzzet Berk Çağdaş, Vedat Uygun ve Birgül Ak Karacahisarlı. Tanju Özenç has been appointed as the Vice Chairman.
OK

31 May 2007
CEO Appointment in Doğus Otomotiv

Mr. Emir Ali Bilaloğlu, who has been serving as the General Manager of the brands Audi and Porsche under Dogus Otomotiv since 2004, has been appointed as Dogus Otomotiv General Manager and CEO as of June 1, 2007.
As the corporate governance has become one of the priorities of the companies in the world, Dogus Otomotiv has reached to an important point in our Lean Management Programme and corporate structuring works following the strategy studies in line with its vision and mission.
In compliance with the principle of performing execution and supervision separately, Mr. Aclan Acar hand over his position of Chief Executive Officer which Mr. Acar has been serving next to his Chairman position until today.
OK

29 May 2007
Bentley Showroom Opening

World's most prestigious luxury brand Bentleys are now in their new showroom in Ortaköy. As of May 29th, Bentley's first showroom started its sales and marketing operations in Muallim Naci Cad. in İstanbul.
4 Bentley brand automobiles were sold in Turkey during the first quarter of 2007, following their first launch in January. Three out of these four automobiles are Continental GT model, which means the brand does not only present a prestigious brand but also sportive. The sales quantities are anticipated to gradually increase in forthcoming periods.
Bentley Motors was founded in England on January 18, 1919 by Walter Owen Bentley. All of those prestigious hand-built cars using the finest quality natural materials. Its entire reputation rests on the experienced skills and passion of people, handed down through generations.
OK

14 May 2007
Porsche Dealership in Lausanne

Dogus Otomotiv signed a letter of intent with Dr. Ing. h.c. F. Porsche Aktiengesellschaft (Porsche AG), as of May 14th to be the dealer of the brand in Lausanne in Switzerland. With a letter of intent, Dogus Otomotiv will assume marketing, sales and after-sales retail operations of Porsche brand in Lausanne and its surrounding region in Switzerland.

Switzerland is an important market for Porsche. 1,692 units of Porsche cars are sold in 2006.

Dogus Otomotiv will establish a new showroom in the city. For the land purchase, AM Auto-Motive GmbH will be providing the advisery service for Dogus Otomotiv. The showroom is targetted to be one of Switzerland’s largest Porsche outlet. Operation will start in the 2nd Half of 2008.
OK

11 May 2007
Leaseplan expands in Turkey with a JV with Dogus Otomotiv

LeasePlan gets a foothold in Turkey by acquiring vdf Fleet Services in combination with a joint venture with Dogus Otomotiv. LeasePlan Corporation announced the agreement with Volkswagen Financial Services A.G. (VWFS) of an indirect 51% share purchase in vdf Fleet Services Holding A.Ş.

Vdf Fleet Services is active in the operational leasing market in Turkey. The remaining shares (49%) are held by Dogus Otomotiv. With the acquisition of a majority share in a professional multi-brand company and the cooperation with an experienced local partner, LeasePlan is expanding its worldwide network from 28 to 29 countries. vdf Fleet Services has a fleet of approximately 6,000 vehicles and is the 4th player in the Turkish market. Through this entry in the Turkish market LeasePlan will be able to meet the service demand of several of its existing international customers. The transaction will proceed subject to approval from the Turkish anti-trust authorities. Parties expect to finalise the transaction by the end of July 2007.
LeasePlan consists of a growing international network of companies engaged in fleet and vehicle management, mainly through operating leasing. In total, the company managed 1.26 million vehicles and a consolidated lease portfolio of EUR 13.2 billion. LeasePlan has held a universal banking licence since 1993 and is regulated by the Dutch Central Bank. The company is indirectly owned by a consortium consisting of the Volkswagen Group (50%), Mubadala Development Company (25%) and the Olayan Group (25%).

LeasePlan focuses on those segments of the automotive value chain where its services add value. LeasePlan is one of the few organisations with the broad geographical presence necessary to offer a global service to large multinational companies. Apart from aspiring to a leadership position in all the main markets in which it is active, LeasePlan constantly reviews expansion opportunities in new countries. It capitalises on its status as a bank by centrally supporting the group's financing activities.

LeasePlan is the European market leader in fleet and vehicle management. It is also one of the leading global players in this field, with offices in 28 countries and alliances in South Africa and the Baltic States. The Group companies rank among the major players in their respective local markets, and many are market leader.
OK

10 May 2007
2006 Dividend Payments

According to the General Assembly, which was held on 29th of March, it was decided that the dividend payment for the year 2006 will be amounting to TRY 6.787.000. The dividend payment to our shareholders will be starting to be paid in proportion to the shares beginning from May 15th until May 20th, 2007.
OK

06 April 2007
Otofiks Ekspres Servis Hizmetleri ve Ticaret A.Ş. Founded

Otofiks Express Services is founded as of April 6th, 2007 and DOAS participates in with a share of 99,8%.
OK

02 April 2007
Change in DOAS Market Stock

As of April 2nd, 2007 Katalonya A.Ş. sold % 0,205 of its DOAS shares to Dogus Holding. The shares involved in the sourcing transaction are over-the-counter stock and Dogus Holding increased its shares in DOAS stock from 41,96% to 42,17%. As this sales operation is within the group, no change in management of DOAS will take effect.
OK

29 March 2007
DOAS 2006 General Assembly Meeting

DOAS 2006 General Assembly Meeting took place on March 29th, 2007 at Hyatt Regency Hotel. Annual Report, Balance Sheet, Profit and Loss Statements, Independent Auditor's Report were accepted during the meeting.
OK

28 March 2007
Change in DOAS Market Stock

Dogus Insaat sold 18.120.609 YTL par-value DOAS stock to Doğuş Araştırma Geliştirme ve Müşavirlik Hizmetleri A.Ş as of March 28th, 2007. Hereby, Doğus İnşaat ve Tic. A.Ş’s shares fell down to 13,83% and Doğuş Araştırma Geliştirme ve Müşavirlik Hizmetleri A.Ş’s shares increased to 16,47%.
OK

23 March 2007
Direct Dealership Agreement signed with VW

We would be glad to inform you that Dogus Otomotiv signed "Direct Dealership Agreement" with VW Aktiengesellschaft to be the 'Exclusive Main Dealer' and the 'Distributor' of Volkswagen Marine Engines in Turkey; so the marketing, sales and after-sales services of Volkswagen Marine Engines will be provided by Dogus Otomotiv.
OK

23 March 2007
DOAS signed Direct Dealership Agreement with Lamborghini

We would be glad to inform you that Dogus Otomotiv signed "Direct Dealership Agreement" with Lamborghini S.p.A (AUTOMOBILI LAMBORGHINI SPA), to become the direct dealership of Lamborghini brand in order to provide marketing, sales and after-sales services in Turkey.
OK

23 March 2007
DOAS signed Distributor Agreement with Meiller

We would be glad to inform you that Dogus Otomotiv signed Distributor Agreement on February 27th, 2007 with Meiller Fahzeug&Maschinenfabrik - GMBH&Co KG to be the 'Exclusive Main Dealer' and the 'Distributor' of Meiller tippers and semi-trailer tippers in Turkey.
OK

23 March 2007
General Assembly Meeting 2006 of DOAS

The General Assembly meeting od Dogus Otomotiv will be held on March 29th, 2007 at 11 o'clock at Hyatt Regency Hotel.
OK

23 March 2007
2006 DOAS Dividend Payment

Distributable net profit for 2006 is 13.568.261 YTL and according to this; the Dividend Payment of DOAS will be 6.787.000 YTL.
OK

13 March 2007
Dogus Otomotiv took over 50% shares of Yuce Family

We would be glad to inform that Dogus Otomotiv took over the remaining 50% shares of Yuce Auto in Katalonya A.S. from Yuce Family as of December 4th, 2006.

With this transaction, Dogus Otomotiv owned 100% SEAT brand and will continue to fully consolidate its numbers into Dogus Otomotiv financial figures.

The new shareholder structure of Katalonya is as follows:

Dogus Otomotiv Servis ve Ticaret A.S.          %100               99.992 units

Dogus Oto Pazarlama ve Ticaret A.S.            %0                   3 units

Dogus Holding A.S.                                         %0                   3 units

Dogus Insaat (Construction)                          %0                   1 units

Dogus Nakliyat ve Ticaret A.S.                       %0                   1 uni
OK

13 March 2007
New Appointment in Dogus Otomotiv

Effective as of January 18, 2006, Mr. Aclan Acar has been appointed Chairman of the Board of Doğuş Otomotiv Servis ve Tic. A.Ş the main distributor company and the Chairman of the Board of Doğuş Oto Pazarlama A.Ş. the retail brand of the Doğuş Automotive Group where he has been serving as Board Member since March 2000.

Mr. Aclan Acar started his career in 1974. After working for the state-owned Halkbank for three years, he joined the Central Bank of Turkey in 1978 where he served in different departments until 1990. During this period Mr. Acar undertook several managerial responsibilities including establishing trading room, managing open market account for domestic operations, reorganizing and managing foreign exchange transactions division of money markets and treasury department of the Central Bank.

Mr. Acar has been continuing his career within the Dogus Group, one of the leading conglomerates of Turkey, since September 1990. First, he started at Garanti Bank, one of the leading private banks in the country, as the Executive Vice President in charge of Treasury and Financial Institutions. At this position, he also undertook administration of international branches and representative offices of Garanti Bank. Between 1994-1996 period, he served as the President and Chief Executive Officer for the change management of Bank Ekspres, then owned by the Group. Following acquisition of Ottoman Bank, the oldest and one of the most respected banks of the country, by the Dogus Group in June 1996, Mr. Acar was appointed as the President and Chief Executive Officer of the Bank. Mr. Acar was appointed Board Member of Volkswagen Doğuş Finance in April 2001, Board Member of vdf Holding in November 2002 and Board Member of vdf Automotive Services in December 2002 and has been serving since. As of April 2000 he serves as a Member of Board and the Executive Committee of Dogus Group and in the meantime as Chairman of Garanti Insurance and Garanti Pension Company and as board member in various institutions of the Group. Mr. Acar was appointed Chairman of the Board of Tansaş in 2001 where he served until 2005.

Mr. Acar took his undergraduate degree from the Academy of Economics and Commercial Sciences in Ankara. Later on, he received his MS degree in Banking and Insurance from the same university. Between the years of 1985-1986, he attained his MA degree in Economics from Vanderbilt University, Nashville, Tennessee, U.S.A.
OK

13 March 2007
VW FSAG started negotiations with LeasePlan Corporation N.V.

We would be glad to announce that Volkswagen Financial Services AG, who is the shareholder of VDF Holding A.S. and its affiliates Vdf Otomotiv Servis and Ticaret A.S, started negotiations with LeasePlan Corporation N.V. (LeasePlan), regarding its 51% stake sale in Vdf Otomotiv Servis and Ticaret A.S.
OK

13 March 2007
DOAS received the highest score in guarantee audit

We would be glad to announce that Dogus Otomotiv (DOAS) received the highest score in guarantee audit among VW AG distributors around the world.

VW AG conducted a guarantee audit in DOAS in between the dates September 24th and 29th of 2006. In this process, VW AG audited whether the practices implemented by DOAS for the years 2004 and 2006 complied with guarantee procedures and guidelines set by VW AG.

The audit included the following topics: Guarantee requests and evaluation, guarantee audit of dealers conducted by DOAS, spare parts and labor pricing, control and inspection of replacement parts, goodwill guarantee expenses and control of guarantee expenses. According to the independent audit results, DOAS received 845 points showing a "B++" rating, which is the highest score among VW AG distributors around the world. As of VW AG procedures, "A"rating will only be given for the performance of 900 points and above, but until now, non of the distributors other than DOAS received point above 800.
OK

13 March 2007
DOAS signed a letter of intent with Bentley

We would be glad to inform you that Dogus Otomotiv signed a letter of intent with Bentley Motors Limited, the authentic British motor company dedicated to the design, engineering and masterpiece of the world's most respected high performance cars, as of August 7th to be the distributor of the brand in Turkey.

With a letter of intent, Dogus Otomotiv will be providing marketing, sales and after-sales services of Bentley brand in Turkey.
OK

13 March 2007
DOAS signed letter of intent with VW Commercial Vehicles

We would be glad to announce that Dogus Otomotiv (DOAS) has signed a letter of intent with Volkswagen Commercial Vehicles regarding distribution, sales and after-sales for Volkswagen Commercial Vehicles in the market territory of Egypt. It is in line with the regional growth strategy of DOAS.
Due to the successful operation of DOAS in all automotive value chain activities in Turkey, Volkswagen has decided to extend its collaboration with DOAS to Egypt. This project is an important part of DOAS's future growth strategy with Volkswagen AG in the global markets.
This agreement will include sales and after-sales services for Caddy, Transporter and VOLT models with establishment of sales and service centers in Cairo, Alexandria, and Sharm El Sheikh.
Egyptian automotive market is known to be one of the most promising markets in North Africa with a total car park size of 3 million and the vehicle ownership rate of 40 per thousand people. In 2005, new passenger and commercial vehicle sales have reached to 120 thousand units, and are expected to grow up to 200 thousand in the forthcoming years.
DOAS will start its new operation in Egypt in the 1st Quarter of 2007.
OK

12 December 2006
Change in DOAS market stock

As of December 12th, 2006 Dogus Insaat sold %12 of its DOAS shares to Dogus Holding. The shares involved in the sourcing transaction are over-the-counter stock and Dogus Holding increased its shares from 29,96% to 41,96%. As this sales operation is within the group, no change in management of DOAS is predicted.
OK

04 December 2006
Rise in Paid-in Capital of Katalonya

On December 4th, 2006 Dogus Otomotiv took over the remaining 50% shares of Yuce Auto in Katalonya A.S. By March15th, the paid-in capital of Katalonya A.S. ascended from 1.000.000 YTL by 19.000.000 YTL to 20.000.000 YTL.
OK

27 November 2006
Letter of intent with Lamborghini S.p.A

We would be glad to inform you that Dogus Otomotiv signed a letter of intent with Lamborghini S.p.A (AUTOMOBILI LAMBORGHINI SPA), as of November 27th to be the distributor of the brand in Turkey.

With a letter of intent, two parties will start the negotiation in order to finalize an agreement through which Dogus Otomotiv will become the direct dealership of the brand in Turkey, so that Dogus Otomotiv will be providing marketing, sales and after-sales services of Lamborghini brand in Turkey.
OK

04 October 2006
DOAS signed a letter of intent with Meiller

We would be glad to inform you that Dogus Otomotiv signed a letter of intent with Meiller Fahzeug&Maschinenfabrik - GMBH&Co KG to be the 'Exclusive Main Dealer' and the 'Distributor' of Meiller tippers and semi-trailer tippers in Turkey, as of October 4th, 2006.With this letter of intent, Dogus Otomotiv will be providing marketing, sales and after-sales services of Meiller trucks, tip lorry and semi-trailer tractor in Turkey.
OK

02 October 2006
DOAS signed a letter of intent with Volkswagen

We would be glad to inform you that Dogus Otomotiv signed a letter of intent with Volkswagen Aktiengesellschaft to be the 'Exclusive Main Dealer' and the 'Distributor' of Volkswagen Marine Engines in Turkey.With this letter of intent, Dogus Otomotiv will be providing marketing, sales and after-sales services of Volkswagen Marine Engines in Turkey.
OK

04 July 2006
Krone and DOAS signed letter of intent

We would be glad to inform you that world-famous trailer manufacturer Krone and Doğuş Otomotiv sign the letter of intent.

A letter of intent pertaining to commencing negotiations in order to go for cooperation between Doğuş Otomotiv and Bernard Krone Holding GmbH & Co. KG regarding the manufacture of Krone brand trailers and agricultural machinery equipment in Turkey was signed.

The letter of intent was signed by Dr.Bernard Krone on behalf of the Krone brand and Mr. Aclan Acar on behalf of Doğuş Otomotiv.

As the new transportation law takes effect within the EU adaptation process, the commercial trailers conforming EU standards will be preferred in Turkey and it was an important step at this stage to start for the manufacturing of commercial trailers and agricultural machinery equipment in Turkey.

Krone and Doğuş Otomotiv synergy dates back to the year 2003, when Doğuş Otomotiv undertook the distributorship of Krone brand trailers. Having acquired a market share of 15% in Turkey by the end of May 2006, Krone has totally 13 authorized dealers. Increasing its sales by 112% in 2005 to reach a sales figure of 402 units, Krone has achieved a total car park of 1200 units and a sales figure of 395 units as end of June 2006.

Krone's History:
- Establishment : 1906 / Germany
- In 1930, manufacture of agricultural machinery was begun.
- In 1971, Commercial Trailer manufacturing was started.
- It has distribution operations in 35 countries.
- In 2000, refrigerated trailer manufacturing was begun in Denmark.
- Production is being carried out in 3 factories in Germany and 1 in Denmark, which in total make 4 production plants with total area of 180.000 m².
- In 2005, 25.000 units of trailers were manufactured.
- With its 2300 employees, it is the pioneering brand in the sector and has the leading position with its advanced technology.
- It is one of the two biggest trailer producers in Europe.
OK

21 June 2006
DOAS receives 350 million € syndication loan

We would be glad to inform you that Dogus Otomotiv Servis ve Ticaret A.Ş. ("Dogus Otomotiv") and Katalonya Oto Servis ve Ticaret A.Ş. ("Dogus Otomotiv Group"), which are both Dogus Group companies, have received 350 million € non-cash, 3 year terms syndicated loan from Societe Generale Bank.

Societe Generale Bank has demonstrated its trust both in DOAS and in Turkey by extending the term and decreasing the interest.

The letters of guarantee for the syndication transaction organized by Societe Generale Corporate & Investment Banking was announced as 250 million € to the market and the facility was increased to 350 million € due to the high demand. The facility signed on June 21, 2006, was arranged under the leadership of Societe Generale Corporate & Investment Banking as the fronting bank, where Fortis Bank, ABN Amro Bank, Deutsche Bank, Standard Chartered Bank participated as - Mandate Lead Arrangers – and 21 national and international banks attended as participating banks.

The letters of guarantee, which will be regulated within the scope of this syndication transaction, will then be used in payments pertaining to the vehicles, spare parts and accessories purchased by Dogus Otomotiv Group's Volkswagen A.G. and other related brands namely, Audi and Seat.

The mentioned syndication facility has contributed to Dogus Otomotiv Group in strengthening its name both in domestic and in international capital markets. Another success of the facility is Dogus Otomotiv Group is reducing its general financial expenses and increasing the syndication term, which previously was 1 year to 3 years. In addition to confidence, the facility has increased the trust shown by international banks.
OK