SUBSIDIARIES ‹SDEM‹R (92,91%) <strong>ERDEM‹R</strong> MADEN (90%) ERENCO (100%) ÇELBOR (100%) <strong>ERDEM‹R</strong> ÇEL‹K SERV‹S MERKEZ‹ (100%) <strong>ERDEM‹R</strong> ROMANIA S.R.L (100%) <strong>ERDEM‹R</strong> LOJ‹ST‹K (100%) <strong>ERDEM‹R</strong> GAZ (100%) AFFILIATES ARCELORMITTAL AMBALAJ ÇEL‹⁄‹ SAN. ve T‹C. A.fi. (25%) BORÇEL‹K SAN. ve T‹C. A.fi. (8,92%) 10
11 <strong>ERDEM‹R</strong> Owner and operator of Erdemir Group’s Ere¤li facilities, Erdemir is Turkey's largest iron and steel company and the country's only integrated producer of flat steel products. Erdemir started production in 1965 and currently has a production capacity of over 3 million tons of crude steel per year and over 5 million tons per year of flat steel products. Erdemir produces heavy plates, hot and cold rolled coils, as well as tin, chrome and zinc coated flat steel products in accordance with established international quality standards. We are at the forefront of innovation and new product developments in Turkish industry. Our products are used in a wide variety of industries including construction, pipe production, automotive, shipbuilding, durable goods, agricultural machinery, pressure vessels, and metal packaging. Committed to growth, Erdemir has expanded rapidly in recent years through acquisitions both at home and abroad, as well as through establishing new plants. Erdemir Group of Companies currently consist of: ‹skenderun Demir ve Çelik A.fi. (‹SDEM‹R), Erdemir Madencilik San. ve Tic. A.fi. (Erdemir Maden), Erdemir Çelik Servis Merkezi San. ve Tic. A.fi. (Erdemir Çelik Servis Merkezi), Erdemir Mühendislik Yönetim ve Dan›flmanl›k Hizmetleri A.fi. (ERENCO), Erdemir Romania S.R.L., Çelik Çekme Boru San. ve Tic. A.fi. (ÇELBOR), Erdemir Lojistik A.fi. (Erdemir Lojistik) and Erdemir Gaz San. ve Tic. A.fi. (Erdemir Gaz). Erdemir’s majority is owned by Ataer Holding A.fi., which is in turn wholly owned by Turkey's <strong>OYAK</strong> Group. Erdemir's current shareholding structure is as follows; - 49,29% - ATAER Holding A.fi. - 3,08% - Treasury Shares - 47,63% - Free float on Istanbul Stock Exchange (ISE) ‹SDEM‹R Owner and operator of Erdemir Group’s ‹skenderun facilities,Turkey's second largest steel producer, Iskenderun Demir ve Çelik A.fi. (‹sdemir) was transferred to Erdemir Group on February 1, 2002. The following year Erdemir Group initiated a comprehensive investment program aimed at modernizing existing facilities and adding new capacity to enable ‹sdemir expand its product portfolio to include flat steel products thereby better meeting the needs of local and regional markets. As the current investment program is expected to be completed by the end of 2008, ‹sdemir will have a production capacity of 3,5 million tons of flat steel products per year in addition to its existing capacity of 2,5 million tons per year of billet and wire rod. <strong>ERDEM‹R</strong> MADEN Erdemir Group’s mining subsidiary, Erdemir Maden holds licenses of 14 iron ore fields and one manganese ore field in the northern Turkish province of Sivas Divri¤i. Operating the only pelletizing plant in Turkey, Erdemir Maden produces 50% of domestic ore output, and meets 20% of domestic iron ore demand.
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