OYAK ERDEM‹R - ERDEMİR

TRY 679 million net profit recorded during 2007 reflects the fruits of our efforts, as we
embrace the future with continued investments, and dynamically shift our operations,
business processes and policies in line with our customer’s ever evolving needs.
Our accomplishments were recognized and awarded by the stock market, and Erdemir
Group market capitalization peaked on September 27, 2007, reaching USD 8,3 billion.
We are aware that competitive advantage is made possible by not only actively managing
for the bottomline by focusing on profitability and productivity, but also emphasizing on
meeting customer and employee satisfaction, as well as striving for higher product and
service quality. We are also aware that success can be sustained by channeling our resources
toward achieving the common goals that are established upon a well defined business
strategy, and by adapting to changes rapidly.
I would like to emphasize that we will continue to exhibit stellar performance and create
value for both our stakeholders and the prospects of our country. I extend my thanks to
our shareholders, employees, customers and suppliers who have been accompanying us
in this journey and have been significant contributors to our successes.
Sincerely Yours,
O¤uz ÖZGEN
President and Chief Executive Officer
Board Member
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