TAV IT

audıtors’ report
To the Ordinary General Assembly of TAV Airports Holding Co.
Title : TAV Airports Holding Co.
Headquarters : İstanbul
Capital : YTL 242,187,500 (as of December 21, 2008)
Area of Operation : Airports, Investment and Operation Activities regarding Airport
Terminal Construction and Operation, participation in companies
engaged in such activities and provision of management and
financing services.
Name and Duration of Duty of the Auditors, : Önder Sezgi, Oktay Uğur and Belgin Berker.
Partnership or Duties in the Company
Our duration of duty is two years. We are not partners of the
Company. We have no duties in the Company.
Number of Board of Directors Meetings : The Auditors held six Audit Board Meetings.
Attended and Audit Board Meetings held
The Scope of the Examination Performed on : We performed examinations and audits during the first weeks
the Company Accounts, Books and Documents,
of the 3rd, 6th, 9th and 12th months, in accordance with Tax
Dates of such Examinations, and Conclusion Reached Laws and the Turkish Commercial Code. We have not encountered
any issue to critique.
Number and Conclusions of the Counts Performed : Inventory counts were performed and count reports were
in the Company’s Treasury Pursuant to Article 353 created during the audit; as a result of the counts, we determined
Section 1.3 of the Turkish Commercial Code
that actual inventories agree with the records.
Number and Dates of the Audits : As a result of the examinations we performed on the
Pursuant to Article 353, Section 1.4 of the
first day of each month, we determined that
Turkish Commercial Code
securities present agree with the records.
Complaints and Frauds Submitted and : No complaint was submitted to the auditors.
Transactions Performed in Response
We have audited the transactions and accounts of TAV Airports Holding Co. for the fiscal year from January 1, 2008, to
December 31, 2008, in accordance with the Turkish Commercial Code, the Company’s Articles of Association, other laws and
applicable legislation and generally accepted Accounting Principles and Standards.
In our opinion, the balance-sheet prepared as of December 31, 2008 factually and accurately reflects the Company’s true
financial position as of this date; and the income statement prepared for the period from January 1, 2008, to December 31,
2008 factually and accurately reflects the Company’s operations results for this period; the profit allocation proposal is in
accord with the laws and the Company’s Articles of Association.
We recommend the approval of the balance-sheet and the income statement and discharge of the Board of Directors.
AUDIT COMMITTEE
Önder Sezgi Oktay Uğur Belgin Berker