Ata Holding
  Chairman's Statement
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 Emirhan cd. 145/A 34349 Atakule  Balmumcu İstanbul

   Tel: +90(212) 310 64 01
   Fax: +90(212) 310 64 10
Our progress is due to the skills of our managers and staff, who are competent both as service providers and planners. We put a great deal of effort into developing and training our people. The success of any organization depends almost entirely on understanding the complexities of the prevailing market and the needs of the clientel. Year by year, we haveendeavored to improve our organization by meticulously analyzing the market conditions in Turkey, listening to our customers and acting on the results of these analyses. This philosophy has enabled us to make sound investment decisions. Keeping up with current standards, we are constantly on the lookout for ways to incorporate the latest technology and methodology into all phases of our operations. Coupling wise decision-making, modernization and a highly-competent staff, we are able to offer our customers the best service available anywhere.
 
While past achievements of Group companies are numerous, some stand out and must be presented here. As one of the largest construction projects in the world, the construction of the Atatürk Dam and Hydroelectric Power Plant ranks highest in the achievements of the Ata Group thus far. The Atatürk Dam is the key to the Southeastern Anatolian Project (GAP).
 
Responding to market demand, in 1994, we became the exclusive representative for Burger King of the USA here in Turkey. This giant fast-food corporation has footholds in 56 countries around the world. In 1998, we received an award from the Chairman of Burger King honoring our position in the "Fastest Growth" category from among participating 1,500 franchise networks all globally.
 
When Erhan and Korhan returned to Turkey, they brought with them new understanding and expertise that have broadened the knowledge-base of the Group. Other family members have established several companies within the Group, again under our blanket policy of coordinating customer needs with the complexities of the prevailing market.
 
In all the markets we have entered thus far, we have been determined to lead in that chosen sector. This determination calls for innovation plus the introduction and constant utilization of new technology. All Group companies are geared toward adopting and incorporating the latest technology, as it becomes available. Our various businesses are constantly introducing new product ranges and new approaches to customer service. Innovation remains a priority as we seek to set new standards in value, choice, service and improvements offered to our customers.
 
Our progress is due to the skills of our managers and staff, who are competent both as service providers and planners. We put a great deal of effort into developing and training our people. The Group has always enjoyed progress in creating a successful combination of senior staff members with common values and skills that possess the capability to stimulate new ideas across the Group. Consequently, the excellent performance from our business operations year after year, is the result of getting the basics right, focusing on attractive growth markets and applying a steady, consistent strategy.
 
An overview of the Group shows the logical progression of our operations. We are prepared for large scale construction projects. We have been able to access raw materials from outsources while providing protection for resources within Turkey and have created jobs for the Turkish labor market. Our efforts in the financial market have borne fruit as both a marketer and user. Strength in finance, construction, services and planning are some of the benefits that we offer to the Turkish economy and to the people of this country.
 
As the Group approaches the new millennium, we are not resting on our past achievements. New goals have been set that maintain these targets in appropriate ranges of feasibility. Yet, the Group is most solidly planted to provide efficient, stable and consistent service on a daily basis, with an eye to tomorrow.
 
The strategies that have helped the Ata Group companies to outperform other market participants will continue to guide our development in the future. Indeed, as the market becomes more competitive and we face the possibility that some of our sectors may not be so buoyant, we gain greater competitive strength from our clear focus on our customers, investments in technology and the strong market positions we have thus far established.
 
On this occasion, I would like to extend my sincerest thanks to all who have contributed to the growing and lasting success of the Ata Group and my best wishes for the continued achievement of our Group companies, our society and our country.