«DURAK HAZELNUTS» PRESENTATION

«DURAK HAZELNUTS» PRESENTATION

PRODUCT RANGE CAPACITIES p.a. HAZELNUT KERNELS RAW : 80.000 MT ------------------------------------------------- ROASTINGCAPACITY : 30.000 MT, out of which: ROASTED WHOLE : 25.000 MT ROASTED DICED : 8.000 MT PASTE : 10.000 MT

MILESTONES 1960 Mr Mehmet Ali DURAK establishes the DURAK hazelnut company with his brother and opens the first cracking plant in Unye/Ordu. 1969 First direct exports to Germany. 1979Mr Mehmet Ali Durak deceases. His son Mr Hasan Basri Durak takes the lead of the 100% family company. 1991 The second hazelnut cracking plant is established in Terme/Samsun. Production of Organic Raw Hazelnuts (as a contractor). 2001 The third hazelnut cracking plant in Hendek/Sakarya has been established, to increase the product assortment by producing Akcakoca variety hazelnuts. 2004 ISO 9001:2000 Quality Certificate has been received.

MILESTONES 2006The hazelnut processing plant of Cargill -one of the pioneer firms in the international food sector- in Hendek/Sakarya has been purchased and high quality processed hazelnuts has been added to the product range. Renovations (cost: US$ 3.000.000,-): -Cold Storage (2500 mt) - Complete insulation of the Processing Plant and warehouses - 2nd Paste Production line - 1 New Laser Sorter (Processing Plant) - 4 New Laser Sorters (Cracking Plants) - Temperature control at the palletizing area - Complete closure of the loading area - Complete overhaul of the external areas 2007 The ISO 22000: 2005 (Food Safety Management System Standard) HACCP certification has been obtained(tüv RHEINLAND). 2008 The BRC A Grade certification has been obtained (TÜV RHEINLAND). Production of Organic Raw & Roasted Hazelnuts (own project, 1200 mt).

MILESTONES 2010According to the Istanbul Chamber of Industry, Durak became with a turnover of TL 201.032.021,-(US$ 134.000.000,-) in 2010, the 2nd largest Hazelnut company and 295th largest company in Turkey. 2010New 2400 m 2 State of the Art Sorting Hall and intermediate storage area at the Cracking Plant in Hendek. (cost: US$ 3.000.000,-) - 2 Sorting Lines (130-150 mt/day) * 2 De-Stoners * 4 SEA Sound Resonance Sorters * 4 Laser Sorters * 2 Manual Sorting Table Additional renovations at the Processing Plant: (cost: US$ 1.000.000,-) -3rd Laser Sorter -3rd Skin Remover - Complete New SS Sorting Tables - Complete New Product Elevators

MILESTONES ONE OF THE TWO SORTING LINES FOR RAW HAZELNUTS (2010):

MILESTONES 2011 The cracking and storage capacity of the Terme Cracking plant has been increased 35%. 2011AccordingtotheIstanbul Chamberof Industry, Durak becamewitha turnover of TL 364.891.188,-(US$ 208.509.250,-) in 2011, the 2nd largest Hazelnut company and 211th largest company in Turkey. 2012 ISO 14001 Environmental Management Cert. (TÜV RHEINLAND) has been obtained. 2012 A second roasting(incl. dicing) line, which has doubled the whole roasted hazelnut production capacity, has been built. (cost: US$ 10.000.000,-). 2012AccordingtotheIstanbul Chamberof Industry, Durak is witha turnover of TL 347.107.712,-(US$ 198.347.264,-) in 2012 still the 2nd largest Hazelnut company and 242nd largest company in Turkey.

MILESTONES 2ND ROASTING LINE (2012):

MILESTONES 2013 A third paste production line has been built. 2013 The storage capacity at the Processing Plant will be extended by 6000 m2, outof which1600 m2willbe cooledstorage, whichwillcovera total of an additional 3000 mt. 2013A thirdroastinglinehas beenbuilt. 2013TheÜnye Fiskobirlik CrackingPlant(21.000 m2, 10.000 m2closedarea, 15.000 mt storage) has been purchased and completely renewed. 2013AccordingtotheIstanbul Chamberof Industry, Durak is witha turnover of TL 421.861.185,-(US$ 220.869.730,-) in 2013 still the 2nd largest Hazelnut company and 204th largest company in Turkey. 2014 The 2014 turnover has reached TL 615.246.000,- (US$ 280.000.000,-), outof whichtheexportsamountis US$ 153.865.279,-. 2015 Inordertokeepupwiththeincreaseddemand, a 4thcrackingplant has been bought and renovated in Hendek, the Akcakoca region.

LOCATIONS & CAPACITIES CRACKING PLANT 1 TERME/SAMSUN (1991) Production Capacity: Storage: 20.000 MT 10.000 MT CRACKING PLANT 2 HENDEK (2001) Production Capacity: 20.000 MT Storage: 10.000 MT

LOCATIONS & CAPACITIES CRACKING PLANT 3 ÜNYE/ORDU (2013) Production Capacity: 20.000 MT Storage: 15.000 MT CRACKING PLANT 4 HENDEK (2015) Production Capacity: 20.000 MT Storage: 2.000 MT

LOCATIONS & CAPACITIES PROCESSING PLANT - HENDEK (2006) Production Capacities: ROASTING TOTAL: 30.000 MT, outof which: - Whole Roasted: 25.000 MT - Diced Roasted: 8.000 MT - Paste: 10.000 MT Storage: 10.000 MT (Cooled Storage: 4.000 MT) TOTAL AREAS OF OUR 5 PLANTS: TOTAL AREA: 135.000 M2 TOTAL CLOSED AREA: 55.000 M2

DURAK LOCATIONS «Western Blacksea (AKCAKOCA)» «Eastern Blacksea - (LEVANT-GIRESUN)» o Akcakoca o Giresun Turkey produces around 75% of the world s hazelnut supply 40% of the Turkish hazelnuts grow in the Western Blacksea Region (Akcakoca) and 60% in the Eastern Blacksea region (Samsun-Trabzon)

TOTAL FIGURES PRODUCTION CAPACITY RAW: 80.000 MT (kernels) (TURKEY S TOTAL: 200.000 400.000 MT) PRODUCTION CAPACITY ROASTED: 30.000 MT STORAGE: 37.000 MT IN-SHELL + 10.000 MT KERNELS (4.000 MT COOLED) EMPLOYEES: 968 Turnover2016: USD 200.000.000,-

SALES DISTRIBUTION OF SALES 2016 TOTAL SALES: USD 200.000.000,- (57%) (43%) EXPORTS DOMESTIC USD 114.724.000,- USD 85.276.000,- COUNTRY KG SHARE GERMANY 4.504.045,00 36,91% AUSTRIA 1.229.550,00 10,08% SWITZERLAND 1.106.000,00 9,06% BELGIUM 784.570,00 6,43% RUSSIA 523.000,00 4,29% ITALY 491.320,00 4,03% SPAIN 523.760,00 4,29% POLAND 362.620,00 2,97% SWEDEN 398.400,00 3,27% GREECE 289.830,00 2,38% BULGARIA 240.000,00 1,97% UK 226.500,00 1,86% HOLLAND 200.000,00 1,64% LITHUANIA 174.000,00 1,43% UKRAINE 186.300,00 1,53% CZECH REP. 158.240,00 1,30% FINLAND 160.000,00 1,31% FRANCE 153.600,00 1,26% NORWAY 103.000,00 0,84% S. AFRICA 107.600,00 0,88% SLOVAKIA 110.060,00 0,90% SERBIA 100.880,00 0,83% EGYPT 52.500,00 0,43% EL SALVADOR 12.210,00 0,10% PORTUGAL 2.700,00 0,02% SAUDI ARABIA 750,00 0,01% TOTAL 12.201.435

ANNUAL RESULTS PRODUCTION (MT) INCREASE (PROCESSED) Turnover US$ RAW PROCESSED 2006 100.000.000,00 25.000 2.681 (6 MONTHS) 2007 135.000.000,00 25.000 6.403 +139% 2008 115.000.000,00 25.000 7.306 +14% 2009 110.000.000,00 25.000 8.027 +10% 2010 134.000.000,00 30.000 10.707 +33% 2011 208.509.250,00 30.000 13.104 +22% 2012 198.347.264,00 30.000 14.334 +9% 2013 220.869.730,00 30.000 16.000 +12% 2014 280.000.000,00 30.000 18.288 +14% 2015 345.000.000,00 30.000 18.500 +1% 2016 200.000.000,00 27.000 12.245-34%

BENCHMARK TOP 5 HAZELNUT COMPANIES (2015 Turkey s Top 500, Istanbul Chamber of Industry) *The 2016 results will be published in June 2017 TURNOVER TL US$ 1 -?(Undisclosed)?(Undisclosed) 2-1.101.879.116,00 403.988.676,81 3 DURAK 889.814.058,00 345.000.000,00 4-739.848.451,00 271.255.160,77 5-497.741.789,00 182.490.115,12

QUALITY CERTIFICATES