OUR INTEGRATED FACILITIES IN TURKEY

OUR INTEGRATED FACILITIES IN TURKEY DAIRY CATTLE BREEDING FARMS LIVESTOCK SELECTION AND CERTIFICATION FARMS DAIRY FARMING TRAINING CENTER FEED PLANT ENERGY AND FERTILIZER FEED PLANT DAIRY CATTLE BREEDING FARMS DAIRY CATTLE BREEDING FARMS MILK AND DAIRY PRODUCTION ENERGY AND FERTILIZER APPLIED DAIRY FARMING TRAINING CENTER MILK AND DAIRY PRODUCTION DAIRY FARMING TRAINING CENTER SÜTAŞ KARACABEY INTEGRATED FACILITIES SÜTAŞ AKSARAY INTEGRATED FACILITIES ENERGY AND FERTILIZER MILK AND DAIRY PRODUCTION FEED PLANT SÜTAŞ TİRE INTEGRATED FACILITIES

ABOUT SÜTAŞ Sütaş, the leading brand of milk and dairy products in Turkey, has been operating for 43 years. From 1975 onwards, Sütaş has been operating with a focus on milk and dairy products only. Today, the company has a daily milk processing capacity of 3 thousand 700 tons with its three integrated facilities located in Turkey and offers 77 different products to its consumers worldwide. Sütaş is the leading brand of the Turkish dairy sector for 12 consecutive years reaching every eight households out of ten in Turkey. Sütaş employs 4 thousand 700 people directly and tens of thousands of people indirectly, including 27 thousand 500 milk producer families, 1.550 distributors and 700 business partners and ranks 51st in the "Top 500 Industrial Companies" list announced by the Istanbul Chamber of Commerce with 2.6 billion TL revenue. The company was chosen Turkey s Most Liked and Dairy Brand in the Turkey Lovemark 2015 study. Sütaş exports significant volumes to over 25 countries including Japan, Russia, USA, Germany, Austria, UK, UAE, Iraq, Qatar, Egypt and N. Cyprus. Within the scope of overseas investments, Sütaş opened Balkan Dairy Macedonia in 2014, and is planning to open Balkan Dairy Romania in 2018. New projects in various regions are on the way, aimed at making Sütaş a global player in the dairy sector. Sütaş is in full compliance with European Union standards at each stage from animal husbandry and milk collection to the production, distribution and marketing of its dairy products. Sütaş, which ensures the safety and naturalness of products and food safety through its "From Farm to Table" Business Model, manages and audits the whole process from grass that cows eat to dairy products that reach tables. OUR MISSION In order to provide natural and delicious dairy products that improve people s quality of life and bring them health and happiness, we manage and develop the dairy value chain From Farm to Table - and the resources entrusted to us in the most efficient way, with the passion of spreading the goodness and abundance of milk. Sütaş Headquarter Dudullu Organize Sanayi 1. Cadde No:21 34776 Ümraniye İSTANBUL TÜRKİYE www.sutas.com e-mail: export@sutas.com.tr Tel: 0 216 572 30 50 (pbx) Fax: 0 216 577 03 64

ABOUT SÜTAŞ FROM FARM TO TABLE BUSINESS MODEL Sütaş operates with an integrated business model From Farm to Table that ensures the safety and naturalness of products and food safety. Within the context of this model, in addition to dairy production at every region it invests in, Sütaş does plant production and establishes feed plants, dairy cattle breeding farms, livestock selection and certification centers, applied dairy farming training centers, recycling, energy and organomineral fertilizer facilities. CRAFTSMANSHIP AND EXPERTISE Dairy business requires both craftsmanship and expertise. Producing naturally tasty dairy products is a mastery, however delivering these natural products to millions of tables in a healthy and fresh manner, requires expertise. At Sütaş, we use international quality management standards at every stage, from procurement and production to packaging and delivery to ensure the food safety of our products. We monitor each and every stage of the production both in real-time and retrospectively. Our expertise in milk provides the competency to produce new dairy products pleasing the palate of young generations and suitable to the conditions of modern life. We have been an innovative force in the milk and dairy products sector since the day we started. Sütaş has pioneered the production of packaged ayran, churned butter, baby yoghurt, tubed fruit yoghurt for children, UF white cheese and many other products in Turkey. One of our objectives is to offer new flavours so that people can benefit more from dairy products. CORPORATE GOVERNANCE Corporate Governance Principles form the basis for our values and priority-setting, our processes and procedures, the powers and responsibilities of managers and the rights of our stakeholders. We stand by the principles of fairness, transparency, accountability, and responsibility. We cooperate with regulating and auditing bodies to integrate our Corporate Governance Principles to our business conduct. OUR QUALITY POLICY Quality at Sütaş is not only managed during the production process, but in the whole of the supply and distribution chain, as required by a valuable and fragile food like milk. Sütaş continuously provides free trainings for students and for dairy farmers for efficient production of higher quality milk. Sütaş s perspective is to process the milk in the most hygienic conditions while maintaining its nature as it is, to produce naturally tasty dairy products and to deliver them to tables in the most healthy and convenient packaging, without breaking the cold chain.

ABOUT SÜTAŞ OUR FOOD SAFETY POLICY At Sütaş, we stay up to date with scientific and technological developments and follow the latest trends. We monitor and review new and changing legislation. Our purpose is to offer "safe food" to our customers and consumers through the implementation of an efficient food safety management in all stages of product realization process and ensure its sustainability with continuous improvement. We procure the highest quality milk, produce in compliance with the highest hygienic standards and use the most advanced production technology to produce the most natural and tasty products. In full compliance with the Veterinary Services, Plant Health, Food and Feed Law No. 5996, Sütaş monitors and audits all the steps with its unique, integrated business model "From Farm to Table." OUR CERTIFICATIONS ISO 9001 Quality Management System: This system helps to continually monitor and manage quality across all operations, and outlines ways to achieve, as well as benchmark, consistent performance and service. It provides a framework and set of principles that ensure a common-sense approach to the management of the organization to consistently satisfy customers and other stakeholders. FSSC 22000 Food Safety Management System: The FSSC System is designed to provide with an ISO based FSMS certification that is recognized by the Global Food Safety Initiative (GFSI). The FSSC 22000 system uses a management systems approach to food safety, employing ISO 22000 for the management system requirements and ISO Technical Standards for program prerequisites. ISO 14001 Environment Management System: ISO 14001 is a standard designed to help businesses remain commercially successful without overlooking environmental responsibilities and impacts. It also helps to grow sustainably while reducing the environmental impact of this growth. ISO 50001 Energy Management System: The main objective of the standard is to improve energy-related performance and energy efficiency continuously and to identify energy reduction opportunities. OHSAS 18001 Operational Health and Safety System: This standard helps to put in place the policies, procedures and controls needed for the organization to achieve the best possible working conditions, aligned to internationally recognize best practice. It exists to help put in place demonstrably sound occupational health and safety performance.

TURKISH LABANEH (CREAM CHEESE) s/ 20 g LABANEH 6 months 96 180 TR 8x20 g LABANEH 6 months 12 120 AR 200 g LABANEH 6 months 12 224 AR 400 g LABANEH 6 months 12 120 AR 700 g LABANEH 6 months 12 80 AR 2.750 g LABANEH (BUCKET) 6 months 4 60 AR LABNESINI 6 months 40 144 TR

KASHKAVAL & MOZZARELLA s/ KASHKAVAL (REGULAR) 160 g ROUND KASHKAVAL (8 SLICES) 6 months 9 240 TR 200 g KASHKAVAL 6 months 9 240 TR 225 g KASHKAVAL 6 months 12 240 TR 250 g KASHKAVAL 6 months 12 240 AR 500 g PICNIC KASHKAVAL 6 months 12 120 AR 600 g KASHKAVAL 6 months 6 160 TR 700 g TOAST KASHKAVAL 6 months 6 160 TR 1.000 g TOAST KASHKAVAL 6 months 16 96 AR 2.000 g KASHKAVAL 6 months 10 40 TR 2.000 g PITA KASHKAVAL 6 months 10 40 TR 2.000 g TOAST KASHKAVAL 6 months 10 40 TR KASHKAVAL (SLICED) 60 g SLICED KASHKAVAL 6 months 12 240 TR 250 g SLICED KASHKAVAL 6 months 8 126 TR 500 g SLICED KASHKAVAL 6 months 6 126 TR 1.500 g SLICED TOAST KASHKAVAL 6 months 4 66 TR MOZZARELLA 2 kg SHREDDED MOZARELLA PIZZA CHEESE 3 months 6 54 AR 2 kg SHREDDED CUBE PIZZA CHEESE 3 months 6 54 TR 2 kg BLOCK MOZARELLA CHEESE 3 months 10 40 TR

WHITE CHEESE s/ FRESH WHITE CHEESE 250 g FULL FAT WHITE CHEESE 6 months 12 121 TR 500 g FULL FAT WHITE CHEESE 6 months 12 96 AR 700 g FULL FAT WHITE CHEESE 6 months 8 66 TR 700 g LIGHT WHITE CHEESE 6 months 9 66 TR 1.000 g FULL FAT WHITE CHEESE 6 months 8 66 AR 4.500 g FULL FAT WHITE CHEESE 6 months 2 52 TR 17 kg FULL FAT WHITE CHEESE 9 months 1 60 TR 17 kg PROFESSIONAL PERFORMANCE WHITE CHEESE 6 months 1 60 TR ULTRA FILTRATED WHITE CHEESE (SÜZME) 25 g UF WHITE CHEESE 3 months 96 144 AR 4x25 g UF WHITE CHEESE 3 months 12 231 AR 200 g UF WHITE CHEESE (CUBIC CUT) 4 months 12 144 TR 250 g UF WHITE CHEESE 4 months 12 144 AR 500 g UF WHITE CHEESE 4 months 12 90 AR 1.000 g UF WHITE CHEESE 4 months 6 120 TR 1.000 g UF WHITE CHEESE - SLICEABLE 4 months 6 120 TR 250 g UF GOAT CHEESE 4 months 12 144 TR CLASSICAL WHITE CHEESE 600 g CLASSICAL WHITE CHEESE 9 months 9 66 ENG 600 g CLASSICAL SHEEP CHEESE 9 months 9 66 ENG 600 g CLASSICAL GOAT CHEESE 9 months 9 66 ENG

SPECIALITY CHEESE s/ 250 g STRING CHEESE 3 months 12 240 TR 250 g HALLOUMI CHEESE 6 months 20 224 AR 250 g BRAIDED CHEESE 4 months 12 210 AR 350 g MIHALIC CHEESE 9 months 11 108 TR 350 g AGED KASHKAVAL 9 months 20 120 ENG 400 g CIRCASSIAN CHEESE 6 months 24 66 TR

PROCESSED CHEESE s/ SPREADABLE CHEESE 15x30 g CREAM/BAGEL 6 months 40 144 TR 100 g SPREADABLE CHEESE 6 months 10 210 TR 160 g SPREADABLE CHEESE (CUP) 6 months 6 240 AR 300 g SPREADABLE CHEESE (CUP) 6 months 24 80 TR 300 g SPREADABLE CHEESE (GLASS CUP) 6 months 8 119 TR 400 g SPREADABLE CHEESE (CUP) 6 months 6 224 TR PORTION CHEESE 12,5 g TRIANGLE CHEESE 1 year 160 180 AR 8x12,5 g TRIANGLE CHEESE 1 year 24 198 TR 16x12,5 g TRIANGLE CHEESE 1 year 12 198 AR 24x12,5 g TRIANGLE CHEESE 1 year 12 90 TR 8x15 g TRIANGLE CHEESE 1 year 24 198 AR 36X20 g PORTION SPREADABLE CHEESE 6 months 8 96 TR 96X20 g PORTION SPREADABLE CHEESE 6 months 1 143 TR BURGER CHEESE 110 g BURGER CHEESE 4 months 30 104 TR 110 g SANDWICH CHEESE 4 months 24 144 TR 110 g TOAST CHEESE 4 months 24 144 TR 225 g BURGER CHEESE 4 months 12 105 TR 450 g BURGER CHEESE 4 months 7 105 TR 1.000 g BURGER CHEESE 4 months 5 105 TR

CREAM/KAYMAK s/ 90 g BREAKFAST CREAM (KISHTAD) 90 days 40 152 AR 100 g BREAKFAST CREAM (KISHTAD) 90 days 24 380 AR 150 g CREAM (TURKISH KAYMAK) 50 days 8 378 AR 180 g CREAM (TURKISH KAYMAK) 50 days 8 378 AR 200 ml SPREADABLE CREAM (%26 FAT) 6 months 27 120 TR 200 ml CREAM (%36 FAT) 5 months 27 120 AR 1.000 ml CREAM (%36 FAT) 5 months 12 60 TR

BUTTER s/ PASTEURIZED BUTTER 10 g PORTION BUTTER 6 months 120 180 TR 100 g BUTTER 6 months 63 120 TR 125 g BUTTER 6 months 60 120 AR 200 g BUTTER 6 months 36 120 TR 250 g BUTTER 6 months 30 120 AR 300 g BUTTER 6 months 12 196 TR 750 g BUTTER 6 months 10 120 TR 1.000 g BUTTER 6 months 10 66 TR TRADITIONAL BUTTER 250 g TRADITIONAL BUTTER (Bowl) 3 months 13 72 AR 500 g TRADITIONAL BUTTER (Bowl) 3 months 8 80 AR

UHT MILK s/ UHT MILK (PLAIN) 200 ml FULL FAT UHT MILK 6 months 27 135 AR 200 ml HALF FAT UHT MILK 6 months 27 135 TR 200 ml SKIMMED UHT MILK 6 months 27 135 TR 500 ml UHT MILK - FULL FAT 6 months 24 70 AR 1000 ml FULL FAT UHT MILK 6 months 12 60 AR 1000 ml HALF FAT UHT MILK 6 months 12 60 AR 1000 ml SKIMMED UHT MILK 6 months 12 60 TR 200 ml LACTOSE-FREE UHT MILK 5 months 27 135 TR 500 ml LACTOSE-FREE UHT MILK 5 months 24 70 TR 1000 ml LACTOSE-FREE UHT MILK 5 months 12 60 TR 10 L FULL FAT UHT MILK 3 months 1 60 TR 10 L HALF FAT UHT MILK 3 months 1 60 TR 200 ml CHILD FOLLOW-ON MILK 4 months 27 135 TR UHT MILK (FRUIT / FLAVORED) 200 ml CHOCOLATE UHT MILK 6 months 27 135 AR 200 ml BANANA UHT MILK 6 months 27 135 AR 200 ml STRAWBERRY UHT MILK 6 months 27 135 AR * 180 ml varieties for flavored milk may be available periodically.

READY TO EAT FRESH PUDDING Sütaş Tatlımmm s/ 4x60 g TATLIMMM CHOCOLATE-STRAWBERRY PUDDING 86 days 12 171 AR 4x60 g TATLIMMM CHOCOLATE-MILK PUDDING 86 days 12 171 AR 4x60 g TATLIMMM BANANA PUDDING 86 days 12 132 AR 4x60 g TATLIMMM CHOCOLATE PUDDING 86 days 12 132 AR 4x90 g TATLIMMM BITTER PUDDING 86 days 6 140 TR 4x100 g TATLIMMM CHOCOLATE PUDDING 86 days 6 140 TR 4x100 g TATLIMMM BANANA PUDDING 86 days 6 140 TR

TRADITIONAL & SPECIAL YOGURTS s/ TRADITIONAL YOGHURTS 4x125 g HOMOGENIZED YOGHURT 31 days 6 135 TR 150 g HOMOGENIZED YOGHURT 31 days 40 99 AR 200 g HOMOGENIZED YOGHURT 31 days 18 99 TR 200 g CREAM ON TOP YOGHURT 31 days 18 99 TR 200 g YOGHURT- GLASS BOWL 31 days 10 126 AR 500 g HOMOGENIZED YOGHURT - BOWL 31 days 9 66 TR 650 g HOMOGENIZED YOGHURT - BOWL 31 days 9 50 TR 650 g HALF FAT YOGHURT - BOWL 31 days 9 50 TR 750 g CREAM ON TOP YOGHURT - BOWL 31 days 5 66 AR 750 g YOGHURT - GLASS BOWL 31 days 10 80 AR 1.000 g HOMOGENIZED YOGHURT - BOWL 31 days 10 60 TR 1.000 g CREAM ON TOP YOGHURT 31 days 10 60 TR 1.000 g PAN YOGHURT 31 days 12 72 AR 1.500 g HOMOGENIZED YOGHURT 31 days 5 72 TR 1.500 g PAN YOGHURT 31 days 12 72 TR 1.750 g CREAM ON TOP YOGHURT - BUCKET 31 days 4 72 TR 2.000 g HOMOGENIZED YOGHURT - BUCKET 31 days 4 72 TR 2.250 g HOMOGENIZED YOGHURT 31 days 4 32 TR 5 kg HOMOGENIZED HALF FAT YOGHURT - BUCKET 31 days 1 60 TR 10 kg HOMOGENIZED HALF FAT YOGHURT - BUCKET 31 days 1 48 TR 10 kg HOMOGENIZED YOGHURT - BUCKET 31 days 1 48 TR SPECIAL YOGHURTS 250 g STRAINED YOGHURT WITH GARLIC AND DILL 33 days 8 266 TR 500 g CACIK 33 days 16 96 AR 500 g YOGHURT WITH GARLIC 33 days 16 96 TR 750 g STRAINED YOGHURT 33 days 8 66 TR

FRUIT YOGURTS & PROBIOTIC YOGURTS s/ FRUIT YOGHURTS 4x115 g FRUIT YOGHURT STRAWBERRY 33 days 6 180 AR 4x115 g FRUIT YOGHURT FOREST FRUITS 33 days 6 180 AR 4x115 g FRUIT YOGHURT PEACH+APRICOT 33 days 6 180 AR 500 g FRUIT YOGHURT STRAWBERRY 33 days 16 96 TR 500 g FRUIT YOGHURT FOREST FRUITS 33 days 16 96 TR YOVITA - PROBIOTIC YOGHURTS 4x100 g YOVITA PLAIN 40 days 6 180 TR

KIDS PRODUCTS / Minimix, Büyümix, Hüptrik, Babymix s/ HÜPTRİK 5x33 g HUPTRIK YOGHURT STRAWBERRY 33 days 32 120 TR MINIMIX 2x90 g STRAWBERRY-FOREST FRUIT MINIMIX 40 days 36 60 TR 2x90 g STRAWBERRY MINIMIX 40 days 36 60 TR 2x90 g BANANA MINIMIX 40 days 36 60 TR BUYUMIX 6x45 g BÜYÜMIX STRAWBERRY 40 days 16 120 TR 6x45 g BÜYÜMİX MILK-BISCUIT 40 days 16 120 TR 6x45 g BÜYÜMIX BANANA 40 days 16 120 TR 6x45 g BÜYÜMİX FOREST FRUIT 40 days 16 120 TR BABYMIX / BABY YOGHURT 4x100 g BABYMIX PLAIN (TODDLER FOOD) 33 days 6 180 TR

AYRAN s/ 175 ml AYRAN 31 days 40 40 TR 200 ml AYRAN 31 days 40 40 AR 225 ml AYRAN 31 days 40 40 TR 250 ml YOUNG BOTTLE AYRAN 31 days 49 60 AR 300 ml AYRAN (GLASS BOTTLE) 31 days 36 35 TR 300 ml AYRAN 31 days 24 40 TR 1 L AYRAN 31 days 6 132 AR 2 L AYRAN 31 days 6 40 AR

INDUSTRIAL PRODUCTS s/ 25 kg WHEY POWDER 1 Year 1 40 TR 25 kg DEMINERALIZED WHEY POWDER 1 Year 1 40 TR 25 kg MILK POWDER 1 Year 1 40 TR 25 kg SKIMMED MILK POWDER 1 Year 1 40 TR 25 kg BUTTER (-18) 1 Year 1 28 TR

IT IS VERY THAT WE MAKE A DIFFERENCE WITH OUR "FROM FARM TO TABLE" BUSINESS MODEL AGE FOR FR EE 27.500 20.000 30.000 5 farms, 12.000 dairy cattle dairy farmers students, farmers and training for 45 thous 0 and tons of AGE FOR compo annual un produc d feed tion AGE FOR visitors GE RA FO Forag e pro 15 th duction in decareo u s a n d s of lan d of raw milk milk 2.000 tons Safety approved for production by 9.000 tests daily ints les po 00 sa 150.0 900 million litres annually 1.550 distribution vehicles 77 different products 89% d: r nee of ou W-h 17,1leM y ctricit e ction produ Sütaş products are definitely in 8 of every 10 households