Participation Portfolio

Subsidiaries Ownership Interest Principal Activity
Anadoluhisarı Tankercilik A.Ş. 100% Shipping
Kandilli Tankercilik A.Ş. 100% Shipping
Kuleli Tankercilik A.Ş. 100% Shipping
Kuzguncuk Tankercilik A.Ş. 100% Shipping
Bebek Shipping S.A. 100% Shipping
Bal Kaynak Su İthalat İhracat Sanayi ve Ticaret A.Ş 100% Water Distribution
Akpa Dayanıklı Tüketim LPG ve Akaryakıt Ürünleri Pazarlama A.Ş. 100% Marketing
Aygaz Doğal Gaz Toptan Satış A.Ş. 100% Natural Gas
Aygaz Doğal Gaz İletim A.Ş. 100% Natural Gas
Associates Ownership
Interest
Principal Activity
Sendeo Dağıtım Hizmetleri A.Ş. 27.50% Cargo Transport/Distribution
Enerji Yatırımları A.Ş. 20% Energy
Joint Ventures Ownership
Interest
Principal Activity
Opet Aygaz Gayrimenkul A.Ş. 50% Real Estate
United Aygaz LPG Ltd. 50% LPG Supply, Filling and Distrinbution