SARA Group has received an order on 11.06.

2010 for the manufacturing and CFR delivery of 416 units of 6 meters lighting poles
(around 25 tons) to Seychelles. The client is Mesh And Steel Trading Co. from Mauritius. This order is SARA Group’s first order to
Seychelles. This export sales gives us the opportunity to provide our solutions and services for the development of the region, while
expanding Turkey’s export potential to new markets.”

2. ŞA-RA bolt quality certified by Germany

After inspections done by German MPA NRW company in Adana Bolt manufacturing plant on 23.11.2007, original “U” certificate
has been renewed under no. 11 9614–1/3.

3. TEDAS (Turkish Electricity Distribution Corporation) Turkey Electricity Distribution Network Rehabilitation Project

World Bank approval received for awarding 1 package in Nigde and 2 different packages in Istanbul to ŞA-RA for Turkey Electricity
Distribution Network Rehabilitation Project Phase-2 Group-1 tendered by TEDAS (Turkish Electricity Distribution Corporation)
under World Bank Loan

4. Contract signed with Norhern Iraq Ministry of Electricity on 20.08.2009 for KRG-MOE/TS-05/2008 132KV Dohuk Power Plant
Connection.

Contract signed with Norhern Iraq Ministry of Electricity on 20.08.2009 for KRG-MOE/TS-05/2008 132KV Dohuk Power Plant
Connection.

5. H.204 T referenced 380 kV 129 km Seydişehir Varsak OHTL

Contract signed on 23.12.2008 for H.204 T referenced 380 kV 129 km Seydişehir Varsak OHTL tendered by TEIAS

6. ITM.57 referenced 380 kV Çarşamba substation

Contract signed on 18.12.2008 for ITM.57 referenced 380 kV Çarşamba substation and 154 kV Yaglidere substation tendered by
TEIAS

7. TENDER NO. KRG-MOE/T-07/2008 EPC 33 kV & 132 kV OH TL DC and 33 kV U.G. Cables

Invitation for signature of contract for TENDER NO. KRG-MOE/T-07/2008 EPC 33 kV & 132 kV OH TL DC (77 km) and 33 kV
U.G. Cables (20km) in Erbil and Dohuk Governorates has been received from Northern Iraq Ministry of Electricity.

8. Automotive quality management system certificate by TUV NORD.

Quality standards of ŞA-RA Adana bolt manufacturing plant (ISO/TS 16949:2002) have been certified by TUV NORD being conform
with Automotive Quality Management System.

Right

Energy Transmission Lines

SA-RA is an experienced and reputable turn-key contractor of energy transmission lines, within the range of voltage levels between
34,5 - 800 kV.

The turn-key implementation activities of transmission lines include:

Survey and Design

SA-RA has full capability for:

   Line survey, preparation of route maps, plans and profiles

 Preparation of expropriation plans and documents,
 Environmental Impact Studies
 Soil investigations
  Line design, tower spotting, optimization
 Tower basic design
 Tower manufacturing drawings
 Shop drawings and cards

Our design department is fully equipped with computer facilities for calculation and drafting, and employs highly experienced and
qualified engineers and draftsmen. The most recent versions of:

 Tower
 Autocad
 PLS Pole
 B Tower

Are utilized for design.

Tower and Hardware Supply

SA-RA is the biggest manufacturer of transmission line towers in Turkey, and Europe, with a huge annual capacity of 110.000 Tons.
Moreover, SA-RA is a reputable manufacturer of hardwares, approved by governmental and private electricity organizations in
Turkey and abroad. This provides us the advantage and flexibility of supplying these items from our own factories within shortest
periods and with high quality. Details are given in 'Plants' and 'Manufacturing' sections.

Line Material Supply

SA-RA supplies all line materials such as conductor, shieldwire, insulators, OPGW, grounding materials, etc., from first class
manufacturers which are awarded with ISO 9000. The supply, transportation and storage procedures are conducted under the QA/QC
system of SA-RA.
Construction

SA-RA executes the construction activities of:

   Application, Tower Pegging

 Route Clearance, Access Roads
  Civil Works of Tower Foundations
 Tower Erection
 Stringing
 Commissioning

We have a sound infrastructure including all necessary machinery and equipment as well as highly qualified and experienced
manpower for the construction activities.

Project Management

Our activities outlined above are managed and coordinated by our qualified technical staff, including experienced project managers,
site chiefs and team leaders.

Substations and Switchyards

SA-RA is highly experienced on turn-key implementation of substations and switchyards, including:

SA-RA successfully completed many substation and switchyard construction projects within the range of 34,5; 154; 220 and 380 kV.

Energy Distribution Networks for Cities / MV-LV Sy

SA-RA is a leading contractor of city distribution networks and medium and low voltage systems. Our services include refurbishment
of the existing systems and construction of the new ones

Transmission Line Towers

SA-RA is the leading designer and manufacturer of transmission line towers within the range of 11 kV to 800 kV.

Besides the Turkish market, SA-RA manufactured and supplied towers to the markets including Syria, Iraq, Indonesia, Algeria, Morocco, Tunisia,
Pakistan, Nigeria, Mozambique, Australia, Tasmania, Ethiopia, Germany, France, Poland, Island, Finland, Greece, Ireland and many others.
Lighting Poles and High Masts
SA-RA Energy is the designer and manufacturer of the poles for:

Besides of the big share of our sales in Turkish market, we export our poles to the customers in many countries including Malta,
Romania, Iraq, Sudan, Tanzania, Yemen, Lebanon, Turkmenistan, Kazakhstan, Serbia, Bosnia, Ethiopia, Azerbaijan, Georgia,
Nigeria, Jordan and many others.

Energy Transmission Line Hardwares

Energy Transmission Line Hardwares are such materials that, function attachment for the electrical conductors and the towers.

These hardwares, transmitting the whole electrical and dynamic forces incoming from the conductors and grounding wires,
have significant critical importance, as in case of any breakdown, the entire of the transmission line are damaged to a much more
than excessive cost of their own costs.

ŞA-RA, having a 25 years experienced leading hardware company in Turkey, designes and manufactures these critical highest

quality hardwares for international customers in awareness and careful attention.

 

The hardwares are designed, manufactured and packed with the latest technology by the experienced engineers according to the
international standarts.

Within the product ranges, we have all varieties of conductor – grounding hardwares, vibration dampers and holders to range between
11-500 kV.

We perform all class of electrical and mechanical tests including heat cycle and damper tests in our qualified laboratuary,
according to the latest versions of IEC Standarts of our products. In addition to the physical test, we have competence to perform

wind, fatigue & vibration analyses and verifications of conductors and dampers by advanced software programmes.

TEİAŞ (Turkish Electricity Transmission Company), as an extremely careful concerning hardware quality and manufacturer selective

authorized organization, has given a qualification to ŞA-RA for all kinds of hardwares. Consequently, our hardwares are being used

successfully and efficiently on a great many of 154 & 380 kV transmission lines. Besides Turkey, we export large amount of

hardwares to Greece, Ireland, Algeria, Syria, Pakistan, Iraq, Egypt, Ethiopia,  Yemen, Congo,… etc. and many countries.

Gallery

Substation Steel Structures

SA-RA is a leading designer and supplier for steel structures for substations within the range of 34,5 - 500 kV. Our services include:
Besides of the big share of our sales in Turkish market, we export our poles to the customers in many countries including Malta,
Romania, Iraq, Sudan, Tanzania, Yemen, Lebanon, Turkmenistan, Kazakhstan, Serbia, Bosnia, Ethiopia, Azerbaijan, Georgia,
Nigeria, Jordan and many others.

Besides Turkey, we export large amount of

hardwares to Greece, Ireland, Algeria, Syria, Pakistan, Iraq, Egypt, Ethiopia,  Yemen, Congo,… etc. and many countries.

Besides of the big share of our sales in Turkish market, we export our poles to the customers in many countries including Malta,
Romania, Iraq, Sudan, Tanzania, Yemen, Lebanon, Turkmenistan, Kazakhstan, Serbia, Bosnia, Ethiopia, Azerbaijan, Georgia,
Nigeria, Jordan and many others.

Besides the Turkish market, SA-RA manufactured and supplied towers to the markets including Syria, Iraq, Indonesia, Algeria, Morocco, Tunisia,
Pakistan, Nigeria, Mozambique, Australia, Tasmania, Ethiopia, Germany, France, Poland, Island, Finland, Greece, Ireland and many others.

SA-RA ENERGY CONS. TRADE & IND. INC.

introduction
ŞA-RA Energy, Construction, Trade and Industry Co. is a privately owned company, founded in 1985 in Ankara, specialising in the field of energy.

The major activities of the company involve:

Design, fabrication, galvanisation, erection and stringing of medium and high voltage overhead transmission and distribution lines.
Installations of HV substations and MV distribution stations.
Complete installations of city networks and industrial installations.
Construction of radio link and TV transmitter pylons, private radio and TV stations
Design, fabrication, galvanisation and erection of FM/TV, Radio Link and G.S.M. towers
Design, fabrication and erection of galvanised polygonal steel lighting, advertisement and flag poles
 

Turkey

Location: southeastern Europe and southwestern Asia (that portion of Turkey west of the
Bosporus is geographically part of Europe), bordering the Black Sea, between
Bulgaria and Georgia, and bordering the Aegean Sea and the Mediterranean
Sea, between Greece and Syria
Location: southeastern Europe and southwestern Asia (that portion of Turkey west of the
Bosporus is geographically part of Europe), bordering the Black Sea, between
Bulgaria and Georgia, and bordering the Aegean Sea and the Mediterranean
Sea, between Greece and Syria
ENERGY PROJECTS IN TURKEY
    Consumption 1999   2010 (Estimated)
Natural Gas & LNG   13 billion m3   55 billion m3
Oil   32 million tons   47 million tons
Hard Coal   16,1 million tons   51,8 million tons
Lignite   66,3 millions tons   160,5 million tons
Electric Power   118,5 billion kWh   294,5 billion kWh
26.22 60.49
Installed E.P. Capacity   6
MW   0
MW

* Temporary            

As end of 2000, the total primary energy consumption is expected to increase to 87.5 million tons of oil equivalent and per capita consumption will
reach 1,339 kg of oil equivalent. It is estimated that production of primary energy will be realised as 28.8 million tons of oil equivalent.
In 2000, total installed and total production capacities of the power plants are going to reach 27,400 MW and 124,2 million kWh respectively.

Studies of long-term electricity demand based on alternative economic growth scenarios indicate that demand will reach 196,6 billion kWh in the
year 2005 with an installed capacity of about 40,000 MW. It is anticipated that, in the year 2010, electricity demand will increase to 294,5 billion
kWh while installed capacity will be about 60,000 MW. In other words, in order to secure the supply of energy, an additional capacity of 34,000
MW should be installed until 2010. This necessitates investments of approximately USD 3.5 billion per annum.

Turkey seeks private sector's involvement in the energy and infrastructure projects in order to keep up with the rapidly growing demand. Current
legal framework allows private companies to construct new power plants either under Build-Operate-Transfer (BOT) or Build-Operate (BO)
methods or as auto-producers. Also, private companies are allowed to operate existing power plants and distribution companies by receiving their
operational rights through Transfer of Operational Rights (TOR) scheme.

Recent changes in the legislation:

1. International arbitration is allowed for settlement of disputes.

2. The authority of the High Council has been limited to giving an advisory opinion about concession contract and agreements within
two months, rather than a binding decision.
3. Electricity production and distribution projects are included the BOT scheme and BOT contracts are not considered as concession
contracts, but private law contracts.

Natural Gas Projects

 Capacity expansion projects on the Russian Federation - Turkey NGPL (from 6 BCMA to 14 BCMA supply.)
 Blue Stream (from Russian Federation through Black Sea 16 billion m3 )
 Turkmenistan-Caspian Sea Crossing-Turkey-Europe NGPL (30 billion m3)
 Second LNG terminal (Aliaga 4-6 billion m3)
 Eastern Anatolian Natural Gas Main Transmission Pipeline (supply from Turkmenistan, Azerbaijan, Iran-Currently 10 billion m3
agreement with Iran)
 Egypt-Turkey Natural Gas Pipeline (through Mediterranean Sea or land, 4 billion m3)
 Iraq-Turkey Natural Gas Pipeline (10 billion m3 - after lifting embargo)
 Karacabey - Izmir Natural Gas Pipeline (125 km.)
 Konya-Izmir Natural Gas Pipeline (520 km.)
 Southern Natural Gas Transmission Line (355 km)

Oil Pipelines

 Bakü-Ceyhan pipeline to carry up to 45 million tons of oil from Azerbaijan and Kazakhstan to the Ceyhan Terminal.

Electric Power Projects

Dam and Hydro Electrical Power Plants MW GWh

Akköprü Dam and HEPP 115 343
 Alanya II. Stage (Dim and Dam) 36 126
Alpaslan Dam and HEPP (I) 160 488
Alpaslan Dam and HEPP (II) 200 714
Çine and Gökbel Dam and HEPP 45 143
Manyas Dam and HEPP 19 66
Obruk Dam and HEPP 200 473
Orta Ceyhan Dam and HEPP 54 100
Topçam Dam and HEPP 60 91
Darica - I HEEP 79 292
Uzunçayir Dam and HEPP 74 317
TOTAL 1042 3153

Three gas fired power plants, with the total capacity of 1136 MW that were realised within the framework of BOT model, are in operation since
1999. Meanwhile TEAS's gas fired Bursa Natural Gas Power Plant was also commissioned in 1999. Two new natural gas combined cycle power
plants are under construction, under the Build-Own-Operate (BOO) model (Adapazari-770 MW, Gebze-1,540 MW). The construction of the third
BOO plant (Izmir-1,540 MW) will be started soon. These three BOO projects are expected to be completed in 2002-2003. The construction of
another Coal Fired BOO project 2 X 605 MW Iskenderun Sugözü Thermal Power Plant has also started. Meanwhile, total auto-production capacity
has reached to 2632 MW.

The tender for the establishment of Nuclear Power plant has been cancelled because of deficiency in government financial resources.

Supply availability including the ongoing projects will not be enough to meet power demand up to 2002. As an urgent action government decided
to buy electricity from mobile plants and in addition to 100 MW mobile plants, recently announced an international tender for 4 X 100 MW mobile
plants.

The situation beyond 2000 will be as follows:

Fired 2000-2005 (MW) 2005-2010(MW)

Gas-Fired BO's 4,550 -
Coal-Fired BO's 1,210 -
Lignite 4,150 700
 Cogen Project 550 -
Mobile 600  
New Thermal BOT's 3,914 795
Hydroelectiric
5,200 1,300
(DSI+BOT)
TOTAL 20,124 2,795

Privatization

Moving in two fronts:

 Transfer of operating rights of 15 thermal power plants (8250 MW) for 20 years.
 Transfer of operating rights of 25 distribution regions for 30 years.

Funding Requirements of Projects

   Beyond 2000
Gas Pipelines  $7,4 billion
Oil Pipelines  $4 billion
BO's  $3 billion
BOT's  $10,8 billion
Cogen projects  $1 billion*
Lignite  $10,1 billion
Nuclear  $9,1 billion
Hydro  $11 billion
Privatization - PP's (10 PP's)  $0,4 billion
Privatization - Distribution (20 regions) $0,5 billion
TOTAL  $61,8 billion
* up to 2005    

 
IMF: Turkey’s GDP to exceed USD 1 trillion by 2011

 Support to SME's

In 2009, the EIB provided EUR 1.5bn (57% of its overall annual lending in Turkey) to support SMEs and small and medium
infrastructure investments to be carried out by private or public bodies, as well as beneficiaries of any size. Financing was for
investments in the fields of industry, tourism, services, knowledge economy, energy and environmental protection in Turkey.

 Energy and environment

Efficient infrastructure in transport, energy and environment is key to the development and prosperity of Turkey and its accession
process to the European Union. In 2009, the EIB provided with a total of EUR 460m support for developing the country energy
potential. In renewable energy production, the EIB financed, along with other multilaterals the Osmaniye Windfarm, which is the
largest project in this sector in Turkey. This loan with Zorlu Rotor Elektrik received the distinction of being nominated European
Onshore Wind Project Deal of the Year

Turkish law calls for a liberalized energy market in which private firms are able to develop projects with a license obtained from the
Energy ...

Turkey has a non-discrimination and equal treatment policy towards foreign investors, thus foreigners have the same rights and liabilities as locals. There are no rules
requiring Turkish participation in the capital or management of a company with foreign capital; a company may be established with 100 percent foreign capital. Almost all
sectors are open to foreign capital.

The company establishment procedures have been simplified to a great extent through the shift from a “screening system” to a “monitoring system” for foreign investments
and through the elimination of the unnecessary procedures to set up a business for both local and foreign investors.

The Turkish economy has shown remarkable performance with its steady growth over the last six years. A
sound macroeconomic strategy in combination with prudent fiscal policies and major structural reforms in
effect since 2002, has integrated the Turkish economy into the globalized world, while transforming the
country into one of the major recipients of FDI in its region.

The structural reforms, hastened by Turkey’s EU accession process, have paved the way for
comprehensive changes in a number of areas. The main objectives of these efforts are to increase the role
of the private sector in the Turkish economy, to enhance the efficiency and resiliency of the financial
sector, and to place the social security system on a more solid foundation. As these reforms have
strengthened the macroeconomic fundamentals of the country, inflation drastically decreased to 6.5
percent by the end of 2009, down from 30 percent in 2002, while the EU-defined general government
nominal debt stock fell to 45.5 percent from 74 percent in a period of seven years between 2002 and
2009. Hence, Turkey has been meeting the “60 percent-EU Maastricht criteria” for the public debt stock
since 2004.
 

As the GDP levels almost tripled to USD 618 billion in 2009, up from USD 231 billion in 2002, GDP per
capita soared to USD 8,590, up from USD 3,500 in the given period.

The visible improvements in the Turkish economy have also boosted foreign trade, while exports reached
USD 102 billion by the end of 2009, up from USD 36 billion in 2002. Similarly, tourism revenues, which
were around USD 8.5 billion in 2002, exceeded USD 21 billion in 2009.

Significant improvements in such a short period of time have registered Turkey on the world economic
scale as an exceptional emerging economy, the 16th largest economy in the world and the 6th largest
economy when compared with the EU countries, according to GDP figures (at PPP) in 2009.