The annual general meeting of Alarko Holding held on 31 March 2003 began with a message read by Chairman of the Board İshak Alaton.

At the meeting the operations of Alarko Holding for the year 2002 were evaluated in the light of Turkey`s economic conditions, and the group`s investment targets for the year 2003 were announced.

Alarko Holding Company`s profits for the year 2002 were 40 trillion 245 billion Turkish liras, and it was decided to distribute dividends of 20 percent to shareholders.

Alarko Carrier Industry and Trade Co., which merged with its American partner Carrier in 1998, held its annual general meeting on 27 March 2003. The meeting opened with a message from the board of directors, and the operations of the company for 2002 were evaluated. Alarko Carrier Industry and Trade Co. profits for 2002 were 26 trillion 206 billion Turkish liras, and it was decided to distribute dividends of 222 percent to shareholders.

Another of our public companies, Alarko Real Estate Investment Co., held its annual general meeting for 2002 on 25 March 2003. After the message from the board of directors was read, the company`s operations for the year 2002 were evaluated. Company profits for the year were 18 trillion 477 billion Turkish liras, and it was decided to distribute dividends of 20 percent to shareholders.