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 Rating Report on Hürriyet

   Rating Report on Hürriyet
Date: 23.09.2008

ISS Corporate Services Inc. ( Riskmetrics Group) which is an International Corporate Governance rating Company and has appropriate permission to make corporate governance rating assessments in Turkey according to Capital Market Board (CMB) Corporate Governance Regulations, has increased our corporate governance rating from 8 (%79,67) to 8,5 (%83,21) out of 10. According to CMB decision on this topic, Final rating is based on four sub-categories in different weights. Within this scope, our rating with respect to these sub-categories are indicated below;


2007 2008
Sub-Categories Weight Rate Obtainec Rate Assigned Rate Obtainec Rate Assigned
Shareholders 0,25 7,90 8,00 8,32 8,50
Publicity Disclosure and transparency 0,35 8,71 8,50 9,11 9,00
Stakeholders 0,15 7,40 7,50 7,63 7,50
Board of Directors 0,25 7,34 7,50 7,63 7,50
Total: 1,00 7,97 8,00 8,32 8,50

Corporate Govenance Rating Report can be reached at our corporate website http://www.hurriyetkurumsal.com


Date: 24.09.2007

ISS Corporate Services, Inc. (ISS) which has been certified by Capital Market Board of Turkey (CMB) to perform Corporate Governance Rating assessment, has rated our Company good, with corporate governance rating of 8.0 (79.67%) out of 10. CMB’s resolution related to the issue outlines ultimate rating to be determined through four categories with different weights. Within this scope, the distribution of our corporate governance rating with respect to sub categories is as follows;

Sub categories Weight Rate (%) Rate Assigned
Shareholders 0,25 78,95 8,00
Public Disclosure and Transparency 0,35 87,09 8,50
Stakeholders 0,15 74,00 7,50
Board of Directors 0,25 73,39 7,50
Total 1,00 79,67 8,00

Information with respect to summary information and methodology can be reached at our corporate Web Site at www.hurriyetkurumsal.com adress.
We confirm the above explanations are in line with the Board’s Code Serial VIII. Number 39; reflect the information we obtained correctly; match our records and bookings;we show our best efforts to announce the information we obtain fully and correctly and we are responsible for these announcements.


ISS Rating Report on Hürriyet September 2008
ISS Rating Report on HürriyetSeptember 2007