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Press Release: TME 1Q08 Trading Update


General Assembly held on May 29, 2008

General Assembly related to our Company’s activities of the year 2007 has been held at the Company’s head offices at the address Hurriyet Medya Towers Gunesli/Istanbul on May 29, 2008 at 10:30 a.m. During the general meeting, briefly, the following have been resolved: more >>


Trader Media East Limited ("TME") has agreed to sell Trader.com (Polska) Sp. Z.o.o. ("Trader.com") to Polish media group Agora SA, for a cash consideration of US$ 54,350,000. The transaction is estimated to be completed in two weeks. Trader.com is the main operating company of TME in Poland and is a wholly-owned indirect subsidiary of TME. Trader.com generated US$ 7.5 million of revenues and approximately US$ 0.1 million of EBITDA in the year 2007. Trader.com revenues accounted for 2.7% of TME’s consolidated revenues in 2007.

Press Release-Disposal of Trade.com Polska, (Amsterdam May 14, 2008)

  • TME Press Release For the 2007 Results
  • ISS / Rating Report on Hürriyet
  • Agenda of General Assembly to be held on May 1, 2006 and a Note on the Amendment of Articles of Association
  • Fitch Changes Turkish Corporates' Outlook to Positive on Sovereign Rating Action
  • Fitch Ratings, an international credit rating institution announced that it raised the credit note of Hürriyet in local currency unit from "BB-" to "BB"
  • Hürriyet maintains its position of being the company in which the foreign share is the largest one in Istanbul Stock Exchange...
  • FT TO BE PRINTED IN HÜRRİYET'S FRANKFURT PLANT
  • Once again in August, Hürriyet is the company with the highest international share in İstanbul Stock Exchange...
  • Hürriyet maintains its position of being the company with the highest international share in ISE...
  • Hürriyet is the company with highest foreign shares in ISE...
  • Dividend payment to be made on May 2, 2005..
  • Hürriyet's Regular General Meeting held on April 11, 2005


  • TME Press Release For the 2007 Results

    Amsterdam, The Netherlands – March 27, 2008 (0700 GMT).
    Trader Media East Limited, a leader in classified advertising operating in Central and Eastern Europe, releases today its audited results for the year ended 31st December 2007, prepared under US GAAP.
    2007FY Financial Results, Press Release

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    ISS / Rating Report on Hürriyet

    Hürriyet has received a national corporate governance rating score of 8,0 (79,67%) over 10 from “ISS Corporate Services, Inc. (ISS)”, the leading global corporate governance rating organization after being evaluated for over 530 criteria... more >>
    ISS / Rating Report on Hürriyet

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    Agenda of General Assembly to be held on May 1, 2006 and a Note on the Amendment of Articles of Association

    The General Assembly will be held on 01.05.2006 Monday at 11:00 at the company's premises at Hurriyet Medya Towers, Güneşli, İstanbul. In addition to the ordinary agenda items, amendment of Articles of Association, authorization of the Board of Directors for the issuance of capital market instruments and distributing dividend in advance shall be discussed.     more >>
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    Fitch Changes Turkish Corporates' Outlook to Positive on Sovereign Rating Action
    12 Dec 2005 9:20 AM (EST)

    Fitch Ratings-London/Istanbul-12 December 2005: Fitch Ratings has changed the Outlooks on five Turkish industrial and commercial companies to Positive from Stable. The rating actions follow the revision of the Outlook on the Republic of Turkey's Long-term foreign (LTFC) and local currency (LTLC) ratings to Positive from Stable. For Fitch
    press release

    Hurriyet Gazetecilik ve Matbaacilik A.S.
    LTFC affirmed at 'BB-' (BB minus); Outlook revised to Positive from Stable
    LTLC affirmed at 'BB'; Outlook revised to Positive from Stable
    National Long-term upgraded to 'AA-(AA minus)(tur)' from 'A+(tur)'; Outlook remains Stable
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    Fitch Ratings, an international credit rating institution announced that it raised the credit note of Hürriyet in local currency unit from "BB-" to "BB"

    Fitch Ratings, an international credit rating institution announced that it raised the credit note of Hürriyet Gazetecilik ve Matbaacılık A.Ş. in local currency unit from "BB-" to "BB" and confirmed its outlook as "stable" with the
    press statement made on 14.11.2005. Credit note in foreign currency unit is confirmed as "BB-" which is limited with the country note. Local long-term credit note of Hürriyet is confirmed as "A+(tur)". The fact that the economic revival in Turkey aggrandizes the advertisement market and regarding the newspapers had positive impacts on the advertisement income of Hürriyet, which has an advertisement share of 42% in the market was stated as the reasons for raising the credit not in the statement.
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    Hürriyet maintains its position of being the company in which the foreign share is the largest one in Istanbul Stock Exchange...

    92% of Hurriyet shares offered to public belongs to foreign investments as of November 9 2005.

    5 top companies having the highest foreign share in Istanbul Stock Exchange-30 are:
  • Hurriyet: 91.8%
  • Denizbank: 89.3%
  • Garanti Bankasi: 85.9%
  • Akbank: 84.7%
  • Doğan Yayın Holding: 83.1%

    Foreign share in Istanbul Stock Exchange has reached to the amount of $ 26 billion as of November 9 2005. This amount corresponds to the 65.3% of free float in stock exchange.

    Foreign share is close to 69% since foreign investors take more interest in IMKB-30 companies.
  • Istanbul Stock Exchange Total Market Value is $ 130 billion.
  • Istanbul Stock Exchange Public Market Value is: $ 40 billion.
  • Istanbul Stock Exchange Average Free Float Rate is: 31%
  • Foreign Share in Free Float Portion is: $ 26 billion
  • Portion of Foreign Share in Free Float Part is: 65%
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    FT TO BE PRINTED IN HÜRRİYET'S FRANKFURT PLANT
    Financial Times, one of world's most prestigious newspapers and Hürriyet agreed to print a part of FT's European circulation in Hürriyet's Frankfurt printing plant. Starting from the 19th of August and printing FT newspaper 6 days a week, the operation will result the plant's 3 printing machines to reach full capacity.



    Once again in August, Hürriyet is the company with the highest international share in İstanbul Stock Exchange...

    90 % of Hürriyet shares offered to the public belong to international investors. The foreign share, which was 88 % in April, went up to 89 % as at the end of June 2005 and %90 as of August 3, 2005.

    Five companies with the highest international share in ISE-30:
  • Hurriyet: 89 %
  • Denizbank: 88 %
  • Garanti Bankasi: 86 %
  • Dogan Yayin Holding: 86 %
  • Anadolu Efes: 84 %
  • The international share in ISE reached a value of $ 19 billion as of June 29, 2005. This figure constitutes 61 % of the publicly-held portion of the market.

    International share is at a level of 68 % as the interest of foreigners is higher in ISE-30 companies.

    ISE Total Market Value: $105 billion
    ISE Publicly Held Market Value: $31 billion
    ISE Average Free Float Rate: 29 %
    International Share in Publicly Held Portion: $19 billion
    Ratio of International Shares in the Publicly Held Portion: 63 %
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    Hürriyet maintains its position of being the company with the highest international share in ISE...

    89 % of Hürriyet shares offered to the public belong to international investors. The foreign share, which was 88 % in April, went up to 89 % as of June 29, 2005.

    Five companies with the highest international share in ISE-30:
    1. Hurriyet: 89 %
    2. Denizbank: 88 %
    3. Garanti Bankasi: 86 %
    4. Dogan Yayin Holding: 86 %
    5. Anadolu Efes: 84 %


    6. The international share in ISE reached a value of $ 19 billion as of June 29, 2005. This figure constitutes 61 % of the publicly-held portion of the market.
      International share is at a level of 68 % as the interest of foreigners is higher in ISE-30 companies.

      ISE Total Market Value: $105 billion
      ISE Publicly Held Market Value: $31 billion
      ISE Average Free Float Rate: 29 %
      International Share in Publicly Held Portion: $19 billion
      Ratio of International Shares in the Publicly Held Portion: 61 %

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      Hürriyet is the company with highest foreign shares in ISE...

      The share of foreigners in ISE reached a value of $ 17 billion as of April 6, 2005. This figure represents 58 % of the publicly-held portion of the market.
      International share is over 65 % as the interest of foreigners is higher in ISE-30 companies.

      ISE Total Market Value: $101,5 billion
      ISE Publicly Held Market Value: $29,5 billion
      ISE Average Free Float Rate: 29 %
      International Share in Publicly Held Portion: $17,0 billion
      Ratio of International Shares in the Publicly Held Portion: 58 %

      Top five companies with foreign held shares in ISE-30 (%):

      1. Hürriyet: 88 %
      2. Dogan Yayin Holding: 86 %
      3. Garanti Bankasi: 84 %
      4. Denizbank: 84 %
      5. Anadolu Efes: 83 %

      Top five companies with foreign held shares in ISE-30 (Volume):

      1. Akbank: $1,798 million
      2. Garanti Bankasi: $1,786 million
      3. Is Bankasi: $1,781 million
      4. Turkcell: $1,252 million
      5. Tupras: $984 million
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      Dividend payment to be made on May 2, 2005..

      This is an announcement relating to the cash profit distribution resolution adopted at the Regular General Meeting of April 11, 2005 and distribution of cash dividend in the amount YTL 0.029972 per each share with par value of YTL 1 (TL 1,000,000) each at the ratio 2.9972 % of the current issued share capital of YTL 416,742,560 resolved to be paid between 02.05.2005-16.05.2005 by the Company Board of Directors' resolution dated April 15, 2004.

      A- METHOD OF APPLICATION
      Our shareholders may receive their dividends in the following amounts by referring to the below-specified addresses for each share with par value of YTL 1 (TL 1,000,000) at the ratio 2.9972 % of the current paid-up share capital with year 2004 dividend coupon on share certificates of group 14, 15, 16 and 17, representing the current share capital:
    7. YTL 0.029972 net for full taxpayer companies,
    8. YTL 0.029972 gross, YTL 0.026975 net for real persons and tax exempt companies and organizations,
    9. YTL 0.029972 gross, YTL 0.026975 net for narrowly defined taxpayer real persons and narrowly defined taxpayer companies.


    10. Dividends listed above only for display per shares with YTL 1 par value shall be rounded in Yeni Kuruş during dividend distribution

      B- APPLICATION VENUES
      Dividend distribution for 2004 will be carried out from 02.05.2005 to 16.05.2005 at Dış Yatırım Menkul Değerler A.Ş., Dışbank Branch Offices and İMKB Takas ve Saklama Bankası A.Ş, addresses of which are listed below.

      Dış Yatırım Menkul Değerler A.Ş
      Dilhayat sokak.No 8
      80630 Etiler/ İSTANBUL
      Telephone: 0 212 358 07 70 (pbx)

      Dışbank Bursa Şubesi (Bursa Branch)
      Çekirge Cad.İntam İş Merkezi No 101
      16070 Kükürtlü /BURSA
      Telephone: 0 224 233 39 50 (4 Lines)

      Dışbank Ankara Şubesi (Ankara Branch)
      Simon Bolivar Cad. No:17 PK 06680
      Çankaya ANKARA
      Telephone: 0 312 468 11 36 (4 Lines)

      Dışbank İzmir Şubesi (İzmir Branch)
      Şair Eşref Bulvarı No:23 Çankaya İZMİR
      Telephone: 0232 441 49 00(4 Lines)

      Dışbank Adana Şubesi (Adana Branch)
      Atatürk Cad. No:36/B 011120 Seyhan/ADANA
      Telephone: 0 322 458 12 09

      İMKB Takas ve Saklama Bankası A.Ş.
      Abide-i Hürriyet Caddesi Mecidiyeköy Yolu
      Sokak No: 286 Şişli /İSTANBUL
      Telephone: 0 212 315 25 25

      Our shareholders who fail to collect their 2004 dividends with 2004 dividend coupon they hold until May 16, 2005 may collect their dividends thereafter by producing their said coupons from the company headquarters at Hürriyet Medya Towers 34212 Güneşli İSTANBUL.
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      Hürriyet's Regular General Meeting held on April 11, 2005

      Regular General Meeting of Hürriyet Gazetecilik ve Matbaacılık A.Ş. for 2004 was held on April 11, 2005 at 11:00 am at Hürriyet Medya Towers Güneşli İstanbul under the supervision of Ministry's Commissary Sabire Elbüken appointed by the letter dated April 7, 2005, numbered 18273 of Istanbul Industry and Trade Provincial Directorate.

      From the review of List of Attendance, it was established that 250,193,126,533 shares in total, 250,045,536,059 by principal and 147,590,474 by proxy were represented out of 416,742,560,099 shares with TL 1,000 par value each, representing the company share capital of TL 416,742,560,098,700 (YTL 416,742,560) and thus the minimum meeting quorum stipulated by law and Articles of Association was present and the Ministry's Commissary allowed the meeting to be held.

      Discussed articles of agenda and adopted resolutions are as follows:

      1. Erem Turgut Yücel was elected as the President of the Presidential Board, Aslıhan Dumlu as Vote Collector and Elvan Cumhur as Secretary unanimously.

      2. Presidential Board was given authorization unanimously to sign the minutes of the meeting on behalf of shareholders.

      3. Board of Directors' Annual Report, Company Auditor's Report and Independent Audit Firm Report for 2004 accounting period were read, discussed and adopted unanimously.

      4. The following charitable donations made for the furtherance of the public welfare by the company in 2004, breakdown of which is given below, were reported to the shareholders (YTL);
      5. Aydın Doğan Foundation
      6.   1.082.638
      7. Kelkit İrfani Ve Yaşar Doğan Multi-Program High School
      8.   531.000
      9. Don't Let Our Schools Fall Down Campaign
      10.   150.000
      11. Atatürk Üniversitesi Kelkit School of Higher Education
      12.   145.356
      13. Other Foundations and Associations
      14.   134.109
        Total   2.043.103


      15. The balance sheet and income statement for 2004 accounting period were read and discussed. They were approved unanimously with the voting held.

      16. It was resolved unanimously that members of the Board of Directors and Auditors be released due to 2004 accounting period operations, transactions and accounts.

      17. It was resolved unanimously that YTL 12,490,542, representing 50 % of YTL 24,981,084, calculated as distributable net period profit in line with the recommendations of the Board of Directors be distributed as "Cash Dividend", that dividend distribution be started on May 2, 2005 and the remainder TL 12,490,542 be earmarked as "Special Reserves".

      18. It was resolved unanimously that the Board of Directors comprise 8 members and that Aydın Doğan, Mehmet Ali Yalçındağ, Ertuğrul Özkök, İmre Barmanbek, Vuslat Doğan Sabancı representing Doğan Yayın Holding A.Ş., M.Cem Kozlu and Kai Georg Diekmann as independent members, and Soner Gedik representing shareholders, be elected as Members of the Board of Directors to serve until the General Meeting where 2005 accounting period operations will be discussed.

      19. It was resolved unanimously that Fuat Arslan and Mehmet Yörük be elected as Company Auditors to serve until the General Meeting where 2005 accounting period operations will be discussed.

      20. It was resolved unanimously that the Chairman of the Board of Directors be paid YTL 6.000 net per month, Deputy Chairman be paid YTL 5.000 net per month and each member of the Board of Directors be paid YTL 4.000 per month and independent members M.Cem Kozlu and Kai Georg Diekmann be paid YTL equivalent of USD 5.000 net per month and Auditors be paid YTL 1.000 net per monthly remuneration.

      21. It was resolved by majority of 250,183,371,525 affirmative votes against 12,755,008 abstaining votes that Members of the Board of Directors be authorized to carry out the businesses enumerated in Articles 334 and 335 of Turkish Commercial Code.

      22. Observing that Başaran Nas Serbest Muhasebeci Mali Müşavirlik A.Ş. was appointed as independent audit firm by our Board of Directors under provisions of regulations on independent external audits in capital market, it was resolved unanimously that the said appointment be approved.

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