FINANCE AND INVESTMENT
Doruk Faktoring A.Ş.

Doruk Faktoring A.Ş.

Established in 1999 and restructured in 2001, Doruk Faktoring A.Ş. (“Doruk Faktoring;” formerly named Doğan Faktoring A.Ş.) provides services including the taking over and collection of billed receivables arising from the sale of goods or services and of receivables arising from the sale of goods and services in accordance with BRSA’s regulatory framework; the keeping of debtor and customer accounts; and performing financing and factoring guarantee functions. To perform all types of factoring transactions, including debt collection, financing, intelligence, accounting and other related services, Doruk Faktoring specializes in debt collection and provides service to Doğan Group and the media sector.

In addition to debt collection, Doruk Faktoring also provides other services such as accounting, reconciliation, legal services and financing. The company allocates to non-group companies nearly all of the funds it generates through its own equity, and the loans it takes out.

Having increased its profitability since its inception, Doruk Faktoring grew further in 2018 with its new organization structure and new location at Trump Towers, to achieve a unique position in the sector and to initiate branching activities.

In May 2017, JCR Eurasia assigned Doruk Faktoring an investment grade and designated its Long-Term National Rating as A+(Trk) and its outlook as ‘positive’; in May 2018, it upgraded the company’s Long-Term National Rating to AA-(Trk) and assigned it a ‘stable’ outlook.

As a member of the Credit Registration Bureau (CRB) of Turkey, Doğan Faktoring can make inquiries regarding bounced checks, risk reports and check reports, and provide information on loan customers’ consolidated credit and risk limits. With its skilled workforce, the company also carries out comprehensive risk analyses for trade receivables, thereby minimizing the collection problems customers could encounter and ensuring that customers can manage their receivables in a much more healthy manner.

Doruk Faktoring uses the Central Invoice Registration System (MFKS), which allows central registration of information and/or documentation of receivables transferred to factoring companies and banks, established pursuant to Article 43 of Law No. 6361 on Financial Leasing, Factoring and Financial Companies. This system also makes aggregation, as well as the control and reporting of duplications easier.

Doruk Faktoring is a mandatory member of the Financial Leasing, Factoring and Financial Companies Union established under Law No. 6361. Doruk Faktoring continues its activities by increasing its profitability and efficiency in a consistent manner.

Doruk Finansman A.Ş.

Doruk Finansman A.Ş.

Doğan Holding founded Doruk Finansman A.Ş. (“Doruk Finansman;” formerly named as DD Finansman A.Ş.) in 2006 as the first mortgage company in Turkey established under the framework of the Mortgage Law.

With the entry into force of Mortgage Law No. 5582 in 2007, Doruk Finansman filed a license application with the Banking Regulation and Supervision Agency (BRSA). Doruk Finansman has operated in the area of mortgage finance since 2008, when it was granted an operating permit from BRSA. Doruk Finansman is a member of Association of Financial Institutions (FKB) and has received the approval of BRSA for insurance dealership.

With a decision of the Board of Directors dated August 25, 2017, the company's 49% share held by Deutsche Bank AG was sold and transferred to Doğan Holding. The aim is to increase the operation volume of certain products by means of intra-group synergy.

The company amended the Articles of Association at the Extraordinary General Assembly Meeting held on November 15, 2017, changed its title to Doruk Finansman A.Ş. and increased its paid-in capital to TL 30 million.

Doruk Finansman extended its first commercial credit facility in fourth quarter 2017. As of December 31, 2018, the company has provided loans for a total of 233 products or services. In 2018, Doruk Finansman extended TL 188.5 million in financing for 215 loans.

Doruk Finansman's portfolio includes a wide range of sectors such as textiles, construction, training, advertising, consultancy, machine industry and automotive.

In 2019, the company plans to expand its balance sheet by means of sectorand firm-wide risks, increase its market share, expand its customer base with the acquisition of new firms as customers, develop and use new products, and provide high quality and swift services to boost customer loyalty.

In line with its corporate targets, Doruk Finansman plans to remain among the major firms in the sector that offer funds to the market in 2019.

Doruk Finansman is authorized to extend loans such as vehicle loans, loans for the procurement of consumer durables, mortgage loans, mortgage-backed individual financing loans, service sector loans and stock financing loans.

Öncü Girişim Sermayesi Yatırım Ortaklığı A.Ş.

Öncü Girişim Sermayesi Yatırım Ortaklığı A.Ş.

Öncü Girişim Sermayesi Yatırım Ortaklığı A.Ş. (Öncü Venture Capital Investment Trust or Öncü VCIT) was established on December 18, 2014 by Doğan Holding. Öncü VCIT’s vision is to put smart money in and provide financing to companies which generate revenues, have designed their product/service, are actively engaged in commerce, boast a strong team, enjoy productmarket harmony, have passed to the growth stage, and are currently seeking investments for the next stage (product, production, market, and the like).

Öncü VCIT's mission is to become the growth engine of Doğan Group, evaluate startups with potential for Turkey, assess areas for new investments by Doğan Group, and work for synergy. The company aims to invest venture capital in diverse business lines in accordance with its investment policy. ÖNCÜ VCIT is especially focused on:

- New economy, technology/software firms in need of financial and strategic restructuring,
- Innovative enterprises that target a growth and development drive in their business area,
- Companies with highly competitive potential that aim to expand their operations in Turkish and global markets and generate high returns,
- Companies with high export potential and/or foreign currency generation potential,
- Emerging entrepreneurial enterprises and SMEs.

ÖNCÜ VCIT's investments include Insider, which focuses on digital technologies, personalization and forecasting analytics; Düşyeri, which produces cartoons, animations, licensed products and digital investments; Hürriyet Emlak, a residential and office rental and sales platform; and the food retail chain Tavuk Dünyası.

© 2014 Doğan Şirketler Grubu Holding A.Ş.