ADP_REGISTRATION_DOCUMENT_2017

BUSINESS OVERVIEW 06

DESCRIPTION OF ACTIVITIES BY SEGMENT

TAV Airports’ Board of Directors consists of 11 members, with 5 members to be appointed by Groupe ADP, 1 for whom Tepe can propose a candidate and 1 for whom Sera can propose a candidate and 4 independent members to be proposed by the Nomination Committee to the General Meeting of Shareholders. Information about concessions

Type/Expiry date Leases (Jan. 2021) Build, Operate and Transfer (BOT) (Mai 2023) BOT + Concession lease (Dec. 2032) Concession lease (May 2034) Concession lease (Dec. 2035) BOT (Feb. 2027) BOT (Aug. 2027) BOT + concession (May2047) BOT + concession (March 2030)

Fee/Pax Domestic

Volume Guarantee

Guarantee Concession/ Lease Fee

Airport

TAV Stake

Scope Fee/Pax International

Istanbul Ataturk

US$ 15 €2.5 (Transfer)

100% Terminal

€3

-

$140m + VAT

0,6m dom, 0,75m Int'l pour 2007 + 5% pa

Ankara Esenboga

€15 €2.5 (Transfer)

100% Terminal

€3

Izmir A. Menderes

€15 €2.5 (Transfer)

€29m starting from 2013 1

100% Terminal

€3

-

Gazipasa Alanya

100%

Airport

€10 2

TL7,5 2

-

$50,000 + VAT 3

Milas Bodrum 4

100% Terminal

€15

€3

-

+€28.7m + VAT 5

Tbilisi

80%

Airport

US$24

US$6

-

Batumi

76%

Airport

US$12

US$7

-

Monastir & Enfidha

11-26% of revenues from 2010 to 2047

67%

Airport

€9

€1

-

Skopje & Ohrid

€17.5 in Skopje, €16.2 in Ohrid"

4% of the gross anual revenue 6

100%

Airport

-

-

BOT + concession (2037)

Medinah

33%

Airport

SAR 87 7

-

-

54.5% 8

3% of the gross annual revenue for Yanbu, 3.6% of the gross annual revenue for Hail and Qassim until 2026, 7.2% for between 2026 and 2047

BOT + concession (2047) BOT + concession (April 2042)

Yanbu, Hail & Qassim 7/9

50%

Airport

SAR 87 7

SAR 10

€2.0-€11.5m fixed 0.5% (2016) - 61% (2042) variable"

€15 10 €4 (Transfer)

Zagreb

15%

Airport

€7

-

1 Based on cash. 2 Per-passenger tariffs were revised as of January 1, 2015. 3 TAV Gazipasa will make a fixed yearly rent payment of US$ 50,000 + VAT until the end of the operating period. In addition, TAV Gazipasa will pay 65% of its net profit to DHMI at the end of each operating year as profit share. 4 TAV assumed the operation of Milas Bodrum International Terminal on October 22, 2015. 5 A lump sum amount of € 143 million equivalent to 20% of the bid price for TAV Milas Bodrum Airport was paid in August 2014. 6 Concession fee will be 15% of the annual gross turnover until the number of passengers using both airports reaches 1 million. When the number of passengers exceeds 1 million, this ratio will change between 2% - 4% depending on the number of passengers. 7 SAR 87 from both departing and arriving international pax. Pax charge will increase as per cumulative CPI in Saudi Arabia every 3 years. 8 The concession charge will be realized as 27.3% for the first 2 years that follow the completion of the construction. 9 The Company plans to take over these airports in 1H 2018. 10 International, domestic and transfer passenger service fee of € 10, € 4, and € 4, respectively, prior to April 2014. Tender for the new Istanbul airport

TAV Airports and TAV Istanbul (wholly-owned by TAV Airports), which holds the lease on Istanbul Atatürk airport until 2 January 2021, were officially informed by the Turkish Civil Aviation Authority (Devlet Hava Meydanları Isletmesi or DHMI) that TAV Istanbul will be compensated for the loss of profit that may be incurred as a result of the opening of the new airport prior to the end date of the current lease.

At the start of 2013, the Turkish government launched a tender for the construction and management of the new Istanbul airport, which is expected to have an initial capacity of 70 million passengers per year and eventually 150 million. At the close of the bidding process, the TAV Airports proposals were not selected.

78

AÉROPORTS DE PARIS  REGISTRATION DOCUMENT 2017