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Investor Presentaiton

TEKNO SA 42 Capital Expenditures 20.3 3Q14 TEKNOSA İÇ VE DIŞ TİCARET A.Ş INVESTOR PRESENTATION Total CAPEX (TL mn) 11.7 3Q15 46.5 34.9 9M14 9M15 We continue to invest in our operations even in challenging times with a focus on profitability. New store openings and store renovations account for a major part of the Company's capital expenditures. ➤ Capital expenditures are financed with cash generated from operations.

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