FAQ

1. What are Lider's corporate mission statement, vision and strategic objectives?

   Mission Statement:

   Our mission is to facilitate the penetration of factoring as a modern financing and services technique and to offer top quality and dynamic financial services to our customers to maximize customer satisfaction with an understanding of advanced and close monitoring of the global markets.

   Vision:

   Lider targets to,

   • be client focused
   • be innovative
   • be stable in quality and speed of services
   • be the leader in its sector
   • be competitive with continuous improvements
   • achieve stable and profitable growth
   • be a global company
   • add value to the Turkish economy and set the pace in its sector
   • be a company that all its employees are proud of.
2. What is the level of paid-in capital of Lider Faktoring?

   Lider Faktoring's paid-in capital is TL30.000.000.

3. Does Lider Faktoring have any preferred shares?

   Lider Faktoring doesn't have any preferred shares.

4. Does Lider Faktoring pay dividends?

   Yes; Lider Faktoring pays dividend in the form of bonus issue and/or cash. Please check our dividend history section for more information.

5. Is Lider a listed company?

   No, Lider's shares are not listed on any stock exchange, but as a result of the bond issue on 11 June 2010 through public offering, Lider bonds are listed and traded on the Istanbul Stock Exchange bond market with ISIN code TRSLDFK61216. Therefore Lider is regarded as a publicly traded company in terms of disclosure requirements.

6. When is Lider Faktoring's general assembly meetings held?

   Lider Faktoring's ordinary general assembly meeting is usually held towards the end of March each year. The announcement for this general assembly is made public in the "News" section of our web site.

7. How is information about Lider Faktoring announced?

   Lider Factoring has the same public disclosure requirements of a publicly traded company. Therefore Lider's announcements are simultaneously made on its web site and on the official web site of the Public Disclosure Platform (www.kap.gov.tr) of the Istanbul Stock Exchange.

8. Are Lider Faktoring's annual reports available on its web site?

   Please click to view Lider Faktoring's annual reports

9. What is the level of Lider Faktoring's rating?

   Please click to view Lider Faktoring's rating reports

10. What are the terms of Lider Faktoring bonds?

    Lider closed the issue of TRY 50,000,000 floating rate notes due 2012 with interest paid semi-annually.

11. What are issue, maturity and interest payment dates of Lider bonds?

    Issue date is 11 June 2010 and maturity date is 8 June 2012. Interest will be payable on 10 December 2010, 10 June 2011, 9 December 2011 and 8 June 2012.

    • 1.Coupon Payment Date - 10.12.2010
    • 2.Coupon Payment Date - 10.06.2011
    • 3.Coupon Payment Date - 09.12.2011
    • 4.Coupon Payment Date - 08.06.2012
    • Principal Payment Date - 08.06.2012
12. What is the interest rate of Lider bonds?

    The Notes will bear interest rate of benchmark yield+2.75% on annual basis. This interest rate is 5.7% (semi-annually) on the first interest payment date and will reset on each following interest payment date based on the ten-day daily weighted average compound rate of the benchmark yield. Current benchmark government bond is TRT250112T14 with maturity of 25.01.2012.

13. What is the methodology for interest rate calculation of Lider bonds?

    The Notes will bear interest rate of benchmark yield+2.75% on annual basis. The interest rate will be calculated on each following interest payment date based on the ten-day arithmetic average of the daily weighted average compound rate of the benchmark yield.
    
    The benchmark yield will be used as a base with the following formula to calculate semi-annual interest rate for 182 days.
    
    Benchmark interest rate for 182 days= ((10 day Arithmetic average of the daily weighted average compound rate of the benchmark yield +1)^(182/365)))-1
    
    Half of annual spread of 2.75% will be added to the benchmark interest rate for 182 days as calculated above to set coupon rate.
    
    Annual compound interest rate of the bond is the compounded coupon rate for 182 days as calculated below.
    
    Annual compound interest rate = ((Coupon rate +1)^(365/182))-1

14. What is the interest rate of Lider Faktoring bonds in the first coupon payment period of 182 days?

    The gross coupon rate for the first coupon period is 5,7013%. This coupon rate corresponds to compounded annual rate of %11,7616%.