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APRIL 2004


Meydan... a Goldart Holding company a major precious metals and foreign currency trader a member of Istanbul Gold Exchange a member of International Precious Metals Institute possesses ISO 9001 Quality Certificate an IPO candidate of the group


A foremost precious metals and foreign exchange trader Meydan Precious Metals and Foreign Exchange Inc. (“Meydan”) was established in 1995 by Yalınkaya Group. The company was approved as a member to the Istanbul Gold Exchange in 1999. Since then, as an extension of its parent group’s jewellery business, Meydan became one of the major brokers in the bourse. According to 2003 trade volume figures, Meydan is at the sixth rank in the Istanbul Gold Exchange. At the end of 2002, Yalınkaya Group companies were regrouped and the companies involved in gold and jewellery business were positioned under a newly-formed division. Therefore, these companies were transferred to Goldart Holding, specialized in gold and jewellery fields. Currently, Meydan is 90% held by Goldart Holding.


Our vision is to... continuously extend the quality of services. increase brokerage activity in the Istanbul Gold Exchange. be the first listed brokerage company among the peers. reposition ourselves as a global brokerage house in precious metals and foreign exchange.


Gold business in the world Following a downward pattern since 1996 to 2001, gold prices started to bounce back in 2002, mainly emanating from the adverse developments with respect to Iraq War. Gold Price US$ / ounce


Gold business in the world India has always occupied the top of the list as the biggest gold consuming country, while USA has been the follower. In general, the historical data reveal that major players are the same in the world gold demand. According to World Gold Council statistics, Turkey ranked 4th having 203,9 tons gold demand in 2003.


Turkey’s role in the world gold market Although demand for gold jewellery declined in the last years, due to the crisis winds, Turkey has always been among the biggest gold demanding countries.Turkey ranked 4th having 203,9 tons gold demand in 2003.


Istanbul Gold Exchange After Istanbul Gold Exchange was inaugurated in 1995, the number of brokers reached 51. Currently, the breakdown of contestants is 18 banks, 22 currency offices, 8 precious metals companies, 1 precious metals producing and marketing company, 1 precious metals refinery and 1 non-resident company. Istanbul Gold Exchange also includes Precious Metals Trading, Futures and Options Trading and Precious Metals Lending.


Istanbul Gold Exchange The transaction volume of the Istanbul Gold Exchange displayed a consistent growth pattern, prior to the financial turmoil experienced during 2001.


Followed a consistent growth pattern After starting business in 1995 with US$22.0 mn sales, Meydan increased its sales to US$ 175 mn in 2003.


Gold brokerage is expanding Gold brokerage services started in 1999 and increased its stake in total revenues up to 76% as of 2003.


Silver brokerage... Meydan started silver brokerage services in 2003.


Our target is continued growth Meydan targets to sustain growth, with a brokerage service expanding at a pace greater than that in foreign exchange business. Therefore, gold brokerage seems to account for a higher stake in business volume in the following years in favor of profitability.


The Parent Company Goldart Holding is a specialized division in gold and jewellery. It was formed to have an integrated structure, accommodating gold and other precious metals production, refinery, jewellery manufacturing and marketing, in order to improve efficiency and effectiveness. Currently, there are five companies operating under this group of speciality, namely Goldaş Jewellery, Goldaş Marketing, Meydan Precious Metals and Foreign Exchange, Pregold Mining and Goldoro Refinery.


MEYDAN PRECIOUS METALS AND FOREIGN EXCHANGE INC. HEAD OFFICE İstanbul Cad. Meydan İşhanı No:4/3 Bakırköy Istanbul Turkey Tel : 90 (212) 543 6520 (800) 219 8022 Fax : 90 (212) 570 6632 IGE OFFICE Rıhtım Cad. No: 231 - 233 Karaköy Istanbul Turkey Tel : 90 (212) 293 7580 Fax : 90 (212) 293 7581


GOLDART HOLDING INC. 24, Kayalar Sokak Merter, 34010 İstanbul / TURKEY Tel: 90(212) 637 5450 Fax: 90(212) 637 4007-08 e-mail: INTERNATIONAL OFFICES UK: GOLDART (UK) LTD. 100 Hatton Garden, Suite 115/116 London, EC1N 8NX Tel: 44(20) 7831 7555 (800) 917 0827 Fax: 44(20) 7242 2999 e-mail: U.S.A.: GOLDART INTERNATIONAL, INC. 1305 Franklin Avenue Suite: 245 Garden City, NY 11530 Tel: 1(516) 294 8370 (800) 227 7489 Fax: 1(516) 294 3888 e-mail: GERMANY: GOLDAS GmbH Königsallee 58b 40212 Düsseldorf Tel: 49(211) 159 7126 - 27 Fax: 49(211) 159 7128 e-mail: RUSSIA: GOLDAS LTD. Russian Federation, Moscow, 103006, Dolgorukovskaya st., Bld. 7 Sadovaya Plaza Tel: 7(095) 933 1363 Fax: 7(095) 933 1364 e-mail: U.A.E.: GOLDAS (L.L.C.) Al Mamzar Center, 1st Floor, Office No:3, P.O.Box: 86426 Dubai Tel: 971(4) 297 8088 Fax: 971(4) 297 8188 e-mail: THAILAND: GENERAL TRADING (CO) LTD. 919/527 Jewelery Trade Center Building 45. Floor Silom Road Bangrak, Bangkok 10500 Thailand Tel: 66(2) 630 3434 Fax: 66(2) 630 3435 e-mail:

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