According to the General Directorate of Highways’ Invitation to Investors (published in the Official Gazette dated March 8, 2011 and No. 27868) (the “Tender Announcement”), the tender regarding the construction, operation and transfer of “Northern Marmara Highway” (including the third Bosphorus Bridge) was scheduled to take place on August 23, 2011 through the sealed tender method. However, according to the latest announcement of the General Directorate of Highways (published in the Official Gazette dated August 15, 2011 and numbered 28026); the bidding period has been extended until January 10, 2012. The tender, which will be realized within the frame of Law on Performance of Certain Investments and Services in accordance with the Build-Operate-Transfer Model (Law No: 3996) (published in the Official Gazette dated June 13, 1994 and numbered 21959) (the “BOT Law”), will include the financial supply, project design, construction, operation, any kind of maintenance and repair during operation and the transfer back to the Administration the Northern Marmara Highway, well-kept, operative, functioning, without charge and free from all obligations and commitments. The participants are required to (i) discharge TL100,000 for the purchase of the Information Memorandum and the Tender Specifications, and (ii) submit a bid bond in the amount of TL25mn in order to qualify for submitting a bid for the relevant tender.