ENVIRONMENTAL MANAGEMENT SYSTEM POLICY

We obey all laws and arrangements related with environment and we seek continuous improvement, not only in our country also in countries where we work. While we execute our activities, we determine our effects to the environment and if the negative effects exist, we do our best to minimize them.

While we execute our activities, we use the energy and other resources effectively and we take precautions for continuous saving. We take our wastes under control, we minimize the pollution of the soil, water and air with the convenient techniques. We make necessary announcements and apply training program to make our employees aware of the environment consciousness.

We announce the effects of our services to the environment to  public opinion and we share our knowledge with them.

Aydın YURDAYAR
_________________
Chairman & CEO
April 18, 2001

METALEX POLICY STATEMENT FOR HEALTH AND SAFETY

Safety is as important as other business activities of Metalex.

Accidents and injuries are unacceptable.

The main objective of Safety Regulations is to avoid human suffering from injuries and damage to properties and all these regulations are to be compiled with in a strict manner. Where necessary third party certificates will be obtained from the competent bodies declared in that field.

Safety is the line management responsibility in broad sense but principally, the responsibility for Safety lies with each individual employee, from management down to assistant of each employee.

We shall give the necessary care for both safety and work procedures in order to achieve our target of ZERO LOST TIME INCIDENTS by promoting personnel safety awareness, safety training and mitigation of unsafe work practices through our Safety and Line Management personnel.

We shall conduct our activities in a manner that ensures the health and safety of our staff, our sub-contractor employees and other persons whom our activities effect. We shall ensure the protection and the safe operation of all plant and equipment. We shall protect the environment and wherever possible return the surroundings to their natural state. We shall comply fully with all laws and statues of the Country of Operations and in areas specific to oil and gas operations, impose more stringent standards and
procedures where applicable.

We shall similarly comply with the regulations of our clients. In Overall Management we shall comply with OHSAS 18001 Occupational Health and Safety System. It is our ultimate objective that all Metalex staff does everything possible to prevent accidents before it happens thereby creating a safe environment in which to work.

This H.S.E. Policy also applies to all sub-contract personnel of Metalex.

Aydın YURDAYAR
_________________
Chairman & CEO
April 18, 2001