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Investor Presentaiton

Brent Crude Prices $/bbl 5yr range 5 yr ave 2021 2022 100 90 87.2 80 75.0 74.6 73.0 70.8 68.7 70 65.6 64.7 62.2 60 54.8 50 40 30 20 10 10 83.7 81.4 74.1 + OPEC++ production cuts + Impact of Iran & Venezuela sanctions + Improved mobility following vaccine deployments Concerns on global economic development Uncertainties concerning new variants Year Average Brent Prices ($/bbl) 2017 54.3 2018 71.0 2019 64.3 2020 41.7 2 3 4 5 6 7 8 9 10 11 12 2021 70.7 data as 31 January 2022 Feb-22 Investor Presentation Refining Market www.tupras.com.tr 4
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