January 20 Investor Presentation

20 20 Jan-16 38 32 30.7 26 Feb-16 Mar-16 Apr-16 56 62 68 50 50 2016 ave. 44 43.7 $/bb May-16 Jun-16 Jul-16 January 20 Investor Presentation Refining Market Aug-16 Sep-16 74 80 60 Brent Crude Prices + OPEC and its allies increasing output cuts + Impact of Iran & Venezuela sanctions + Escalating regional tension $/bbl 86 - Oct-16 Nov-16 Dec-16 Jan-17 I OPEC Production Cut Decision 2017 ave. 54.3 $/bbl Feb-17 Mar-17 Apr-17 May-17 Jun-17 Jul-17 Aug-17 Sep-17 Oct-17 Nov-17 Dec-17 Jan-18 Feb-18 Mar-18 www.tupras.com.tr Apr-18 May-18 Jun-18 I Concerns on global economic development 81.2 2018 ave. 71.0 $/bbl Jul-18 Aug-18 Sep-18 Oct-18 Nov-18 Dec-18 Jan-19 Feb-19 Mar-19 Apr-19 China's purchases to slow as approaching long-term reserve targets Iran Sanctions I I All waivers expired on Iran Drone Attack to ¦ Saudi Fields May-19 Jun-19 Jul-19 Aug-19 I Sep-19 Oct-19 Nov-19 Dec-19 Jan-20 4 2019 ave. 64.3 $/bbl 67.0

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