European Pump Price Comparison

Tüpraş and Med Refining Margins Tüpraş Net Margin Med Margin 9.3 ($/bbl) 8.1 Gross Inventory Margin Effect Clean Clean Gross NET Margin Margin Net Med Margin Margin 5.7 Q2 2022* 25.6 0.0 25.6 19.8 19.8 44.7 5.3 4.6 3.7 2021 10.5 2.1 8.4 3.6 5.7 1.6 1.7 1.6 1.3 Q2 2021 8.8 1.8 7.0 2.8 4.6 0.3 2022G 13-14 -0.2 2017 2018 2019 2020 2021 Premium to the benchmark Mediterranean peers' refining margin due to: • Ability to use heavier and sour crudes with higher complexity • • Access to a wide range of cheaper sources of crude oil Ability to produce a broad range of refined products with higher value added • Close proximity to major suppliers reduces transport costs • Direct pipeline connections with domestic clients • Lower cost basis and more efficient energy usage * Med Margin is higher than Tüpraş's Net Margin in Q2 2022 after the significant widening in Urals due to Russia-Ukraine war. Weight of Ural crude oil is 100% for crude oil supplies in the theoretical calculation of Med Margin. Sep-22 Investor Presentation Financials www.tupras.com.tr 27

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