Koç Holding Investor Presentation

Light Distillate Cracks ($/bbl) 24 18 18,6 13,5 12 9,8 10,2 10,6 6 11.8 2015 2016 2017 ► 2018 Gasoline Naphta 2,7 4 2,4 2 0 -0,5 -1,5 -2 -4 -3,6 -4,0 15,7 -64,9 -4,8 <7,3 -8 Jan Feb *Mar Apr May Jun Jul Agu Sep Oct Nov Dec 11,9 0 -2,2 9,7 -10 -172 -20 -21,5 -22,3 -30 -26,8 LPG -4,7 -16,2 -20,6 -40 Feb *Mar Apr May Jun Jul Agu Sep Oct Nov Dec Jan Feb *Mar Apr May Jun Jul Agu Sep Oct Nov Dec 0 Jan *As of March 27th Source: Platts Investor Presentation www.tupras.com.tr REFINING INDUSTRY 7

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