Investor Presentaiton

Heavy Crude Price Differentials to Brent ($/bbl) 5 0 -5 -10 -15 -20 -25 -30 -35 -40 Iran Sanctions OPEC+ Cut Decision OPEC+ disagreement OPEC+ Cut Decision Arab Heavy Basrah Heavy Kirkuk Ural Average* 1 2 3 4 5 6 7 8 9 10 11 12 1 2 3 4 5 6 7 8 9 10 11 12 1 2 3 4 5 6 7 8 9 10 11 12 1 2 3 4 5 6 7 8 9 10 11 12 1 2 3 4 5 6 7 8 9 10 11 12 2018 data as of 31 July 2022 Aug-22 Refining Market Investor Presentation 2019 2020 www.tupras.com.tr 2021 2022 *Simple average of listed differentials 8

View entire presentation