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Investor Presentation

Competition # 1 (SOCAR-STAR Refinery) STAR Refinery (Total Cap. 10 mn ton) Production 2019 mn ton Goldman Sachs has acquired a 13% stake in SOCAR Turkey for $1.3 billion. Goldman Sachs has the right to resell 10% of its stakes to Socar, and the remaining 3% to 'Sermaye Investments Limited' owned by SOCAR within 6 years at the same price. Tüpraş Star Total Turkish Demand Balance LPG 1.1 0.3 1.4 4.1 -2.7 Credit 3.3 Billion $ Equity 2.4 Billion $ • 3.3 billion $ credit agreement. First 4 years grace period total 15-18 years term. Petchem Feeds 0.2 2.6 2.8 Gasoline 6.1 6.1 2.4 3.7 Total 5.7 Billion $ Project finance is supplied to company (1.5 Billion $). Jet Fuel 5.2 1.6 6.8 5.2 1.6 Investment It is operational as of 2019. Diesel 10.7 4.5 15.2 26.5 -11.3 Star Refinery Production Numbers (k ton) Coke 0.8 0.7 1.5 4.6 -3.1 Diesel 4,500 Jet Fuel 1,600 Fuels Sulphur 158 Petrocoke 698 Fuel Oil 1.8 1.8 1.3 0.5 Bitumen 3.1 3.1 3.1 LPG 260 Petrochemical Feedstock Naptha 1,600 Mixed xylene 460 Reformate 524 Investor Presentation www.tupras.com.tr OUTLOOK 48
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