Investor Presentation

12M 2019 Results 12M 1.7 Refining Margins ($/bbl) Tüpraş Net Margin Med Margin Med FY Exp 3.7 0 1 2 3 Tüpraş FY 12M Target 5 3.7 $/bbl net refining margin in 2019 2.8 Med Margin ($/bbl) -3.1 -5.3 Oct-19 Nov-19 Dec-19 February 20 Investor Presentation Financials 9 Capacity Utilization (%) 97.8 97.8% total capacity utilization in 2019 0 20 40 60 80 100 www.tupras.com.tr Operationals 12M 2019 Target 29.2 mn tons of sales and 28.1 m tons of 28.1 28 29.2 30 production in 2019 Production Sales Capex (mn $) 157 mn$ refining CAPEX in 2019 157 150 12M 2019 Target 33

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