Investor Presentation

Balance Sheet Analysis Strong balance sheet maintained despite weaker operational profitability Net Debt Redemption Schedule Billion TL 6.9 6.1 6.2 12.0 10.6 10.1 Billion TL 8.7 6.0 8.4 5.2 Loan Eurobond TL bond 1.6 1.6 4.6 0.2 Dec-15 Dec-16 Dec-17 Dec-18 Mar-19 Jun-19 Sep-19 Dec-19 1 year 1-2 years 2-3 years 3-4 years 4-5 years Over 5 years Working Capital Requirement Billion TL 2.1 0.8 -0.2 Dec-15 Dec-16 Dec-17 4.7 1.6 -0.7 -2.3 -3.6 Dec-18 Mar-19 Jun-19 Sep-19 Dec-19 February 20 Financials Investor Presentation www.tupras.com.tr Proactive Financial Management • Deleveraging continues despite • operational headwinds Dynamic liquidity management ensures optimal cash and receivables management 28

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