Investor Presentation

Dividend (TL) Avg. Payout Ratio: 90%* 77% 101% 79% 66% 64% 33% 87% 89% 102% 149.1 Strategic Transition Dividend Plan 30% 45.4 Our new business model enables us to pay ~80% average dividends and we will remain as a high dividend payer 15.2 14.8 12.7 10.2 3.2 2.5 2.9 3.0 5.0 5.8 4.8 5.8 7.2 3.9 3.9 1.6 0.0 6.5 16.2 13.6 15.2 2.10.0 0.0 0.0 0% -0% 0.00 0% -10.0 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 EPS DPS Dividend Payout *2009-2018 dividend payout ratio, which is calculated according to distributable net income based on statutory accounts Oct-23 Investor Presentation Appendix www.tupras.com.tr 57

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