Investor Presentation November 2020

10 Jan-16 20 20 30 40 40 50 Brent Crude Prices + OPEC++ production cut + Impact of Iran & Venezuela sanctions + Escalating regional tension $/bbl 90 60 26 70 80 30.7 2016 ave. 43.7 $/bbl OPEC Production Cut Decision Apr-16 Jul-16 Oct-16 data as of 31 October 2020 Nov-20 Investor Presentation Refining Market Jan-17 Apr-17 Jul-17 Oct-17 Jan-18 - Concerns on global economic development Covid-19 related demand drop Storage capacity fill up 81.2 2018 ave. 71.0 $/bbl 2017 ave. 2019 ave. 54.3 $/bbl 64.3 $/bbl Apr-18 www.tupras.com.tr Jul-18 Iran Sanctions 1 All waivers expired on I Oct-18 Jan-19 Apr-19 I Jul-19 31.8 67.0 55.4 Drone Attack to Iran Saudi Fields ¦ I I I 29.0 Covid-19 & OPEC+4 disagreement I ¡ OPEC++ I 18.5 Production I i Cut Decision Oct-19 Jan-20 Apr-20 Jul-20 Oct-20 4 43.4 40.1 40.8 40.2

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