Investor Presentation

Middle Distillate Cracks ($/bbl) 20 15.9* 1614.9 Diesel 14.3 13.6 13.7 13.6 12.6 12.1 12.2 12 10.4 8 7.2 4 -2016 -2017 -2018 -2019 20 19.5 Jet Fuel 18.1 15.9 16 15.5 15.0 14.4 14.4 14.1 14.4 14.4 13.7* 13.7 13.9 13.2 13.3 12 11.5 11.9 10.0 9.5 8 4 0 0 Jan Feb Mar Apr May Jun July Aug Sep Oct Nov Dec Source: Platts As of February 15th. Investor Presentation www.tupras.com.tr REFINING INDUSTRY 6.6 12.5 15.2 14.3 11.4 9.1 Jan Feb Mar Apr May Jun July Aug Sep Oct Nov Dec 7

View entire presentation