Investor Presentation - FX Exposure Management

Gasoline and High Sulphur Fuel Oil Cracks $/bbl Gasoline 5yr range 2020 2019 5 yr ave 25 0 20 20 -10 High Sulphur Fuel Oil 5yr range 2020 2019 5 yr ave -3.8 -4.4 -4.8 -5.5 -5.0 -5.5 -7.0 -8.6 -7.8 -8.1 -6.9 -7.5 -8.4 -9.8 -11.3 -13.4 15 14.7 -16.9 -15.8 12.1 -20 11.0 12.0 10 5 7.7 X 9.8 10.6 -22.4 10.0 9.4 7.7 9.0 6.4 4.3 4.6 5.1 -30 4.1 4.3 -22.5 -31.6 -32.9 3.3 2.9 3.1 2.4 0 1.7 1 -40 2 3 4 5 6 7 8 9 10 11 12 1 2 3 4 5 6 7 8 9 10 11 12 5 yr between 2015-2019, data as of 30 November 2020 Dec-20 Investor Presentation Refining Market www.tupras.com.tr 7

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