Investor Presentation - FX Exposure Management

2020 Expectations(*) Med Complex Refining Margin ~-0.5 $/bbl Weak outlook for mid-distillate cracks • Ural-Brent differential slightly wider compared to 2019 Tüpraş Net Refining Margin ~1.0 $/bbl • Weak performing mid-distillate cracks Strong HSFO and relatively resilient gasoline cracks • ~22 mt production, ~23mt sales and 75 - 80% capacity utilization Refining Capex ~115 million $ • Process improvement projects *Due to the ongoing negative impact of the Covid-19 outbreak on petroleum products demand globally and significant deterioration in crack margins due to the elevated global product inventories, our 2020 expectations were revised. Dec-20 Investor Presentation Appendix www.tupras.com.tr 41

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