Investor Presentation Aug-21

FX Exposure Management (31 March 2021) Tüpraş continues to employ strict FX policies to mitigate currency risks stemming from volatility. A significant portion of the Group's crude oil and refined product purchases are denominated in US Dollars. In addition, the Group finances its capital expenditures mostly through borrowings denominated in US Dollars. • Natural Hedge: The Group is able to mitigate some of the impact of volatility in exchange rates through natural hedges: crude oil and refined product inventories are US Dollar denominated assets. • Cash flow Hedge: RUP Facility financing loans designated as hedging instruments of highly probable export revenues. • As a general Koç Holding financial policy, Group. companies are allowed to keep foreign exchange positions within certain limits. *Cash Flow Hedge Consolidated Hard Currency Assets Cash 336 Receivables & Other Assets 128 Stock 1,478 Forward 2,324 CFH* 540 Consolidated Hard Currency Liabilities Million $ Payables & Other Liabilities 2,373 ST Financial Loans 1,052 • RUP: 198 • Other: 853 +81 mn $ LT Financial Loans 1,301 RUP: 385 Eurobond: 700 Other Loans: 216 Aug-21 Investor Presentation Financials www.tupras.com.tr 35

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