January 20 Investor Presentation

Q3 Profit Before Tax Bridge (2018-2019) Decline in profit before tax was driven by narrow differentials and natural gas price hikes. Million TL 678 31 -549 -50 +2,473 FX -2,384 Inventory -385 -146 38 90 Q3 2018 PBT Crack Margin Differentials Production Natural Gas & Other OPEX Inventory & FX Other Q3 2019 PBT January 20 Financials Investor Presentation www.tupras.com.tr 30

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