Koç Holding Investor Presentation

Middle Distillate Cracks ($/bbl) 20 1614,8 12,1 12,2 12,4 120 O 8 4 10,4 7,2 Diesel 2015 2016 2017 ► 2018 Jet Fuel 20 15,1 14,4 15 11,9 11,5 10,0 10 9,5 7,6 6,6 5 13.6 11,4 9,1 8,0 0 0 Jan Feb *Mar Apr May Jun Jul Agu Sep Oct Nov Dec Jan Feb *Mar Apr May Jun Jul Agu Sep Oct Nov Dec *As of March 27th Source: Platts Investor Presentation www.tupras.com.tr REFINING INDUSTRY 6

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