Investor Presentation - FX Exposure Management

European Pump Price Comparison Turkish fuel prices are highly competitive with other European countries. Gasoline (TL/Lt) Refinery Price ■Dist. Margin Tax 12 12 10 8 6.64 6.60 6.15 6.14 5.86 4.55 6 5.69 3.45 Diesel (TL/Lt) Refinery Price ■Dist. Margin Tax 12 10 60 6.21 4.49 5.55 5.75 4.78 3.85 4.37 2.58 4 0.00 0.70 0.00 -0.00 0.54 0.96 0.95 0.00 0.00 0.00 0.76 0.91 0.92 0.80 0.73 0.87 4.52 2 3.93 2 4.10 3.56 3.72 3.94 2.83 3.02 3.17 2.79 2.73 2.89 3.02 3.05 3.18 2.37 0 TR Spa. Ger UK Eu19 Fra. European prices as of 16th December - Turkeys prices as of 24th December 2019 Dec-20 Investor Presentation Appendix Gre. Ita. www.tupras.com.tr TR Spa. Ger. EU19 Gre. Fra. Ita. UK 47

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