European Pump Price Comparison

Brent Crude Prices $/bbl 5yr range - 5 yr ave 130 110 118.8 113.3 104.4 98.2 123.7 112.7 2021 100.0 2022 + OPEC++ production cuts + Impact of Iran & Venezuela sanctions + Improved mobility following vaccine deployments + Russia-Ukraine war 90 90 87.2 83.7 81.4 75.0 74.6 74.1 73.0 70.8 68.7 70 65.6 64.7 62.2 54.8 - Concerns on global economic development Uncertainties on new variants Year Average Brent Prices ($/bbl) 50 2017 54.3 2018 71.0 30 2019 64.3 2020 41.7 10 2 3 4 5 6 7 8 9 10 11 12 2021 70.7 data as of 31 August 2022, 5 year range shows 2017-2021 Sep-22 Investor Presentation Refining Market www.tupras.com.tr 4

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