January 20 Investor Presentation

Balance Sheet Analysis Strong balance sheet maintained. Net Debt Billion TL 6.9 6.1 6.2 Loan 12.0 10.6 10.1 Billion TL 6.8 8.7 3.9 Redemption Schedule Eurobond TL bond Total 1.5 1.5 0.9 4.2 Dec-15 Dec-16 Dec-17 Dec-18 Mar-19 Jun-19 Sep-19 1 year 1-2 years 2-3 years 3-4 years 4-5 years Over 5 years Billion TL 0.8 Working Capital Requirement -0.2 2.1 4.7 1.6 -0.7 -2.3 Dec-15 Dec-16 Dec-17 Dec-18 Mar-19 Jun-19 Sep-19 January 20 Financials Investor Presentation www.tupras.com.tr Proactive Financial Management • • Delevering continues despite operational headwinds Dynamic liquidity management ensures optimal cash and receivables management 29

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