January 20 Investor Presentation

Gasoline and High Sulphur Fuel Oil Cracks $/bbl Gasoline 5yr range 2020 2019 5 yr ave 25 0 20 20 15 12.1 14.7 11.0 12.0 10 10.6 10.0 9.4 7.0 9.0 High Sulphur Fuel Oil 5yr range 2020 2019 5 yr ave -5.0 -5.5 -7.0 -6.9 -8.6 -9.8 -11.3 -26.6 -13.4 -16.9 -22.5 4.3 -31.6 2.9 0 1.7 1 -32.9 -35 2 3 4 5 6 7 8 9 10 11 12 1 2 3 4 5 6 7 8 9 10 11 12 5 yr between 2015-2019, data as of 6 Jan 2020 January 20 Investor Presentation Refining Market www.tupras.com.tr 7

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