Investor Presentation - FX Exposure Management

Tüpraş and Med Refining Margins 10 10 8 6420Ņ 8.1 5.3 -2 2017 12M Average Margins Tüpraş Net Margin Med Margin 9.3 4.6 3.7 3.7 2.9 1.7 1.5 2018 12M 2019 12M 2019 9M -0.2 2020 9M Gross ($/bbl) Margin Inventory Effect Clean Gross Clean NET Margin Margin Net Margin Med Margin 2020 Q3 6.7 2.9 3.8 -0.8 2.1 -1.9 2020 9M 6.7 -0.2 7.0 1.7 1.5 -0.2 2019 Q3 9.1 -1.4 10.6 5.4 4.0 3.3 2019 9M 9.0 -0.1 9.1 3.8 3.7 2.9 Dec-20 Financials Investor Presentation www.tupras.com.tr 26

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