Tüpraş Investor Presentation August 2019

Brent Crude Oil Prices ($/bbl) 100 90 80 70 60 54.5 50 40 30 20 10 0 Emery Jan-17 Feb-17 Mar-17 Source Platts As of August 7th. Investor Presentation www.tupras.com.tr REFINING INDUSTRY Apr-17 May-17 Jun-17 Jul-17 Aug-17 Sep-17 Oct-17 Nov-17 Dec-17 Jan-18 Feb-18 Mar-18 Apr-18 May-18 Jun-18 Jul-18 Aug-18 Sep-18 Oct-18 Nov-18 Dec-18 Jan-19 Feb-19 Mar-19 Apr-19 May-19 Jun-19 Jul-19 Aug-19 55.2 PROS • OPEC+ supply cut • Political instabilities in Middle East, Africa • and Latin America Impact of sanctions CONS • Increase in shale production in US . Inventory Levels Impact of trade disputes • Weak PMI in Europe and China 50

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