January 20 Investor Presentation

Annual Profit Before Tax Bridge (2017-2018) 2018 PBT was lower mainly due to Crude Oil Differential and Crack Margin impacts. With the help of FX based pricing, FX losses incurred from payables were recovered with Inventory Gains. Million TL 4,474 2,129 -311 -660 -293 -1,779 164 3,724 2017 Inventory Gain Crack Margin Crude Oil Differential Production FX Other 2018 January 20 Financials Investor Presentation www.tupras.com.tr 31

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