January 20 Investor Presentation

Tüpraş and Med Margins 199/$ Tüpraş Net 9M Margins Med Margin 10.7 6.9 5.3 4.6 3.6 2015 2016 8.5 2017 5.8 4.5 3.7 2.9 2018 2019 ($/bbl) Gross Margin Inventory Effect Clean Gross Margin Clean NET Margin Med Margin 2019 Q3 9.1 -1.4 10.6 5.4 3.3 2019 9M 9.0 -0.1 9.1 3.8 2.9 2018 Q3 17.6 3.1 14.5 10.4 5.1 2018 9M 16.0 2.5 13.6 8.3 4.5 January 20 Financials Investor Presentation www.tupras.com.tr 26

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