Investor Presentation

Tüpraş Balance Sheet Million TL 31/12/2018 31/12/2017 Difference % Difference Current Assets 20,962 20,366 596 3 Cash & C. Equivalents 5,983 8,802 -2,819 -32 Receivables 5,429 5,027 402 8 Derivatives 176 347 -171 -49 Inventories 6,765 5,291 1,474 28 Pre-paid expenses 109 62 46 74 Other Current Assets 2,502 837 1,665 199 Long Term Assets 19,074 17,797 1,277 7 Financial Assets & Subsidiaries 1,271 1,148 123 11 Fixed Assets 12,397 12,369 29 0 Derivatives 168 101 68 67 Pre-paid expenses 378 99 279 281 Deferred Tax 3,566 3,068 498 16 Other Long Term Assets 1,293 1,013 280 28 Total Assets Short Term Liabilities 40,036 38,163 " 15,950 17,676 1,873 -1,726 5 -10 Financial Loans 4,113 5,274 -1,160 -22 Payables 7,663 8,370 -707 -8 Derivatives 236 177 59 33 Deferred Incomes 5 20 -16 -76 Provisions 80 90 -10 -11 Other ST Liabilities 3,852 3,745 107 3 Long Term Liabilities Financial Loans Payables & Provisions 24,086 20,487 3,599 18 13,836 9,777 4,059 42 257 224 34 15 Derivatives 42 3 39 1,156 Other LT Liabilities 5 5 -1 -13 Equity 9,825 10.373 -549 -5 Minority Interests 121 104 17 16 40,036 38,163 1,873 5 Total Liabilities Investor Presentation KEY FINANCIALS www.tupras.com.tr 40

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