[CONSOLIDATION_METHOD_TITLE] [CONSOLIDATION_METHOD]
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English
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Forward Looking Evaluations
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Explanations
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2022 expectations are given below;

Med Complex Margin

Med Complex Refining Margin expectation is 2 – 3 $/bbl

Tüpraş Net Margin

Tüpraş Net Refining Margin expectation is 4 – 5  $/bbl

Operational Targets

Capacity utilization: 90-95%

Production: ~ 26-27 million tons

Total Sales: ~28-29 million tons

Investments

Total investments expectation is ~300 Million $

Approximately 45% of our investments are focused on sustainability, including energy efficiency and environmental projects.

In case of a discrepancy between the Turkish and the English versions of this disclosure, the Turkish version shall prevail.