TÜPRAŞ-TÜRKİYE PETROL RAFİNERİLERİ A.Ş.

Notice of Dividend Amount • Mar 9, 2023

Summary Info	Disclosure regarding entering the relevant template in relation to Final Ex- Dividend Date which was determined at the General Assembly
Update Notification Flag	Yes
Correction Notification Flag	No
Postponed Notification Flag	No

Decision Date	10.02.2023
Date of Related General Assembly	08.03.2023
Was The Issue of Dividend Payment Negotiated?	Discussed
Type of Cash Dividend Payment	Payment In Advance
Currency Unit	TRY
Stock Dividend	Will Not Be Paid

Cash Dividend Payment Amount and Rates

Share Group Info	Payment	Cash Dividend To Be Paid For Share With Par Value of 1 TL - Gross (TL)	Cash Dividend To Be Paid For Share With Par Value of 1 TL - Gross (%)	Withholding Rate (%)	Cash Dividend To Be Paid For Share With Par Value of 1 TL - Net (TL)	Cash Dividend To Be Paid For Share With Par Value of 1 TL - Net (%)
A Grubu, TUPRS, TRATUPRS91E8	Payment In Advance	45,4121860	4.541,2186	10	40,8709674	4.087,09674
C Grubu, İşlem Görmüyor, TRETPRS00011	Payment In Advance	45,4121860	4.541,2186	10	40,8709674	4.087,09674

Dividend Dates

Payment	Proposed Ex-Dividend Date	Final Ex-Dividend Date	Payment Date	Record Date
Payment In Advance	10.03.2023	10.03.2023	14.03.2023	13.03.2023

(1) The date that the dividend will be paid and the share will start trading without dividend right (proposed).

(2) The date that the dividend will be paid and the share will start trading without dividend right (finalized).

(3) Date of entry to the accounts of the shareholders whose shares are traded on the stock exchange.

(4) Date of determination of the right holders of the type of shares traded on the stock exchange.

Amount and Rate of Cash Dividend Stock Dividend Payment

Share Group Info	Amount of Stock Dividend (TL)	Rate of Stock Dividend (%)
A Grubu, TUPRS, TRATUPRS91E8	0	0
C Grubu, İşlem Görmüyor, TRETPRS00011	0	0

Additional Explanations

Financial statements prepared by Turkish Petroleum Refineries Corporation management in compliance with the TAS/TFRS standards for the accounting period 01.01.2022 and 31.12.2022 and audited by PwC Bağımsız Denetim ve Serbest Muhasebeci Mali Müşavirlik A.Ş. are examined and approved by our Board of Directors to be presented to General Assembly.

As a result of the examination of financial tables and records kept as per Turkish Petroleum Refineries Corporation's VUK principles;

Realizing a net profit of TL 41,044,621,000 for the company according to the financial statements prepared in compliance with TAS/TFRS and a net profit of TL 34,891,189,014.29 and a previous year loss of TL 3.523.207.956.78 for the accounting year according to the VUK records;

a)Pursuant to Article 519 of the Turkish Commercial Code, 5% Legal Reserve that needs to be set aside is not reserved since as of December 31st 2022, capital reserve already exceeds 20% of company's equity.

Net profit according to the financial statements prepared in compliance with TAS/TFRS in the amount of TL 41,044,621,000 increases to TL 41,332,384,392.21 of first assessment base for dividend when donations of TL 287,763,392.21 are added.

According to statutory records, having deducted the accumulated loss of TL 3,523,207,956.78 recorded in previous years from current year net profit, TL 31,367,981,057.51 of net distributable profit was realized.

b) In accordance with Capital Market Board Regulations, 18th Article of Company's Articles of Association and Dividend Distribution policy of our company which was approved by shareholders in the General Assembly meeting dated 31 March 2014, by taking into consideration Company's long term strategies, investment and financing policies, profitability and cash position, and taking into consideration of ongoing uncertainties both in global and local markets and access to funding, the following profit distribution is proposed as;

TL 12,500,000,000.00 to be distributed as first dividend to shareholders.

TL 1,248,623,717.43 to be put aside as general legal reserve,

c) The dividend amount of TL 12,500,000,000.00 to be fully paid in cash,

d) If the above-mentioned dividend distribution proposal is approved by the General Assembly, on the basis of statutory accounts, by deducting accumulated loss of TL 3,523,207,956.78 from current year profit, the total dividend amount of TL12,500,000,000.00 will be distributed. General legal reserve with a value of TL1,248,623,717.43 will be funded from current earnings of the period.

e) After distribution of dividend, TL27,295,997,282.57 in the financial statements, which was prepared in compliance with TAS/TFRS to be transferred to retained earnings, according to statutory accounts, TL17,619,357,340.08 will be accounted as extraordinary reserve

f) On this basis, a cash dividend of gross=net TL45.4121860 is to be paid for one nominal stock worth TL 1.00 at a rate of 4,541.22% to our legally obligated corporate taxpayer shareholders and limited corporate taxpayer shareholders earning dividends through a Turkey-based business or permanent representation office. Other shareholders are going to be paid a gross rate of 4,541.22%, a cash dividend of gross TL 45.4121860 , and net rate of 4,087.1% a cash dividend of net TL 40.870974 for one nominal stock worth TL1.00

g) To set the dividend distribution date as March 10, 2023.

To be submitted for the approval of our shareholders at the Ordinary General Assembly Meeting of our company to be held, with the developments in the financial markets and changes in our company's liquidity position, it has been decided that, should favourable conditions arise in the second half of the year, the possibility of distributing additional dividends with an extraordinary general assembly will be separately assessed .

This statement has been translated intro English for informational purposes, in case of a discrepancy between the Turkish and the English versions of this disclosure statement, the Turkish versiyon shall prevail.

Supplementary Documents

Appendix: 1	Kar_Dagitim_Tablosu_2022.pdf
Appendix: 2	Dividend_Distribution_2022.pdf

DIVIDEND DISTRIBUTION TABLE

TÜPRAŞ-TÜRKİYE PETROL RAFİNERİLERİ A.Ş. 01.01.2022/31.12.2022 Period Dividend Payment Table (TL)

1.Paid-In / Issued Capital	275.256.514
2. Total Legal Reserves (According to Legal Records)	503.342.592

*	Based on CMB Regulations	Based on Legal Records
3. Current Period Profit	39.875.557.000	36.641.128.306,15
4. Taxes Payable (-)	-1.385.010.000	1.749.939.291,86
5. Net Current Period Profit	41.044.621.000	34.891.189.014,29
6. Losses in Previous Years (-)		3.523.207.956,78
7. Primary Legal Reserve (-)
8. Net Distributable Current Period Profit	41.044.621.000	31.367.981.057,51
Dividend Advance Distributed (-)
Dividend Advance Less Net Distributable Current Period Profit
9. Donations Made During The Year ( + )	287.763.392,21
10. Donation-Added Net Distributable Current Period Profit on which First Dividend Is Calculated	41.332.384.392,21
11. First Dividend to Shareholders
* Cash	12.500.000.000	13.762.825,7
* Stock
12. Dividend Distributed to Owners of Privileged Shares
13. Other Dividend Distributed
* To the Employees
* To the Members of the Board of Directors
* To Non-Shareholders
14. Dividend to Owners of Redeemed Shares
15. Second Dividend to Shareholders		12.486.237.174,3
16. Secondary Legal Reserves	1.248.623.717,43	1.248.623.717,43
17. Statutory Reserves
18. Special Reserves
19. Extraordinary Reserves	27.295.997.282,57	17.619.357.340,08
20. Other Distributable Resources

Dividend Payment Rates Table

Share Group	CASH DIVIDEND AMOUNT (TL) - NET	STOCK DIVIDEND AMOUNT (TL)	TOTAL DIVIDEND AMOUNT (TL) / NET DISTRIBUTABLE CURRENT PERIOD PROFIT (%)	DIVIDEND TO BE PAID FOR SHARE WITH PAR VALUE OF 1 TL - NET (TL)	DIVIDEND TO BE PAID FOR SHARE WITH PAR VALUE OF 1 TL - NET (%)
A Grubu	11.926.398.699,73		29,06	40,8709674	4.087,1
C Grubu	0,45
TOTAL	11.926.398.700,19		29,06	40,8709674	4.087,1

Dividend Rate Table Explanations

(*) With this calculation of dividend distribution, 54.11% shares are owned by corporate tax payers and are not publicly traded, are not subjet to with holding tax, whilst 0.21% shares of individual shares that are not publicly traded and 45.7% shares that are publicly traded are subject to a 10% with holding tax on the assumption that the beneficial owners are individual taxpayers.