TÜPRAŞ-TÜRKİYE PETROL RAFİNERİLERİ A.Ş.

Capital/Financing Update • Oct 18, 2022

Summary Info	10th Coupon Payment
Update Notification Flag	No
Correction Notification Flag	Yes
Postponed Notification Flag	No
Subject of Notification	Coupon Payment
Reason of Correction	International credit rating agency Fitch Ratings has affirmed Long Term Foreign Currency Issuer Default Ratings of our company at B and revised up our company's outlook from "Negative" to "Stable".

Board Decision Date	17.07.2017

Related Issue Limit Info

Currency Unit	USD
Limit	700.000.000
Issue Limit Security Type	Debt Securities
Sale Type	Oversea
Domestic / Oversea	Oversea
Capital Market Board Approval Date	17.10.2017

Capital Market Instrument To Be Issued Info

Central Securities Depository	Clearstream
The country where the issue takes place	İngiltere
Type	Bond
Maturity Date	18.10.2024
Maturity (Day)	2.558
Interest Rate Type	Fixed Rate
ISIN Code	XS1686704948
Payment Type	Foreign Exchange Payment
Ending Date of Sale	18.10.2017
Traded in the Stock Exchange	No
Maturity Starting Date	18.10.2017
Nominal Value of Capital Market Instrument Sold	700.000.000
Coupon Number	14
Currency Unit	USD
Coupon Payment Frequency	Once Every Six Months

Redemption Plan of Capital Market Instrument Sold

Coupon Number	Payment Date	Was The Payment Made?
1	18.04.2018	Yes
2	18.10.2018	Yes
3	18.04.2019	Yes
4	18.10.2019	Yes
5	18.04.2020	Yes
6	18.10.2020	Yes
7	18.04.2021	Yes
8	18.10.2021	Yes
9	18.04.2022	Yes
10	18.10.2022	Yes
11	18.04.2023
12	18.10.2023
13	18.04.2024
14	18.10.2024
Principal/Maturity Date Payment Amount	18.10.2024

Rating

Does the issuer have a rating note?	Yes

Issuer Rating Note

Rating Company	Rating Note	Rating Date	Is it Investment Grade?
Fitch Ratings	B	14.10.2022	No

Does the capital market instrument have a rating note?	Yes

Capital Market Instrument Rating Note

Rating Company	Rating Note	Rating Date	Is it Investment Grade?
Fitch Ratings	B	14.10.2022	No

Does the originator have a rating note?	No

Other Developments Regarding Issue

Additional Explanations

Upon obtaining the Tranche Issuance Certificate from the Capital Markets Board of Turkey on 17 October 2017, the sale of US $700 million 7-year notes–with a fixed coupon rate of 4,50%, and a maturity date of 18 October 2024–to investors outside Turkey has been completed on 18 October 2017 and notes have been quoted on the London Stock Exchange. US $15.750.000 coupon payment has been made by our company to Citibank New York Account in order to be transferred to the related investors' accounts. This statement was translated into English for informational purposes. In case of a discrepancy between the Turkish and the English versions of this disclosure statement, the Turkish version shall prevail.