TURCAS PETROL A.Ş.

Notice of Dividend Amount • Jun 22, 2018

Summary Info	2017 Dividend Distribution
Update Notification Flag	Yes
Correction Notification Flag	No
Postponed Notification Flag	No

Board Decision Date	16.04.2018
Date of Related General Assembly	21.06.2018
Was The Issue of Dividend Payment Negotiated?	Discussed
Type of Cash Dividend Payment	Cash Dividend Will Not Be Paid
Currency Unit	TRY
Type of Stock Dividend Payment	Will Not Be Paid

Amount and Rate of Cash Dividend Payment

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 (%)	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, TRCAS, TRATRCAS92E6		0	0	0	0
B Grubu, İşlem Görmüyor, TRETRCS00019		0	0	0	0
C Grubu, İşlem Görmüyor, TRETRCS00027		0	0	0	0

Amount and Rate of Cash Dividend Stock Dividend Payment

Share Group Info	Amount of Stock Dividend (TL)	Rate of Stock Dividend (%)
A Grubu, TRCAS, TRATRCAS92E6	0	0
B Grubu, İşlem Görmüyor, TRETRCS00019	0	0
C Grubu, İşlem Görmüyor, TRETRCS00027	0	0

Additional Explanations

Pursuant to Resolution of Board of Directors no. 2018/07 of 16.04.2018; In accordance with 2017 year-end consolidated financial statements dated 31.12.2017 prepared and audited in accordance with the regulations of Capital Markets Board, due to the previous years' losses, there is no profit available for distrubiton according to the Profit Distrubiton Table, it is decided not to distrubute profit and the decision approved by the shareholders during 2017 Annual General Assembly Meeting held on 21.06.2018

On the other hand, as we announced in our Material Disclosure dated 15.03.2018, t he portion of TL 14,400,000.00 of the total 14.471.225,91 TL shares repurchased in accordance with the legislation be redeemed according to the procedures of decreasing capital not requiring fund outflow in accordance with the related legislation and the decision approved by shareholders during 2017 Annual General Assembly Meeting held on 21.06.2018

We hereby declare that our above disclosure is compliant with the principles stated under the Communiqué No 54 Series VIII of the Capital Market Board, that it reflects the information known to us fully, that the information are compliant with our legal books, records and documents, that we use our best efforts to obtain the information related to the subject fully and correctly, and that we are responsible for any disclosure herein.

Kind regards,

Supplementary Documents

Appendix: 1	Dividend Distrubution Table 2017.pdf
Appendix: 2	Kar Dagitim Tablosu 2017.pdf

DIVIDEND DISTRIBUTION TABLE

TURCAS PETROL A.Ş. 01.01.2017/31.12.2017 Period Dividend Payment Table (TL)

1.Paid-In / Issued Capital	270.000.000
2. Total Legal Reserves (According to Legal Records)	39.953.107,27

*	Based on CMB Regulations	Based on Legal Records
3. Current Period Profit	64.823.058	142.474.674
4. Taxes Payable (-)	0	0
5. Net Current Period Profit	65.513.737	142.474.674
6. Losses in Previous Years (-)	0	348.831.744,13
7. Primary Legal Reserve (-)	0	0
8. NET DISTRIBUTABLE CURRENT PERIOD PROFIT	65.513.737	-206.357.070,13
Dividend Advance Distributed (-)	0	0
Dividend Advance Less Net Distributable Current Period Profit	0	0
9. Donations Made during the Year ( + )	278.982,9	0
10. Donation-Added Net Distributable Current Period Profit on which First Dividend Is Calculated	65.792.719,9	0
11. First Dividend to Shareholders	0	0
* Cash	0	0
* Stock	0	0
12. Dividend Distributed to Owners of Privileged Shares	0	0
13. Other Dividend Distributed	0	0
* To the Employees	0	0
* To the Members of the Board of Directors,	0	0
* To None Shareholders	0	0
14. Dividend to Owners of Redeemed Shares	0	0
15. Second Dividend to Shareholders	0	0
16. Secondary Legal Reserves	0	0
17. Statutory Reserves	0	0
18. Special Reserves	0	0
19. EXTRAORDINARY RESERVES	0	0
20. Other Distributable Resources	0	0

Dividend 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	0	0	0	0	0
B Grubu	0	0	0	0	0
C Grubu	0	0	0	0	0
TOTAL	0	0	0	0	0

Dividend Payment Table Explanation

Pursuant to Resolution of Board of Directors no. 2018/07 of 16.04.2018; In accordance with 2017 year-end consolidated financial statements dated 31.12.2017 prepared and audited in accordance with the regulations of Capital Markets Board, due to the previous years' losses, there is no profit available for distrubiton according to the Profit Distrubiton Table, it is decided not to distrubute profit and the decision shall be submitted to the approval of shareholders during 2017 Annual General Assembly Meeting to be held on 30.05.2018:

On the other hand, as we announced in our Material Disclosure dated 15.03.2018, t he portion of TL 14,400,000.00 of the total 14.471.225,91 TL shares repurchased in accordance with the legislation be redeemed according to the procedures of decreasing capital not requiring fund outflow in accordance with the related legislation and the decision shall be submitted to the approval of shareholders during 2017 Annual General Assembly Meeting to be held on 30.05.2018: