TURCAS PETROL A.Ş.

Share Issue/Capital Change • Mar 15, 2018

Summary Info	Capital Decrease by Redeeming the Buy-Back Shares Owned by Our Company
Update Notification Flag	No
Correction Notification Flag	No
Postponed Notification Flag	No

Board Decision Date	14.03.2018
Authorized Capital (TL)	0
Paid-in Capital (TL)	270.000.000
Target Capital (TL)	255.600.000

Capital Decrease

Share Group Info	Paid-in Capital (TL)	Capital To Be Decreased (TL)	Capital To Be Decreased (%)
A Grubu, TRCAS, TRATRCAS92E6	269.999.850	14.400.000	5,33333
B Grubu, İşlem Görmüyor, TRETRCS00019	112,5
C Grubu, İşlem Görmüyor, TRETRCS00027	37,5

	Paid-in Capital (TL)	Capital To Be Decreased (TL)	Capital To Be Decreased (%)
TOTAL	270.000.000	14.400.000,000	5,33333

Additional Explanations

BORSA İSTANBUL

İSTİNYE-İSTANBUL

According to our Board of Directors Decision on 14.03.2018. It has been resolved that:

i) Our Company is the holder of its own 14,471,335.91 shares with a nominal value TL 14,471,335.91 corresponding to 5.36% of the paid-up capital of the Company. In order to eliminate the effect on our share price, caused by the uncertainity that our current or potential investors may feel about how the mentioned buy-back shares will be treated in the future;

the portion of TL 14,400,000.00 of the shares with the nominal value of TL 14,471,335.91 repurchased in accordance with the legislation be redeemed according to the procedures of decreasing capital not requiring fund outflow in accordance with paragraph nine of Article 19 of the Communiqué with Serial No. II-22.1on Buy-Back Shares of the Capital Markets Board and the current paid-up capital of the Company in the amount of TL 270,000,000.00 be decreased to TL 255,600,000.00 ("Capital Decrease Procedure").

ii) The above mentioned Capital Decrease Procedure be made according to the procedure as provided for in paragraphs 6, 9, 10 and 11 of the Communiqué with Serial No. II-22.1 on Buy-Back Shares of the Capital Markets Board in accordance with the decision number 23/759 dated 24.07.2014 and Principle Resolution Number İ-SPK.22.1 of the Capital Markets Board;

iii) In accordance with sub-paragraph (c) of paragraph 11 of Article 19 with heading "capital decrease not requiring fund outflow" of the Communiqué with Serial No. VII-128.1 on Shares of the Capital Markets Board, the attached Capital Decrease Report prepared by the Board of Directors be submitted to the Capital Markets Board for obtaining approval,

iv) In case approval is obtained from the Capital Markets Board, the Capital Decrease Procedure be presented to the first General Assembly to be held for obtaining approval.

The applicationed mentioned in paragraph three, have been submitted to Capital Markets Board on 14.03.2018.

The shares subjected to the Capital Decrease Procedure will be redeemed to all our shareholders in propotion to their shares in our Company. Our company is aiming to contribute to its consistent dividend payment policy by redeeming of the mentioned shares.

Further details will be shared with the public in a timely manner.