TÜPRAŞ-TÜRKİYE PETROL RAFİNERİLERİ A.Ş.

Capital/Financing Update • Oct 18, 2017

Summary Info	Debt Instrument Issuance – Completion
Update Notification Flag	Yes
Correction Notification Flag	No
Postponed Notification Flag	No

Board Decision Date	17.07.2017

Related Issue Limit Info

Currency Unit	USD
Limit	700.000.000
Issue Limit Security Type	Dept Securities
Sale Type	Oversea
Domestic / Oversea	Oversea

Capital Market Instrument To Be Issued Info

Type	Bond
Maturity Date	18.10.2024
Maturity (Day)	2.558
Interest Rate Type	Fixed Rate
Interest Rate - Yearly Simple (%)	4.50
Sale Type	Oversea
Approval Date of Tenor Issue Document	17.10.2017
Ending Date of Sale	18.10.2017
Maturity Starting Date	18.10.2017
Nominal Value of Capital Market Instrument Sold	700.000.000
Issue Price	100
Coupon Number	14
Currency Unit	USD

Redemption Plan of Capital Market Instrument Sold

Coupon Number	Payment Date	Record Date	Payment Date	Interest Rate (%)	Payment Amount	Exchange Rate	Was The Payment Made?
1	18.04.2018	17.04.2018	18.04.2018	4,5	15.750.000
2	18.10.2018	17.10.2018	18.10.2018	4,5	15.750.000
3	18.04.2019	17.04.2019	18.04.2019	4,5	15.750.000
4	18.10.2019	17.10.2019	18.10.2019	4,5	15.750.000
5	18.04.2020	17.04.2020	20.04.2020	4,5	15.750.000
6	18.10.2020	16.10.2020	19.10.2020	4,5	15.750.000
7	18.04.2021	16.04.2021	19.04.2021	4,5	15.750.000
8	18.10.2021	15.10.2021	18.10.2021	4,5	15.750.000
9	18.04.2022	15.04.2022	18.04.2022	4,5	15.750.000
10	18.10.2022	17.10.2022	18.10.2022	4,5	15.750.000
11	18.04.2023	17.04.2023	18.04.2023	4,5	15.750.000
12	18.10.2023	17.10.2023	18.10.2023	4,5	15.750.000
13	18.04.2024	17.04.2024	18.04.2024	4,5	15.750.000
14	18.10.2024	17.10.2024	18.10.2024	4,5	15.750.000
Principal/Maturity Date Payment Amount	18.10.2024	17.10.2024	18.10.2024	4,5	700.000.000

Other Developments Regarding Issue

Additional Explanations

Upon obtaining the Tranche Issuance Certificate from the Capital Markets Board on 17 October 2017, the sale of the US$700 million 7-year notes, with the maturity date of 18 October 2024, with a fixed coupon rate of 4,50%, issued to investors outside of Turkey, and listing of the notes to the London Stock Exchange has been completed. As of 18 October 2017, the proceeds have been transferred to the Company's accounts.

This statement has been 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.