TÜPRAŞ-TÜRKİYE PETROL RAFİNERİLERİ A.Ş.

Capital/Financing Update • Oct 12, 2017

Summary Info	Debt Instrument Issuance – Pricing
Update Notification Flag	No
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
Maturity Starting Date	18.10.2017
Nominal Value of Capital Market Instrument Sold	700.000.000
Issue Price	100
Coupon Number	14

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

Additional Explanations

With regards of our Material Event Disclosures on 17th July, 08th August, 04th October 2017, for the issuance of the borrowing instruments or bonds, which are planned to be traded on London Stock Exchange, The book building process for the bond issue from qualified investors outside of Turkey has been completed. A US$700 million 7 year fixed rate bond, with a maturity date of October 18th, 2024, will be issued with a coupon rate of 4.50%. The notes are expected to be issued on October 18, 2017 following the approval of CMB of the tranche issuance certificate, execution of definitive documentation and subject to other customary conditions.

Any further developments will be disclosed.

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 .