TÜPRAŞ-TÜRKİYE PETROL RAFİNERİLERİ A.Ş.

Capital/Financing Update • Jan 3, 2019

Summary Info	CMB approval of the domestic debt securities issuance certificate
Update Notification Flag	Yes
Correction Notification Flag	No
Postponed Notification Flag	No

Authorized Member Decision Date	11.12.2018
Issue Limit	1.000.000.000
Currency Unit	TRY
Issue Limit Security Type	Dept Securities
Sale Type	Sale To Qualified Investor
Domestic / Oversea	Domestic
Capital Market Board Application Date	11.12.2018
Capital Market Board Application Result	APPROVAL
Capital Market Board Approval Date	03.01.2019
Expiry Date of Issue Limit	03.01.2020

Additional Explanations

Following our announcement dated as of December 11, 2018 regarding our application; on January 3rd, 2019 in the meeting number 1/7, Capital Markets Board approved our issuance certificate of bonds or bills with a total amount of up to TRY 1,000,000,000 within 1 year period via single or multiple sales to domestic qualified investors without public offering. The application form, issuance certificate and its appendix are attached. 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.

Supplementary Documents

Appendix: 1	Tüpraş_İhraç_Belgesi_ve_eki.pdf
Appendix: 2	Tüpraş_Başvuru_Formu.pdf