TÜPRAŞ-TÜRKİYE PETROL RAFİNERİLERİ A.Ş.

Notice of Dividend Amount • Mar 29, 2017

Summary Info	AGM Dividend Result
Update Notification Flag	Yes
Correction Notification Flag	No
Postponed Notification Flag	No

Board Decision Date	27.02.2017
Date of Related General Assembly	29.03.2017
Was The Issue of Dividend Payment Negotiated?	Discussed
Type of Cash Dividend Payment	Payment In Advance
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, TUPRS, TRATUPRS91E8	Payment In Advance	6,218	621,8	5,2853	528,53
C Grubu, İşlem Görmüyor, TRETPRS00011	Payment In Advance	6,218	621,8	5,2853	528,53

Cash Dividend Payment Dates

Payment	Proposed Ex-Dividend Date	Final Ex-Dividend Date	Payment Date	Record Date
Payment In Advance	04.04.2017	04.04.2017	06.04.2017	05.04.2017

Amount and Rate of Cash Dividend Stock Dividend Payment

Share Group Info	Amount of Stock Dividend (TL)	Rate of Stock Dividend (%)
A Grubu, TUPRS, TRATUPRS91E8	0	0
C Grubu, İşlem Görmüyor, TRETPRS00011	0	0

Additional Explanations

In our Company's General Assembly Meeting held on Wednesday 29th March 2017, at 10:00 a.m. at the address of the Company headquarters "Güney Mahallesi Petrol Caddesi No. 25 Kocaeli/Körfez, the summary of the following decision for dividend payment of the year 2016 was accepted.

- Following the proposal of the Company's Board of Directors, it was decided to distribute a Gross Cash Dividend of TL 1,557,106,585.60 . The dividend distribution is set to begin on Tuesday, April 4th, 2017 .

On this basis, a cash dividend of gross=net 6.218 TL is to be paid for one nominal stock worth 1.00 TL at a rate of 621,8% to our legally obligated corporate taxpayer shareholders and limited corporate taxpayer shareholders earning dividends through a Turkey-based business or permanent representation office. Other shareholders will be paid a gross rate of 621.8%, a cash dividend of gross 6.218 TL, and net rate of 528.53%, a cash dividend of net TL 5.2853 for one nominal stock worth 1.00 TL

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	Kar_Dağıtım_Tablosu_2016.pdf
Appendix: 2	Dividend_Distribution_2016.pdf

DIVIDEND DISTRIBUTION TABLE

TÜPRAŞ-TÜRKİYE PETROL RAFİNERİLERİ A.Ş. 01.01.2016/31.12.2016 Period Dividend Payment Table (TL)

1.Paid-In / Issued Capital	250.419.200
2. Total Legal Reserves (According to Legal Records)	324.922.236,42
Information on privileges in dividend distribution, if any, in the Articles of Association:	-

*	Based on CMB Regulations	Based on Legal Records
3. Current Period Profit	1.944.022.000	1.639.733.062,85
4. Taxes Payable (-)	131.232.000	137.780.720,39
5. Net Current Period Profit	1.793.267.000	1.501.952.342,46
6. Losses in Previous Years (-)	0	0
7. Primary Legal Reserve (-)	0	0
8. NET DISTRIBUTABLE CURRENT PERIOD PROFIT	1.793.267.000	1.501.952.342,46
Dividend Advance Distributed (-)	0	0
Dividend Advance Less Net Distributable Current Period Profit	1.793.267.000	1.501.952.342,46
9. Donations Made during the Year ( + )	20.318.436,75	0
10. Donation-Added Net Distributable Current Period Profit on which First Dividend Is Calculated	1.813.585.436,75	0
11. First Dividend to Shareholders	1.557.106.585,6	12.520.960
* Cash	1.557.106.585,6	12.520.960
* 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	1.354.028.529,51
16. Secondary Legal Reserves	154.458.562,559	135.402.852,95
17. Statutory Reserves	0	0
18. Special Reserves	0	0
19. EXTRAORDINARY RESERVES	81.701.851,8410001	0
20. Other Distributable Resources	0	190.557.096,09

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	1.442.659.251,73	0	80,44865889	5,2853	528,53
C Grubu	0,06	0	0	5,2853	528,53
TOTAL	1.442.659.251,79	0	80,44865889	5,2853	528,53

Dividend Payment Table Explanation