It has been decided to increase the capital of our wholly owned subsidiary Körfez Ulaştırma A.Ş. from TL 10,000,000 to TL
250,000,000 by TL 240,000,000 to be paid in cash in regards to the participation rate of our company, in order to meet the
financing needs of Körfez Ulaştırma A.Ş.; of which majority is required for the purchase of the wagons from our company
with a total amount of € 28.3 million. ¼ of the payment will be made on March 18, 2019 and the remaining balance will be
paid within 24 months from the registration date of the capital increase.

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TUPRAS - Turkiye Petrol Rafinerileri AS published this content on 18 March 2019 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 18 March 2019 15:44:08 UTC