MILLI RE 2020 ANNUAL REPORT

Millî Reasürans Türk Anonim Şirketi (Currency: Turkish Lira (TL)) NOTES TO THE UNCONSOLIDATED FINANCIAL STATEMENTS AS OF DECEMBER 31, 2020 (Convenience Translation of Financial Statements and Related Disclosures and Footnotes Originally Issued in Turkish, See Note 2.1.1) Details of the financial assets issued by related parties of the Company’s are as follows: December 31, 2020 Nominal value Cost Fair value Net book value Available for sale financial assets - Equity shares 61.871.244 157.594.734 157.594.734 Available for sale financial assets - Investment funds 60.774.131 69.744.942 69.744.942 Financial Assets Held For Trading - Investment funds 183.929.766 190.742.811 190.742.811 Available for sale financial assets - Private sector bonds 229.800.000 222.958.902 227.248.464 227.248.464 Available for sale financial assets - Private sector bonds FC 14.000.000 99.688.723 105.690.061 105.690.061 Total 629.222.766 751.021.012 751.021.012 December 31, 2019 Nominal value Cost Fair value Net book value Available for sale financial assets - Equity shares 62.508.033 77.776.570 77.776.570 Available for sale financial assets - Investment funds 208.186.565 227.606.541 227.606.541 Available for sale financial assets - Private sector bonds FC 12.420.000 69.114.084 74.327.048 74.327.048 Available for sale financial assets - Private sector bonds 25.000.000 25.000.000 26.200.250 26.200.250 Total 364.808.682 405.910.409 405.910.409 Movements of the financial assets during the period are presented below: December 31, 2020 Financial assets held for trading Available-for- sale Total Balance at the beginning of the period - 520.755.751 520.755.751 Unrealized exchange differences on financial assets - 43.285.313 43.285.313 Acquisitions during the period 1.133.943.320 1.573.734.209 2.707.677.529 Disposals (sale and redemption) (960.907.402) (1.421.128.319) (2.382.035.721) Change in the fair value of financial assets 17.706.893 243.255.528 260.962.421 Change in amortized cost of the financial assets - 8.309.104 8.309.104 Balance at the end of the period 190.742.811 968.211.586 1.158.954.397 December 31, 2019 Financial assets held for trading Available-for- sale Total Balance at the beginning of the period - 159.988.747 159.988.747 Acquisitions during the period - 7.065.556 7.065.556 Disposals (sale and redemption) - 1.163.468.635 1.163.468.635 Change in the fair value of financial assets - (888.744.285) (888.744.285) Change in amortized cost of the financial assets - 72.411.513 72.411.513 Bonus shares acquired - 6.565.585 6.565.585 Balance at the end of the period - 520.755.751 520.755.751 Activities and Major Developments Related to Activities General Information Financial Rights Provided to the Members of the Governing Body and Senior Executives Research & Development Activities Milli Re Annual Report 2020 140