MILLI RE 2020 ANNUAL REPORT

Millî Reasürans Türk Anonim Şirketi (Currency: Turkish Lira (TL)) NOTES TO THE CONSOLIDATED 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) Maturity distribution of monetary assets and liabilities: December 31, 2020 Book value Up to 1 month 1 to 3 months 3 to 6 months 6 to 12 months Over 1 year Assets Cash and cash equivalents 4.869.424.993 2.505.767.470 1.947.322.152 361.601.219 54.734.152 - Financial assets and financial investments with risks on policyholders (*) 5.292.019.331 1.177.819.167 442.930.344 235.528.155 325.096.576 3.110.645.089 Receivables from main operations 2.737.409.366 244.660.418 822.869.228 624.073.156 135.964.638 909.841.926 Other receivables and current assets 307.984.794 283.667.140 2.483.938 19.319.578 2.187.206 326.932 Total monetary assets 13.206.838.484 4.211.914.195 3.215.605.662 1.240.522.108 517.982.572 4.020.813.947 Liabilities Financial liabilities 58.754.871 252.481 504.962 757.443 1.514.885 55.725.100 Payables arising from main operations 980.870.480 312.446.406 101.635.861 156.540.917 396.953.704 13.293.592 Due to related parties 224.447 224.447 - - - - Other liabilities 136.517.896 65.093.838 60.046.656 - 11.377.402 - Insurance technical reserves (**) 6.385.328.207 316.255.677 585.835.983 392.728.647 543.202.447 4.547.305.453 Provisions for taxes and other similar obligations 78.146.382 78.146.382 - - - - Provisions for other risks and expense accruals 214.042.781 43.573.632 20.892.588 - 67.892.342 81.684.219 Total monetary liabilities 7.853.885.064 815.992.863 768.916.050 550.027 .007 1.020.940.780 4 .698.008.364 (*) Equity shares amounting to TL 501.858.456 are not included. (**) Outstanding claims reserve is presented as short term liabilities in the accompanying consolidated financial statements whereas maturity distribution is presented according to projected payment dated in the above table. 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 210