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) No guarantees have been taken against receivables from related parties. There are no doubtful receivables and payables from/to shareholders, subsidiaries and joint ventures. There are no guarantees, commitments, guarantee letters, advances and endorsements given in favor of shareholders, associates and subsidiaries. The transactions with related parties during the years ended December 31, 2020 and 2019 are as follows: December 31, 2020 December 31, 2019 Türkiye İş Bankası A.Ş. 987.292.140 845.874.415 Türkiye Sigorta A.Ş (Güneş Sigorta A.Ş) 137.358.307 - Halk Sigorta A.Ş. (Türkiye Sigorta A.Ş.) 87.838.414 - Ziraat Sigorta A.Ş. (Türkiye Sigorta A.Ş.) 26.019.942 24.283.392 Halk Hayat ve Emeklilik A.Ş. (Türkiye Hayat Emeklilik A.Ş.) 23.941.512 - Şişecam Sigorta Aracılık Hizmetleri A.Ş. 22.181.679 21.067.933 Groupama Sigorta A.Ş 22.097.082 18.950.974 Anadolu Hayat Emeklilik A.Ş. 9.090.574 7.714.571 Türkiye Hayat ve Emeklilik A.Ş (Vakıf Hayat ve Emeklilik A.Ş) 5.211.904 - Axa Sigorta A.Ş 1.152.343 1.493.921 HDI Sigorta A.Ş. 1.038.334 631.473 Ziraat Hayat ve Emeklilik A.Ş. (Türkiye Hayat Emeklilik A.Ş.) 365.790 444.848 Allianz Sigorta A.Ş 330.895 (5.197) Ergo Sigorta A.Ş. (HDI Sigorta A.Ş.) 86.340 122.159 Liberty Sigorta A.Ş.(HDI Sigorta A.Ş.) 41.418 7.768 Güven Sigorta TAŞ 9 - Premium received 1.324.046.683 920.586.257 HDI Sigorta A.Ş. (26) 40 Güven Sigorta TAŞ (51) 189 Liberty Sigorta A.Ş.(HDI Sigorta A.Ş.) (53) 165 Halk Sigorta A.Ş. (Türkiye Sigorta A.Ş.) (58) - Türkiye Sigorta A.Ş (Güneş Sigorta A.Ş) (59) - Ergo Sigorta A.Ş. (HDI Sigorta A.Ş.) (132) 426 Axa Sigorta A.Ş (181) 582 Groupama Sigorta A.Ş (221) 760 Premiums ceded (781) 2.162 Groupama Sigorta A.Ş. 1.480 (67) Axa Sigorta A.Ş. 889 (91) Ergo Sigorta A.Ş. (HDI Sigorta A.Ş.) 727 (55) Türkiye Sigorta A.Ş (Güneş Sigorta A.Ş) 684 - Güven Sigorta T.A.Ş. 319 (24) Halk Sigorta A.Ş. (Türkiye Sigorta A.Ş.) 290 - Liberty Sigorta A.Ş.(HDI Sigorta A.Ş.) 172 (38) HDI Sigorta A.Ş. 135 (12) Commissions received 4.696 (287) 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 244