MILLIRE 2021 ANNUAL REPORT

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS AS OF DECEMBER 31, 2021 Millî Reasürans Türk Anonim Şirketi (Currency: Turkish Lira (TL)) (Convenience Translation of Financial Statements and Related Disclosures and Footnotes Originally Issued in Turkish, See Note 2.1.1) 45 Related party transactions For the purpose of the accompanying consolidated financial statements, shareholders, key management and members of board of directors together with their families and companies controlled by or affiliated with them, and associated companies are considered and referred to as related parties. The related party balances As of December 31, 2021 and 2020 are as follows: December 31, 2021 December 31, 2020 Türkiye İş Bankası AŞ 1.438.643.235 1.023.519.055 Other 6.995 3.914 Banks 1.438.650.230 1.023.522.969 Investment funds founded by İş Portföy Yönetimi A.Ş . (Note 11) 336.783.288 653.088.912 Bond issued by Türkiye Sınai Kalkınma Bankası A.Ş. (Note 11) 450.083.288 348.295.405 Eurobond issued by Türkiye İş Bankası (Note 11) 65.623.332 90.460.138 Equity shares of the related parties (Note 11) 104.398.469 157.594.734 Bond issued by Türkiye İş Bankası (Note 11) 385.074.032 359.941.473 Investment funds founded by İşbank AG (Note 11) - 21.011.668 Bond issued by İş Faktoring A.Ş. (Note 11 ) 66.800.600 73.819.194 Bond issued by İş GYO A.Ş. (Note 11) 29.663.400 67.265.664 Bond issued by İş Finansal Kiralama A.Ş. (Note 11) 90.561.586 - Bond funds founded by İş Yatırım Menkul Değerler A.Ş (Note 11 82.980.050 - Bond issued by Maxim Girişim Sermayesi Portföy Yönetimi A.Ş. (Note 11) 70.109.059 - Eurobond issued by Türkiye Sınai Kalkınma Bankası A.Ş. (Note 11) 26.002.746 - Bond issued by Yatırım Finansman Menkul Değerler A.Ş. (Note 11) - 4.941.870 Financial assets 1.708.079.850 1.776.419.058 Türkiye İş Bankası A.Ş. 859.363.271 581.782.070 Türkiye Sigorta A.Ş (Güneş Sigorta A.Ş) 43.392.683 9.979.614 Şişecam Sigorta Aracılık Hizmetleri A.Ş. 13.139.525 6.421.163 Groupama Sigorta A.Ş. 3.071.478 97.516 Anadolu Hayat Emeklilik A.Ş. 1.463.682 1.025.618 İstanbul Umum Sigorta A.Ş. 204.952 188.991 Ergo Sigorta A.Ş. (HDI Sigorta A.Ş.) 34.541 - HDI Sigorta A.Ş. 29.177 - Türkiye Hayat ve Emeklilik A.Ş (Vakıf Hayat ve Emeklilik A.Ş) 13.960 2.398.064 Halk Hayat ve Emeklilik A.Ş. (Türkiye Hayat Emeklilik A.Ş.) - 8.505.261 Halk Sigorta A.Ş. (Türkiye Sigorta A.Ş.) - 3.869.428 Ziraat Sigorta A.Ş. (Türkiye Sigorta A.Ş.) - 2.887.098 Güven Sigorta T.A.Ş. - 12.903 Ziraat Hayat ve Emeklilik A.Ş. (Türkiye Hayat Emeklilik A.Ş.) - 3.834 Receivables from main operations 920.713.269 617.171.560 Türkiye İş Bankası A.Ş. 21.542.515 12.735.885 Halk Sigorta A.Ş. (Türkiye Sigorta A.Ş.) 4.908.866 9.338 Halk Hayat ve Emeklilik A.Ş. (Türkiye Hayat Emeklilik A.Ş.) 3.682.479 - Türkiye Hayat ve Emeklilik A.Ş (Vakıf Hayat ve Emeklilik A.Ş) 2.423.749 - Allianz Sigorta A.Ş. 2.239.632 3.347.558 Şişecam Sigorta Aracılık Hizmetleri AŞ 2.178.297 1.090.820 Ziraat Sigorta A.Ş. (Türkiye Sigorta A.Ş.) 1.049.153 - Anadolu Hayat Emeklilik A.Ş 343.679 - Ziraat Hayat ve Emeklilik A.Ş. (Türkiye Hayat Emeklilik A.Ş.) 230.976 - Axa Sigorta A.Ş. 216.841 3.116.280 Güven Sigorta T.A.Ş. 131.943 69.749 Liberty Sigorta A.Ş.(HDI Sigorta A.Ş.) 128.493 181.993 Groupama Sigorta A.Ş. 48.426 48.697 Türkiye Sigorta A.Ş (Güneş Sigorta A.Ş) 40.407 42.916 İstanbul Umum Sigorta A.Ş. 29.152 29.063 Ergo Sigorta A.Ş. (HDI Sigorta A.Ş.) - 766.597 HDI Sigorta A.Ş. - 448.088 Payables from main operations 39.194.608 21.886.984 Due to personnel 390.747 63.042 Due to shareholders 177.824 152.744 Due to other related parties 15.157 8.661 Due to related parties 583.728 224.447 252 MİLLÎ REASÜRANS ANNUAL REPORT 2021 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