MILLIRE 2021 ANNUAL REPORT

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS AS OF DECEMBER 31, 2021 Millî Reasürans Türk Anonim Şirketi (Convenience Translation of Financial Statements and Related Disclosures and Footnotes Originally Issued in Turkish, See Note 2.1.1) (Currency: Turkish Lira (TL)) 46 Subsequent events With the “Law Amending the Tax Procedure Law and the Corporate Tax Law” published on January 29, 2022, the companies that convert their foreign currencies or various gold resources into Turkish Lira and use the Turkish Lira assets thus obtained in deposits and participation accounts with a maturity of at least three months, interest, profit share and other incomes are exempted from corporate tax. On February 24, 2022, Anadolu Sigorta, the subsidiary of the company, made a currency-protected deposit of TL 72.060.000, with a maturity of 181 days from Türkiye İş Bankası, with a maturity of TL 7.206.000 from HSBC Bank, with a maturity of 181 days.. The amount of tax exemption that will occur within the scope of the said regulation has not been clarified yet. Changes made in tax laws after the reporting date are within the scope of “non-adjusting event after the reporting period” in accordance with IAS 10, and the period tax expense of the enterprise has been calculated without considering this Law amendment. 47 Other Items and amounts classified under the “other” account in financial statements either exceeding 20% of the total amount of the group to which they relate or 5% of the total assets in the balance sheet They are presented in the related notes above. Payables to employees and receivables from employees presented under accounts, “other receivables” and “other short or long term payables”, and which have balance more than 1% of the total assets None. Subrogation recorded in “Off-Balance Sheet Accounts None. Real rights on immovable and their values None. Explanatory note for the amounts and nature of previous years’ income and losses None. Information about the other technical expenses in the income statement The amounting to TL 193.012.692 (31 December 2020: TL 159.108.115) which is the part of other technical expenses in the income statement of amounting to TL 179.670.384 (31 December 2020: TL 146.566.440) is the assistance services, postponement of these amounts and their technical expenses. 255 MİLLÎ REASÜRANS ANNUAL REPORT 2021 FINANCIAL STATUS RISKS AND ASSESSMENT OF THE GOVERNING BODY UNCONSOLIDATED FINANCIAL STATEMENTS TOGETHER WITH INDEPENDENT AUDITORS’ REPORT THEREON CONSOLIDATED FINANCIAL STATEMENTS TOGETHER WITH INDEPENDENT AUDITORS’ REPORT THEREON