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) As of and for the year ended December 31, 2021 and 2020, details of discount and provision expenses are as follows: December 31, 2021 December 31, 2020 Provision expense for doubtful receivables (Note 4.2) (126.709.931) (98.850.793) Provision for pension fund deficits (Note 23) (33.437.457) (16.344.100) Provision expense for employee termination benefits (Note 23) (7.004.574) (3.530.257) Provision expenses for unused vacation (Note 23) (1.535.318) (1.091.977) Terminated provision income/(expense) 443.108 4.404.549 Other provision expenses (Note 4.2) 112.588 932.656 Provision expenses (168.131.584) (114.479.922) December 31, 2021 December 31, 2020 Rediscount income/(expense) from main operations receivables 50.920.765 37.292.018 Rediscount income/(expense) from main operations payables (66.475.422) (34.608.735) Total of rediscounts (15.554.657) 2.683.283 Fees for services received from Independent Auditor/Independent audit firm December 31, 2021 December 31, 2020 Independent audit fee for reporting period (*) 881.235 579.052 Fees for tax advisory service - - Fee for other assurance services - - Fees other than independent audit - - Total 881.235 579.052 (*) As of December 31 2021, the audit fee received from Güney Bağımsız Denetim ve SMMM A.Ş is TL 189.900, and the audit fee received from other independent auditing companies is TL 491.599 (December 31, 2020: received from Güney Bağımsız Denetim ve SMMM A.Ş. The independent audit fee is TL 162.620 and the audit fee received from other independent audit companies is TL 255.836.) 256 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