MILLI RE 2020 ANNUAL REPORT

Millî Reasürans Türk Anonim Şirketi (Currency: Turkish Lira (TL)) NOTES TO THE UNCONSOLIDATED 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) 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. Details of rediscount and provision expenses are as follows: Provision expenses December 31, 2020 December 31, 2019 Provision for pension fund deficits (16.344.100) (8.480.143) Provision expenses for doubtful receivables (*) (6.399.969) (3.292.941) Provision for employee termination benefits (Note 23) 838.683 (962.177) Other provision (84.828) (345.425) Total of provisions (21.990.214) (13.080.686) (*) The provision for doubtful receivables related to valuation of foreign currency denominated receivables from main operations. Rediscount Expenses December 31, 2020 December 31, 2019 Rediscount income/(expense) from reinsurance receivables 83.702 (5.420) Rediscount income/(expense) from reinsurance payables 412.055 (293.745) Total of rediscounts 495.757 (299.165 ) 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 160