MILLIRE 2021 ANNUAL REPORT

NOTES TO THE UNCONSOLIDATED 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) 11 Financial assets As of December 31, 2021, and 2020, the Company’s financial assets portfolio are detailed as follows: December 31, 2021 December 31, 2020 Available for sale financial assets 1.686.966.206 975.166.126 Financial Assets Held for Trading 244.003.125 190.742.811 Provisions for impairment for financial assets available for sale (6.954.540) (6.954.540) Total 1.924.014.791 1.158.954.397 As of December 31, 2021, and 2020, the Company’s available for sale financial assets are as follows: December 31, 2021 Nominal value Cost Fair value Net book value Debt instruments: Government bonds - EUR 12.225.000 132.274.231 186.012.202 186.012.202 Government bonds - TL 92.500.000 70.620.148 67.895.225 67.895.225 Government bonds - USD 25.506.000 228.319.534 338.953.971 338.953.971 Private sector bonds - USD 33.582.000 329.890.015 439.525.214 439.525.214 Private sector bonds - TL 518.310.000 507.832.237 518.677.760 518.677.760 Impairment loss on private sector bonds (6.954.540) (6.954.540) 1.268.936.165 1.544.109.832 1.544.109.832 Non-fixed income financial assets: Equity shares 61.938.846 104.466.071 104.466.071 Investment funds 22.462.238 31.435.763 31.435.763 84.401.084 135.901.834 135.901.834 Total available-for-sale financial assets 1.353.337.249 1.680.011.666 1.680.011.666 December 31, 2020 Nominal value Cost Fair value Net book value Debt instruments: Government bonds - EUR 5.710.000 41.285.642 55.397.567 55.397.567 Government bonds - USD 18.406.000 118.613.401 145.875.150 145.875.150 Private sector bonds - USD 25.349.000 163.254.487 194.846.716 194.846.716 Private sector bonds - TL 346.110.000 338.697.309 351.639.415 351.639.415 Impairment loss on private sector bonds (6.954.540) (6.954.540) 661.850.839 740.804.308 740.804.308 Non-fixed income financial assets: Equity shares 61.938.846 157.662.336 157.662.336 Investment funds 60.774.131 69.744.942 69.744.942 122.712.977 227.407.278 227.407.278 Total available-for-sale financial assets 784.563.816 968.211.586 968.211.586 140 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