MILLIRE 2021 ANNUAL REPORT

NOTES TO THE UNCONSOLIDATED 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)) As of December 31, 2021, the details of the Company’s held for trading assets are as follows December 31, 2021 Nominal value Cost Fair value Net book value Investment funds TL 125.071.511 159.626.370 159.626.370 Investment funds EUR 63.032.262 84.376.756 84.376.755 Total 188.103.773 244.003.126 244.003.125 December 31, 2020 Nominal value Cost Fair value Net book value Investment funds TL 183.929.766 190.742.811 190.742.811 Total 183.929.766 190.742.811 190.742.811 Debt instruments presented above are traded in the capital markets. As of December 31, 2021, equity shares classified as available for sale financial assets with a carrying amount of TL 91.492 are not publicly traded (December 31, 2020: TL 91.492). There is no debt security issued during the period or issued before and paid during the period by the Company. Value increases in financial assets including equity shares classified as available for sale financial assets and subsidiaries for the last 3 years (including tax effects): Year Change in value increase Total increase in value 2021 (256.054.379) 28.018.182 2020 184.597.765 284.072.561 2019 137.867.727 99.474.796 141 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