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) Details of the financial assets issued by related parties of the Company’s are as follows: December 31, 2021 Nominal value Cost Fair value Net book value Available for sale financial assets - Equity shares 61.871.244 104.398.469 104.398.469 Available for sale financial assets - Investment funds 22.462.238 31.435.763 31.435.763 Financial Assets Held For Trading - Investment funds 75.071.517 95.707.881 95.707.881 Available for sale financial assets - Private sector bonds 381.000.000 369.908.830 373.566.430 373.566.430 Available for sale financial assets - Private sector bonds FC 7.000.000 88.931.621 91.626.079 91.626.079 Total 618.245.450 696.734.622 696.734.622 December 31, 2020 Nominal value Cost Fair value Net book value Available for sale financial assets - Equity shares 61.871.244 157.594.734 157.594.734 Available for sale financial assets - Investment funds 60.774.131 69.744.942 69.744.942 Financial Assets Held For Trading - Investment funds 183.929.766 190.742.811 190.742.811 Available for sale financial assets - Private sector bonds 229.800.000 222.958.902 227.248.464 227.248.464 Available for sale financial assets - Private sector bonds FC 14.000.000 99.688.723 105.690.061 105.690.061 Total 629.222.766 751.021.012 751.021.012 Movements of the financial assets during the period are presented below: December 31, 2021 Financial assets held for trading Available-for- sale Total Balance at the beginning of the period 190.742.811 968.211.586 1.158.954.397 Unrealized exchange differences on financial assets 23.716.245 244.641.718 268.357.963 Acquisitions during the period 356.341.014 1.298.301.856 1.654.642.870 Disposals (sale and redemption) (500.458.942) (900.208.435) (1.400.667.377) Change in the fair value of financial assets 173.661.997 127.361.100 301.023.097 Change in amortized cost of the financial assets - (58.296.159) (58.296.159) Balance at the end of the period 244.003.125 1.680.011.666 1.924.014.791 December 31, 2020 Financial assets held for trading Available-for- sale Total Balance at the beginning of the period - 520.755.751 520.755.751 Acquisitions during the period - 43.285.313 43.285.313 Disposals (sale and redemption) 1.133.943.320 1.573.734.209 2.707.677.529 Change in the fair value of financial assets (960.907.402) (1.421.128.319) (2.382.035.721) Change in amortized cost of the financial assets 17.706.893 243.255.528 260.962.421 Bonus shares acquired - 8.309.104 8.309.104 Balance at the end of the period 190.742.811 968.211.586 1.158.954.397 142 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