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) 14 Cash and cash equivalents As of December 31, 2021, and 2020, the details of cash and cash equivalents are as follows: December 31, 2021 December 31, 2020 At the end of the period At the beginning of the period At the end of the period At the beginning of the period Cash on hand 21.528 21.439 21.439 60.119 Bank deposits 1.940.001.758 1.591.695.487 1.591.695.487 1.754.500.598 Cheques received - 400.138 400.138 240.000 Cash and cash equivalents in the balance sheet 1.940.023.286 1.592.117.064 1.592.117.064 1.754.800.717 Bank deposits - blocked (500) (500) (500) (500) Time deposits with maturities longer than 3 months (157.229.110) (145.142.438) (145.142.438) (196.631.873) Interest accruals on bank deposits (14.400.277) (10.329.632) (10.329.632) (6.341.497) Cash and cash equivalents presented in the statement of cash flows 1.768.393.399 1.436.644.494 1.436.644.494 1.551.826.847 As of December 31, 2021, and 2020, the details of bank deposits as follows: December 31, 2021 December 31, 2020 Foreign currency denominated bank deposits - time deposits 223.883.970 257.078.486 - demand deposits 71.456.715 37.500.098 Bank deposits in Turkish Lira - time deposits 1.644.191.595 1.297.085.018 - demand deposits 469.478 31.885 Bank deposits 1.940.001.758 1.591.695.487 15 Equity Paid in capital The shareholder having direct or indirect control over the shares of the Company is İş Bankası Group having 87,60% of outstanding shares. As of December 31, 2021, and, 2020, the shareholding structure of the Company is as follows: Name December 31, 2021 December 31, 2020 Shareholding amount (TL) Shareholding rate (%) Shareholding amount (TL) Shareholding rate (%) Türkiye İş Bankası A.Ş. 578.177.926 87,60 578.177.926 87,60 Groupama Hayat A.Ş. 38.809.894 5,88 38.809.894 5,88 Ankara Doğal Elektrik Üretim ve Ticaret A.Ş. 22.240.456 3,37 22.240.456 3,37 T.C. Ziraat Bankası A.Ş. 16.430.944 2,49 16.430.944 2,49 Other 4.340.780 0,66 4.340.780 0,66 Paid in capital 660.000.000 100,00 660.000.000 100,00 (*) As of August 21, 2020, Türkiye İş Bankası A.Ş. purchased 69,604,854 shares of nominal value of TL with all of the rate of 10.55% owned by one of the shareholders of the Company, Millî Reasürans T.A.Ş. Mensupları Yardımlaşma Sandığı Vakfı. It was approved by Milli Reasürans T.A.Ş.’s Board of Directors decision dated 26 August 2020 and numbered 1318. 144 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