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) 45 Related party transactions For the purpose of the accompanying unconsolidated financial statements, shareholders, key management and members of board of directors together with their families and companies controlled by or affiliated with them, and associated companies are considered and referred to as related parties. The related party balances As of December 31, 2021 and 2020 are as follows: December 31, 2021 December 31, 2020 Türkiye İş Bankası A.Ş. 899.402.534 848.282.685 Other 5.763 3.779 Banks 899.408.297 848.286.464 Investment funds founded by İş Portföy Yönetimi A.Ş. ( Note 11) 105.244.013 260.487.753 Equity shares of the related parties (Note 11) 104.398.469 157.594.734 Bond issued by Türkiye İş Bankası A.Ş. (Note 11) 111.350.600 100.980.000 Eurobonds issued by Türkiye İş Bankası A.Ş. (Note 11) 65.623.333 90.460.138 Bonds issued by İş GYO A.Ş. (Note 11) 29.663.400 67.265.664 Bonds issued by İş Faktoring A.Ş. (Note 11) 66.800.600 59.002.800 Eurobonds issued by İşYatırım A.Ş. (Note 11) 82.980.050 - Bonds issued by İş Finansal Kiralama A.Ş. (Note 11) 82.771.780 - Investment funds founded by Maxis Girişim Sermayesi Portföy Yönetimi A.Ş.’ ( Note 11) 21.899.631 - Industrial Development Bank of Turkey as bonds issued Inc. (Note 11) 26.002.746 15.229.923 Financial assets 696.734.622 751.021.012 Türkiye Sigorta A.Ş (Güneş Sigorta A.Ş.) 43.392.683 9.979.614 Anadolu Sigorta 23.738.636 3.691.018 Groupama Sigorta A.Ş 3.071.478 97.516 Anadolu Hayat Emeklilik A.Ş 1.460.965 1.016.579 İstanbul Umum Sigorta A.Ş 204.952 188.991 Ergo Sigorta A.Ş. (HDI Sigorta A.Ş.) 34.541 - HDI Sigorta A.Ş. 29.177 - Türkiye Hayat ve Emeklilik A.Ş (Vakıf Hayat ve Emeklilik A.Ş) 13.960 2.398.064 Halk Hayat ve Emek.(Türkiye Hayat Emeklilik A.Ş) - 8.505.261 Halk Sigorta A.Ş.(Türkiye Sigorta A.Ş) - 3.869.428 Ziraat Sigorta A.Ş.(Türkiye Sigorta A.Ş) - 2.887.098 Güven Sigorta T.A.Ş - 12.903 Ziraat Hayat ve Emeklilik(Türkiye Hayat Emeklilik A.Ş) - 3.834 Receivables from main operations 71.946.392 32.650.306 Due to shareholders 140.984 127.553 Due to other related parties 15.157 8.661 Due to related parties 156.141 136.214 Halk Sigorta A.Ş.(Türkiye Sigorta A.Ş) 4.908.866 9.338 Halk Hayat ve Emek.(Türkiye Hayat Emeklilik A.Ş) 3.682.479 - Türkiye Hayat ve Emeklilik A.Ş (Vakıf Hayat ve Emeklilik A.Ş) 2.423.749 - Allianz Sigorta A.Ş 2.239.632 3.347.558 Ziraat Sigorta A.Ş.(Türkiye Sigorta A.Ş) 1.049.153 - Anadolu Hayat Emeklilik A.Ş 343.679 - Ziraat Hayat ve Emeklilik(Türkiye Hayat Emeklilik A.Ş) 230.976 - Axa Sigorta A.Ş 216.841 3.116.280 Güven Sigorta T.A.Ş 131.943 69.749 Liberty Sigorta A.Ş. (HDI Sigorta A.Ş.) 128.493 181.993 Groupama Sigorta A.Ş 48.426 48.697 Türkiye Sigorta A.Ş (Güneş Sigorta A.Ş.) 40.407 42.916 İstanbul Umum Sigorta A.Ş 29.152 29.063 Anadolu Sigorta 16.347 15.963 Ergo Sigorta A.Ş - 766.597 HDI Sigorta A.Ş. - 448.088 Payables from main operations 15.490.143 8.076.242 158 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