MILLIRE 2021 ANNUAL REPORT

The accompanying notes are an integral part of these consolidated financial statements. 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)) Note Audited Current Period December 31, 2021 (*) Audited Prior Period December 31, 2020 I. PROFIT DISTRIBUTION 1.1. CURRENT YEAR PROFIT (*) 682.320.051 381.115.664 1.2. TAX AND FUNDS PAYABLE 35 (128.897.591) (29.030.769) 1.2.1. Corporate Income Tax (Income Tax) 35 (128.897.591) (29.030.769) 1.2.2. Income tax deduction - 1.2.3. Other taxes and Duties - A. NET PROFIT (1.1 - 1.2) 553.422.460 352.084.895 1.3. PREVIOUS PERIOD LOSSES (-) 1.4. FIRST LEGAL RESERVE (27.671.123) (17.604.245) 1.5. STATUTORY FUND (-) (58.196.850) B. NET PROFIT DISTRIBUTION [(A-(1.3 + 1.4 + 1.5)] 467.554.487 334.480.650 1.6. FIRST DIVIDEND TO SHAREHOLDERS (-) - (33.448.065) 1.6.1. Holders of shares - (33.448.065) 1.6.2. Holders of Preferred shares - - 1.6.3. Holders of Redeemed shares - - 1.6.4. Holders of Participation Bond - - 1.6.5. Holders of Profit and Loss sharing certificate - - 1.7. DIVIDEND TO PERSONNEL (-) - (4.231.201) 1.8. DIVIDENDS TO BOARD OF DIRECTORS (-) - - 1.9. SECOND DIVIDEND TO SHAREHOLDERS (-) - - 1.9.1. Holders of shares - (9.551.935) 1.9.2. Holders of Preferred shares - (9.551.935) 1.9.3. Holders of Redeemed shares - - 1.9.4. Holders of Participation Bond - - 1.9.5. Holders of Profit and Loss sharing certificate - - 1.10. SECOND LEGAL RESERVE (-) - - 1.11. STATUTORY RESERVES (-) - (1.423.120) 1.12. EXTRAORDINARY RESERVES - - 1.13. OTHER RESERVES - - 1.14. SPECIAL FUNDS - (17.000.000) II. DISTRIBUTION OF RESERVES - - 2.1. DISTRIBUTION OF RESERVES - - 2.2. SECOND LEGAL RESERVES (-) - - 2.3. COMMON SHARES (-) - - 2.3.1. Holders of shares - - 2.3.2. Holders of Preferred shares - - 2.3.3. Holders of Redeemed shares - - 2.3.4. Holders of Participation Bond - - 2.3.5. Holders of Profit and Loss sharing certificate - - 2.4. DIVIDENDS TO PERSONNEL (-) - - 2.5. DIVIDENDS TO BOARD OF DIRECTORS (-) - - III. PROFIT PER SHARE - - 3.1. HOLDERS OF SHARES - 352.084.895 3.2. HOLDERS OF SHARES (%) - % 53,3462 3.3. HOLDERS OF PREFERRED SHARES - - 3.4. HOLDERS OF PREFERRED SHARES (%) - - IV. DIVIDEND PER SHARE - - 4.1. HOLDERS OF SHARES - 43.000.000 4.2. HOLDERS OF SHARES (%) - % 6,5152 4.3. HOLDERS OF PREFERRED SHARES - - 4.4. HOLDERS OF PREFERRED SHARES (%) - - (*) Since the profit distribution proposal for the year 2020 has not prepared by the Board of Directors, profit distribution table has not been filled yet . (**) As of December 31, 2021, the dividend to be paid to personnel amounting to TL 4.456.812 (December 31, 2020: TL 4.231.201), which is allocated in accordance with TAS 19, has also been added to the profit. CONSOLIDATED STATEMENT OF PROFIT DISTRIBUTION FOR THE YEAR ENDED DECEMBER 31, 2021 181 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