MILLIRE 2021 ANNUAL REPORT

NOTES TO THE CONSOLIDATED 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) 6 Tangible assets Movement in tangible assets in the period from January 1 to December 31, 2021 is presented below: January 1, 2021 Addition Foreign currency translation effect (*) Disposals Transfers Valuation differences December 31, 2021 Cost: Investment properties (Note 7) 532.918.500 - - - - 102.557.500 635.476.000 Buildings for own use 198.426.240 386.023 - (645.000) - 58.466.977 256.634.240 Machinery and equipment 92.149.319 30.384.338 - (4.307.259) - - 118.226.398 Furniture and fixtures 27.217.474 3.134.253 1.432.218 (451.445) - - 31.332.500 Land Vehicles 7.033.036 - 795.337 - - - 7.828.373 Other tangible assets (including leasehold improvements) 30.451.919 2.963.069 - - - (158.683) - - 33.256.305 Leased tangible assets 3.858.074 - - - - - 3.858.074 Operating Lease Buildings 66.535.309 13.972.868 2.491.466 (9.845.035) - - 73.154.608 Ongoing investments (**) - 5.924.030 - 5.924.030 958.589.871 56.764.581 4.719.021 (15.407.422) - 161.024.477 1.165.690.528 Accumulated depreciation: Buildings for own use 1.284.646 921.219 - (13.564) - (1.911.420) 280.881 Machinery and equipment 67.779.244 15.238.382 - (4.279.387) - - 78.738.239 Furniture and fixtures 19.576.827 2.378.741 1.373.936 (122.341) - - 23.207.163 Land Vehiclesss 2.852.972 1.436.310 238.120 - - - 4.527.402 Other tangible assets (including leasehold improvements) 24.142.098 2.097.382 - (144.311) - - 26.095.169 Leased tangible assets 3.858.074 - - - - - 3.858.074 Operating Lease Buildings 15.642.897 9.277.264 1.113.838 (4.744.526) - - 21.289.473 135.136.758 31.349.298 2.725.894 (9.304.129) - (1.911.420) 157.996.401 Net book value 823.453.113 1.007.694.127 (*) Foreign currency translation effect resulted from Singapore Branch. (**) The costs related to heating and cooling group renewal in the investment in ongoing invesments. 224 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