MILLIRE 2021 ANNUAL REPORT

(Currency: Turkish Lira (TL)) (Convenience Translation of Financial Statements and Related Disclosures and Footnotes Originally Issued in Turkish, See Note 2.1.1) The accompanying notes are an integral part of these unconsolidated financial statements. Millî Reasürans Türk Anonim Şirketi EQUITY V- Equity Note Audited Current Period December 31, 2021 Audited Prior Period December 31, 2020 A- Paid in Capital 660.000.000 660.000.000 1- (Nominal) Capital 2.13,15 660.000.000 660.000.000 2- Unpaid Capital (-) - - 3- Positive Inflation Adjustment on Capital - - 4- Negative Inflation Adjustment on Capital (-) - - 5- Unregistered Capital - - B- Capital Reserves 15 287.282.906 170.939.417 1- Equity Share Premiums - - 2- Cancellation Profits of Equity Shares - - 3- Profit on Sale to be Transferred to Capital 15 24.729.869 24.431.260 4- Translation Reserves 15 41.999.609 (21.166.656) 5- Other Capital Reserves 15 220.553.428 167.674.813 C- Profit Reserves 1.234.068.677 1.266.340.895 1- Legal Reserves 15 226.709.388 194.945.022 2- Statutory Reserves 15 83.112.202 58.171.807 3- Extraordinary Reserves 15 823.206.149 692.870.924 4- Special Funds (Reserves) 15 57.074.903 16.900.903 5- Revaluation of Financial Assets 11,15 28.018.182 284.072.561 6- Other Profit Reserves 15 15.947.853 19.379.678 D- Previous Years’ Profits 270.105.389 192.754.305 1- Previous Years’ Profits 270.105.389 192.754.305 E- Previous Years’ Losses (-) - - 1- Previous Years’ Losses - - F- Net Profit of the Period 15 548.965.648 348.598.908 1- Net Profit of the Period 548.965.648 347.853.694 2- Net Loss of the Period (-) - - 3- Net Income not subject to distribution - 745.214 Total Shareholders’ Equity 3.000.422.620 2.638.633.525 Total Liabilities and Shareholders’ Equity 7.183.128.434 5.506.298.142 UNCONSOLIDATED BALANCE SHEET AS OF DECEMBER 31, 2021 94 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