MILLI_RE_ANNUAL REPORT 2022

1 General information 1.1 Name of the Company and the ultimate owner of the group The shareholder having direct or indirect control over the shares of Millî Reasürans Türk Anonim Şirketi (“the Company”) is Türkiye İş Bankası AŞ Group (“İş Bankası”) having 87.60% of the outstanding shares. The Company was established in February 26, 1929 and has been operating since in July 19, 1929. 1.2 The Company’s address and legal structure and address of its registered country and registered office (or, if the Company’s address is different from its registered office, the original location where the Company’s actual operations are performed) The Company was registered in Turkey in July 16, 1929 and has the status of ‘Incorporated Company’. The address of the Company’s registered office is Maçka Cad. No: 35 34367 Şişli İstanbul. 1.3 Main operations of the Company The Company is primarily engaged in reinsurance and retrocession businesses in domestic and international markets. In 2007, the Company opened a branch in Singapore upon the completion of the necessary local formalities according to the local legislation. Singapore branch has been operating since 2008. 1.4 Details of the Company’s operations and nature of field of activities The Company conducts its operations in accordance with the Insurance Law No. 5684 (“the Insurance Law”) issued in June 14, 2007 dated and 26552 numbered Official Gazette and the communiqués and other regulations in force issued by Republic of Turkey Ministry of Treasury and Finance based on the Insurance Law. The purpose and activities of the Company as stated at the Articles of Association of the Company are as follows: • Providing life and non-life reinsurance and other related products and services in all insurance branches and sub-branches to Turkish and foreign insurance companies; • Managing and participating in reinsurance operations of Pools, • Purchasing, selling, constructing and renting real estates, • Purchasing debt instruments and shares issued by all sorts of commercial, industrial and financial institutions and government agencies as well as providing capital or participating in the establishment of such institutions to provide a consistent, secure and adequate financial income, • In addition to these, carrying out other operations upon recommendation by the Board of Directors and resolution of the General Meeting which are deemed to be beneficial and material for the Company and are not prohibited by the law. 1.5 Average number of the Company’s personnel based on their categories The average number of the personnel during the year in consideration of their categories is as follows: December 31, 2022 December 31, 2021 Top executive 5 5 Managers 36 34 Officers 127 126 Contracted personnel 3 4 Other personnel 28 32 Total 199 201 1.6 Remuneration and similar benefits provided to top management For the year ended December 31, 2022, wages and similar benefits provided to the top management including chairperson, members of the board of the directors, general manager, general coordinator, and deputy general managers is amounting to TL 14.904.661 (December 31, 2021: TL 8.462.579). 112 MİLLİ RE 2022 ANNUAL REPORT Notes to the Unconsolidated Financial Statements As of December 31, 2022 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 GENERAL INFORMATION FINANCIAL RIGHTS PROVIDED TO THE MEMBERS OF THE GOVERNING BODY AND SENIOR EXECUTIVES RESEARCH & DEVELOPMENT ACTIVITIES ACTIVITIES AND MAJOR DEVELOPMENTS RELATED TO ACTIVITIES