MILLI RE 2023 ANNUAL REPORT

Anadolu Anonim Türk Sigorta Şirketi Anadolu Anonim Türk Sigorta Şirketi (Anadolu Sigorta) is Türkiye’s first national insurance company, which was established on 01 April 1925. As one of the market leaders, while its premium production reached TL 44.2 billion, it has total assets of TL 56.4 billion and shareholders’ equity of TL 12.2 billion on consolidated basis in 2023. Anadolu Sigorta operates in all lines of business except Life. Fitch Ratings confirmed Anadolu Sigorta’s ratings for International Financial Strength as B+ with negative look, for National Financial Strength as AA+ (tur) with stable outlook. Anadolu Sigorta’s shares are publicly traded on Borsa İstanbul (BİST) National Market under the symbol “ANSGR”. 48% of the Company’s shares are public, whilst 57.31% are held by Milli Re. Pursuant to the Communiqué on the Preparation of Consolidated Financial Statements of Insurance, Reinsurance and Pension Companies published in the Official Gazette issue 27097 dated 31 December 2008 and to the Turkish Accounting Standards 27, Milli Re consolidates the financial results of Anadolu Sigorta on a line-by-line basis since 30 September 2010. www.anadolusigorta.com.tr Miltaş Turizm İnşaat Ticaret A.Ş. Miltaş Sports Complex has been serving the insurance market since 1986 with its facilities for various sports, particularly tennis and basketball. Since 1986, an “International Insurance Tennis Tournament” has been organized at the Miltaş every year in early summer, which gives foreign reinsurers and brokers interested in the Turkish insurance market the opportunity to meet with insurance companies in a different atmosphere. In addition to tennis and basketball sports schools for various age groups, private tennis lessons for adults are also offered every year. Milli Re has 100% share in Miltaş Turizm İnşaat Ticaret A.Ş. Within the context of the exception stipulated in the Communiqué on the Preparation of Consolidated Financial Statements of Insurance, Reinsurance and Pension Companies published in the Official Gazette issue 27097 dated 31 December 2008, Miltaş Turizm İnşaat Ticaret A.Ş., which is a subsidiary of the Company, is excluded from the scope of consolidation, due to the fact that the subsidiary’s total assets correspond to less than 1% of the Company’s total assets. www.miltasturizm.com.tr AFFILIATES GENERAL INFORMATION FINANCIAL RIGHTS PROVIDEDTOTHE MEMBERS OF THE GOVERNING BODY AND SENIOR EXECUTIVES ACTIVITIES AND MAJOR DEVELOPMENTS RELATED TO ACTIVITIES RESEARCH & DEVELOPMENT ACTIVITIES FINANCIAL STATUS FINANCIAL INFORMATION 37 2023 Annual Report RISKS AND ASSESSMENT OF THE GOVERNING BODY