MILLIRE ENG2024

Foreign currency rates used for the translation of foreign currency denominated monetary assets and liabilities As of December 31, 2024 and 2023 dates are as follows: Buying Selling Average ABD Euro ABD Euro ABD Euro 31 December 2024 35,2803 36,7362 35,3438 36,8024 32,7984 35,4893 31 December 2023 29,4382 32,5739 29,4913 32,6326 23,7482 25,6852 Exposure to foreign currency risk 20 percent depreciation of the TL against the following currencies As of December 31, 2024 would have increased or decreased equity and profit or loss (excluding tax effects) by the amounts shown below (December 31, 2023: 20 percent depreciation of the TL). This analysis assumes that all other variables, in particular interest rates, remain constant. In case of a 20 percent appreciation of the TL against the following currencies, the effect will be in opposite direction. December 31, 2024 December 31, 2023 Profit or loss Equity (*) Profit or loss Equity (*) US Dollar 11.480.069 11.480.069 99.047.717 99.047.717 Euro 644.811.938 644.811.938 1.452.378.687 1.452.378.687 Other (24.215.515) (24.215.515) 45.061.546 45.061.546 Total, net 632.076.492 632.076.492 1.596.487.950 1.596.487.950 (*) Equity effect also includes profit or loss effect of 20% depreciation of TL against related currencies (December 31, 2023: 20% depreciation of TL). Exposure to interest rate risk The principal risk to which non-trading portfolios are exposed is the risk of loss from fluctuations in the future cash flows or fair values of financial instrument because of a change in market interest rates. Interest rate risk is managed principally through monitoring interest rate gaps and by having pre-approved limits for repricing bands. As of the reporting period, the interest profile of the Company’s interest-bearing financial assets is detailed in the table below: December 31, 2024 December 31, 2023 Financial assets Financial assets with fixed interest rates: 6.417.269.221 4.646.941.078 Cash at banks (Note 14) 3.962.224.360 1.382.361.342 Available for sale financial assets - Government bonds - FC (Note 11) 114.506.740 102.838.930 Available for sale financial assets - Government bonds - TL (Note 11) 1.270.677.676 1.919.827.571 Available for sale financial assets - Private sector bonds - FC (Note 11) 380.160.683 22.834.174 Available for sale financial assets - Private sector bonds - TL (Note 11) 689.699.762 1.219.079.061 Financial assets with variable interest rate: 160.772.800 405.739.000 FX-protected deposits; (Note 11) - 325.739.000 Available for sale financial assets - Private sector bonds - TL (Note 11) 160.772.800 80.000.000 Fair value information The estimated fair values of financial instruments have been determined using available market information, and where it exists, appropriate valuation methodologies. The Company has classified its financial assets as held for trading or available for sale. As of the reporting date, available for sale financial assets and financial assets held for trading are measured at their fair values based on their quoted prices or fair value information obtained from brokers in the accompanying unconsolidated financial statements. Management estimates that the fair value of other financial assets and liabilities are not materially different than their carrying values. 140 Millî Reasürans Türk Anonim Şirketi (Currency: Turkish Lira (TL)) Notes to the Unconsolidated Financial Statements As of December 31, 2024 (Convenience Translation of Financial Statements and Related Disclosures and Footnotes Originally Issued in Turkish) MİLLİ RE