MILLIRE ENG2024

Movement in tangible assets in the period from January 1 to December 31, 2023 is presented below: January 1, 2023 Additions Foreign currency translation effect (*) Disposals Revaluation surplus December 31, 2023 Cost: Investment properties (Note 7) (**) 1.650.131.000 - - (3.153.406.000) 1.533.275.000 30.000.000 Buildings for own use (**) 744.475.000 - - (1.459.750.000) 715.275.000 - Furniture and fixtures 29.953.528 43.313.945 2.630.094 (32.709.616) - 43.187.951 Land vehicles 3.360.121 - 1.426.373 - - 4.786.494 Operating leases 9.441.382 31.870.920 8.131.514 (9.311.651) - 40.132.165 Construction in progress 11.444.885 69.905.568 - (81.350.453) - - Other Tangible Assets - 53.013.225 - - - 53.013.225 2.448.805.916 198.103.658 12.187.981 (4.736.527.720) 2.248.550.000 171.119.835 Accumulated depreciation: Buildings for own use - 3.592.916 - (3.592.916) - - Furniture and fixtures 12.295.792 5.903.317 2.524.234 (3.501.508) - 17.221.835 Land vehicles 2.168.722 704.702 935.644 - - 3.809.068 Operating leases 9.322.463 9.941.999 1.524.409 (9.311.652) - 11.477.219 Other Tangible Assets - 883.554 - - - 883.554 23.786.977 21.026.488 4.984.287 (16.406.076) - 33.391.676 Carrying amounts 2.425.018.939 137.728.159 (*) Foreign currency translation effect resulted from Singapore Branch. (**) The account for ongoing investments includes costs related to the renovation of the heating and cooling group. As of December 31, 2024, and 2023, there is no mortgage on Company’s tangible assets. 7 Investment properties Additions and disposals for investment properties is given “6- Tangible Assets” note in table of current period movement of tangible assets. Investment properties are presented by fair value method As of December 31, 2023 on balance sheet and The Company’s investment properties gained TL 1.533.275.000 amount of value in 2024 in the context of expertise report prepared by independent professional valuation specialists authorized by Capital Markets Board of Turkey. As of December 31, 2024, the Company does not have any investment properties. (December 31, 2023: 30,000,000 TL). The expertise (excluding VAT) and net book values of investment properties are as follows per real estate. Expertise reports regarding these properties are prepared by independent professional valuation specialists authorized by CMB in December 2023. There is no mortgage on the real estates. 144 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