Milli Re 2025 Annual Report

There is no debt security issued during the period or issued before and paid during the period by the Company. Value increases in financial assets including equity shares classified as available for sale financial assets and subsidiaries for the last 3 years (including tax effects): Year Change in value increase Total increase in value 2025 465.750.457 2.330.457.161 2024 288.405.326 1.864.706.704 2023 800.341.979 1.576.301.378 Details of the financial assets issued by related parties of the Company’s are as follows: December 31, 2025 Nominal value Cost Fair value Net book value Available for sale financial assets - Equity shares 111.871.244 928.628.812 928.628.812 Financial Assets Held For Trading - Investment funds 1.342.774.547 1.624.069.303 1.624.069.303 Available for sale financial assets - Private sector bonds TL 1.235.000.000 1.228.154.750 1.350.844.500 1.350.844.500 Total 2.682.800.541 3.903.542.615 3.903.542.615 December 31, 2024 Nominal value Cost Fair value Net book value Available for sale financial assets - Equity shares 61.871.244 785.142.798 785.142.798 Available for sale financial assets - Investment funds 27.000.000 27.944.617 27.944.617 Financial Assets Held For Trading - Investment funds 1.438.262.419 1.625.012.463 1.625.012.463 Available for sale financial assets - Private sector bonds TL 515.000.000 496.342.000 512.155.300 512.155.300 Total 2.023.475.663 2.950.255.178 2.950.255.178 174 MİLLÎ REASÜRANS 2025 Annual Report Notes to the Unconsolidated Financial Statements As of December 31, 2025 Millî Reasürans Türk Anonim Şirketi (Currency: Turkish Lira (TRY)) (Convenience Translation of Financial Statements and Related Disclosures and Footnotes Originally Issued in Turkish)