Milli Re 2025 Annual Report

Details of rediscount and provision expenses are as follows: Provision expenses December 31, 2025 December 31, 2024 Provision for pension fund deficits (324.995.929) (315.259.415) Provision expenses for doubtful receivables (*) (47.088.560) (24.890.113) Provision for employee termination benefits (Note 23) (10.107.734) 10.286.459 Other provision 33.288 26.767 Total of provisions (382.158.935) (329.836.302) (*) The provision for doubtful receivables related to valuation of foreign currency denominated receivables from main operations. Rediscount Expenses December 31, 2025 December 31, 2024 Rediscount income/(expense) from reinsurance receivables 1.398.807 23.127 Rediscount income/(expense) from reinsurance payables 7.223.608 (9.603.272) Total of rediscounts 8.622.415 (9.580.145) Fees for Services Rendered by Independent Auditor/Independent Auditing Firm (*) : December 31, 2025 (**) December 31, 2024 Independent audit fee for the reporting period 19.718.171 4.906.741 Fees for tax advisory services 450.000 650.030 Non audit assurance services 2.423.510 - Total 22.591.681 5.556.771 (*) Fee excluding VAT. (**) The fees for the current period include the assurance audit of the 2024 TSRS sustainability report conducted in 2025 after the approval of the financial statements for the fiscal period of January 1 - December 31, 2024, as well as the audit fees for the TFRS 17 financial statements from previous periods. 198 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)