Milli Re 2025 Annual Report

1.4 Details of the Company’s operations and nature of field of activities The Company and its subsidiary Anadolu Sigorta conduct their activities within the framework of the Insurance Law No. 5684 published in the Official Gazette dated June 14, 2007 and numbered 26552 (“Insurance Law”) and other regulations and regulations published by the Insurance Law and the Insurance and Private Pension Regulation and Supervision Board (“SEDDK”) based on this law and previously published by the Ministry of Treasury and Finance of the Republic of Turkey (“Ministry of Treasury and Finance”). Miltaş, a subsidiary of the Company, carries out its activities within the framework of the Turkish Commercial Code No. 6102. The purpose and activities of the Company as stated at the Articles of Association of the Company are as follows: – Providing life and non-life reinsurance and other related products and services in all insurance branches and sub- branches to Turkish and foreign insurance companies, – Managing and participating in reinsurance operations of Pools, – Purchasing, selling, constructing and renting real estates, – Purchasing debt instruments and shares issued by all sorts of commercial, industrial and financial institutions and government agencies as well as providing capital or participating in the establishment of such institutions to provide a consistent, secure and adequate financial income, – In addition to these, carrying out other operations upon recommendation by the Board of Directors and resolution of the General Meeting which are deemed to be beneficial and material for the Company and are not prohibited by the law. Anadolu Sigorta, subsidiary of the Company, is incorporated in Turkey and operates in insurance branches as mentioned above Note 1.3 Business of the Company. Anadolu Sigorta’s shares have been listed on the Istanbul Stock Exchange (“BIST”). In accordance with Paragraph 5 Article 136 in Section VIII of the Capital Markets Law numbered 6362, insurance companies have to comply with their own specific laws and regulations in matters of establishment, supervision/oversight, accounting and independent auditing standards; therefore, Anadolu Sigorta performs its operations accordingly. Miltaş, subsidiary of the Company, is incorporated in Turkey and operates in business activities as mentioned above Note 1.3 Business of the Company. The Company’s subsidiary, Genesis, was registered in Hong Kong on July 17, 2025, with an establishment capital of 55.091 TL, corresponding to 10.000 HKD. The activities of this subsidiary are detailed in Note 1.3 - Nature of Business Operations. 1.5 Average number of the Company’s personnel based on their categories The average number of the personnel during the year in consideration of their categories is as follows: December 31, 2025 December 31, 2024 Top executive 24 23 Managers 79 69 Assistant managers 224 214 Contracted personnel 1 1 Advisors 3 2 Specialist/Senior/Other personnel 1.705 1.667 Total 2.036 1.976 224 MİLLÎ REASÜRANS 2025 Annual Report Notes to the Consolidated 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)