Milli Re 2025 Annual Report

Capital Increases There were no capital increases during 2025. Changes in the Shareholder Structure during 2025 There has been a change in the shareholder structure in 2025 following the transfer of shares with a nominal value of TL 52,985 corresponding to 0.8% of the capital held by İstanbul Umum Sigorta A.Ş. to Demirören Yatırım Holding A.Ş. as the result of the merger of 31 December 2024. Changes in the Articles of Association during 2025. In the Ordinary General Assembly Meeting convened on 26 March 2025, Article 27 (F) of the Articles of Association that sets out the Distribution of Profit was amended as follows: “Of the amount remaining after the legal reserves, first dividends, other reserves and funds specified above are set aside from out of the net profit, a portion up to 3%, which shall be capped at five months’ salary, shall be distributed to employees.” In this provision, the maximum amount that was capped at three months’ salary has been amended as five months’ salary. Disclosures on Preferred Shares There are no preferred shares. Shareholder Structure Shareholder Value of Stake (TL) Stake (%) İşbank 578,177,925.55 87.60 AXA Hayat ve Emeklilik A.Ş. 38,809,894.19 5.88 Ankara Natural Electricity Generation and Trade Co. Inc. 22,240,455.60 3.37 Ziraat Bank 16,430,944.19 2.49 Other 4,340,780.47 0.66 Total 660,000,000.00 100. 00 Note: Shareholders controlling 1% or greater stakes in the Company are shown here above. İşbank AXA Hayat ve Emeklilik A.Ş. Ankara Natural Electricity Generation and Trade Co. Inc. Ziraat Bank Other 87.60% 5.88% 3.37% 2.49% 0.66% GENERAL INFORMATION FINANCIAL RIGHTS PROVIDED TO THE MEMBERS OF THE GOVERNING BODY AND SENIOR EXECUTIVES RISKS AND ASSESSMENT OF THE GOVERNING BODY ACTIVITIES AND MAJOR DEVELOPMENTS RELATED TO ACTIVITIES RESEARCH & DEVELOPMENT ACTIVITIES FINANCIAL STATUS FINANCIAL INFORMATION 7