MILLI REASURANS ANNUAL REPORT 2018

Millî Reasürans Türk Anonim Şirketi (Currency: Turkish Lira (TL)) (Convenience Translation of Financial Statements and Related Disclosures and Footnotes Originally Issued in Turkish, See Note 2.1.1) The accompanying notes are an integral part of these consolidated financial statements. Note Audited Current Period December 31, 2018 (*) Audited Prior Period December 31, 2017 I. PROFIT DISTRIBUTION 1.1. CURRENT YEAR PROFIT (*) 309.275.069 150.503.442 1.2. TAX AND FUNDS PAYABLE 35 (27.682.983) (44.131.400) 1.2.1. Corporate Income Tax (Income Tax) 35 (27.682.983) (44.131.400) 1.2.2. Income tax deduction - - 1.2.3. Other taxes and Duties - - A NET PROFIT (1.1 - 1.2) 281.592.086 106.372.042 1.3. PREVIOUS PERIOD LOSSES (-) - 1.4. FIRST LEGAL RESERVE (14.079.604) (5.318.602) 1.5. STATUTORY FUND (-) - - B NET PROFIT DISTRIBUTION [(A-(1.3 + 1.4 + 1.5)] 267.512.482 101.053.440 1.6. FIRST DIVIDEND TO SHAREHOLDERS (-) - (10.105.344) 1.6.1. Holders of shares - (10.105.344) 1.6.2. Holders of Preferred shares - - 1.6.3. Holders of Redeemed shares - - 1.6.4. Holders of Participation Bond - - 1.6.5. Holders of Profıt and Loss sharing certificate - - 1.7. DIVIDEND TO PERSONNEL (-) - (2.728.443) 1.8. DIVIDENDS TO BOARD OF DIRECTORS (-) - - 1.9. SECOND DIVIDEND TO SHAREHOLDERS (-) - (39.894.656) 1.9.1. Holders of shares - (39.894.656) 1.9.2. Holders of Preferred shares - - 1.9.3. Holders of Redeemed shares - - 1.9.4. Holders of Participation Bond - - 1.9.5. Holders of Profıt and Loss sharing certificate - - 1.10. SECOND LEGAL RESERVE (-) - (1.972.844) 1.11. STATUTORY RESERVES (-) - - 1.12. EXTRAORDINARY RESERVES - (46.352.153) 1.13. OTHER RESERVES - - 1.14. SPECIAL FUNDS - - II. DISTRIBUTION OF RESERVES - - 2.1. DISTRIBUTION OF RESERVES - - 2.2. SECOND LEGAL RESERVES (-) - - 2.3. COMMON SHARES (-) - - 2.3.1. Holders of shares - - 2.3.2 Holders of Preferred shares - - 2.3.3. Holders of Redeemed shares - - 2.3.4 Holders of Participation Bond - - 2.3.5 Holders of Profıt and Loss sharing certificate - - 2.4. DIVIDENDS TO PERSONNEL (-) - - 2.5. DIVIDENDS TO BOARD OF DIRECTORS (-) - - III. PROFIT PER SHARE - - 3.1. HOLDERS OF SHARES - 106.372.042 3.2. HOLDERS OF SHARES (%) - 16,1170 3.3. HOLDERS OF PREFERRED SHARES - - 3.4. HOLDERS OF PREFERRED SHARES (%) - - IV. DIVIDEND PER SHARE - - 4.1. HOLDERS OF SHARES - 50.000.000 4.2. HOLDERS OF SHARES (%) - 7,5758 4.3. HOLDERS OF PREFERRED SHARES - - 4.4. HOLDERS OF PREFERRED SHARES (%) - - (*) Since the profit distribution proposal for the year 2018 has not prepared by the Board of Directors, profit distribution table has not been filled yet. (**) Reserve for personnel dividend amounting to TL 3.378.675 that recognized according to TAS 19 is included in period profit as of December 31, 2018. CONSOLIDATED STATEMENT OF PROFIT DISTRIBUTION FOR THE YEAR ENDED DECEMBER 31, 2018 Millî Reasürans Annual Report 2018 Consolidated Financial Statements and Independent Auditors’ Report / 175