MILLI REASURANS ANNUAL REPORT 2018

Milli Re Annual Report 2018 Financial Status / 75 DIVIDEND DISTRIBUTION PROPOSAL Out of TL 309,275,069 that constitutes the pretax profit reported in 2018 balance sheet, Less TL 27,682,983 to be set aside as provision for taxes provided that there is a balance after accrual of taxes, such balance will be added to legal reserves; Yielding TL 281,592,086 which is the pretax profit reported in 2018 balance sheet, TL 14,079,604 which is 5% pretax profit, set aside for legal reserves as per section 27/a of the Articles of Association; from the remaining amount of TL 267,512,482 TL 26,751,248 which is 10% of pretax profit, be distributed to shareholders as first dividend, as per section 27/c of the Articles of Association, from the remaining amount of TL 240,761,234 TL 3,378,675 for distribution to the personnel, as per section 27/f of the Articles of Association, from the remaining amount of TL 237,382,559 a total of TL 33,248,752 be set aside for second dividend, as per section 27/g of the Articles of Association from the remaining amount of TL 204,133,807 TL 3,037,868 be set aside as statutory reserves as per Article 519/2 (c) of the Turkish Commercial Code the entirety of the remaining amount of TL 201,095,939 be transferred to legal reserves. Provided that the proposal presented above is approved by your Esteemed Assembly, profit share distribution will take place on 28 March 2019. We extend our thanks to our business partners and our employees who contributed to the positive results achieved in 2018. BOARD OF DIRECTORS