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 unconsolidated financial statements. EQUITY V- Equity Note Audited Current Period December 31, 2018 Audited -Restated (*) Prior Period December 31, 2017 A- Paid in Capital 660.000.000 660.000.000 1- (Nominal) Capital 2.13,15 660.000.000 660.000.000 2- Unpaid Capital (-) - - 3- Positive Inflation Adjustment on Capital - - 4- Negative Inflation Adjustment on Capital (-) - - 5- Unregistered Capital - - B- Capital Reserves 15 144.260.425 129.183.342 1- Equity Share Premiums - - 2- Cancellation Profits of Equity Shares - - 3- Profit on Sale to be Transferred to Capital 15 24.245.511 23.723.323 4- Translation Reserves 15 (43.734.932) (28.441.170) 5- Other Capital Reserves 15 163.749.846 133.901.189 C- Profit Reserves 415.359.698 376.873.982 1- Legal Reserves 15 123.041.466 104.684.305 2- Statutory Reserves 15 23.673.660 14.966.866 3- Extraordinary Reserves 15 284.629.561 179.927.411 4- Special Funds (Reserves) - - 5- Revaluation of Financial Assets 11,15 (38.392.931) 52.911.798 6- Other Profit Reserves 15 22.407.942 24.383.602 D- Previous Years’ Profits 238.466.727 217.988.199 1- Previous Years’ Profits 238.466.727 217.988.199 E- Previous Years’ Losses (-) - - 1- Previous Years’ Losses - F- Net Profit of the Period 15 278.213.412 203.022.345 1- Net Profit of the Period 278.213.412 203.022.345 2- Net Loss of the Period (-) - - 3- Net Income not subject to distribution - - Total Shareholders’ Equity 1.736.300.262 1.587.067.868 Total Liabilities and Shareholders’ Equity 3.738.241.986 3.179.504.466 (*) Information related to restated financial statements has been disclosed in Note 2.1.6 “Accounting Policies, Changes and Mistakes in Accounting Estimates. UNCONSOLIDATED BALANCE SHEET AS OF DECEMBER 31, 2018 Millî Reasürans Annual Report 2018 92 / Unconsolidated Financial Statements and Independent Auditors’ Report