MILLI_RE_ANNUAL REPORT 2022

Explanatory note for the amounts and nature of previous years’ income and losses None. Details of rediscount and provision expenses are as follows: Provision expenses December 31, 2022 December 31, 2021 Provision for pension fund deficits (132.268.671) (33.437.456) Provision expenses for doubtful receivables (*) (15.221.603) (28.449.324) Provision for employee termination benefits (Note 23) (2.476.451) (779.776) Other provision (471.823) 67.228 Total of provisions (150.438.548) (62.599.328) (*) The provision for doubtful receivables related to valuation of foreign currency denominated receivables from main operations. Rediscount Expenses December 31, 2022 December 31, 2021 Rediscount income/(expense) from reinsurance receivables 79.665 41.084 Rediscount income/(expense) from reinsurance payables (9.599.934) (1.132.684) Total of rediscounts (9.520.269) (1.091.600) December 31, 2022 December 31, 2021 Independent audit fee for the reporting period (*) 1.785.115 681.499 Fees for tax advisory services 311.811 160.490 Fee for other assurance services - - Fees for services other than independent audit - - Total 2.096.926 841.989 (*) As of 31 December 2022, the independent audit fee received from Güney Independent Auditing and SMMM A.Ş is 543.775 TL, and the audit fee received from other independent audit companies is 1.241.340 TL (31 December 2021: Güney Independent Auditing and SMMM A. The independent audit fee is 189.900 TL, and the audit fee received from other independent audit companies is 491.599 TL.) 172 MİLLİ RE 2022 ANNUAL REPORT Notes to the Unconsolidated Financial Statements As of December 31, 2022 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 GENERAL INFORMATION FINANCIAL RIGHTS PROVIDED TO THE MEMBERS OF THE GOVERNING BODY AND SENIOR EXECUTIVES RESEARCH & DEVELOPMENT ACTIVITIES ACTIVITIES AND MAJOR DEVELOPMENTS RELATED TO ACTIVITIES