MILLI_RE_ANNUAL REPORT 2022

Movement in tangible assets in the period from January 1 to December 31, 2021 is presented below: January 1, 2021 Addition Foreign currency translation effect (*) Disposals Transfers Valuation differences December 31, 2021 Cost: Investment properties (Note 7) 532.918.500 - - - - 102.557.500 635.476.000 Buildings for own use 198.426.240 386.023 - (645.000) - 58.466.977 256.634.240 Machinery and equipment 92.149.319 30.384.338 - (4.307.259) - - 118.226.398 Furniture and fixtures 27.217.474 3.134.253 1.432.218 (451.445) - - 31.332.500 Land Vehicles 7.033.036 - 795.337 - - - 7.828.373 Other tangible assets (including leasehold improvements) 30.451.919 2.963.069 - - - (158.683) - - 33.256.305 Leased tangible assets 3.858.074 - - - - - 3.858.074 Operating Lease Buildings 66.535.309 13.972.868 2.491.466 (9.845.035) - - 73.154.608 Ongoing investments (**) - 5.924.030 - 5.924.030 958.589.871 56.764.581 4.719.021 (15.407.422) - 161.024.477 1.165.690.528 Accumulated depreciation: Buildings for own use 1.284.646 921.219 - (13.564) - (1.911.420) 280.881 Machinery and equipment 67.779.244 15.238.382 - (4.279.387) - - 78.738.239 Furniture and fixtures 19.576.827 2.378.741 1.373.936 (122.341) - - 23.207.163 Land Vehiclesss 2.852.972 1.436.310 238.120 - - - 4.527.402 Other tangible assets (including leasehold improvements) 24.142.098 2.097.382 - (144.311) - - 26.095.169 Leased tangible assets 3.858.074 - - - - - 3.858.074 Operating Lease Buildings 15.642.897 9.277.264 1.113.838 (4.744.526) - - 21.289.473 135.136.758 31.349.298 2.725.894 (9.304.129) - (1.911.420) 157.996.401 Net book value 823.453.113 1.007.694.127 (*) Foreign currency translation effect resulted from Singapore Branch. (**) There are costs related to heating and cooling group renewal in the account of investments in progress. As of 31 December 2022 and 31 December 2021, the Group’s real estates, some of which are for investment purposes and some for use, are valued at their fair value and are valued in this context. The appraisal reports for these real estates were prepared by the CMB licensed real estate appraisal Company in December 2022 for Anadolu Sigorta and in December 2022 for Milli Reasürans. There is no mortgage on the Group’s real estate for use. Milli Re’s real estate for use was revalued as of December 2022, and the appraisal reports for these real estates were prepared in December 2022 by a real estate appraisal Company licensed by the CMB. 234 MİLLİ RE 2022 ANNUAL REPORT Notes to the Consolidated 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