MILLI RE 2023 ANNUAL REPORT

Millî Reasürans Türk Anonim Şirketi (Currency: Turkish Lira (TL)) (Convenience Translation of Financial Statements and Related Disclosures and Footnotes Originally Issued in Turkish) The accompanying notes are an integral part of these unconsolidated financial statements. Audited - Changes in Equity - December 31, 2022 Note Paid in Capital Equity Share Owned by Company (-) Revaluations of Financial Assets Inflation Adjustment on Capital Translation Reserves I- Balance at the end of the previous year - December 31, 2021 660.000.000 - 28.018.182 - 41.999.609 II- Change in Accounting Standards - - - - - III - Restated balances (I+II) - January 1, 2022 660.000.000 - 28.018.182 - 41.999.609 A- Capital increase - - - - - 1- In cash - - - - - 2- From reserves - - - - - B- Purchase of own shares - - - - - C- Gains or losses that are not included in the statement of income - - - - - D- Change in the value of financial assets 15 - - 747.941.217 - - E- Currency translation adjustments - - - - 44.654.832 F- Other gains or losses - - - - - G- Inflation adjustment differences - - - - - H- Net profit for the year - - - - - I- Other reserves and transfers from retained earnings 38 - - - - - J- Dividends paid 38 - - - - - IV- Balance at the end of the period - December 31, 2022 15 660.000.000 - 775.959.399 - 86.654.441 Audited Changes in Equity - December 31, 2023 Note Paid in Capital Equity Share Owned by Company (-) Revaluations of Financial Assets Inflation Adjustment on Capital Translation Reserves I- Balance at the end of the previous year - December 31, 2022 660.000.000 - 775.959.399 - 86.654.441 II- Change in Accounting Standards - - - - - III- Restated balances (I+II) - January 1, 2023 660.000.000 - 775.959.399 - 86.654.441 A- Capital increase - - - - - 1- In cash - - - - - 2- From reserves - - - - - B- Purchase of own shares - - - - - C- Gains or losses that are not included in the statement of income - - - - - D- Change in the value of financial assets 15 - - 800.341.979 - - E- Currency translation adjustments - - - - 167.862.804 F- Other gains or losses - - - - - G- Inflation adjustment differences - - - - - H- Net profit for the year - - - - - I - Other reserves and transfers from retained earnings 38 - - - - - J- Dividends paid 38 - - - - - IV - Balance at the end of the period - December 31, 2023 15 660.000.000 - 1.576.301.378 - 254.517.245 Unconsolidated Statement of Changes in Equity For the Year Ended December 31, 2023 102 MİLLİ RE