MILLI RE 2023 ANNUAL REPORT

Notes to the Unconsolidated Financial Statements As of December 31, 2023 Millî Reasürans Türk Anonim Şirketi (Currency: Turkish Lira (TL)) (Convenience Translation of Financial Statements and Related Disclosures and Footnotes Originally Issued in Turkish) Classification relevant to fair value information TFRS 7 - Financial instruments: Disclosures requires the classification of fair value measurements into a fair value hierarchy by reference to the observability and significance of the inputs used in measuring fair value of financial instruments measured at fair value to be disclosed. This classification basically relies on whether the relevant inputs are observable or not. Observable inputs refer to the use of market data obtained from independent sources, whereas unobservable inputs refer to the use of predictions and assumptions about the market made by the Company. This distinction brings about a fair value measurement classification generally as follows. Level 1: Fair value measurements using quoted prices (unadjusted) in active markets for identical assets or liabilities; Level 2: Fair value measurements using inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly (as prices) or indirectly (derived from prices). Level 3: Fair value measurements using inputs for the assets or liability that are not based on observable market data (unobservable inputs). Classification requires the utilization of observable market data, if available. The classification of fair value measurements of financial assets and liabilities measured at fair value is as follows: December 31, 2023 Level 1 Level 2 Level 3 Total Financial assets: Held for trading financial assets (Note 11) 285.486.151 325.739.000 - 611.225.151 Available for sale financial assets (Note 11) (*) 3.838.620.291 - - 3.838.620.291 Associates (Note 9) - 803.602.412 - 803.602.412 Subsidiaries (Note 9) - 9.888.845.439 - 9.888.845.439 Total financial assets 4.124.106.442 11.018.186.851 - 15.142.293.293 Tangible assets: Investment properties (Note 6) - 30.000.000 - 30.000.000 Owner Occupied Properties (Note 6) - - - - Total tangible assets - 30.000.000 - 30.000.000 Total 4.124.106.442 11.048.186.851 - 15.172.293.293 (*) As of December 31, 2023, securities that are not publicly traded amounting to TL 91.492 have been measured at cost. December 31, 2022 Level 1 Level 2 Level 3 Total Financial assets: Held for trading financial assets (Note 11) 903.301.915 96.430.000 - 999.731.915 Available for sale financial assets (Note 11) (*) 2.814.138.762 - - 2.814.138.762 Associates (Note 9) - 431.889.372 - 431.889.372 Subsidiaries (Note 9) - 2.333.428.436 - 2.333.428.436 Total financial assets 3.717.440.677 2.861.747.808 - 6.579.188.485 Tangible assets: Investment properties (Note 6) - 1.650.131.000 - 1.650.131.000 Owner Occupied Properties (Note 6) - 744.475.000 - 744.475.000 Total tangible assets - 2.394.606.000 - 2.394.606.000 Total 3.717.440.677 5.256.353.808 - 8.973.794.485 (*) As of December 31, 2022, securities that are not publicly traded amounting to TL 91.492 have been measured at cost. 134 MİLLİ RE