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) 45 Related party transactions For the purpose of the accompanying unconsolidated financial statements, shareholders, key management and members of board of directors together with their families and companies controlled by or affiliated with them, and associated companies are considered and referred to as related parties. The related party balances as of December 31, 2023 and 2022 are as follows: December 31, 2023 December 31, 2022 Türkiye İş Bankası A.Ş. 908.899.783 724.044.050 Other - 9.900 Banks 908.899.783 724.053.950 Investment funds founded by İş Portföy Yönetimi A.Ş. ( Note 11) 235.842.034 432.880.122 Equity shares of the related parties (Note 11) 424.203.903 289.699.205 Bond issued by Türkiye İş Bankası A.Ş. (Note 11) 80.000.000 - Eurobonds issued by Türkiye İş Bankası A.Ş. (Note 11) 149.060.326 132.045.525 Investment funds founded by İş Portföy Yönetimi A.Ş. ( Note 11) 119.504.658 85.890.035 Industrial Development Bank of Turkey as bonds issued Inc. (Note 11) 60.424.849 37.101.541 Bonds issued by Türkiye Şişe ve Cam Fabrikaları A.Ş (Note 11) - 82.731.200 Türkiye İş Bankası FX-protected deposits 325.739.000 96.430.000 Financial assets 1.394.774.770 1.156.777.628 Türkiye Sigorta A.Ş (Güneş Sigorta A.Ş.) 218.896.210 78.549.428 Anadolu Sigorta 158.144.576 73.674.497 Anadolu Hayat Emeklilik A.Ş 20.908.036 4.951.884 HDI Sigorta A.Ş. 5.473.370 504.422 İstanbul Umum Sigorta A.Ş 363.976 273.998 Liberty Sigorta A.Ş. (HDI Sigorta A.Ş.) 196.305 42.981 Güven Sigorta T.A.Ş 171.880 - Groupama Sigorta A.Ş - 8.233.869 Ergo Sigorta A.Ş. (HDI Sigorta A.Ş.) - 15.892 Türkiye Hayat ve Emeklilik A.Ş (Vakıf Hayat ve Emeklilik A.Ş) - 2.751 Receivables from main operations 404.154.353 166.249.722 Due from subsidiaries 24.306.074 Due from related parties 24.306.074 Due to shareholders 156.859 156.859 Due to Personnel 1.373 - Due to subsidiaries 503.277 - Due to other related parties 61.146 262.413 Due to related parties 722.655 419.272 Ergo Sigorta A.Ş. (HDI Sigorta A.Ş.) 11.866.746 - Axa Sigorta A.Ş 10.346.777 5.373.820 Groupama Sigorta A.Ş 8.037.790 38.158 Allianz Sigorta A.Ş 4.841.851 3.931.833 Halk Sigorta A.Ş.(Türkiye Sigorta A.Ş) 2.551.783 2.560.806 Türkiye Hayat ve Emeklilik A.Ş (Vakıf Hayat ve Emeklilik A.Ş) 822.069 - Ziraat Sigorta A.Ş.(Türkiye Sigorta A.Ş) 509.084 275.047 Halk Hayat ve Emek.(Türkiye Hayat Emeklilik A.Ş) 383.654 - Liberty Sigorta A.Ş. (HDI Sigorta A.Ş.) 112.079 69.172 Güven Sigorta T.A.Ş 93.301 73.483 Türkiye Sigorta A.Ş (Güneş Sigorta A.Ş.) 45.116 33.279 İstanbul Umum Sigorta A.Ş 44.088 25.580 Anadolu Sigorta 17.851 12.139 Payables from main operations 39.672.189 12.393.317 159 2023 Annual Report GENERAL INFORMATION FINANCIAL RIGHTS PROVIDEDTOTHE MEMBERS OF THE GOVERNING BODY AND SENIOR EXECUTIVES RISKS AND ASSESSMENT OF THE GOVERNING BODY ACTIVITIES AND MAJOR DEVELOPMENTS RELATED TO ACTIVITIES RESEARCH & DEVELOPMENT ACTIVITIES FINANCIAL STATUS FINANCIAL INFORMATION