MILLI RE 2023 ANNUAL REPORT

Notes to the Consolidated 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) 11 Financial assets As of December 31, 2023, and 2022, the Group’s financial assets are detailed as follows: December 31, 2023 December 31, 2022 Available for sale financial assets 13.902.404.460 10.162.243.014 Financial assets held for trading 14.388.404.707 3.365.235.815 Impairment loss on available for sale financial assets 329.439.782 379.792.253 Impairment in value of financial assets (-) - (6.954.540) Total 28.620.248.949 13.900.316.542 As of December 31, 2023, and 2022, the Group’s financial assets held for trading are detailed as follows: December 31, 2023 Nominal value Cost Fair value Book value Debt instruments: 93.172 93.498 93.498 Receivables from reverse repo transactions - TL 93.172 93.498 93.498 Non-fixed income financial assets: Investment funds 8.137.967.833 9.889.141.100 9.889.141.100 Investment funds YP 1.375.426.903 1.425.042.958 1.425.042.958 Equity shares 117.644.053 118.720.901 118.720.901 Futures and options guarantees 2.404.635.484 2.637.957.240 2.637.957.240 Derivative guarantees (Currency protected deposits) 274.181.728 317.449.010 317.449.010 12.309.856.001 14.388.311.209 14.388.311.209 Total financial assets held for trading 12.309.949.173 14.388.404.707 14.388.404.707 December 31, 2022 Nominal value Cost Fair value Book value Non-fixed income financial assets: Investment funds 1.152.180.527 1.788.288.637 1.788.288.637 Investment funds YP 63.032.262 114.654.293 114.654.293 Equity shares 382.654.129 570.731.684 570.731.684 Futures and options guarantees Derivative guarantees (Currency protected deposits) 849.180.960 891.561.201 891.561.201 2.447.047.878 3.365.235.815 3.365.235.815 Total financial assets held for trading 2.447.047.878 3.365.235.815 3.365.235.815 226 MİLLİ RE