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) As of December 31, 2023, and 2022, the Group’s available for sale financial assets are detailed as follows: December 31, 2023 Nominal value Cost Fair value Book Value Debt instruments: Government bonds - TL 700.641.655 1.486.782.579 2.498.585.144 2.498.585.144 Government bonds - USD 5.695.410.983 5.678.642.150 6.844.111.534 6.844.111.534 Government bonds - EUR 358.869.000 838.801.696 1.447.270.038 1.447.270.038 Private sector bonds - USD 38.032.000 602.809.643 1.139.663.893 1.139.663.893 Private sector bonds - EUR 2.500.000 65.846.419 79.415.169 79.415.169 Private sector bonds- TL 201.500.000 198.818.720 216.962.284 216.962.284 8.871.701.207 12.226.008.062 12.226.008.062 Non-fixed income financial assets: Equity shares 136.530.191 1.606.535.857 1.606.535.857 Investment funds 35.992.237 69.860.541 69.860.541 172.522.428 1.676.396.398 1.676.396.398 Total available for sale financial assets 9.044.223.635 13.902.404.460 13.902.404.460 December 31, 2022 Nominal value Cost Fair value Book Value Debt instruments: Government bonds - TL 448.286.255 820.742.208 1.233.308.649 1.233.308.649 Government bonds - USD 3.927.018.617 4.102.208.337 4.512.657.179 4.512.657.179 Government bonds - EUR 226.929.000 594.213.913 759.624.014 759.624.014 Private sector bonds - USD 1.546.745.868 1.957.553.357 2.149.555.101 2.149.555.101 Private sector bonds- TL 460.885.000 467.441.052 500.168.150 500.168.150 Impairment loss on private sector bonds (6.954.540) (6.954.540) 7.942.158.867 9.148.358.553 9.148.358.553 Non-fixed income financial assets: Equity shares 136.496.200 943.672.496 943.672.496 Investment funds 52.537.380 63.257.425 63.257.425 189.033.580 1.006.929.921 1.006.929.921 Total available for sale financial assets 8.131.192.447 10.155.288.474 10.155.288.474 All debt instruments presented above are traded in the capital markets, As of December 31, 2023, equity shares classified as available for sale financial assets with a carrying amount of TL 805.244 are not publicly traded (December 31, 2022: TL 771.254). There is no debt security issued during the period or issued before and paid during the period by the Group. 227 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