MILLI RE 2020 ANNUAL REPORT

Millî Reasürans Türk Anonim Şirketi (Currency: Turkish Lira (TL)) NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS AS OF DECEMBER 31, 2020 (Convenience Translation of Financial Statements and Related Disclosures and Footnotes Originally Issued in Turkish, See Note 2.1.1) Details of the financial assets issued by related parties of the Group are as follows: December 31, 2020 Nominal value Cost Fair value Book value Available for sale financial assets - Investment funds 120.369.810 349.955.709 400.926.647 400.926.647 Available for sale financial assets - Private sector bonds 249.800.000 242.267.052 247.006.728 247.006.728 Available for sale financial assets - Private sector bonds 25.000.000 25.000.000 26.200.250 26.200.250 Financial assets held for trading - Investment funds 18.109.391 223.246.721 273.173.933 273.173.933 Available for sale financial assets - Equity shares - 61.871.244 157.594.734 157.594.734 Available for sale financial assets - Private sector bonds 274.294.130 345.092.297 373.603.758 373.603.758 Financial assets held to maturity - Bonds 323.914.244 316.334.308 333.297.510 324.113.258 Total - 1.538.767.331 1.785.603.310 1.776.419.058 December 31, 2019 Nominal value Cost Fair value Book value Available for sale financial assets - Private sector bonds 110.083.786 102.507.233 112.038.548 112.038.548 Available for sale financial assets - Private sector bonds 25.000.000 25.000.000 26.200.250 26.200.250 Available for sale financial assets - Private sector bonds 12.420.000 69.114.084 74.327.048 74.327.048 Available for sale financial assets - Investment funds - 958.243.329 1 .001.253.233 1.001 .253.233 Available for sale financial assets - Equity shares - 62.508.033 77.776.570 77.776.570 Financial assets held for trading - Investment funds - 71.657.767 101.481.176 101.481.176 Total - 1.289.030.446 1.393.076.825 1.393.076.825 As of December 31, 2020, and 2019, there is no financial assets blocked in favour of the Republic of Turkey Ministry of Treasury and Finance as a guarantee for the insurance activities. Financial Status Risks and Assessment of the Governing Body Unconsolidated Financial Statements Together with Independent Auditors’ Report Thereon Consolidated Financial Statements Together with Independent Auditors’ Report Thereon Milli Re Annual Report 2020 225