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) The related party balances as of December 31, 2020 and 2019 are as follows: December 31, 2020 December 31, 2019 Türkiye İş Bankası AŞ 1.023.519.055 1.774.359.555 Other 3.914 3.137 Banks 1.023.522.969 1.774.362.692 Investment funds founded by İş Portföy Yönetimi A.Ş . (Note 11) 653.088.912 1.085.620.877 Bond issued by Türkiye Sınai Kalkınma Bankası A.Ş. (Note 11) 348.295.405 41.955.002 Eurobond issued by Türkiye İş Bankası (Note 11) 90.460.138 74.327.048 Equity shares of the related parties (Note 11) 157.594.734 77.776.570 Bond issued by Türkiye İş Bankası (Note 11) 359.941.473 96.283.796 Investment funds founded by İşbank AG (Note 11) 21.011.668 17.113.532 Bond issued by İş Faktoring A.Ş. (Note 11 ) 73.819.194 - Bond issued by İş GYO A.Ş. (Note 11) 67.265.664 - Bond issued by Yatırım Finansman Menkul Değerler A.Ş. (Note 11) 4.941.870 - Financial assets 1.776.419.058 1.393.076.825 İş Gayrimenkul Yatırım Ortaklığı A.Ş. - TFRS 16 Operating leases 1.813.908 1.956.528 Financial liabilities 1.813.908 1.956.528 Türkiye İş Bankası A.Ş. 581.782.070 469.586.257 Türkiye Sigorta A.Ş (Güneş Sigorta A.Ş) 9.979.614 - Halk Hayat ve Emeklilik A.Ş. (Türkiye Hayat Emeklilik A.Ş.) 8.505.261 - Şişecam Sigorta Aracılık Hizmetleri A.Ş. 6.421.163 5.181.827 Halk Sigorta A.Ş. (Türkiye Sigorta A.Ş.) 3.869.428 - Ziraat Sigorta A.Ş. (Türkiye Sigorta A.Ş.) 2.887.098 3.586.897 Türkiye Hayat ve Emeklilik A.Ş (Vakıf Hayat ve Emeklilik A.Ş) 2.398.064 - Anadolu Hayat Emeklilik A.Ş. 1.025.618 930.395 İstanbul Umum Sigorta A.Ş. 188.991 169.977 Groupama Sigorta A.Ş. 97.516 3.416.718 Güven Sigorta T.A.Ş. 12.903 102.879 Ziraat Hayat ve Emeklilik A.Ş. (Türkiye Hayat Emeklilik A.Ş.) 3.834 86.250 Receivables from main operations 617.171.560 483.061.200 Türkiye İş Bankası A.Ş. 12.735.885 11.021.482 Allianz Sigorta A.Ş. 3.347.558 1.836.870 Axa Sigorta A.Ş. 3.116.280 4.481.577 Şişecam Sigorta Aracılık Hizmetleri AŞ 1.090.820 696.535 Ergo Sigorta A.Ş. (HDI Sigorta A.Ş.) 766.597 1.519.469 HDI Sigorta A.Ş. 448.088 - Liberty Sigorta A.Ş.(HDI Sigorta A.Ş.) 181.993 65.482 Güven Sigorta T.A.Ş. 69.749 - Groupama Sigorta A.Ş. 48.697 - Türkiye Sigorta A.Ş (Güneş Sigorta A.Ş) 42.916 - İstanbul Umum Sigorta A.Ş. 29.063 22.541 Halk Sigorta A.Ş. (Türkiye Sigorta A.Ş.) 9.338 - Payables from main operations 21.886.984 19.643.956 Due to personnel 63.042 211.925 Due to shareholders 152.744 131.570 Due to other related parties 8.661 25.166 Due to related parties 224.447 368.661 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 243