MILLI RE 2020 ANNUAL REPORT

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 5 Shareholder Value of Stake (TL) Stake (%) İşbank 578,177,925.55 87.60 Groupama Hayat A.Ş. 38,809,894.19 5.88 Ankara Natural Electricity Generation and Trade Co. Inc. 22,240,455.60 3.37 Ziraat Bank 16,430,944.19 2.49 Other 4,340,780.47 0.66 Total 660,000,000 100.00 Note: Shareholders controlling 1% or greater stakes in the Company are shown here above. İşbank 87.60% Groupama Hayat A.Ş. 5.88% Ankara Natural Electricity Generation and Trade Co. Inc. 3.37% Ziraat Bank 2.49% Other 0.66% Capital Increases There were no capital increases during 2020. Changes in the Shareholder Structure during 2020 İşbank’s acquisition of the shares with a nominal value of TL 69,604,854 representing 10.55 percent of the Company’s capital held by Milli Re Staff Pension Fund, one of the shareholders of the Company, in their entirety as of 21 August took place based on the Milli Re Board of Directors decision dated 26 August 2020 no. 1318. Changes in the Articles of Association during 2020 There were no changes in the Articles of Association during 2020. Disclosures on Preferred Shares There are no preferred shares. Shareholder Structure