DIVIDEND DISTRIBUTION PROPOSAL

AKSİGORTA ANONİM ŞİRKETİ

BOARD OF DIRECTORS RESOLUTION

DATE OF MEETING: 18.02.2022

RESOLUTION NO: 02

ATTENDANTS OF THE MEETING

• Haluk DİNÇER
• Antonio Cano Y. BOSQUE
• Hatice Burcu CIVELEK YUCE
• Erkan ŞAHİNLER
• Emmanuel Van GRIMBERGEN
• Lütfiye Yeşim UÇTUM
• Hüseyin GÜRER
• Uğur GÜLEN

AGENDA:

Determination of use of profit of the year 2021, the dividend payment and share

RESOLUTION

It has been recognized that there is a “Net Period Profit” of TL 189,396,766 on the Financial Statements prepared in accordance with Capital Market Board’s Accounting Standards and Generally Accepted Accounting Principles and audited by PwC Bağımsız Denetim ve Serbest Muhasebeci Mali Müşavirlik A.Ş. (PwC) for the period of 01.01.2021-31.12.2021.

Pursuant to the Circular No. 2021/25 of the Insurance and Private Pension Regulation and Supervision agency dated 26.11.2021, profit distributions to be made on the financial results financial results of insurance reinsurance and pension companies are limited in a way that does not reduce the capital adequacy ratio below 135%.

Board has unanimously decided to propose and ask for the approval of our shareholders at the Ordinary General Assembly Meeting of 2021 which will take place on March 29, 2021 for the following: Due to the fact that the capital adequacy ratio calculated according to the 2021 financial statements of our company results below the minimum level of 135% determined by the aforementioned Circular, the shareholders are informed that no profit distribution can be made for the 2021 accounting period within the scope of the regulations of the CMB regarding the distribution of profits.