Aksigorta : A.Ş. 2023 - Second Quarter Consolidated Financial Statements SFRS

(CONVENIENCE TRANSLATION OF INDEPENDENT AUDITOR'S REPORT AND CONSOLIDATED FINANCIAL STATEMENTS ORIGINALLY ISSUED IN TURKISH)

AKSİGORTA A.Ş.

CONSOLIDATED FINANCIAL STATEMENTS FOR THE INTERIM PERIOD JANUARY 1 - JUNE 30, 2023

AND INDEPENDENT AUDITOR'S REPORT

CONVENIENCE TRANSLATION OF

THE REVIEW REPORT FOR THE CONSOLIDATED INTERIM PERIOD

OF AKSİGORTA A.Ş.

(ORIGINALLY ISSUED IN TURKISH)

To the General Assembly of Aksigorta A.Ş.,

Introduction

1. We have reviewed the accompanying consolidated balance sheet of Aksigorta A.Ş. ("Company") and its subsidiary (collectively referred as the "Group") as of 30 June 2023 and the related statement of income, changes in shareholders' equity and cash flows for the six-month period then ended, and a summary of significant accounting policies and other explanatory notes. The Group's Management is responsible for the preparation and fair presentation of the consolidated interim financial statements in accordance with accounting and financial reporting regulations enforced by the insurance legislation of Turkey and Turkish Accounting Standard 34, "Interim Financial Reporting" for the matters not regulated by such insurance legislation, the so-called "Regulation on Insurance Accounting and Financial Reporting Principles" ("the insurance legislation"). Our responsibility is to express a conclusion on these consolidated interim financial statements based on our review.

Scope of the Review

2. We conducted our review in accordance with the Standard on Review Engagements 2410 "Limited Review of Interim Financial Information Performed by the Independent Auditor of the Entity" and the principles on the review of interim financial statements as set out in the insurance legislation.

A review of consolidated interim financial information consists of making inquiries, primarily of persons responsible for consolidated financial reporting process, and applying analytical and other review procedures. A review of interim financial information is substantially less in scope than an independent audit performed in accordance with the Independent Auditing Standards and the regulation regarding audit policies in force due to the insurance legislation and the objective of which is to express an opinion on the consolidated financial statements. Consequently, a review of the interim financial information does not provide assurance that the audit firm will be aware of all significant matters which would have been identified in an audit. Accordingly, we do not express an opinion.

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BJK Plaza, Süleyman Seba Caddesi No:48 B Blok Kat:9 Akaretler Beşiktaş 34357 İstanbul-Turkey

Conclusion

3. Based on our review, nothing has come to our attention that causes us to believe that the accompanying consolidated interim financial statements do not give a true view of the consolidated financial position of Aksigorta A.Ş. at 30 June 2023, and of the results of its operations and its cash flows for the six-month period then ended in all aspects in accordance with the accounting principles and standards as set out in the insurance legislation.

Additional Paragraph for Convenience Translation into English

4. As discussed in Note 2.27 to the accompanying consolidated financial statements, the effects of differences between the accounting principles as set out by the related insurance laws and accounting principles generally accepted in countries in which the accompanying consolidated financial statements are to be distributed and International Financial Reporting Standards ("IFRS") have not been quantified in the accompanying consolidated interim financial statements. Accordingly, the accompanying interim financial statements are not intended to present the financial position and results of operations and changes in consolidated financial position and cash flows in accordance with accounting principles generally accepted in such countries and IFRS.

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Serbest Muhasebeci Mali Müşavirlik A.Ş.

ORIGINALLY ISSUED IN TURKISH

Talar Gül, SMMM

Partner

Istanbul, 7 August 2023

THE MANAGEMENT'S REPRESENTATION ON THE FINANCIAL STATEMENTS

PREPARED AS OF 30 JUNE 2023

The accompanying consolidated financial statements and the related disclosures and notes as of 30 June 2023 (the 'financial report') are prepared in accordance with the requirements set out by Republic of Turkey Ministry of Treasury and Finance accordance with the accounting principles and standarts in force in and are in compliance with our Company's accounting records.

İstanbul, 7 August 2023

AKSİGORTA A.Ş.

CONSOLIDATED FINANCIAL STATEMENTS FOR THE PERIOD JANUARY 1 - JUNE 30, 2023