I. Purpose

This policy has been created by the Türkiye Sigorta A.Ş. Compensation Committee to define the principles and criteria for determining the total compensation policies for the members of the Board of Directors and Senior Executives of Türkiye Sigorta.

II. Governance

The Compensation Committee determines the principles, criteria, and practices to be used in compensating the Board of Directors members and senior executives, considering the company's long-term goals, and monitors their implementation. Based on the degree to which the established criteria are met, the committee presents its recommendations on compensation for the Board members and senior executives to the Board of Directors. The final decision is made by the Board of Directors.

III. Board of Directors Compensation

The honoraria for the members of the Board of Directors of Türkiye Sigorta A.Ş. are determined by the General Assembly in accordance with the relevant provisions of the Turkish Commercial Code. Board members do not receive any additional payment other than the honorarium unless the General Assembly decides to pay compensation to committee members. They are not entitled to performance-based payments, advances, or any payments that would constitute loans. Any work-related expenses incurred by Board members in the course of their duties are covered by Türkiye Sigorta A.Ş.

IV. Senior Management Compensation

The compensation structure for Senior Executives consists of three main components: base salary, performance-based variable payment, and benefits.

In line with these components, the compensation structure for senior executives is designed to align with Türkiye Sigorta A.Ş.’s long-term goals and to ensure sustainable performance. Senior executive compensation is reviewed and determined based on macroeconomic indicators, Türkiye Sigorta A.Ş.'s short- and long-term objectives, the market salary levels for the relevant position, the competitive positioning in the market, individual performance results, the required experience level, and internal balance principles.

The base salary levels for senior executives are reviewed annually by the Compensation Committee and submitted to the Board of Directors. The compensation proposals are approved by the Board of Directors. Senior executives may be entitled to an annual performance-based variable payment with the approval of the Board. The amount of the performance-based variable payment is calculated as a percentage of the annual base salary and is determined by the Board of Directors, depending on the achievement of company and individual performance targets.

V. Disclosure

The compensation provided to Board members and Senior Executives, along with all other benefits granted, will be disclosed in the annual report.

This policy, along with any changes made to it, will be presented as a separate item on the agenda of the General Assembly meeting for the information of shareholders. Additionally, this policy will be published on the company's corporate website.