PASHA_BANK ANNUAL REPORT 2021

(Amounts are expressed in thousands of Turkish Lira (“TL”) unless otherwise stated.) PASHA Yatırım Bank A.Ş. The accompanying notes are an integral part of these financial statements General Information Remarks on Financial Information and Risk Management Information on Management and Corporate Governance Practices (Convenience Translation of Publicly Announced Financial Statements Originally Issued in Turkish, See Note I of Section Three) Notes to Unconsolidated Statement of Changes in Shareholders’ Equity For the Year Ended 31 December 2021 V. STATEMENT OF CHANGES IN SHAREHOLDERS’ EQUITY Other Accumulated Comprehensive Income That Will Not Be Reclassified In Profit and Loss Note Paid-in Capital Share Premium Share Cancellation Profits Other Capital Reserves 1 2 3 Prior Period 01/01/2020 - 31/12/2020 I. Balance at the beginning of the period 500,000 - - - - - - II. Adjustment in accordance with TMS 8 - - - - - - - 2.1 Effect of adjustment - - - - - - - 2.2 Effect of changes in accounting policies - - - - - - - III. New balance (I+II) 500,000 - - - - - - IV. Total comprehensive income (loss) - - - - - - - V. Capital increase in cash - - - - - - - VI. Capital increase through internal reserves - - - - - - - VII. Issued capital inflation adjustment difference - - - - - - - VIII. Convertible bonds - - - - - - - IX. Subordinated debt - - - - - - - X. Increase (decrease) through other changes, equity - - - - - - - XI. Profit distribution - - - - - - - 11.1 Dividends distributed - - - - - - - 11.2 Transfers to legal reserves - - - - - - - 11.3 Other - - - - - - - Period-End Balance (III+IV+…...+X+XI) 500,000 - - - - - - Current Period 01/01/2021 - 31/12/2021 I. Balance at the beginning of the period 500,000 - - - - - - II. Adjustment in accordance with TMS 8 - - - - - - - 2.1 Effect of adjustment - - - - - - - 2.2 Effect of changes in accounting policies - - - - - - - III. New balance (I+II) 500,000 - - - - - - IV. Total comprehensive income (loss) - - - - - - - V. Capital increase in cash - - - - - - - VI. Capital increase through internal reserves - - - - - - - VII. Issued capital inflation adjustment difference - - - - - - - VIII. Convertible bonds - - - - - - - IX. Subordinated debt - - - - - - - X. Increase (decrease) through other changes, equity - - - - - - - XI. Profit distribution - - - - - - - 11.1 Dividends distributed - - - - - - - 11.2 Transfers to legal reserves - - - - - - - 11.3 Other - - - - - - - Period-End Balance (III+IV+…...+X+XI) 500,000 - - - - - - 1) Accumulated revaluation increase/decrease of fixed assets 2) Accumulated remeasurement gain/loss of defined benefit pension plan 3) Other (Shares of investments valued by equity method in other comprehensive income not classified through profit or loss and other accumulated amounts of other comprehensive income items not reclassified through other profit or loss) 4) Foreign currency translation reserve 5) Accumulated revaluation and/or remeasurement gain/loss of the financial assets at fair value through other comprehensive income 6) Other (Cash flow hedge gain/loss, shares of investments valued by equity method in other comprehensive income classified through profit or loss and other accumulated amounts of other comprehensive income items reclassified through other profit or loss)