PASHA_BANK ANNUAL REPORT 2021

(Amounts are expressed in thousands of Turkish Lira (“TL”) unless otherwise stated.) (Convenience Translation of Publicly Announced Financial Statements Originally Issued in Turkish, See Note I of Section Three) PASHA Yatırım Bank A.Ş. Notes to Unconsolidated Financial Statements At 31 December 2021 General Information Remarks on Financial Information and Risk Management Information on Management and Corporate Governance Practices EXPLANATIONS AND NOTES RELATED TO UNCONSOLIDATED FINANCIAL STATEMENTS (Continued) Immovable/ Land Vehicles Right of use assets Other Tangible Fixed Assets Total Prior Period Cost 97,768 1,628 238 7,623 107,257 Accumulated Depreciation(-) (14,921) (213) (97) (1,788) (17,019) Net Book Value 31 December 2019 82,847 1,415 141 5,835 90,238 Current Period Net Book Value : 31 December 2019 82,847 1,415 141 5,835 90,238 Additions - - 107 753 860 Transfers - - - - - Disposals(-), cost - - - (16) (16) Disposals(+), accumulated depreciation - - - 1 1 Depreciation (-) (575) (310) (87) (1,233) (2,205) Impairment - - - - - Net Book Value: 31 December 2020 82,272 1,105 161 5,340 88,878 Cost at Period End 97,768 1,628 345 8,360 108,101 Accumulated Depreciation at Period End (-) (15,496) (523) (184) (3,020) (19,223) Net Book Value: 31 December 2020 82,272 1,105 161 5,340 88,878 13. Information on intangible assets Current Period Prior Period Net Book Value at the beginning of the Period 6,849 6,077 Additions 3,625 2,660 Disposals(-), net - - Depreciation (-) (2,690) (1,888) Closing Net Book Value 7,784 6,849 14. Information on investment property: The Bank has purchased a real estate classified as investment property as of balance sheet date with the deed transfer process has completed as of 18 June 2018. Investment properties are measured initially at cost, including transaction costs. Subsequent to initial recognition, investment properties are stated at fair value in accordance with TAS 40 “Investment Property”. Current Period Prior Period Beginning balance, Net 144,862 145,599 Additions (+) - - Disposals (-), net - - Impairment (-) - - Depreciation (-) (952) (737) Transfers - - Current period end balance, Net (1) 143,910 144,862 (1) As of 31 December 2021, the fair value of investment property is TL 161 million (31 December 2020 - TL 153 million).