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) The “Net increase/decrease in other liabilities” item under “Changes in operating assets and liabilities” amounting to TL 187,000 (31 December 2020 - TL 94,846) consists of mainly changes in miscellaneous payables, borrower funds, other liabilities and taxes and other duties payable. The effect of change in foreign exchange rate on cash and cash equivalents is approximately increase of TL 115,356 (31 December 2020 - TL 36,806 increase). VII. EXPLANATIONS AND NOTES RELATED TO THE BANK’S RISK GROUP 1. The volume of transactions relating to the Bank’s risk group, outstanding loan and deposit transactions and profit and loss of the period: a. Information on loans of the Bank’s risk group: Current Period Investments in Associates, subsidiaries, and joint ventures Direct and indirect shareholders of the Bank Other real and legal persons that have been included in the risk group Cash Non-Cash Cash Non-Cash Cash Non-Cash Loans Beginning of the Period - - - 44,749 277,974 83 End of the Period - - 25,071 187,981 464,149 268 Interest and Commission Income Received - - - 695 19,908 8 Prior Period Investments in Associates, subsidiaries, and joint ventures Direct and indirect shareholders of the Bank Other real and legal persons that have been included in the risk group Cash Non-Cash Cash Non-Cash Cash Non-Cash Loans Beginning of the Period - - - 26,610 202,650 33,718 End of the Period - - - 44,749 277,974 83 Interest and Commission Income Received - - - 366 11,730 328 b. Information on deposits of the Bank’s risk group: The Bank doesn’t have any deposits since it is an investment bank.