PASHA_BANK ANNUAL REPORT 2021

77 Annual Report 2021 PASHA Bank Company Compliance Status Description Yes Partial No Exempted Not Applicable 1.3.10 - The agenda of the General Shareholders’ Meeting included a separate item detailing the amounts and beneficiaries of all donations and contributions. X 1.3.11 - The General Shareholders’ Meeting was held open to the public, including the stakeholders, without having the right to speak. X There is no media participation. 1.4. VOTING RIGHTS 1.4.1-There is no restriction preventing shareholders from exercising their shareholder rights. X 1.4.2-The company does not have shares that carry privileged voting rights. X 1.4.3-The company withholds from exercising its voting rights at the General Shareholders’ Meeting of any company with which it has cross-ownership, in case such cross- ownership provides management control. X The Bank has no subsidiaries and affiliates. 1.5. MINORITY RIGHTS 1.5.1- The company pays maximum diligence to the exercise of minority rights. X 1.5.2-The Articles of Association extend the use of minority rights to those who own less than one twentieth of the outstanding shares, and expand the scope of the minority rights. X Minority rights have not been determined to be less than one-twentieth of the capital in the Articles of Association of the Bank. 1.6. DIVIDEND RIGHT 1.6.1 -The dividend policy approved by the General Shareholders’ Meeting is posted on the company website. X 1.6.2-The dividend distribution policy comprises the minimum information to ensure that the shareholders can have an opinion on the procedure and principles of dividend distributions in the future. X 1.6.3 - The reasons for retaining earnings, and their allocations, are stated in the relevant agenda item. X 1.6.4 - The board reviewed whether the dividend policy balances the benefits of the shareholders and those of the company. X