PASHA_BANK ANNUAL REPORT 2021

General Information Financial Information and Risk Management Review Information on Management and Corporate Governance Principles Company Compliance Status Description Yes Partial No Exempted Not Applicable 4.4. BOARD MEETING PROCEDURES 4.4.1-Each board member attended the majority of the board meetings in person. X Due to the COVID-19 pandemic, which started in 2020 and continued throughout the year 2021, majority of the board meetings are held in the form of videoconference. 4.4.2-The board has formally approved a minimum time by which information and documents relevant to the agenda items should be supplied to all board members. X 4.4.3 - The opinions of board members that could not attend the meeting, but did submit their opinion in written format, were presented to other members. X 4.4.4-Each member of the board has one vote. X 4.4.5-The board has a charter/written internal rules defining the meeting procedures of the board. X 4.4.6-Board minutes document that all items on the agenda are discussed, and board resolutions include director’s dissenting opinions if any. X 4.4.7-There are limits to external commitments of board members. Shareholders are informed of board members’ external commitments at the General Shareholders’ Meeting. X PASHA Holding LLC, the controlling shareholder of the Company, has subsidiaries and, as the Members of the Board of Directors of the Bank taking part in the management of these companies is for the benefit of the Group, they have not been restricted in taking on these duties outside the Bank. On the other hand, independent members have also not been restricted in taking on other duties outside the Bank. The duties of the Members of the Board of Directors outside the Bank are submitted to the information of the shareholders in the General Assembly through the annual report and information document. Corporate Governance Compliance Report and Information Form