PASHA_BANK ANNUAL REPORT 2021

97 Annual Report 2021 PASHA Bank I hereby declare that I currently serve as an “independent member” on the Board of Directors of PASHA Yatırım Bankası A.Ş. pursuant to the provisions of the Communiqué Serial: II‑17.1 on Corporate Governance Principles issued by the Capital Markets Board and in this context, I hereby declare the following: 1. Neither I, nor my spouse, nor any relative of mine whether by blood or by marriage unto the second degree, have, within the most recent five years, entered into any employment relationship in an executive capacity involving major duties and responsibilities, or individually or jointly held more than 5% of the capital or voting rights or privileged shares, or established any commercial interest of a significant nature, with any corporate entity with which the Bank, any company in which the Bank has management control or significant influence, or any shareholder having management control or significant influence over the Bank or any corporate entity; 2. I was neither a shareholder (5% and higher), nor have I worked in an executive capacity involving major duties and responsibilities for or served as a member on the boards of directors of any company from/to which, under a contract, the Bank purchased/sold services or products of material quantity during the period of time such services or products were being purchased or sold, and particularly of the firms performing the audit (including tax audit, legal audit and internal audit), rating and consultancy of the Bank, in the past five years; 3. I possess the professional education, knowledge and experience for due performance of the duties I will assume in connection with being an independent board member; 4. After having been elected as a member I am not a full‑time employee of public institutions and organizations, except as a member of academia should applicable legislation permit; 5. I am considered to be a resident of Turkey as for the purposes of the Income Tax Law no. 193, dated 31 December 1960; 6. I possess strong ethical standards, professional credibility and experience that are necessary for making positive contributions to the Bank’s operations, maintaining my independence in possible conflicts of interest between the Bank and its shareholders, and making decisions freely taking into consideration the rights of stakeholders; 7. I am capable of dedicating sufficient amount of time to be able to follow up the execution of the Bank’s affairs and to fully meet the requirements of the duties I undertake; 8. I have not held the position of member of the Board of Directors of the Company for more than six years in the past ten years; 9. I am not serving as an independent board member in any company which is controlled by the Bank or by shareholders having management control over the Bank; 10. I will be serving on the Bank’s Board of Directors as a real person and in this context; I have not been registered and promulgated in the name of any corporate entity elected as a board member Nuri TUNCALI Independent Member of the Board of Directors Statement of Independence