PASHA BANK ANNUAL REPOT 2024

CORPORATE GOVERNANCE COMPLIANCE REPORT Company Compliance Status Yes Partial No Exempted Not Applicable Description 4.3. STRUCTURE OF THE BOARD OF DIRECTORS 4.3.9-The board of directors has approved the policy on its own composition, setting a minimal target of 25% for female directors. The board annually evaluates its composition and nominates directors so as to be compliant with the policy. X There has been no target rate and target time determined for the female member rate in the Board of Directors. As at 2024 year- end, one female director sits on the Board of Directors and a rate of 12.5% was attained. 4.3.10-At least one member of the audit committee has 5 years of experience in audit/accounting and finance. X 4.4. BOARD MEETING PROCEDURES 4.4.1-Each board member attended the majority of the board meetings in person. X 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. 92 PASHA Bank 2024 Annual Report