PASHA BANK ENG 20

PASHA Yatırım Bankası A.Ş. Notes to Unconsolidated Financial Statements at 31 December 2020 (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) GENERAL INFORMATION (continued) II. Explanation about the Bank’s capital structure, shareholders of the Bank who are in charge of the management and/or auditing of the Bank directly or indirectly, changes in these matters (if any) and the group the Bank belongs to There were no changes in the Bank’s share capital, Articles of Association and ownership structure during the period and the shareholding structure of the Bank as of 31 December 2020, is stated below: Name Surname/Commercial Title Capital % PASHA Bank OJSC 254,795 50.96% PASHA Holding LLC 245,000 49.00% Other 205 0.04% Total 500,000 100.00% Paid-in-capital of the Bank is divided into 500,000,000 registered shares of TL 1.00 (full) par value. Each share has one voting right. The Bank has no preferred shares. As of 31 December 2020, PASHA Holding LLC, is the qualified shareholder of PASHA Bank OJSC with a rate of 56.82%, followed by Ador LLC and Mr. Arif Pashayev with rates of 28.18% and 15.00% respectively. Bless LLC and Reveri LLC are the qualified shareholders in PASHA Holding LLC with the equal rates of 37.50% followed by Mr. Arif Pashayev and Mr. Mir Jamal Pashayev with rates of 15.00% and 10.00% respectively. Annual Report 2020 PASHA Bank Year-End Financial Report 109