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) III. Explanation on the Board of Directors, members of the audit committee, president and executive vice presidents, changes in these matters (if any) and shares of the Bank they possess The members of the Board of Directors, whose terms of office had expired, have been re-elected as members of the Board of Directors for a term of three years, by the resolution of the Ordinary General Assembly Meeting of the Bank, held on the date of March 30, 2020. Ms. Meriç Uluşahin who was re-elected for another three-year term with the resolution of the General Assembly dated March 30, 2020 has resigned from her position as the Independent Board Member effective August 12, 2020. Title Name Education Share % Chairman of the Board of Directors (1) Jalal Gasimov Postgraduate - Deputy Chairman of the Board of Directors (1) Farid Mammadov Postgraduate - Board Member Shahin Mammadov PhD - Board Member Javid Guliyev Postgraduate - Board Member / Audit Committee Member Kamala Nuriyeva Postgraduate - Independent Board Member / Audit Committee Chairperson Ebru Oğan Knottnerus Graduate - Independent Board Member Nuri Tuncalı Graduate - Board Member and CEO Hikmet Cenk Eynehan Postgraduate - Deputy CEO (Acting CEO) Ayşe Hale Yıldırım Postgraduate - Deputy CEO Uğur Koç Graduate - Deputy CEO Benan Bilge Köksal Graduate - (1) Upon allocation of duties among the members of the Board of Directors, as per Article 13 of the Articles of Association of the Bank, and by the Board resolution dated March 30, 2020 and numbered 30, it has been decided to have Jalal Gasimov continue to serve as the Chairman of the Board of Directors, and Farid Mammadov as the Deputy Chairman of the Board of Directors. The Chairman and the Members of the Board of Directors, as well as the CEO and Deputy CEOs do not possess shares of the Bank directly or indirectly. 110 Annual Report 2020 PASHA Bank Year-End Financial Report