PASHA BANK ENG 20

Changes in Articles of Association, Share Capital, Shareholding and Organization Structure of PASHA Bank As of 31 December 2020, paid-in-capital of the Bank is TL 500 million and there were no changes in the Bank’s share capital, Articles of Association and direct ownership structure during this period. Share capital and ownership structure as of 2020 year-end is presented below: Shareholder’s Trade Name/Full Name Share Amount (TL) Ratio (%) PASHA Bank OJSC 254,795,000 50.96 PASHA Holding LLC 245,000,000 49.00 Other 205,000 0.04 Total 500,000,000 100.00 As of reporting date, PASHA Holding LLC holds 56.82%, Ador LLC 28.18%, Arif Pashayev 9.99% and Mir Jamal Pashayev 5.01% of the shares in PASHA Bank OJSC. Bless LLC and Reveri LLC are qualified shareholders of PASHA Holding LLC with equal rates of 37.50% followed by Arif Pashayev and Mir Jamal Pashayev with rates of 15% and 10% respectively. Paid-in-capital of the Bank is divided into 500,000,000 registered shares of TL 1.00 par value. Each share has one voting right. The Bank has no preferred shares. The Chairman and the Members of the Board of Directors, as well as the CEO and Deputy CEOs do not hold direct or indirect shares in the Bank. Organization Structure The following changes were made in line with the decision of the Board of Directors as of 31 January 2020: · The Compliance Unit reports directly to the Board of Directors within the organizational structure of internal systems. · The Risk Management Unit and the Internal Control Unit report to the Risk Management Committee at the Directorate level. 49.00 0.04 50.96 PASHA Holding LLC Others PASHA Bank OJSC Shareholding Structure (%) 14 Annual Report 2020 PASHA Bank General Information