PASHA BANK ENG 20

Corporate Governance Compliance Report and Information Form Company Compliance Status Description Yes Partial No Exempted Not Applicable 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 Bank, 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. 4.5. BOARD COMMITTEES 4.5.5-Board members serve in only one of the Board’s committees. X Assignment to the Board of Directors’ Committees are made in accordance with the relevant legislation, taking into account the knowledge and experience of the Board Members, and some of the Members of the Board of Directors are assigned to more than one committee. However, members who serve in more than one committee provide communication between committees that work on related matters and increase cooperation opportunities. 76 Annual Report 2020 PASHA Bank Information on Management and Corporate Governance Practices