PASHA_BANK_ANNUAL REPORT 2022

18 PASHA Bank 2022 Annual Report Changes in Articles of Association, Share Capital, Shareholding and Organization Structure of PASHA Bank As of 31 December 2022, 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 2022 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%, Bless 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. Changes in Organization Structure In accordance with the Board of Directors’ resolution dated 28 July 2022, the directorate position which included “Information Security” and “Change and Project Management” departments was eliminated and these departments was restructured so that they report directly to CEO. The name of the Change and Project Management department was changed as “Project Management” and the name of the Balance Sheet Management Unit reporting to Financial Affairs Directorate was revised as “Financial Planning and Control” PASHA Bank OJSC 50.96% PASHA Holding LLC 49.00% Other 0.04%