PASHA_BANK_ANNUAL REPORT 2023

SECTION SIX OTHER EXPLANATIONS AND NOTES I. OTHER EXPLANATIONS RELATED TO OPERATIONS OF THE BANK a. Explanations on ratings of the Bank JCR Eurasia Rating September 2023 National Long Term (tur) A+ Outlook:Stable International Long Term Foreign Currency BB Outlook:Negative b. Explanations on ratings of the Bank’s compliance score of Corporate Governance Principles SAHA Kurumsal Yönetim ve Kredi Derecelendirme Hizmetleri A.Ş., assigned PASHA Bank an overall compliance score of (9.39) with CMB Corporate Governance Principles on 28 August 2023. II. EXPLANATIONS AND NOTES RELATED TO SUBSEQUENT EVENTS None. SECTION SEVEN EXPLANATIONS ON INDEPENDENT AUDITOR’S INTERIM REPORT I. EXPLANATIONS ON INDEPENDENT AUDITOR’S INTERIM REPORT The unconsolidated financial statements for the period ended 31 December 2023 have been audited by KPMG Bağımsız Denetim ve Serbest Muhasebeci Mali Müşavirlik AŞ. The independent auditor’s report dated 19 February 2024 is presented preceding the unconsolidated financial statements. II. EXPLANATIONS AND NOTES PREPARED BY INDEPENDENT AUDITOR None. 244 PASHA Bank 2023 Annual Report Notes to Unconsolidated Financial Statements at 31 December 2023 PASHA Yatırım Bankası A.Ş. (Amounts are expressed in thousands of Turkish Lira (“TL”) unless otherwise stated.) Convenience Translation of Publicly Announced Unconsolidated Financial Statements Originally Issued in Turkish, See Note I of Section Three