Composition of Strategy and Budget Committee
1. “PASHA Bank” OJSC, Member of The Executive Board, Chief Risk Officer, Hayala Nagiyeva - Chairman of the Committee;
2. “PASHA Holding” LLC, Deputy Director and Business Group Director - Farid Mammadov - An Independent Member of the Committee;
3. “PASHA Bank” OJSC, Member of The Executive Board, Chief Financial Officer, Bahruz Naghiyev - Member of the Committee;
4. “PASHA Bank” OJSC, Director of Strategy Department - Agshin Mirzazade - Member of Committee;
5. “PASHA Holding” LLC's Director of Strategy Management Department – Teymur Huseynov - An Independent Member of the Committee;
6. “PASHA Holding” LLC's Group Finance and IT Department Director - Murad Suleymanov - An Independent Member of the Committee;
7. “PASHA Bank” OJSC, Counsel of Chairman of the Executive Board, Turkhan Mahmudov - An Independent Member of the Committee.

Functions of the committee:
3.1. Create forms - sample reports and other documents related to the activities of the
Committee;

3.2. In connection with the Bank's Business Plan:
• Provide feedback and suggestions to the Supervisory Board concerning the business plan composed by the Executive Board;
• Provide feedback and suggestions to the Supervisory Board in connection with the execution of the Business Plan as a result of the submission of monitoring reports;
• Provide feedback and suggestions to the Supervisory Board in connection with the proposed amendments to the Business Plan of the Bank by the Executive Board;

3.3. In connection with the Bank's budget:
• Send comments and suggestions to the Supervisory Board according to the presented budget projects;
• Review monitoring reports in connection with the execution of the budget, as presented by the Executive Board, direct to the Supervisory Board and to compile a report on a quarterly basis for the analysis of the main reasons for deviations;
• Send suggestions to the Supervisory Board in order to increase efficiency and achieve budget targets.