MESSAGE FROM CEO/DIRECTORMIR JAMAL PASHAYEV

Mir Jamal Pashayev

Established in November 2006 with headquarters in Baku, the PASHA Holding LLC has completed 10 years of its operations during which it has earned the reputation as one of the leading and committed to the best corporate governance practice national private business group in Azerbaijan. The Holding's key investments are concentrated in non-oil industries such as financial services -banking and insurance-, construction, tourism, property development and real estate. Within several years Holding rapidly evolved into a sizable diversified regional investment company through applied vision and values of the shareholders to develop the business within best corporate governance practice and deployment of business diversification and regional expansion strategy. We firmly believe in importance of credibility in the current challenging business environment and we are certain of the validity of our strategy, based on transparency, quality and profitability. We stay committed to being a representation of best corporate practice, trust, continuity and respect for all our stakeholders: our country, shareholders, clients and partners.