With reference to the previous disclosure issued by GFH Financial Group on February 9, 2023 in relation to the results of the Board of Directors meeting and the approval of the annual audited financial statements for the fiscal year ending on December 31, 2022, we would like to note that the Board has taken a decision to reduce the remuneration of the members of the Board of Directors from USD 1.5 million to USD 1.2 million. In addition, the Sharia Supervisory Board has also provided their decision to direct the responsibility of paying Zakat to the shareholders, instead of the Bank.

Such decisions were announced and included in the invitation to the Annual General Meeting on February 26, 2023, and will be presented to the shareholders in the ensuing Annual General Meeting. This announcement is being made to indicate the subsequent revisions that impact disclosures made in the issued report of the Chairman of the Board of Directors, the report of the Sharia Supervisory Board and some related notes in the financial statements. In addition, some columns and additional notes have been added to tables disclosing information related to holdings of shares in the Corporate Governance Report, a revised version of which has been attached.