All kinds of dealings and transactions related to insurance policies issued on a participation basis are carried out under the supervision of the by Neova Participation Insurance A.Ş. Advisory Committee, within the framework of Participation principles.

Participation insurance refers to the insurance activities carried out within the scope of the procedures and principles determined by the advisory committee on the basis of the relevant provisions in order to ensure that the activities are carried out within the scope of the relevant legislation in accordance with the participation principles. Neova Participation Insurance operates with the approval, supervision and control of the Neova Participation Insurance Advisory Committee in accordance with the principles set forth in the participation insurance legislation.

Neova Participation Insurance has adopted these principles in all insurance branches in which it operates and ensures maximum compliance with the principle of interest-free policy issuance, claim payments, investment activities and other areas.

In accordance with the general principles of Participation insurance, at Neova Participation Insurance:

• Islamic corporate governance mechanisms have been established (advisory committee, Participation compliance unit, Participation internal audit mechanism).

• Religiously illegitimate issues and risks are not insured.

• Any payments transferred to the Company, the selection and evaluation of the assets to be invested, cash management and participation in other financial activities are handled in accordance with the participation principles.