Implementation of the statutory two-tier board structure

May 28^th 2026

At the Extraordinary General Meeting of Shareholders held on 28 May 2026, the shareholders approved an amendment to the Articles of Association aimed at further implementing the statutory two-tier board structure regime. This regime is prescribed by law and is mandatory for larger companies that meet the statutory criteria. NWB Bank now meets these criteria.

NWB Bank already broadly complied with the two-tier board structure through its existing Supervisory Board, but this amendment brings the Articles of Association into full compliance. This includes the formal appointment of members of the Managing board by the Supervisory Board. As the Articles of Association needed to be amended for this purpose, the opportunity was taken to resolve an ambiguity in the organisation's objects clause and to enable digital meetings of shareholders, insofar as provided for by law.