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REBASE YEAR | RESULTS HIGHLIGHTS* Income Statement ** Profit adjusted for one-off costs Banking Business GEL thousands unless otherwise noted Net interest income Net fee and commission income Net foreign currency gain Net other income/ (expense) Operating income Operating expenses Profit from associates Operating income before cost of risk Cost of risk Net operating income before non-recurring items Net non-recurring items Profit before income tax expense and one-off costs Income tax expense One-off termination costs of former CEO and executive management (after tax), one-off demerger related expenses (after tax) and one-off impact of re-measurement of deferred tax balances 4Q19 4Q18 207,091 46,558 37,177 187,438 Change y-o-y 10.5% Change Change 3Q19 2019 2018 q-o-q y-o-y 200,992 3.0% 789,419 739,604 6.7% 41,344 53,358 12.6% -30.3% 48,009 -3.0% 180,014 153,182 17.5% 32,233 15.3% 119,363 129,437 -7.8% 18,439 309,265 (121,545) 153 187,873 (14,232) (9,073) 273,067 (100,857) 318 172,528 (40,778) NMF 3,728 NMF 21,474 7,815 NMF 13.3% 20.5% -51.9% 8.9% -65.1% 173,641 131,750 31.8% 284,962 (107,917) 194 177,239 (15,223) 162,016 8.5% 12.6% -21.1% 6.0% -6.5% 7.2% 1,110,270 (419,946) (378,517) 789 1,339 691,113 652,860 (107,584) (160,225) 583,529 1,030,038 7.8% 10.9% -41.1% 5.9% -32.9% 492,635 18.5% (1,591) (2,185) -27.2% (5,019) 172,050 129,565 32.8% 156,997 -68.3% 9.6% (10,723) (22,643) -52.6% 572,806 469,992 21.9% (15,515) (10,888) 42.5% (22,697) -31.6% (58,619) (34,948) 67.7% 156,535 118,677 31.9% 134,300 16.6% 514,187 435,044 18.2% (3,861) NMF (14,236) (56,402) -74.8% Profit 156,535 114,816 36.3% 134,300 16.6% 499,951 378,642 32.0% Balance Sheet Key Ratios GEL thousands unless otherwise noted Dec-19 Liquid assets Cash and cash equivalents Amounts due from credit institutions Investment securities Loans to customers and finance lease receivables 11,931,262 Property and equipment Total assets Client deposits and notes Amounts owed to credit institutions Borrowings from DFIs 379,788 18,569,497 10,076,735 3,934,123 1,486,044 Short-term loans from NBG 1,551,953 Loans and deposits from commercial banks Debt securities issued Total liabilities Change y-o-y 5,559,500 4,540,032 22.5% 2,153,624 1,215,799 77.1% 1,305,216 24.0% 1,619,072 1,786,804 2,019,017 -11.5% 9,397,747 27.0% 344,059 10.4% 14,798,303 25.5% 8,133,853 23.9% 2,994,879 31.4% 1,302,679 14.1% 1,118,957 38.7% 896,126 573,243 56.3% 2,120,064 1,730,414 22.5% 16,418,589 13,000,030 Dec-18 Sep-19 Change q-o-q Banking Business 4Q19 4Q18 3Q19 2019 2018 ROAA** 3.4% 3.3% 3.2% 3.1% 3.2% 5,099,111 1,369,194 1,834,195 1,895,722 11,339,745 9.0% 57.3% -11.7% -5.7% ROAE** 29.9% 27.0% 26.8% 26.1% 26.4% Net interest margin 5.4% 6.0% 5.4% 5.6% 6.5% Loan yield 11.4% 12.8% 11.5% 11.7% 13.5% Liquid assets yield 3.7% 3.8% 3.2% 3.5% 3.8% Cost of funds 4.7% 5.0% 4.5% 4.6% 5.0% 5.2% Cost of client deposits and notes 3.0% 3.4% 2.9% 3.0% 3.5% Cost of amounts owed to credit institutions 7.4% 7.9% 6.8% 7.1% 7.3% 364,405 17,540,692 4.2% Cost of debt securities issued 7.9% 7.8% 7.7% 7.7% 7.8% 5.9% Cost Income*** 39.3% 36.9% 37.9% 37.8% 36.7% Total equity 2,150,908 1,798,273 9,613,718 3,437,718 1,355,426 1,271,027 811,265 2,175,820 26.3% 15,500,833 19.6% 2,039,859 4.8% 14.4% 9.6% NPLs to gross loans to clients 2.1% NPL coverage ratio 80.9% 3.3% 2.9% 90.5% 85.3% 2.1% 80.9% 3.3% 90.5% 22.1% 10.5% NPL coverage ratio, adjusted for discounted value of collateral 139.6% 129.9% 129.3% 139.6% 129.9% Cost of credit risk ratio 0.2% 1.1% 0.5% 0.9% 1.6% -2.6% 5.9% 5.4% NBG (Basel III) CET1 capital adequacy ratio NBG (Basel III) Tier I capital adequacy ratio NBG (Basel III) Total capital adequacy ratio 11.5% 12.2% 11.1% 11.5% 12.2% 13.6% 12.2% 13.3% 13.6% 12.2% 18.1% 16.6% 16.8% 18.1% 16.6% BANK OF GEORGIA The detailed financials of the Group are presented on pages 66-71 The full year 2019 income statement adjusted profit excludes GEL 14.2mln one-off employee costs (net of income tax) related to former CEO and executive management termination benefits. The amount is comprised of GEL 12.4mln (gross of income tax) excluded from salaries and other employee benefits and GEL 4.Omln (gross of income tax) excluded from non-recurring items. The income statement adjusted profit in 4Q18 excludes GEL 3.9mln one-off employee costs (net-off income tax) related to the former CEO termination benefits, which is comprised of GEL 4.4mln (gross of income tax) excluded from non- recurring items. In addition to this, the full year 2018 income statement adjusted profit excludes GEL 52.5mln demerger related expenses (net of income tax) and one-off impact of re-measurement of deferred tax balances. ROAE and ROAA have been adjusted accordingly for all periods presented. Full IFRS income statement is presented on pages 66 and 67. *** The full year cost/income ratio adjusted for GEL 12.4mln one-off employee costs (gross of income tax) related to termination benefits of the former executive management 7

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