FY20 Results and Strategy Overview

SOVEREIGN RATINGS WITH FAVOURABLE MACRO FUNDAMENTALS GEORGIA CAPITAL Key Ratings Highlights Rating Agency Rating Outlook Affirmed MOODY'S Ba2 Stable August 2020 S&P Global BB Stable August 2020 Fitch Ratings BB Negative August 2020 Georgia is favorably placed among peers Aw Fitch Rating Outlook JAMANIA LABYA Stable Area: 69,700 sq. km Country Country Rating Armenia B+ Azerbaijan BB+ Negative Belarus B Negative Czech Republic AA- Stable Georgia BB Negative Kazakhstan BBB Stable Turkey BB- Negative Ukraine B Stable General Facts TURKEY Georgia KAZAKHSTAN Festiva Population (2019): 3.7 million Capital: Tbilisi; Economy Life expectancy: 73.5 years Official language: Georgian Literacy: 100% Currency (code): Lari (GEL) Nominal GDP (Geostat) 2019: GEL 50 billion (US$17.7 billion) Real GDP growth rate 2020 (snap estimate): -6.1% Real GDP 2010-2019 annual average growth rate: 4.8% GDP per capita 2019 (PPP, international dollar) IMF: 12,227 Annual inflation 2020: 5.2% External public debt to GDP 2020 (expected): 47.7% RUSSIA 68

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