Investor Presentaiton

-600% 1800% 1200% 600% 0% FAST INDICATORS SHOW RECOVERY SUSTAINING PACE 120% 60% 0% -60% ན ན་ཟིན Jan Feb Mar Apr May 2020 Jan Aug Feb Mar Apr May 120% 40% Remittances, y/y Remittances, vs 2019 Exports, y/y Exports, vs 2019 Imports, y/y Imports, vs 2019 80% 180% 180% 80% 80% Inc unr 2020 Aug Sep Oct Nov Dec Jan Feb Tourism Revenues, y/y Tourism Revenues, % of 2019 (RHS) 6px Sep Oct Nov Dec Jan Feb Mar Apr May 2021 unr Mar Apr May In unr 2021 Aug Sep 40% 60% 9% 0% -60% 120% 120% 100% 80% 80% 933% 40% 60% 51% 40% 0% 20% -40% 0% Aug Sep -40% Jan Feb Mar Apr May Ivay Jun unc 2020 0% Jan Feb Mar Apr idy Jul May 2020 unc זייד бон das Sen Ме 22% 40% 40% 0% 13% 0% -40% Oct 120 ΛΟΝ Company turnover, y/y Company turnover, vs 2019 Aug Sep Oct ΛΟΝ Dec Jan Feb Mar Apr May May 2021 Doc Dec Jan Feb Mar Apr Inf unr Aug Sep 2021 May unr Aug Sep -40% -80% 120% 60% 80% 40% 28% 40% 20% 24% 90 0% 0% -40% -20% Jan Feb Mar Apr May Jun 2020 Aug Sep Oct Nov Dec Jan Feb Mar Apr idy Fiscal expenditures (current + capital), y/y Fiscal expenditures, vs 2019 что Jan Feb Mar Apr May 2020 In unr Aug das Oct ΛΟΝ Dec Jan Feb Mar Apr May 2021 In unr 2021 լոր Jun unr Aug 60% 29% 40% 20% -3% 0% -20% Aug Sep 5 Sep GEORGIA CAPITAL 80% 24% 40% 15% 0% -40% -80%

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