Investor Presentaiton

EXPOSURE TO PARTNER COUNTRIES WELL DIVERSIFIED Exports, tourism, FDI and remittances, % of GDP Well diversified economic linkages, 2019 (exports, tourism, FDI and remittances), share in total 50% 40% 30% 20% 10% 0% 2013 -Turkey Russia Source: Geostat, NBG, GNTA, Galt & Taggart Source: Geostat, NBG, GNTA, Galt & Taggart 50% 42.5% 40% Other countries 28.1% EU 23.8% 30% 20% China 9.4% 10% 3.0% 5.1% Ukraine Russia 17.0% 0% 2016 2017 2018 4.2% 2019 Armenia 7.2% Azerbaijan Turkey Other countries 8.6% 8.0% Summary Economic linkages breakdown Source: Geostat, NBG, GNTA, Galt & Taggart In 2019: % of GDP, 2019 Exports Tourism FDI Remittances Total The EU (38% of total) remains the largest source of remittances, while Russia's share continue to decline (25% of total) Total 21.5% 18.6% 7.1% 9.9% 57.0% EU 4.7% 2.4% 3.1% 3.8% 14.0% • The EU remains Georgia's largest FDI provider Azerbaijan remains the top export market accounting for 13% of the total Tourism sector demonstrated resilience to Russia's direct flight ban strong growth of tourist arrivals from EU and other countries fully compensated reduced Russian tourist in 2H19. - Russia 2.8% 3.9% 0.2% 2.4% 9.4% Turkey 1.2% 2.2% 1.2% 0.5% 5.1% Ukraine 1.4% 0.7% 0.0% 0.2% 2.3% Azerbaijan 2.8% 1.2% 0.3% 0.1% 4.5% Armenia 2.3% 1.5% 0.1% 0.1% 4.0% China 1.3% 0.2% 0.3% 0.0% 1.7% Other countries 4.9% 6.5% 1.9% 2.7% 16.0% BANK OF GEORGIA 61

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