Bank of Georgia Earnings and Strategy Update

REMITTANCES AND POTENTIAL IN GEORGIAN EMIGRANTS MARKET POTENTIAL c.1.3 mln NUMBER OF RECEIVED REMITTANCES AT BOG THROUGH DIGITAL CHANNELS THOUSANDS 300 60% Georgians living abroad in need of daily banking services 49% 46% 250 42% 44% 50% New functionality 200 added in mBank and iBank 38% 35% 32% 40% US$ 2.3 bln Transferred in 2021 150 30% 100 11% 20% 50 3% 10% +24.6% y-o-y 0% c.350 k Received remittances 4Q19 1Q20 2Q20 3Q20 4Q20 1Q21 2Q21 3Q21 4Q21 Offloading rate Customers with high potential for loans and deposits* We expect to gain 35%-40% of the potential market in the medium- term BOG MARKET SHARE IN TOTAL REMITTANCE INFLOWS** 36% COVID-19 pandemic impact 35% 35% 35% 32% 32% 32% 31% 27% * More than three transfers in the last 12 months 4Q19 1Q20 2Q20 3Q20 4Q20 1Q21 2Q21 3Q21 4Q21 ** Based on the National Bank of Georgia and Bank of Georgia data 15

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