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Investor Presentaiton

Ukraine 2.1% 1.6% 0.5% Azerbaijan -5 -10 -15 DIVERSIFIED AND RESILIENT ECONOMY GROSS DOMESTIC PRODUCT 250505 15 6.4% 4.4% 4.8% 4.8% 5.0% 10 3.6% 3.0% 2.9% Nominal GDP, US$ bn 2016 COMPARATIVE REAL GDP GROWTH RATES, % (2010-2019 AVERAGE) Source: IMF, Geostat 5.9% 4.9% 4.5% 4.5% 3.6% 3.6% 3.7% 3.1% Russia 2.4% 2.4% 2.6% Bulgaria Czech Rep. Latvia Romania Lithuania Poland Estonia Moldova Armenia Source: Geostat 10.6% 12% Accomm. & food service 3.3% Other 12.4% 9% Arts & entertainment 6% 3% 4.1% Education 0% 4.2% Healthcare -3% 4.8% -6% Financial inter. -6.8% -9% 5.3% Real GDP growth, % Transport & storage 6.1% Public admin. 6.6% Agriculture 7.5% Georgia Turkey GDP PER CAPITA DIVERSIFIED NOMINAL GDP STRUCTURE | 9M21 Trade 16.2% Source: Geostat Manufacturing 11.4% Real estate 10.2% Construction 7.7% Source: IMF, Geostat 17,391 9,799 10,610 11,583 12,100 12,855 13,596 14,582 15,608 14,849 7,542 8,322 3,233 4,023 4,422 4,624 4,739 4,013 4,062 4,359 4,722 4,696 4,256 5,017 Nominal GDP per capita, US$ ■GDP per capita, PPP 43
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