FY20 Results and Strategy Overview

45 2012 RECORD HIGH REMITTANCES MITIGATING DECREASED TOURISM REVENUES Foreign investor interest remains resilient Sources: GeoStat 2013 FDI, US$ mn Remittances at record levels Source: NBG 2014 2015 2016 FDI, % of GDP 2017 2018 2019 2,000 25% 1,800 3600 8.7 1,600 20% 7.9 3100 6.7 1,400 6.3 2600 5.7 5.9 1,200 1,000 10.3% 11.1% 11.7% 15% 10.3% 4.7 2100 800 6.9% 7.5% 7.2% 7.1% 7.4% 10% 1600 3.1 6.2% 5.9% 6.2% 600 1100 400 5% 600 200 0 0% 100 ☐ 9M19 9M20 Remittance inflows have reached record high levels after bouncing back in June, with average annual growth in 2H20 equaling 20.2% million $ 225 205 185 165 137 132 145 126 126 125 105 85 450 400 200 350 193 184 182 300 189 169 170 250 m 200 150 100 50 0 65 79 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 2017 2018 2019 2020 Jan-17 Mar-17 May-17 2011 2012 Visitors and tourism revenues Sources: GNTA, NBG Tourism revenues fell by 83% in 2020, as borders remain closed, including a 96% fall in Apr-Dec 2013 Tourism Revenues, $ mn Merchandise exports Source: Georstat Goods exports fell by 12% y-o-y in 2020 Jul-17 Sep-17 Nov-17 Jan-18 Mar-18 May-18 Jul-18 Sep-18 Exports, US$ mn, LHS Nov-18 Jan-19 2014 Mar-19 May-19 Jul-19 % change y/y, exports, RHS Sep-19 Nov-19 Jan-20 Mar-20 쫑 May-20 Jul-20 Sep-20 2015 Nov-20 75 2016 2017 International Traveler Trips, mn 2018 40% W 20% 0% -40% -20% 2019 60% 2020 1.7 9.4 Millions 10 1 F98765432-0 GEORGIA CAPITAL

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