Georgia Capital Shareholder and Market Opportunity Overview

0 US$ million TOURISM SECTOR Tourism revenues to GDP Sources: NBG, Geostat Spending per arrival, 2018 Source: WDI 18.3% 18.8% 4000 20% 16.6% 18% 3500 1200 1075 13.9% 16% 3000 12.9% 1000 876 14% 811 803 781 2500 763 749 9.9% 10.1% 740 12% 725 721 717 800 8.6% 589 2000 10% 600 6.2% 8% 1500 5.4% 3.4% 6% 400 1000 4% 200 500 0 2% 0 0% Arrivals to country's population, 2018 Source: WDI I Tourism Revenues, $ mn Tourism Revenues, % of GDP 5 4.1 4 3.3 3.3 2.8 3 2.4 2.1 1.9 1.8 2 1 Croatia Montenegro Cyprus Greece Estonia Slovenia Albania Hungary Bulgaria Georgia 1.3 13 1.3 10 1.0 Latvia Lithuania 1.0 1.0 10 0.6 0.6 0.5 0.3 Czech Republic Armenia Turkey Poland Ukraine Azerbaijan 0.3 63 GEORGIA CAPITAL Azerbaijan Cyprus Turkey Poland Czech Republic 800 700 600 500 400 300 200 100 29 36 51 2018 2019 ⚫2020 2021 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Number of Tourists (overnight visitors) Source: GNTA The number of tourists fell by 85% in 1Q21, although the fall was 64% in March Slovenia Armenia Georgia Croatia Estonia 547 547 543 Greece Montenegro Bulgaria 502 432 Hungary Latvia 161 Lithuania Albania Ukraine 75 75

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