Investor Presentaiton

PACE OF ECONOMIC RECOVERY IS HIGHER THAN EXPECTED Gross domestic product According to preliminary estimates, real GDP fell by 4.5% y-o-y in 1Q21. Flash estimates show GDP increased by 29.8% in 2Q21, reaching 12.7% growth in 1H21. Nominal GDP structure, 1Q21 20,000 16,489 I Nominal GDP, USD mn 17,189 17,625 ―― Real GDP, YOY % Accommodation and food service activities Information and Other communication 4% 7% Industry 17% 17,597 17,422 16% 2% 16,249 15,112 14,948 15,142 15,888 Healthcare 5% 15,000 12% 7.4% 6.4% 10,000 8% Education 5% 4.4% 4.8% 4.8% 5.1% 3.6% 3.0% 2.9% 3,777 5,000 3,402 4% 0 0% Financial and insurance activities 6% Trade 15% 2.3% -5,000 -10,000 -4% -4.5% Transportation and storage 6% -6.2% -8% 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 1Q20 1Q21 Public administration and defence 8% Real estate 12% Construction 7% Agriculture 6% 5.1 4.2 4.2 3.9 3.9 3.8 3.7 3.5 3.4 3.4 I II I II II I 2.9 2.5 1.8 1.1 Source: Geostat Medium-term growth forecast set to increase further as recovery beats expectations Comparative real GDP growth rates, % (2021-2026 average) | IMF Source: Geostat Monthly Economic Activity Estimate, y-o-y growth Flash estimates show the economy growing by 29.8% y-o-y in 2Q21 (up 13% compared to 2Q19). 44.8 Source: IMF, WEO (April 2021) Georgia Romania Moldova Turkey Armenia Ukraine Latvia Czechia Poland Estonia Lithuania Russia Azerbaijan Belarus 4.6 6.0 5.1 4.7 5.0 6.1 5.8 5.2 5.7 6.4 3.8 5.1 2.2 Feb-19 Mar-19 Apr-19 May-19 Jun-19 Jul-19 Aug-19 Sep-19 Oct-19 Nov-19 Dec-19 Jan-20 Feb-20 Mar-20 Source: Geostat -2.7 -16.613.5 -7.7-5.5-5.3 -0.7-3.9-7.7 -7.9-11.5 -5.1 4.0 Apr-20 May-20 Jun-20 Jul-20 Aug-20 Sep-20 Oct-20 Nov-20 Dec-20 Jan-21 Feb-21 Mar-21 Apr-21 May-21 Jun-21 137 25.8 18.7 GEORGIA CAPITAL

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