Renewable Energy Business Overview

Jan -17% REAL GDP ON TRACK FOR DOUBLE-DIGIT GROWTH, UP 11.3% Y-O-Y IN 9M21 Real GDP Y-o-Y change Real GDP change vs 2019 2021 45% 26% 21% 19% 10% 10% 4% 9% 10% 5% -3% 1% 2% 4% 4% -1% -7% -3% -4% -6%-5% -5% -8% -8%-8% -12% -14% Jul Aug Georgia Capital PLC | Source:, Geostat's rapid estimates. Sep Oct ΛΟΝ Dec Jan Feb Mar Apr May Jun Jul REAL GDP UP 5.4% COMPARED TO 9M19 7% 6% KEY DRIVERS Expansionary fiscal policy boosting domestic demand and continuing to contribute significantly to GDP growth; Robust lending (up 15.8% Y-o-Y in September w/o the exchange rate effect) both in retail and business sectors; External recovery underway with solid FX inflows: record high remittances, merchandise exports exceeding 2019 levels and tourism revenues rebounding to half of 2019 levels since July 2021; Improving consumer and business sentiment supporting spending and investment decisions; Although the low base effect of 2020 remains in play, performance has been exceptional compared to 2019 as well. Aug Sep GEORGIA CAPITAL

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