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Investor Presentaiton

0 Jan-05 500 1,000 Jul-05 Jan-06 90-Inf Jan-07 1,500 20-յոր Jan-08 2,000 80-100 Georgia Capital PLC | Source: NBG. Jan-09 2,500 60-In 3,000 EXCHANGE RATE PERFORMANCE OFFICIAL RESERVE ASSETS REACHED HISTORIC HIGH OF US$ 4.1 BILLION BY THE END OF JANUARY 2021 Net Foreign Assets, US$ mln 4,000 Official Reserve Assets, US$ mln 3,500 Official reserve assets increased by 11.5% y-o-y to US$ 3.9b in Dec-20 and by 17.8% y-o-y to US$ 4.1b in Jan-21 Jan-10 Jul-10 Jan-11 Jul-11 Jan-12 Jul-12 Jan-13 Jul-13 Jan-14 Jul-14 Jan-15 Jul-15 Jan-16 Jul-16 Jan-17 Jul-17 Jan-18 Jul-18 Jan-19 Jul-19 Jan-20 Jul-20 Jan-21 4,000 130 3,500 125 3,000 120 2,500 115 110 2,000 105 1,500 100 1,000 95 500 90 85 0 Jan-03 M GEORGIA CAPITAL THE REAL EFFECTIVE EXCHANGE RATE HAS DEVIATED FROM THE LONG-TERM TREND FOR ALREADY TWO YEARS REER (Jan 2003=100) Linear (REER (Jan 2003 = 100)) Jun-03 Nov-03 Apr-04 Sep-04 Feb-05 Jul-05 Dec-05 May-06 Oct-06 Mar-07 Aug-07 Jan-08 Jun-08 Nov-08 Apr-09 Sep-09 Feb-10 Jul-10 Dec-10 May-11 Oct-11 Mar-12 Aug-12 Jan-13 Jun-13 Nov-13 Apr-14 Sep-14 Feb-15 Jul-15 Dec-15 May-16 Oct-16 Mar-17 Aug-17 Jan-18 Jun-18 Nov-18 Apr-19 Sep-19 Feb-20 Jul-20 Dec-20 7
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