Investor Presentaiton

TRACK RECORD OF DELIVERING STRONG RESULTS Key medium to long-term targets remain unchanged Nominal Real 26.4% 25.2% 26.1% 27.0% 22.2% ROAE 20%+ III Loan book growth 24.5% 21.4% 15-20% 17.4% 22.0% 15.9% 19.0% 16.1% 2016 T 2017 2018* 2019** 2016 2017 2018 2019 ROBUST CAPITAL MANAGEMENT TRACK RECORD = Capital position: We aim to maintain +200bps buffer for CET1 and Tier 1 capital ratios over minimum regulatory requirement Maintain regular dividend payouts: Aiming 25-40% dividend payout ratio GEL 648mln+ cash dividend paid during 2013-2019, within the targeted payout range over past 7 years Adjusted for GEL 30.3mln demerger related costs, GEL 8.0mln demerger related corporate income tax gain, GEL 30.3mln one-off impact of re-measurement of deferred tax balances and GEL 3.9mln (net of income tax) termination costs of the former CEO ** Adjusted for GEL 14.2mln (net of income tax) termination costs of the former CEO and executive management *** Dividend yield is calculated based on the closing price of shares immediately prior to ex-dividend date REGULAR DIVIDENDS PAYOUT 30% 36% 33% 34% 32% 30% 30% RATIO: 4.0% 4.2% 3.1% 3.1% 3.2% 2.4% 2.7% GEL MILLIONS 122 124 98 102 72 80 51 2013 2014 2015 2016 2017 2018 2019 Total dividend paid during the year Dividend yield** 15

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