Investor Presentaiton

Investing in strategic areas and focusing on efficiency OPERATING EXPENSES +32.1% +16.3% +30.6% 26 All currency data are in GEL m unless otherwise stated COST TO INCOME RATIO 299 2 161 151 51 52 1 138 229 122 2-23 128 2 28 1 1 25 25 45 224 39.8% 71 23 37 36.4% 36.8% 44 34 54 54 30 32 174 95 81 69 72 78 129 2Q21 35.9% 35.0% 33.6% 32.5% 3Q21 4Q21 1Q22 Other operating expenses 2Q22 1H21 Depreciation, amortisation and impairment 1H22 2Q21 3Q21 4Q21 1Q22 2Q22 1H21 1H22 Administrative expenses Salaries and other employee benefits Growth in operating expenses driven by strong business growth and continuing investments in IT and other strategic areas, in the inflationary environment Positive operating leverage in 2Q22 and 1H22 c.35% Medium-term guidance

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