Investor Presentaiton

-8% -6% -2% 0% 10% 12% GEORGIA'S ECONOMIC OUTLOOK IN 2021 GEORGIA'S ECONOMIC GROWTH FORECAST 7.4% 8% 6.4% 6.2% 6% 4% 2.4% 2% -4% -3.7% 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 4.8% 4.8% 5.0% 4.4% 3.6% 3.0% 2.9% 2018 2019 2020 -6.2% 2021F 2022F Source: Geostat, Galt & Taggart 5.0% 10.5% Our brokerage and investment arm, Galt & Taggart has revised 2021 real GDP growth forecast up to 10.5% from the previous forecast of 9.5% The government and international financial institutions have also revised Georgia's 2021 economic growth forecast up, taking into account better than expected recovery dynamics Downside risks to growth are less probable now as no full-scale lockdown is anticipated and possible post-election political instability is unlikely to weigh on growth 7

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