Investor Presentaiton

REAL GDP INCREASED BY 29.8% Y-O-Y IN 2Q21 REAL GDP UP 29.8% Y-O-Y IN 2Q21 (UP 13% COMPARED TO 2Q19) AND UP 12.7% Y-O-Y IN 1H21 (UP 5.7% COMPARED TO 1H19) KEY DRIVERS ➤ Expansionary fiscal policy boosting domestic demand and contributing significantly to GDP growth; Robust lending (up 12.6% y-o-y in June 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 increasing elevenfold y-o-y; Improving consumer and business sentiments, supporting spending and investment decisions; Although the low base effect of 2020 remains in play, performance has been exceptional compared to 2019 as well. 5% Georgia Capital PLC | Source:, Geostat's rapid estimates. Real GDP y-o-y change -Real GDP change vs 2019 2021 45% 2% -3% -17% -14% Jan Feb Mar Apr May Jun 26% 21% GEORGIA CAPITAL 19% 19% 10% 4% 1% -3% -1% -7% -4% -6% -5% -5% -8% -8% -8% -12% լոր Feb Mar Apr May Jun

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