Georgia Capital Shareholder and Market Opportunity Overview

Foreign Demand, 1Q21 Source:, Geostat 2016Q1 2016Q2 Import countries, 1Q21 Sources: GeoStat 2016Q3 2016Q4 2017Q1 2017Q2 2017Q3 2017Q4 2018Q1 Armenia 6% USA 7% Other 15% Ukraine 4% 2018Q2 2018Q3 2018Q4 2019Q1 EU countries 23% Investment goods Intermediate goods Consumer goods Imports y/y 30% 20% 10% 0% -10% -20% -30% -40% DIVERSIFIED FOREIGN TRADE Imports of Goods, contribution to growth Source: NBG Import of investment goods increased in 1Q21, while intermediate and consumer goods continued to shrink 2019Q2 2019Q3 2019Q4 2020Q1 2020Q2 2020Q3 2020Q4 2021Q1 Azerbaijan 7% China 9% Russia 11% Turkey 18% 11% 1% 2%0% 5% 9% 16% 15% Export countries, 1Q21 Sources: GeoStat 25% 16% Other 16% USA 4% EU countries 19% Armenia 5% Ukraine 8% Turkey 9% Russia 13% Azerbaijan 13% GEORGIA CAPITAL ■Crude materials, except fuels ■Machinery and transport equipment ■Beverages and tobacco ■Manufactured goods Food and live animals ■Chemicals and related products ■Miscellaneous manufactured articles ■Commodities not classified elsewhere I Animal and vegetable oils, fats and waxes ■Mineral fuels, lubricants China 13% China was the single largest destination country for Georgian exports in 2020 with a 14.3% share, and continues to be a leading export market in 2021 77

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