Bank of Georgia Financial Analysis

BANK OF GEORGIA GROUP OVERVIEW Banking Business BANK OF GEORGIA GROUP PLC Top shareholders As of 31 December 2018 Retail Banking Corporate Investment Banking Rank Shareholder name Ownership 1 JSC Georgia Capital* 19.90% 2 Harding Loevner LP 4.66% 3 JP Morgan Asset Management 3.01% Wealth Management BNB (Bank in Belarus) Norges Bank Investment Management 2.56% 5 Van Eck Global 2.51% Dimensional Fund Advisors (DFA) 2.51% 7 LGM Investments Ltd 2.51% Shareholder structure Schroder Investment Management Ltd 2.40% As of 31 December 2018 1% 3% Unvested and unawarded shares for management and employees Vested shares held by management and employees 9 Vanguard Group Inc 2.27% 10 Jupiter Asset Management 2.22% 29% 28% US UK/Ireland Scandinavia 8% ■Luxembourg 5% 26% Other** BANK OF GEORGIA The Group has been included in the FTSE 250 and FTSE All-share Index Funds since 18 June 2012 * JSC Georgia Capital will exercise its voting rights at the Group's general meetings in accordance with the votes cast by all other Group Shareholders, as long as JSC Georgia Capital's percentage holding in Bank of Georgia Group PLC is greater than 9.9%. ** Includes 19.9% shareholding of JSC Georgia Capital 4

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