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Investor Presentaiton

EXPOSURE TO PARTNER COUNTRIES WELL DIVERSIFIED 70 EXPORTS, TOURISM, FDI AND REMITTANCES, % OF GDP Source: Geostat, NBG, GNTA, Galt & Taggart 50% 50% WELL DIVERSIFIED ECONOMIC LINKAGES, 2019 (EXPORTS, TOURISM, FDI AND REMITTANCES), SHARE IN TOTAL 42.0% 40% 30% 20% 10% 0% 40% 30% Source: Geostat, NBG, GNTA, Galt & Taggart Other countries 27.4% EU 25.0% 20% 9.4% 5.1% 10% 0% China 3.0% Ukraine 4.2% Russia 16.6% Armenia 7.0% Azerbaijan Turkey 7.7% 9.1% Turkey Russia Other countries SUMMARY In 2019: The EU (38% of total) remains the largest source of remittances, while Russia's share continue to decline (25% of total); The EU remains Georgia's largest FDI provider; Azerbaijan remains the top export market accounting for 13% of the total; Tourism sector demonstrated resilience to Russia's direct flight ban strong growth of tourist arrivals from EU and other countries fully compensated reduced Russian tourist in 2H19. ECONOMIC LINKAGES BREAKDOWN Source: Geostat, NBG, GNTA, Galt & Taggart % of GDP, 2019 Total Exports Tourism FDI Remittances Total 21.3% 18.4% 7.1% 9.8% 56.6% EU 4.7% 2.4% 3.4% 3.7% 14.2% Russia 2.8% 3.9% 0.3% 2.4% 9.4% Turkey 1.1% 2.1% 1.3% 0.5% 5.1% Ukraine 1.4% 0.7% 0.0% 0.2% 2.4% Azerbaijan 2.8% 1.2% 0.2% 0.1% 4.3% Armenia 2.3% 1.5% 0.1% 0.1% 4.0% China 1.3% 0.2% 0.2% 0.0% 1.7% Other countries 4.9% 6.5% 1.6% 2.6% 14.0%
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