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Investor Presentaiton

TRACK RECORD OF DELIVERING STRONG RESULTS 24 24 Medium-term loan book growth target revised from c.15% to c.10% Nominal Constant currency basis 25.2% 26.4% 26.1% 25.7% 27.0% 21.4% ROAE 20%+ III 2017 2018* 2019** 2020 9M21 13.0% Loan book growth YoY 17.4% 18.9% 17.7% c.10% 22.0% 19.0% 15.9% 10.2% 14.3% 2017 2018 2019 2020 9M21 ROBUST CAPITAL MANAGEMENT TRACK RECORD • Maintain regular progressive semi-annual dividend payouts: aiming 30-50% dividend/share buyback payout ratio Given higher levels of lending growth in the near term, the Board currently expects the payout ratio to be approximately 35-40% over the next two years GEL 648mln+ cash dividend paid during 2013-2019 An interim dividend of GEL 1.48 per ordinary share was paid on 5 November 2021 Adjusted for GEL 30.3mln demerger related costs, GEL 8.0mln demerger related corporate income tax gain, GEL 30.3mln one-off impact of re-measurement of deferred tax balances and GEL 3.9min (net of income tax) termination costs of the former CEO Adjusted for GEL 14.2mln (net of income tax) termination costs of the former CEO and executive management Dividend yield is calculated based on the closing price of shares immediately prior to ex-dividend date REGULAR DIVIDENDS GEL MILLIONS PAYOUT 30% 36% 33% RATIO: 34% 32% 30% 30% 4.0% 4.2% 3.1% 3.1% 3.2% 2.4% 2.7% Interim dividend 122 124 98 102 72 80 70 51 2013 2014 2015 2016 2017 2018 Total dividend paid during the year 2019 2020 2021 Dividend yield***
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