Investor Presentaiton

RECENT TREND - TOURIST ARRIVALS UP DESPITE RUSSIA'S FLIGHT BAN International visitors by country International visitors by type Tourist arrivals by month +7.3% 7.7mn 8 7.2mn Source: GNTA +7.3% 7.7mn 8 7.2mn 7 7 1.72mn Other 2.64mn 1.62mn a 2.44mn +8.1% Same-day 6 0.48mn EU 0.39mn 5 5 1.15mn 1.09mn Turkey 4 4 1.36mn Armenia 1.26mn 3 3 +6.8% 5.08mn 4.75mn Tourists 2 1.40mn 1.47mn Russia 2 1 1 1.42mn 1.52mn Azerbaijan O О 2018 2019 2018 2019 Source: GNTA 800 2.3% 400 2018 2019 350 700 300 1.0% 250 600 Annual growth 0.6% 200 18.0% 500 7.8% 18.0% 150 100 400 4.2% 4.3% 10.3% 5.9% 15.5% 50 5.1% 300 200 100 11 -100 о -50 BANK OF GEORGIA Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Tourism revenues at US$ 3.3bn in 2019 Tourism revenues, US$ mn -% change y/y May-19 Jun-19 Jul-19 Aug-19 Sep-19 Oct-19 Nov-19 Dec-19 Source: NBG 70% 60% 50% 40% 30% 20% 10% 0% -10% 59 59 -20% Source: GNTA

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