Bank of Georgia Financial Overview

GEL supported by sustained FX inflows, tight monetary policy and improved sentiments Currency movements vs. US$, 12/31/2022 - 7/31/2023 6.3% 3.7% 3.3% 2.6% 2.0% 0.0% -0.2% -0.5% -3.3% -24.6% -44.0% MDL KZT EUR GEL AMD BYN AZN UAH UZS RUB TRY GEL real effective exchange rate 140 140 REER (Jan 2014 = 100) REER 3-year moving average 130 130 120 120 110 100 Адат 90 80 110 100 90 80 Feb-14 Jun-14 Oct-14 Source: NBG Note: +/- means appreciation/depreciation of the corresponding currencies Feb-15 Jun-15 Oct-15 Feb-16 Jun-16 Oct-16 Feb-17 Jun-17 Oct-17 Feb-18 Jun-18 Oct-18 Feb-19 Jun-19 Oct-19 Feb-20 Jun-20 Oct-20 Feb-21 Jun-21 Oct-21 Feb-22 Jun-22 Oct-22 Feb-23 Jun-23 GEL remained strong in the first half of the year gaining an additional 2.6% against the US dollar during 7M23 on top of a 12.5% appreciation in 2022 The Georgian currency is supported by strong external earnings, tight monetary policy and improved sentiments GEL is expected to maintain its current position, backed by robust external inflows and positive growth outlook 8

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