Investor Presentaiton

GROWTH ORIENTED REFORMS Ease of Doing Business | 2020 New Zealand 1 Singapore 2 Denmark 4 USA Georgia UK 8 Norway 9 Lithuania 11 Estonia Latvia Germany Kazakhstan Russia Turkey Azerbaijan Poland Czech Rep. Armenia Ukraine Economic Freedom Index | 2019 Source: Heritage Foundation Source: WB-IFC Doing Business Report UK 7 USA 12 Estonia Georgia 15 16 #1 in Europe and Central Asia Region Lithuania 21 Czech rep. Top 8 in Europe region out of 44 countries 23 Latvia 35 Bulgaria 37 Romania Poland Armenia Kazakhstan Azerbaijan 42 46 47 59 60 33 34 Hungary Tukey 40 France 41 47 64 Italy Russia Ukraine 64 68 71 80 98 147 189 22 25 28 Global Corruption Barometer | 2017 Source: Transparency International Germany 3% Georgia 7% % admitting having paid a bribe last year Poland 7% Czech Rep. Slovakia Latvia Montenegro Bulgaria Turkey Lithuania Armenia Bosnia & Herz. Romania Kazakhstan Russia Ukraine Azerbaijan Moldova 9% 12% 15% Georgia is on a par with EU member states 16% 17% 18% 24% 24% 27% 29% 29% 34% 38% 38% 42% BANK OF GEORGIA Norway Sweden Business Bribery Risk | 2019 Source: Trace International UK 6 Singapore 12 Estonia 14 USA 15 France 19 Lithuania 24 Georgia 27 Czech rep. 34 Poland * 40 Latvia 42 Armenia Bulgaria Azerbaijan Russia Ukraine Turkey Kazakhstan Uzbekistan 74 77 79 110 122 123 126 181 41

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