Investor Presentaiton

Sovereign ratings with stable outlook and favourable macro fundamentals Key Ratings Highlights Rating Agency Rating Outlook Affirmed SWEDEN FINLAND NORWAY MOODY'S Ba2 Stable September 2019 No sea Copenhador Wetric Sen LITHUANIA S&P Global BB Stable October 2019 BELARUS IRELAND London BLANDS Amterdam Berlin POLAND GERMANY Fitch Ratings BB Stable February 2019 BELOIDS Parks CZECH REPUB Georgia is favorably placed among peers Bay, of day SAIN Fitch Rating Country Country Rating Rabat MOROCCO Outlook Armenia BB- Stable Azerbaijan BB+ Stable Belarus B Stable Czech Republic AA- Stable Georgia BB Stable Kazakhstan BBB Stable Turkey BB- Stable Ukraine B Positive ADI HUNGARY FRANCE V Zagreb ROMANIA ITALY FULANIA ALGERIA Mediterranean Sea General Facts Georgia Kyiv UKRAINE LIBYA EGYP KAZAKHSTAN Actans GEORGIA CAPITAL RUSSIA INDIANG UYU Bioce Seu UZBEKISTAN Toshkent KYRGYZSTAN Ankara Yerevan VerRADAL TURKEY TURKMENISTAN Ashgabat Dushane, TAKISTAN Baghdad IRAQ IRAN Riyadh AFGHANISTAN PAKISTAN Islamabad INDIA Area: 69,700 sq km Population (2018): 3.7 million Capital: Tbilisi; Economy Life expectancy: 73.5 years Official language: Georgian Literacy: 100% Currency (code): Lari (GEL) Nominal GDP (Geostat) 2018: GEL 41.1 billion (US$16.2 billion) Real GDP growth rate 2014-2018: 4.6%, 2.9%, 2.8%, 4.8%, 4.7% Real GDP 2007-2018 annual average growth rate: 4.5% GDP per capita 2018 (PPP, international dollar) IMF: 11,485 Annual inflation 2019: 4.9% External public debt to GDP 2018: 34.3% DINGHA Page 54

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