Investor Presentaiton

DIVERSIFIED FOREIGN TRADE Goods' Trade Deficit Source: GeoStat In 1H21, the trade deficit widened by 13.3% y-o-y, as exports grew by 25.5% while imports increased by 18.4% Oil imports Source: GeoStat 0 -100 GEORGIA CAPITAL -200 -300 -400 -500 -600 -700 Apr-17 Jun-17 Aug-17 Oct-17 Dec-17 Feb-18 Apr-18 Jun-18 Aug-18 Source: ESCO Electricity generation and trade, GWH Trade Deficit, US$ mn, LHS Oct-18 Dec-18 Feb-19 Apr-19 Jun-19 Aug-19 Oct-19 Dec-19 Feb-20 Apr-20 Jun-20 Aug-20 Oct-20 Dec-20 Feb-21 Apr-21 Jun-21 % change y/y, trade deficit, RHS 1400 1,200 50% 1,000 40% 30% 800 20% 10% 600 0% 400 -10% -20% 200 -30% -40% -50% (200) (400) (600) 1200 1000 800 600 59% WPPS TPPS HPPS Imports Exports Domestic Supply 2003 2004 2005 2006 2007 2008 45% 400 73%88% 99% 99% 200 0 Jan-17 Feb-17 Mar-17 Apr-17 May-17 Jun-17 Jul-17 Aug-17 Sep-17 Oct-17 Nov-17 Dec-17 Jan-18 63% 99% 68% 91% 70% 86% 67% 64% 78% 96% 93% 99% 99% 84% 80% 74% Feb-18 Mar-18 Apr-18 May-18 Jun-18 Jul-18 Aug-18 Sep-18 Oct-18 Nov-18 Dec-18 Jan-19 59% 63% 71% Feb-19 Mar-19 Apr-19 May-19 54% 55% 83%99%99% 99% Jun-19 Jul-19 Aug-19 Sep-19 86% 74% 73% 55% 54% 46% Oct-19 Nov-19 Dec-19 52% 81% 83% Jan-20 Feb-20 Mar-20 Apr-20 May-20 98% 99% 95% 90% 72% 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 1H20 1H21 O Jun-20 Jul-20 Aug-20 Sep-20 Oct-20 Nov-20 Dec-20 Jan-21 48% 56% 60% 57% 51% 72% 91% Feb-21 Mar-21 Apr-21 Oil imports, US$ mn Oil imports, % change, y/y ующий 90% 70% 50% 30% 10% -10% -30% -50% 143

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