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Investor Presentaiton

Listed portfolio BANK OF GEORGIA BANK OF GEORGIA OVERVIEW http://bankofgeorgiagroup.com/ INVESTMENT RATIONALE Market opportunity The first entity from Georgia to be listed on the premium segment of the Main Market of the London Stock Exchange (LSE: BGEO) since February 2012. Banking sector assets, loans and deposits High standards of transparency and governance. CAGR 23.7% Leading market position¹ in Georgia by assets (35.3%), loans (36.0%), client deposits (36.1%) and equity (32.4%) as at 30 September 2021. 70 60 GEORGIA CAPITAL Growing market: The banking sector's assets growth rate at 23.7% (CAGR during 2003-2021 years). Strong retail and corporate banking franchise. Leader in payments and financial mobile app. Sustainable growth combined with strong capital, liquidity and robust profitability. Outstanding ROAE performance. Dividend per share growing at 34.3% CAGR over 2010-2018 VALUE CREATION POTENTIAL Loan book growth c.10%. Restoration of dividend pay-out ratio within 30-50%. 20%+ ROAE. OWNERSHIP Georgia Capital owns 19.9% of Bank of Georgia Group PLC. As long as Georgia Capital's stake in BoG is greater than 9.9%, it will exercise its voting rights in Bank of Georgia Group in accordance with the votes cast by all other shareholders on all shareholder votes at any general meeting. Banking business key medium-term targets ROAE 20%+ Loan book growth c. 10% 58.6 56.9 47.2 50 39.7 41.0 38.2 40 34.6 31.9 30.1 30 25.2 26.6 22.3 34.6 35.9 20.6 17.3 18.9 20 12.7 14.4 16.0 26.2 13.0 23.0 10.6 8.9 7.2 8.3 10 0.8 1.3 1.7 0.9 2.5 1.7 4.2 2.7 6.0 4.6 5.2 6.3 8.7 7.7 10.5 19.8 17.0 14.3 0.7 1.0 1.3 2.1 3.2 3.6 4.0 5.5 6.7 7.6 9.7 11.6 0 2003 2004 2005 2006 2007 2008 2009 2010 Assets, GEL bln 2011 2012 2013 Deposits, GEL bln 2014 2015 2016 2017 2018 2019 2020 2021 Loans, GEL bln Source: NBG Robust capital management track record Maintain regular progressive semi-annual dividend payouts: aiming 30-50% dividend/share buyback payout ratio Given higher levels of lending growth in the near term, the Board currently expects the payout ratio to be approximately 35-40% over the next two years GEL 648mln+ cash dividend paid during 2013-2019 An interim dividend of GEL 1.48 per ordinary share was paid on 5 November 2021 Georgia Capital PLC | 1. Market data based on standalone accounts as published by the National Bank of Georgia (NBG) www.nbg.gov.ge 48
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