Investor Presentaiton

Reasonably optimistic economic outlook Georgia's economic growth forecast 7.4% 6.4% 10.4% 4.8% 4.8% 5.0% 4.4% 4.5% 3.6% 3.0% 2.9% -6.8% 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022F Source: GeoStat, Galt & Taggart Galt & Taggart forecasts a 4.5% real GDP growth in 2022, a 0.5ppt downward revision from pre-war projection Downside risks are high given elevated uncertainties, but Georgia is expected to be resilient in the face of ongoing regional tensions 6

View entire presentation