Bank of Georgia Financial Analysis

BUILDING BLOCKS TO BECOME THE FINANCIAL SERVICES HUB Wealth Management Strong international presence: Israel (since 2008), UK (2010), Hungary (2012), Turkey (2013) and Cyprus (2017) AUM of GEL 2,272 million, up 22% y-o-y Diversified funding sources: " Georgia 30% Israel 10% UK 4% Germany 2% " Other 54% Wealth Management Vision - Become the regional hub for wealth management offering Invest globally ■ Superior service " " Business friendly environment Favorable tax regime High level of banking secrecy Brand new office in the centre of Tbilisi, since January 2019, dedicated to serving wealth management clients Limassol Tel Aviv " Brokerage & Corporate Advisory The leading brokerage house in the region The only international sub-custodian in the region The leading investment bank in the region Wide product coverage and Exclusive partner of SAXO Bank via While Label structure, that provides highly adaptive trading platform with professional tools, insights and world-class execution Fx Fx CFD Eq SAXO O Eq Fu C Bo BANK Research Sector, macro and fixed income coverage Georgian quarterly macroeconomic update International distribution S&P CAPITAL IQ McGRAW HILL FINANCIAL Sty Bloomberg All you need is love... THOMSON REUTERS During 2018 Galt & Taggart acted as: co-manager of Georgia Capital's inaugural US$ 300mln international bond issuance due in 2024, in March 2018 " lead manager for BSTDB, facilitating a public placement of GEL 75mln local bonds in March and June 2018 lead manager for Georgian Leasing Company's US$ 5mln local public bond issuance due in 2021, in June 2018 lead manager for FMO, facilitating a public placement of GEL 160mln local bonds in July 2018 rating advisor for JSC Microfinance Organization Swiss Capital, facilitating the process of obtaining the Long-Term Issuer Default Rating of 'B-' from Fitch Ratings, in July 2018 rating advisor for Georgian Leasing Company, facilitating the process of obtaining the Long- Term Issuer Default Rating of 'B+' from Fitch Ratings, in November 2018 lead manager of m2 Commercial Assets' US$ 30mln local public bond issuance due in 2021, in December 2018 Corporate advisory platform " Team with sector expertise and international M&A experience Proven track record of more than 30 completed transactions over the past 8 years BANK OF GEORGIA 33

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