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Investor Presentaiton

TRACK RECORD OF DELIVERING STRONG RESULTS 24 24 Revised medium-term loan book growth target from c.15% to c.10% Nominal Constant currency basis 26.4% 26.1% 25.2% 25.6% 27.0% 21.4% 13.0% Loan book growth YoY 17.4% 18.9% 17.4% c.10% 22.0% 19.0% 15.9% 10.2% 13.7% 2017 2018 2019 2020 1H21 ROAE 20%+ 2017 2018* 2019** 2020 1H21 ROBUST CAPITAL MANAGEMENT TRACK RECORD Maintain regular dividend payouts: aiming 25-40% dividend payout ratio GEL 648mln+ cash dividend paid during 2013-2019, within the targeted payout range Capital repatriation policy: In the light of the evolving macroeconomic situation and expected levels of medium- term growth, the Board will formally review the Group's capital repatriation policy in the second half of 2021. Adjusted for GEL 30.3mln demerger related costs, GEL 8.0mln demerger related corporate income tax gain, GEL 30.3mln one-off impact of re-measurement of deferred tax balances and GEL 3.9mln (net of income tax) termination costs of the former CEO Adjusted for GEL 14.2mln (net of income tax) termination costs of the former CEO and executive management Dividend yield is calculated based on the closing price of shares immediately prior to ex-dividend date REGULAR DIVIDENDS GEL MILLIONS PAYOUT 30% 36% 33% RATIO: 34% 32% 30% 30% 4.0% 4.2% 3.1% 3.1% 3.2% 2.4% 2.7% Interim dividend 122 124 98 102 72 80 51 70 2013 2014 2015 2016 2017 2018 Total dividend paid during the year 2019 2020 2021 Dividend yield***
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