#1BANK OF GEORGIA GROUP PLC INVESTOR PRESENTATION 2Q23 & 1H23 Performance 17 August 2023 www.bankofgeorgiagroup.com#2Disclaimer - forward looking statements This presentation contains forward-looking statements, including, but not limited to, statements concerning expectations, projections, objectives, targets, goals, strategies, future events, future revenues or performance, capital expenditures, financing needs, plans or intentions relating to acquisitions, competitive strengths and weaknesses, plans or goals relating to financial position and future operations and development. Although Bank of Georgia Group PLC believes that the expectations and opinions reflected in such forward-looking statements are reasonable, no assurance can be given that such expectations and opinions will prove to have been correct. By their nature, these forward-looking statements are subject to a number of known and unknown risks, uncertainties and contingencies, and actual results and events could differ materially from those currently being anticipated as reflected in such statements. Important factors that could cause actual results to differ materially from those expressed or implied in forward-looking statements, certain of which are beyond our control, include, among other things: macro risk, including domestic instability; geopolitical risk; credit risk; liquidity and funding risk; capital risk; market risk; regulatory and legal risk; conduct risk; financial crime risk; information security and data protection risks; operational risk; human capital risk; model risk; strategic risk; reputational risk; climate-related risk; and other key factors that could adversely affect our business and financial performance, as indicated elsewhere in this document and in past and future filings and reports of the Group, including the 'Principal risks and uncertainties' included in Bank of Georgia Group PLC's Annual Report and Accounts 2022 and in 2Q23 & 1H23 Results Report. No part of this document constitutes, or shall be taken to constitute, an invitation or inducement to invest in Bank of Georgia Group PLC or any other entity within the Group, and must not be relied upon in any way in connection with any investment decision. Bank of Georgia Group PLC and other entities within the Group undertake no obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise, except to the extent legally required. Nothing in this document should be construed as a profit forecast. 2#3The Group delivered a strong performance in 2Q23 and 1H23 Highlights of the quarter Profit GEL 387m ROE 34.6% C/I 26.9% up 40.6% y-o-y Highlights of the half year Profit GEL 689m ROE 31.3% C/I 27.9% up 33.5% y-o-y June 2023 NPS 61 MAU 1.2m+ up 27.3% y-o-y GEL 3.06/ordinary share interim dividend declared Further share buyback and cancellation programme of GEL 62 million Profit, ROE and C/I were adjusted for a one-off GEL 21.1 million other income related to the settlement of an outstanding legacy claim 3#4Contents MACROECONOMIC HIGHLIGHTS GROUP OVERVIEW AND STRATEGY 2Q23 AND 1H23 RESULTS | APPENDICIES 4#5Robust economic growth persisted in 1H23, contributing to an improved outlook for the entire year Real GDP y-o-y growth 2011-2022 average 2021 2022 1H23 2023F 2024F 4.7% 10.5% 10.1% 7.6% 6.8% 5.0% 18.0% 10.6% 14.6% 11.6% 11.0% 10.5% 9.7% 9.3% 2.6% 8.8% 8.3% 7.2% Jan-22 Feb-22 Mar-22 Apr-22 May-22 Jun-22 Jul-22 Aug-22 Source: GeoStat, Galt & Taggart Sep-22 Oct-22 Nov-22 Dec-22 Jan-23 7.3% 7.5% 7.7% 8.4% Feb-23 5.8% 7.0% Mar-23 Apr-23 May-23 Jun-23 Key drivers of growth in 1H23: Resilient inflows from exports and tourism: Export of goods increased 14.8% y-o-y (+19.3% in 1H23) Tourism revenues up 34.8% y-o-y (+57.9% in 1H23) Strong investment spending and recovery in consumption on the back of lower inflation Increased activity in the construction, information and communication, and trade sectors Growth outlook: Real GDP growth is expected at 6.8% in 2023 driven by strong external earnings and increased investment expenditure Geopolitical instability in the region and tight global financial conditions pose downside risks to the outlook 5#6Strong external inflows underpinning economic growth Export of goods Export of goods, US$ bn -% change y-o-y Import of goods Import of goods, US$ bn -% change y-o-y 2.0 1.6 1.2 0.8 50% 5.0 1.6 1.5 40% 4.0 30% 3.0 14.8% 20% 2.0 50% 3.6 3.7 40% 30% 20% 11.8% 0.4 10% 1.0 10% 0.0 0% 0.0 0% -0.4 -10% -1.0 -10% 1Q21 2Q21 3Q21 4Q21 1Q22 2Q22 3Q22 4Q22 1Q23 2Q23 1Q21 2Q21 3Q21 4Q21 1Q22 2Q22 3Q22 4Q22 1Q23 2Q23 Remittances Tourism inflows Remittances inflow, US$ bn --% change y-o-y 2.0 150% 16 2.0 1.6 120% Tourism revenues, US$ bn --Tourism revenues, % of 2019 level --Tourist (overnight) trips, % of 2019 level 1.2 90% 1 1.5 1.3 1.1 0.8 60% 1.0 0.4 30% 0.5 0.0 0% 150% 115.0% 120% 87.2% 90% 1.0 60% 0.8 30% -0.4 1Q21 2Q21 3Q21 4Q21 1Q22 2Q22 3Q22 4Q22 1Q23 -10.5% 2Q23 -30% 0.0 0% 1Q21 2Q21 3Q21 4Q21 1Q22 2Q22 3Q22 4Q22 1Q23 2Q23 6 Source: GeoStat, NBG, GNTA#7Inflation continued to fall on the back of last year's high base, declining commodity prices and strong GEL The NBG proceeds with a gradual exit from tight monetary policy Monetary policy rate Annual CPI inflation Inflation target 16% 16% Annual 14% 5-year average Jun-23 Jul-23 14% Headline CPI 7.0% 0.6% 0.3% 12% 12% Core CPI 5.0% 4.1% 3.2% 10% 10% 8% 6% 4% 2% 0% -2% Jan-14 Jun-14 Nov-14 Apr-15 Sep-15 Feb-16 Source: GeoStat, NBG Jul-16 Dec-16 May-17 Oct-17 Mar-18 Aug-18 Jan-19 Jun-19 Nov-19 Apr-20 Sep-20 Feb-21 Jul-21 Dec-21 May-22 Oct-22 Mar-23 Aug-23 8% 6% 4% 2% 0% -2% Consistent reduction in global commodity prices on the back of GEL appreciation led to continued fall in CPI inflation Inflation expected to remain low amid decreasing commodity prices, strong GEL and fiscal consolidation The NBG reduced its policy rate by additional 25 bps to 10.25% on August the 2nd, marking the second cut in the current easing cycle The central bank is expected to continue the gradual exit from tight monetary policy while keeping a close eye on remaining inflation risks 7#8GEL supported by sustained FX inflows, tight monetary policy and improved sentiments Currency movements vs. US$, 12/31/2022 - 7/31/2023 6.3% 3.7% 3.3% 2.6% 2.0% 0.0% -0.2% -0.5% -3.3% -24.6% -44.0% MDL KZT EUR GEL AMD BYN AZN UAH UZS RUB TRY GEL real effective exchange rate 140 140 REER (Jan 2014 = 100) REER 3-year moving average 130 130 120 120 110 100 Адат 90 80 110 100 90 80 Feb-14 Jun-14 Oct-14 Source: NBG Note: +/- means appreciation/depreciation of the corresponding currencies Feb-15 Jun-15 Oct-15 Feb-16 Jun-16 Oct-16 Feb-17 Jun-17 Oct-17 Feb-18 Jun-18 Oct-18 Feb-19 Jun-19 Oct-19 Feb-20 Jun-20 Oct-20 Feb-21 Jun-21 Oct-21 Feb-22 Jun-22 Oct-22 Feb-23 Jun-23 GEL remained strong in the first half of the year gaining an additional 2.6% against the US dollar during 7M23 on top of a 12.5% appreciation in 2022 The Georgian currency is supported by strong external earnings, tight monetary policy and improved sentiments GEL is expected to maintain its current position, backed by robust external inflows and positive growth outlook 8#94.0 3.0 2.0 1.0 0.0 1Q14 Growing international reserves cushion the economy against external shocks Gross international reserves above US$ 5.0 bn as at end of June 2023 ■Gross international reserves in US$ bn, end of period The NBG keeps purchasing hard currency amid strong external inflows -3 months of goods and services imports (previous 4-quarter average) 6.0 6.0 Reserve 2019 2020 2021 2022 adequacy 5.07 ARA metric* 94.3% 100.2% 99.6% 103.9% Net FX purchases by NBG, US$ m 2020 2021 2022 1H23 -916 -355 565 1,058 5.0 5.0 2Q14 3Q14 4Q14 1Q15 2Q15 3Q15 4Q15 1Q16 2Q16 3Q16 4Q16 1Q17 2Q17 3Q17 4Q17 1Q18 2Q18 3Q18 4Q18 1Q19 Source: IMF, NBG, BOG * A ratio between 100%-150% is considered adequate 4.0 3.0 2.0 1.0 -140 -160 -80 O 120 Source: NBG ៦ ■Central bank's interventions, net purchase in US$ m 243 09- 07■ 06 O 0 O 135 ■ 30 4Q16 -140 1Q17 2Q17 BQ17 4Q17 1Q18 2Q18 3Q18 4Q18 1Q19 2Q19 3Q19 4Q19 1Q20 2Q20 -73 -100 -121 -20 ■ 3Q20 -265 4Q20 -430 1Q21 -164 2Q21 -93 3Q21 4Q21 77- 776- -26 ■ ☐ 58 232 301 461 598#10Bank loan book growth vs. nominal GDP growth Healthy banking sector, with dollarisation down Nominal GDP growth, y-o-y Bank credit growth, y-o-y 75% Bank credit growth in constant currency terms, y-o-y 45% 70% 40% 65% 35% 60% 30% 25% 55% 20% 50% 15% 13.5% 11.2% 10% 45% 8.4% 5% 40% 0% 35% -5% -10% 30% 2Q14 4Q14 2Q15 4Q15 Source: NBG, GeoStat, BOG 2Q16 4Q16 2Q17 4Q17 2Q18 4Q18 2Q19 4Q19 2Q20 4Q20 2Q21 4Q21 2Q22 4Q22 2Q23E Source: NBG 2Q14 4Q14 2Q15 4Q15 2Q16 4Q16 2Q17 4Q17 2Q18 4Q18 2Q19 4Q19 2Q20 4Q20 2Q21 4Q21 2Q22 4Q22 Loan and deposit dollarisation 2Q23 Bank loan dollarisation Bank deposit dollarisation Non-performing bank loans to total gross loans in selected countries, 2022 Lithuania Estonia Czech Rep. 0.5% 0.8% 1.5% Georgia 1.5% Slovenia 1.8% Latvia 1.8% Slovakia 1.9% Türkiye 2.0% Poland 2.4% Azerbaijan 2.6% Romania 2.7% North Macedonia 2.8% 50.8% Italy 2.8% 45.2% Kazakhstan 3.4% Uzbekistan 3.5% Hungary 3.9% Croatia Bosnia & Herz. Bulgaria Montenegro 4.3% 4.5% 4.6% 6.3% Moldova Greece 6.4% 6.5% Source: IMF 10#11Debt-to-GDP ratios flattened after significant decreases in previous years Banking sector loans to households and legal entities as % of GDP Household loans to GDP ■Legal entity loans to GDP Public debt as % of GDP ■Domestic public debt to GDP External public debt to GDP 64.8% 59.6% 52.8% 54.7% 47.2% 40.8% 35.8% 27.9% 29.5% 31.2% Source: NBG, GeoStat, BOG 2015 2016 2017 2018 2019 Private sector debt to GDP flattened at around pre-pandemic levels as credit growth started to align with nominal economic growth 77.6% 71.8% 62.4%60.7% 62.4% 2020 2021 2022 1Q23 2Q23E The previous decreases in debt-to-GDP ratio have created room for healthy credit growth 60.2% 49.7% 40.3%39.4% 38.9% 40.4% 39.8% 36.7% 31.9% 28.3% 28.8% 29.5% 31.0% Source: MOF, GeoStat, BOG 2020 2021 2022 1Q23 2Q23E Public sector debt to GDP also flattened as nominal economic growth started to sync with the growth rate of public borrowings Given the reduced debt burden and increased international reserves, the Georgian economy is well-positioned to withstand possible shocks 11 °37.5% 38.2%#12Contents MACROECONOMIC HIGHLIGHTS | GROUP OVERVIEW AND STRATEGY 2Q23 AND 1H23 RESULTS | APPENDICIES 12#13Who we are A FTSE-250 company with a diversified institutional investor base Retail digital banking leader in Georgia Top of mind and the most trusted bank in Georgia Consistently delivering high profitability (ROE above 20%) Highest standards of corporate governance and a strong focus on ESG Corporate and Investment Banking Net loans: GEL 5.5 bn MAU: 3K 31% 44% 25% SME Banking Net loans: GEL 4.3 bn MAU: 84K Retail Banking Net loans: GEL 7.7 bn MAU: 1,698K Figures are given for JSC Bank of Georgia (standalone), which constituted 96.1% of net loans of Bank of Georgia Group PLC as at 30 June 2023 13#14What we focus on Our strategic priorities Mobile Payments Loyalty Relevant in customers' daily lives Increasing customer Growing payments Excellent customer engagement business experience Our enablers Customer-centricity Data and AI People and culture Brand strength Key medium-term targets c.10% Loan book growth 20%+ ROAE Effective risk management 30-50% Dividend and share buyback payout ratio 14#15Track record of growth and strong performance 37 46 26.1% 61 58 55 853 699 727 514 519 2019 295 1,132 1,121 1,221 I 13.0% 32.4% 31.3% 25.8% 2019 2020 2021 2022 1H23 689 27.0% 2020 2021 2022 1H23 Profit (GEL millions) Digital MAU (thousands) NPS ROAE 20%+ 18.9% 19.8% 17.6% 22.0% 12.9% Loan book YoY growth 13.9% 12.2% c.10% 10.2% 2019 2020 2021 4.3% 2022 1H23 Nominal Constant currency basis 2019 ROAE and profit were adjusted for GEL 14.2m (net of income tax) termination costs of a former CEO and executive management 2022 ROAE and profit were adjusted for a one-off GEL 391.1m other income related to the settlement of an outstanding legacy claim, and a one-off GEL 79.3m income tax expense due to an amendment to the corporate taxation model in Georgia applicable to financial institutions 1H23 ROE and profit were adjusted for a one-off GEL 21.1m other income related to the settlement of an outstanding legacy claim 15#16Returning capital to shareholders Capital distribution GEL millions PAYOUT RATIO:* 36% 33% 34% 32% 30% 30% 35% 37% Number of shares outstanding (period-end)** millions 49.2 49.2 49.2 49.2 47.5 1.5 2.0 1.6 45.9 2.3 2.5 1.8 529 Interim dividends/ 188 buyback 257 47.6 47.2 47.5 46.9 45.0 44.2 196 72 80 98 102 122 124 No dividend 73 124 341 62 paid due to Covid-19 pandemic 40 184 134 84 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 1H22 1H23 Dec-18 Dec-19 Dec-20 Dec-21 Dec-22 Jun-23 Dividend paid for the year ■Share buyback Ordinary shares outstanding Treasury shares outstanding " Considering the strong performance during the first half of 2023 and robust capital levels, the Board today declared an interim dividend of GEL 3.06 per ordinary share in respect of the period ended 30 June 2023, payable in Pounds Sterling on 27 October 2023 In addition, the Board has approved a further share buyback and cancellation programme totalling GEL 62 million, which is expected to commence later in the year On 22 June 2023, the Company completed its previous GEL 260.7 million buyback and cancellation programme, having repurchased and cancelled 3,254,705 ordinary shares, representing 6.6% of the Company's issued share capital *For the purpose of total payout ratio calculation, total buyback amount is divided by outstanding shares before the beginning of the respective programme **Treasury shares are provided per IFRS and mainly include shares held by Executive and Employee trusts 16#17Our retail customers are becoming more digital and engaged Figures given for JSC Bank of Georgia standalone Monthly active users (Retail) thousands Digital engagement of active customers 71.9% 1,632 1,671 1,698 70.3% 1,492 1,546 +13.8% y-o-y 68.7% 64.3% 65.0% 1,121 1,174 1,221 959 1,005 +27.3% y-o-y 47.6% 45.8% 46.9% 47.7% 45.2% 533 551 582 439 454 +32.6% y-o-y Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 MAU - Digital MAU Digital DAU Jun-22 Sep-22 Dec-22 Digital MAU/MAU Mar-23 Jun-23 Digital DAU/Digital MAU 17#18• • • • . Developing our financial super app to fulfill a variety of customer needs Credit End-to end online consumer lending Pre-approved credit limits Fully online credit card 9:41 Home Page 19 • Total Available Amount 2,300.00 th Visa Classic 405.00 € VISA Savings End-to end online deposit activation Activation of "piggy bank" PLUS Points 147,650 367.65 Deposits & Liabilities Deposits • Investments Opening investment account • Managing investment portfolio . Insurance marketplace Motor Third Party Liability insurance (MTPL) • Travel insurance iD Products For You • Lifestyle Offers from partner merchants Buy now, pay later • Daily banking Transactions Payments • Play store 4.9/5 • PLUS Loyalty • App store 4.7/5 . Subscriptions Remittances 27,987.00 Customer Satisfaction Score 88% in 2Q23 • Chat and chat-bot support (89% in 2Q22) • See All Your Credit Opportunities & Request Desired Amount Check Now Caver the Costs of the Of Driver's Property & Bodil Injuries Caused By a Cras See More Main Products Offers Hub The Best Consumer Mobile Banking App in Central and Eastern Europe 2023 by Global Finance . Automatic payments & transfers • Digital debit card and debit card ordering NEW. Instant P2P payments to other banks Personal finance management Daily spend view and personal budget management 18#19Focusing on increasing product sales in digital channels Figures given for JSC Bank of Georgia standalone 55.7% Share of digital channel transactions Number of transactions* millions Products sales in digital channels** thousands Share of 57.5% 60.2% 62.6% 63.9% digital product sales 38.6% 37.9% 45.2% 44.1% 42.5% 87 98 86 79 12 1 75 1 12 11 1 11 21 21 11 21 21 2+ 22 20 20 1 1 96 96 671 58 578 37 550 39 454 410 27 30 613 541 511 60 424 52 53 383 44 41 2Q22 3Q22 ■mBank/iBank/sCoolApp ATMs 4Q22 Other digital channels Human-assisted channels 1Q23 2Q23 2Q22 3Q22 4Q22 1Q23 2Q23 BOG Pay Terminals ■mBank/iBank/sCoolApp Other digital channels *In 2Q23, we changed the methodology of calculating the number of transactions and now include payments, transfers, currency conversions, P2P transactions, cash-ins and cash-withdrawals. Product sales were excluded from the count of transactions. The previous periods have been restated. Other digital channels include smaller-scale channels such as bogpay.ge. Human-assisted channels include branches and a call center **In 2Q23, we changed the methodology of calculating the share of products sold digitally and currently include all types of products sold by the Bank. The previous periods have been restated 19#20Full digital experience for our business customers Monthly active digital users thousands 47 +38.3% +8.3% Figures given for JSC Bank of Georgia standalone Number of transactions millions +24.3% +15.0% 4.6 65 4.4 60 58 3.9 4.0 62 3.7 52 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 2Q22 3Q22 4Q22 1Q23 2Q23 B S 4 5 88% Customer Satisfaction Score (2Q23) Mil +7 ppts y-o-y 1,124,147,437.080 226,994.00 0000 87% 4,700 Customer Satisfaction Score (2Q23) 99.906.025.92 The Best Corporate Mobile Banking App in Central and Eastern Europe 2023 by Global Finance +5 ppts y-o-y 20#21Payments business - our daily touch point with customers Acquiring - volume of payment transactions GEL millions +51.4% Figures given for JSC Bank of Georgia standalone Issuing - payment MAU thousands +27.6% +15.9% 7 3,469 1,040 1,083 3,223 2,994 930 2,766 883 1,150 2,291 1,000 996 767 641 1,999 2,224 1,650 1,997 2,320 +4.0% 1,126 2Q22 3Q22 4Q22 1Q23 2Q23 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 POS terminals E-commerce 53.7% Market share in acquiring volumes | June 2023 +6.6 ppts YoY 16.5K Active merchants | June 2023 +28.4% YoY 21 21#22Fostering a customer-centric culture NPS* 33 33 39 38 37 May-18 Oct-17 Sep-18 49 44 47 46 43 42 34 Jun-19 Nov-19 Feb-20 Aug-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 55 54 52 61 60 58 58 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Figures given for JSC Bank of Georgia standalone Engaging with customers proactively and responding in real time Anticipating customer needs, wants, and future behavior Harnessing strong human relationships with data analytics for dynamic customer insights Investing in technology to deliver excellent customer experience Based on an external research by IPM Georgia, surveying a random sample of customers with face-to-face interviews MEDALLIA salesforce 22#23Empowering our employees eNPS 46 58 60 61 53 50 Figures given for JSC Bank of Georgia standalone 54 54 | Focusing on employee experience Fostering a high-trust environment and strong feedback culture | Attracting and developing top talent Doing business in line with our core values and business principles Ensuring diversity and equal opportunities in the workplace Nov-19 Nov-20 Apr-21 Nov-21 Apr-22 Nov-22 Apr-23 Employees are engaged 73% High-Performing Organisations Benchmark 70% 2022 and enabled 73% High-Performing Organisations Benchmark Diversity in managerial positions Diversity in senior managerial positions 70% 2023 73% 2022 67% Banking Industry Benchmark Based on the KORN FERRY survey 75% 47% 41% 2023 53% 59% 68% Banking Industry Benchmark ■ Men ■ Women As at 30 June 2023 ■ Men ■ Women 23#24Contents MACROECONOMIC HIGHLIGHTS GROUP OVERVIEW AND STRATEGY | 2Q23 AND 1H23 RESULTS | APPENDICIES 24#25Financial highlights of 2Q23 and 1H23 2Q23 1H23 34.6% ROE 31.3% 0.8% Cost of credit risk ratio 0.9% 26.9% Cost to income ratio 27.9% Net loans 30 Jun 2023 GEL 18.3bn +12.2% y-o-y +7.6% q-o-q +17.6% y-o-y +6.4% 9-0-9 On a constant currency basis Deposits 30 Jun 2023 GEL 19.6bn +38.1% y-o-y +5.9% q-o-q On a constant currency basis 18.7% +30.1% y-o-y +7.3% q-o-q 30 Jun 2023 CET1 capital Minimum requirement 14.6% ROE and cost to income ratio were adjusted for a one-off GEL 21.1m other income related to the settlement of an outstanding legacy claim 25#26Strong underlying performance Operating income* +34.8% +38.2% +18.4% All currency data are in GEL m unless otherwise stated Net non-interest income* +26.9% +37.0% +41.6% 271 1,231 667 250 463 585 564 214 231 1 27 82 527 1ā 91 495 891 463 7 192 271 338 8 250 192 125 231 338 151 171 71 214 126 100 190 768 396 372 335 553 281 295 2Q22 3Q22 4Q22 1Q23 2Q23 112 98 81 80 68 89 1H22 1H23 2Q22 3Q22 4Q22 1Q23 2Q23 | Net interest income Net non-interest income 201 140 1H22 1H23 Net fee and commission income Net foreign currency gain Net other income *4Q22 figures adjusted for a one-off GEL 391.1m other income and 2Q23 and 1H23 figures were adjusted for a one-off GEL 21.1m other income, related to the settlement of an outstanding legacy claim 26#27Investing for growth while maintaining the focus on efficiency Operating expenses +11.5% +9.3% +14.8% Cost to income ratio* All currency data are in GEL m unless otherwise stated 181 179 344 28 1578 161 161 164 1 2 1 32 32 1 30 299 58 27 28 2 52 32.5% 37 31 55 445 2 46 85 38 39 30.6% 31.0% 71 29.1% 26.9% 103 199 95 95 94 96 174 33.6% 27.9% 2Q22 3Q22 4Q22 1Q23 2Q23 1H22 1H23 2Q22 3Q22 4Q22 1Q23 2Q23 1H22 1H23 Salaries and other employee benefits Administrative expenses Depreciation, amortisation and impairment Other operating expenses *4Q22 figures adjusted for a one-off GEL 391.1m other income and 2Q23 and 1H23 figures were adjusted for a one-off GEL 21.1m other income, related to the settlement of an outstanding legacy claim 27#28Loan growth picked up, and deposit growth remains strong All currency data are in GEL m unless otherwise stated Loan portfolio +12.2% +17.6% +7.6% +6.4% Deposit portfolio +30.1% +38.1% +7.3% +5.9% 19,647 18,282 18,261 18,310 16,300 16,163 16,862 16,993 17,193 15,100 8,487 11,011 8,347 7,659 8,007 7,895 11,569 10,911 10,753 9,243 7,953 8,504 8,854 9,098 9,795 5,857 6,441 6,693 7,398 8,636 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Jun-22 Sep-22 Dec-22 Net loans GEL ■Net loans FC ■Client deposits and notes GEL Growth on a constant currency basis Mar-23 Jun-23 ■Client deposits and notes FC 28#29Focusing on profitability while maintaining strong competitive positions Market share - gross loans Market share - customer deposits 39.1% 38.8% 39.5% 39.1% 38.8% 40.7% 40.0% 40.3% 40.1% 40.1% 38.7% 38.9% 39.3% 40.1% 36.2% 36.2% 36.1% 36.7% 37.2% 37.5% Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Bank of Georgia TBC Bank Bank of Georgia TBC Bank Market share - loans to individuals Market share - deposits of individuals 42.4% 43.4% 44.4% 44.8% 44.6% 39.0% 38.9% 38.8% 38.7% 38.6% 38.5% 38.5% 38.4% 38.4% 38.3% 39.2% 38.7% 38.1% 37.7% 37.9% Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Jun-22 Bank of Georgia TBC Bank Sep-22 Bank of Georgia Dec-22 Mar-23 Jun-23 TBC Bank Market data based on standalone accounts as published by the National Bank of Georgia 29#30Increase in NIM driven by higher loan yield and lower cost of funds Net interest margin 6.6% 6.4% 5.7% 5.3% 5.3% 5.3% Loan yield, cost of funds, cost of deposits 12.5% 12.7% 12.6% 11.4% 11.6% 12.0% 11.3% 6.5% 5.2% 4.9% 5.1% 4.6% 4.5% 4.8% 4.6% 4.1% 3.7% 3.6% 3.4% 3.6% 3.7% 3.8% 2Q22 3Q22 4Q22 1Q23 2Q23 1H22 1H23 2Q22 3Q22 4Q22 1Q23 2Q23 1H22 1H23 Loan yield Cost of funds Cost of client deposits and notes 30#31Healthy loan quality portfolio Cost of credit risk ratio 1.0% 0.9% 1.0% 0.9% 0.8% 0.7% 0.6% 2Q22 3Q22 4Q22 1Q23 2Q23 1H22 1H23 ■ The quarter-on-quarter decrease of cost of credit risk was mainly driven by a reduction of Retail Banking cost of risk, partly offset by Corporate and Investment Banking. The cost of credit risk ratio was 0.9% in 1H23 (0.7% in 1H22), in line with the Group's normalised level ■The y-o-y decrease in the NPL ratio was driven by some recoveries in CIB. Compared with 31 March 2023, the NPL ratios were broadly stable across all segments All currency data are in GEL m unless otherwise stated Loan portfolio quality NPL coverage 89.6% 89.4% 66.4% 72.8% NPL coverage adjusted for the discounted value of collateral 138.0% 138.0% 128.9% 128.7% 70.4% 126.4% 472 443 437 423 398 2.6% 2.7% 2.4% 2.4% 2.4% Jun-22 Sep-22 Dec-22 INPLs Mar-23 NPLs to gross loans Jun-23 31#32Robust bottom-line growth and profitability Profit (adjusted)* +40.6% +28.6% +33.5% ROE* All currency data are in GEL m unless otherwise stated 689 32.8% 33.7% 34.6% 31.8% 32.4% 31.3% 516 27.9% 387 326 275 290 301 2Q22 3Q22 4Q22 1Q23 2Q23 1H22 1H23 2Q22 3Q22 4Q22 1Q23 2Q23 1H22 1H23 Profit (reported) 275 290 +37.6% ROA* +48.3% +35.6% 638 5.6% 5.0% 710 4.5% 4.7% 4.4% 4.4% 4.3% 516 409 301 2Q22 3Q22 4Q22 1Q23 2Q23 1H22 1H23 2Q22 3Q22 4Q22 1Q23 2Q23 1H22 1H23 *4Q22 figures adjusted for a one-off GEL 391.1m other income and 2Q23 and 1H23 figures were adjusted for a one-off GEL 21.1m other income, related to the settlement of an outstanding legacy claim 32#33Strong capital position at Bank of Georgia Evolution of capital ratios during 2Q23 Figures given for JSC Bank of Georgia standalone 31 March 2Q23 2023 profit Business Currency Capital growth impact distribution Capital facility impact 30 June 2023 Minimum requirement (30 June 2023) Potential impact of a 10% GEL devaluation CET1 capital adequacy ratio 19.5% 1.9% -0.4% -0.2% -2.1% 0.0% 18.7% 14.6% -0.9% Tier1 capital adequacy ratio 21.4% 1.9% -0.4% -0.2% -2.1% 0.0% 20.6% 16.9% -0.8% Total capital adequacy ratio 23.3% 1.9% -0.4% -0.2% -2.1% 0.0% 22.6% 19.8% -0.7% Risk-weighted assets 19,629 20,104 Mar-23 Jun-23 In January 2023, the NBG transitioned to IFRS-based accounting The full loading of Basel III capital requirements was completed in March 2023 In March 2023, the Financial Stability Committee (FSC) of the NBG set the cycle-neutral countercyclical capital buffer (base rate) at 1%. A 12-month period has been given to banks to satisfy the requirement from March 2024 33#34Strong liquidity position Liquidity coverage and net stable funding ratios JSC Bank of Georgia standalone (Basel III liquidity) Figures given for JSC Bank of Georgia standalone Net loans to customer funds and DFIs 132.4% 131.9% 130.6% 130.9% 130.1% 107.9% 129.8% 128.2% 121.4% 95.5% 94.0% 92.3% 92.8% 93.1% 113.5% 84.5% 85.0% 85.9% 83.8% 111.1% Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Jun-22 Sep-22 Dec-22 Net loans to customer funds Mar-23 Jun-23 Liquidity coverage ratio ■Net stable funding ratio Net loans to customer funds and DFIs Since January 2023, the NBG has transitioned to IFRS-based accounting, and the March and June 2023 liquidity coverage ratio and the net stable funding ratio have been calculated based on IFRS Both the LCR and the NSFR ratios have been comfortable above the minimum requirement of 100% ■ The decrease in LCR in June was mainly driven by the repayment of the Eurobond issued by the Bank coupled with a scheduled repayment of DFI funding and a significant growth in corporate portfolio. In August 2023, LCR returned to around 120% 34#35Diversified funding structure Interest-bearing liabilities +9.2% +2.9% All currency data are in GEL m unless otherwise stated Borrowed funds maturity profile (US$, million)* As at 30 June 2023 208 24,174 22,905 22,723 23,389 21,419 646 774 621 -608 3,154 1,279 1,300 2,647 1,900 1,841 74 2,753 2,113 1,905 2,290 126 2,266 114 154 ii....….. 19,647 17,193 18,261 18,310 134 15,100 47 24 13 147 7 7 12 7 Jun-22 Sep-22 Dec-22 Mar-23 ■Client deposits and notes Due to credit institutions Debt securities issued Borrowings Jun-23 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 Senior loans Bonds ■Subordinated loans Client deposits and notes increased to 84.0% of interest- bearing liabilities as at 30 June 2023, compared with 70.5% as at 30 June 2022 *Converted at exchange rates as at 30 June 2023 US$ 255 million undrawn long-term facilities attracted from DFIs as of 30 June 2023 Strong long-term funding pipeline to secure resources needed for the next 12 months ■ JSC Bank of Georgia has redeemed the full outstanding amount of the Eurobond Notes issued on 26 July 2016, maturing on 26 July 2023 35#36Contents MACROECONOMIC HIGHLIGHTS GROUP OVERVIEW AND STRATEGY 2Q23 AND 1H23 RESULTS | APPENDICIES: ADDITIONAL INFORMATION AND SEGMENT RESULTS 36#37Bank of Georgia's diversified loan book (gross loans by segment) 5,569 31% 7,905 44% 4,385 25% ■Retail Banking ■ SME Banking Corporate Banking As at 30 June 2023 Figures given for JSC Bank of Georgia standalone All currency data are in GEL m unless otherwise stated Total gross loans: GEL 17,859m Allowance for ECL: GEL 282m Total net loans: GEL 17,577m 37#38Retail Banking gross loan portfolio by product 9% 49% 42% ■Mortgage loans ■Consumer loans ■Other products Other products in Retail Banking include car loans, micro loans, card overdrafts, credit cards, pawn loans, and finance lease receivables Figures given for JSC Bank of Georgia standalone As at 30 June 2023 Total gross loans: GEL 7,905m Allowance for ECL: GEL 169m Total net loans: GEL 7,735m 38#39Corporate Banking gross loan portfolio by sector Other 27% Real estate 18% Electricity, gas and water supply 8% Trade 9% Agriculture, hunting and forestry 10% As at 30 June 2023 Figures given for JSC Bank of Georgia standalone Manufacturing 17% Total gross loans: GEL 5,569m Allowance for ECL: GEL 63m Total net loans: GEL 5,506m Hospitality 11% Top 10 CB borrowers: 22.0% of CB gross loan book Top 20 CB borrowers: 33.0% of CB gross loan book Sectors that represent more than 1% of CB gross loan portfolio: financial intermediation, service, mining and quarrying, transport and communication, construction 39#40Retail Banking - loan and deposit portfolio Loan portfolio +10.3% +13.1% All currency data are in GEL m unless otherwise stated Deposit portfolio +24.9% +34.4% +4.7% +5.6% +4.0% +4.0% Growth on a 10,133 10,924 10,663 11,255 7,014 7,122 7,305 7,392 7,735 9,010 constant 2,130 1,972 1,998 1,883 1,913 currency basis 8,060 7,613 7,854 7,567 6,512 4,884 5,150 5,307 5,508 5,823 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Net loans GEL Net loans FC Loan yield 2,498 Jun-22 2,565 Sep-22 2,864 3,049 3,401 Dec-22 Mar-23 Jun-23 ■Client deposits and notes GEL Cost of deposits 17.0% 17.2% 16.7% 16.9% 16.7% 17.0% 16.8% 8.8% 8.6% ■Client deposits and notes FC 8.1% 8.2% 8.3% 8.6% 8.2% 13.7% 14.0% 13.9% 14.3% 14.3% 14.3% 13.5% 2.8% 2.6% 2.5% 2.7% 2.9% 2.8% 2.8% 6.0% 5.9% 6.3% 6.7% 7.0% 6.8% 5.8% 0.6% 0.5% 0.6% 0.7% 0.7% 0.6% 0.7% 2Q22 3Q22 4Q22 1Q23 2Q23 1H22 1H23 Loan yield Loan yield (GEL) Loan yield (FC) 2Q22 3Q22 4Q22 1Q23 2Q23 1H22 1H23 -Cost of deposits Cost of deposits (GEL) Cost of deposits (FC) 40 In the first quarter of 2023 we split the SME Banking segment from Retail Banking and transferred the majority of the Micro portfolio, where customers had business-related needs, to SME Banking. The remaining Micro portfolio has been transferred to Mass Retail. The comparative figures have been restated accordingly to reflect this change#41SME Banking - loan and deposit portfolio Loan portfolio +10.9% +15.8% All currency data are in GEL m unless otherwise stated Deposit portfolio +30.2% +35.4% +6.0% +4.9% +10.8% +9.9% 3,911 3,919 4,064 4,091 4,336 Growth on a constant 1,509 1,628 1,469 1,928 1,793 1,856 1,799 1,909 currency basis 1,250 1,296 625 656 595 579 564 1,983 2,127 2,208 2,292 2,427 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Net loans GEL ■Net loans FC Loan yield 671 733 853 874 1,003 Jun-22 Sep-22 Dec-22 ■Client deposits and notes GEL Cost of deposits Mar-23 Jun-23 ■Client deposits and notes FC 13.6% 13.5% 13.7% 13.9% 13.9% 13.3% 13.9% 3.1% 2.9% 2.5% 2.5% 9.9% 10.2% 10.5% 11.0% 11.4% 2.5% 2.6% 11.2% 2.4% 9.6% 1.7% 1.3% 1.5% 1.0% 1.0% 1.0% 1.1% 8.2% 7.4% 7.8% 6.3% 6.5% 6.7% 6.2% -0.6% -0.6% -0.5% -0.4% -0.5% -0.9% -1.0% 2Q22 3Q22 4Q22 1Q23 2Q23 1H22 1H23 2Q22 3Q22 4Q22 1Q23 2Q23 1H22 1H23 Loan yield Loan yield (GEL) Loan yield (FC) Cost of deposits Cost of deposits (GEL) Cost of deposits (FC) 41 The negative cost of deposits is attributed to the gains from EUR/USD swap transactions part of which are included in the calculation of the cost of deposits#42Corporate Banking - loan and deposit portfolio All currency data are in GEL m unless otherwise stated Loan portfolio +14.4% +22.8% Deposit portfolio +38.9% +42.9% +11.2% +11.8% +10.5% +9.9% Growth on a 5,932 5,506 5,334 4,814 4,580 4,926 4,925 constant 4,975 4,825 4,270 currency 1,581 1,707 basis 1,800 1,803 3,974 1,511 3,754 3,375 3,604 3,644 1,061 1,205 1,322 1,281 1,532 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Loan yield Net loans GEL ■Net loans FC 4,351 2,759 3,175 3,627 3,021 Jun-22 Sep-22 Dec-22 ■Client deposits and notes GEL Cost of deposits Mar-23 Jun-23 ■Client deposits and notes FC 14.9% 14.7% 14.8% 15.4% 9.7% 9.7% 9.9% 10.2% 9.9% 14.8% 14.8% 15.0% 8.9% 9.2% 7.5% 7.1% 11.2% 11.5% 11.3% 6.7% 6.2% 6.2% 6.2% 6.2% 10.2% 9.0% 8.9% 9.1% 10.3% 9.7% 10.0 8.6% 7.4% 7.1% 7.5% % 0.0% -0.1% -0.2% 0.1% 0.0% 0.0% 0.1% 2Q22 3Q22 4Q22 1Q23 2Q23 1H22 1H23 2Q22 3Q22 4Q22 1Q23 2Q23 1H22 1H23 Loan yield Loan yield (GEL) Loan yield (FC) Cost of deposits Cost of deposits (GEL) Cost of deposits (FC) 42 The negative cost of deposits is attributed to the gains from EUR/USD swap transactions part of which are included in the calculation of the cost of deposits#43Borrowers and FX risk % is given for Bank of Georgia standalone gross loan portfolios Retail Banking Mortgages FC loans exposed to FX risk* (% of segment portfolio) 18.9% FC loans with no exposure to FX risk (% of segment portfolio) 5.4% 14.7% 4.0% Consumer loans 4.0% 1.3% SME Banking 42.4% 1.6% Corporate Banking 33.0% 39.3% Total 29.1% 15.0% *Loans disbursed in FC when a borrower's income is in GEL 43#44Contents MACROECONOMIC HIGHLIGHTS GROUP OVERVIEW AND STRATEGY 2Q23 AND 1H23 RESULTS | APPENDICIES: PREMIUM BANKING SNAPSHOT 44#45Strong growth in Premium Banking active customers Premium Banking monthly active users thousands +32.7% +8.2% 105.8 1.7 79.7 85.2 1.5 91.5 1.6 97.8 1.6 104.1 1.5 96.1 89.9 83.7 78.2 Our Premium Banking business offers a unique experience on the Georgian financial market to mass affluent customers through the SOLO brand and to high-net-worth individuals through Wealth Management private banking services Premium Banking quarter-on-quarter client growth was mainly driven by the SOLO X segment SOLO X was launched earlier this year and is tailored for clients who would like to benefit from unique SOLO lifestyle offers, but do not require a private banker Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 SOLO WM 90%+ 76 Digitally active clients in June 2023 SOLO NPS (2Q23) No change YoY Measured internally SOLO 45#46Key to SOLO's value proposition are unique lifestyle experiences SOLO events and projects (1H23) SOLO Kids: educational and entertaining activities 31 for our clients' children SOLO Talks: discussions and meetings with various professionals 24 8 SOLO Hobby: outdoor and indoor activities for our clients 4 SOLO Workshops: interactive events for collaborative learning and skill-building 2 SOLO One-to-One: individual meetings with famous professionals 9.8/10 Average feedback score Notable sponsored projects and events VISA SOLO KORDZ X SAKAMOTO: A RYUICHI SAKAMOTO TRIBUTE CONCERT namabo3600 30@M6636 063060606 m366060m Harry Potter PROLAND PHILOSOPHER'S BOUGHT TO YOU av CINECONCERTS WORLD SOLO Ryuchi Sakamoto Tribute Concert Harry Potter Concert SOLO Mercedes-Benz FashionWeek ACT TBILISI ORY PRESENTS TRILISI Mercedes Benz Fashion Week SOLO Sukhishvilebi National Ballet SOLO Distinguished Gentleman's Ride იფიქრე სწრაფად, 090363 6305 იფიქრე სწრაფაe, იფიქრე წელ ก ก U 09036 THINKING FAST AND SLOW THINKING, FAST AND SLOW THINK FAST AN Kar Georgian translation of Daniel Kahneman's "Thinking Fast & Slow" 46 45#47Enhancing value-added offerings to Premium Banking customers SOLO offerings SOLO loyalty campaigns cashbacks and discounts on various categories for Premium Banking clients. Six key categories include shopping, education, gastronomy, leisure, health, and home & family 428 offers in 1H23 Up to 25k unique clients benefited from SOLO loyalty campaigns in 1H23 SOLO Boutique SOLO Boutique is a unique space where only SOLO customers have the opportunity to buy distinctive and exclusive items at a special price 12-15 new brands are added to the assortment annually Presentations, degustation and promotions on brands and products WM-specific offerings Generous cashbacks at premium health & fitness companies Mental and physical checkups for personal and mental health in Georgia and abroad Specially developed tours and travel experiences internationally Exceptional shopping experience Personal concierge service We offer personal concierge services for SOLO Club (a membership group within SOLO) and WM clients ■ Our luxury concierge service includes: Personalised assistance, including travel arrangements, event planning, dining reservations ■ Exclusive access to event tickets, clubs, unique travel opportunities Lifestyle recommendations 47#48Premium Banking financial snapshot 30 June 2023 1H23 Net loans GEL 3,399M up 11.2% y-o-y (up 16.7% y-o-y on a constant currency basis) Deposits GEL 6,509M up 32.1% y-o-y (up 43.2% y-o-y on a constant currency basis) Profit GEL 137.6M up 68.0% y-o-y Cost of credit risk 0.6% 0.8% in 1H22 48#49Contents MACROECONOMIC HIGHLIGHTS GROUP OVERVIEW AND STRATEGY 2Q23 AND 1H23 RESULTS | APPENDICIES: CORPORATE GOVERNANCE 49#50We are a FTSE-250 company with a diversified institutional investor base Top 10 shareholders* 30 June 2023 Shareholder base by country 30 June 2023 Shareholder name Ownership 1 JSC Georgia Capital** 19.8% 2 BlackRock 4.9% 3 M&G Investment Management Ltd 4.4% 40.4% 4 Dimensional Fund Advisors (DFA) 4.2% 5 Vanguard 3.8% 6 JP Morgan Asset Management 3.4% 7 Van Eck Associates Corporation 2.5% 8 Gemsstock Ltd 2.3% 9 Harding Loevner LP 2.1% 10 Firebird Management LLC 2.0% ■ UK and Ireland ■ USA Scandinavia * Shareholders are grouped based on their parent companies ** Previously, BGEO Group PLC comprised a banking business and an investment business. In 2017 BGEO Group PLC demerged into two separately listed and independently managed public companies - Bank of Georgia Group PLC, the banking business, and Georgia Capital PLC, the investment business. The demerger was completed on 29 May 2018. In 2018 Bank of Georgia Group PLC issued additional 9,784,716 shares to Georgia Capital as part of the demerger. JSC Georgia Capital will exercise its voting rights at the Group's general meetings in accordance with the votes cast by all other Group shareholders as long as JSC Georgia Capital's percentage holding in Bank of Georgia Group PLC is greater than 9.9% 5.1% 4.4% 1.9% 25.2% 23.0% ■Luxembourg ■Unvested and unawarded shares for management and employees ■ Other** ** Includes the 19.8% shareholding of JSC Georgia Capital 50#51Board of Directors - governance which facilitates sustainable value creation Mel Carvill, Non-Executive Chair Experience: formerly Senior Independent Director of Sanne Group Plc, Head of Corporate Finance and M&A, and Strategic Planning and Chief Risk Officer at the Generali Group and President of PPF Partners. Non- Executive Director at Home Credit N.V., Vice Chair of Aviva-Cofco Life Insurance Company Ltd. Véronique McCarroll, Independent Non-Executive Director Experience: Deputy CEO at Orange Bank S.A.. Formerly Executive Director at Crédit Agricole CIB, Partner at McKinsey & Company, Oliver Wyman and Andersen/ Ernst & Young. Tamaz Georgadze, Independent Non-Executive Director Experience: Executive Director and founder of Raisin GmbH; formerly Partner at McKinsey & Company in Berlin and aide to the President of Georgia. Cecil Quillen, Independent Non-Executive Director Experience: Partner at Linklaters LLP and leader of the firm's U.S. securities practice, with nearly 30 years of experience working on a broad spectrum of securities and finance matters. Officer of the Securities Law Committee of the International Bar Association. Hanna Loikkanen, Senior Independent Non-Executive Director Experience: Non-Executive Director of Finn Fund, of Eastnine AB and of VEF Ltd and Non-Executive Board Member of Caucasus Nature Fund. Formerly worked in senior management roles at Nordea Finance, SEB and East Capital and was CEO of FIM Group. Mariam Megvinetukhutsesi, Independent Non-Executive Director Experience: 20 years of experience in financial services including in banking appointments at the EBRD; formerly Head of Georgia's Investors Council Secretariat and Deputy CEO at TBC Bank. Al Breach, Independent Non-Executive Director Experience: Executive Director and co-founder of Gemsstock Ltd, co- founder and Director of The Browser and Furka Advisors AG, and advisor to East Capital. Formerly a Russia and FSU economist at Goldman Sachs, and Managing Director at Brunswick UBS. Jonathan Muir, Independent Non-Executive Director Experience: CEO of LetterOne Holdings SA and of LetterOne Investment Holdings; formerly Partner at Ernst & Young and CFO and Vice President of Finance and Control of TNK-BP. Archil Gachechiladze, Chief Executive Officer Experience: With the Group since 2009 in various roles including CFO of BGEO Group and CEO of Georgian Global Utilities (previously part of BGEO Group Plc). Formerly held senior positions at KPMG, EBRD, Lehman Brothers and TBC Bank. 33% Female 6 Nationalities 51#52Diverse and experienced management team creating opportunities Archil Gachechiladze, Chief Executive Officer With the Group since 2009, serving in various senior positions, including as Deputy CEO/CB, Deputy CEO/IM, CFO of BGEO Group, Deputy CEO/CIB. Over 20 years of banking and financial services experience locally and internationally, including at Lehman Brothers Private Equity, Salford Equity Partners, KPMG, World Bank, EBRD. Holds an MBA with honors from Cornell University and is a CFA Charterholder. Nutsa Gogilashvili, Deputy CEO*, Head of Mass Retail Banking With the Group since 2016. Prior to her recent appointment, served as Head of Customer Experience and Human Capital Management. Prior to joining the Group, held various senior positions in local and international financial institutions. Holds an MSc in Finance from Bayes Business School in London. Eter Iremadze, Deputy CEO, Premium Banking With the Group since 2006, serving in various senior positions, including as Head of SOLO and Head of Blue Chip Corporate Banking Unit. Prior to becoming Head of SOLO, served as Head of Strategic Projects Department in Georgian Global Utilities (formerly part of BGEO Group). Holds an MBA from Grenoble Graduate School of Business. Zurab Kokosadze, Deputy CEO, Corporate and Investment Banking With the Group since 2003, serving in various senior positions, including as Head of Corporate Banking, Deputy Head of Corporate Banking, FMCG sector head. Holds an MBA from Grenoble Graduate School of Business. Sulkhan Gvalia, Deputy CEO, Chief Financial Officer With the Group since 2004, serving in various senior positions, including as Chief Risk Officer and Head of Corporate Banking. Prior to joining the Group, he served as Deputy CEO of TbilUniversal Bank. Holds a law degree from Tbilisi State University. David Chkonia, Deputy CEO, Chief Risk Officer With the Group since 2021. Mr Chkonia was appointed as Deputy CEO, Chief Risk Officer of JSC Bank of Georgia in September 2022. Previously, held senior positions in local and international organisations, including TBC Bank, BlackRock and PIMCO. Holds a BSc from San Jose State University and an MBA from the Wharton School of the University of Pennsylvania. Zurab Masurashvili, Deputy CEO*, Head of SME Business Banking With the Group since 2015. Previously, Head of Express Business, Head of MSME Business, Head of Retail Business at the Bank. Prior to joining the Group, held several positions in international organisations - EBRD, World Bank, GTZ, served as Deputy Chairman of the Board of Directors at PrivatBank. Holds a degree in Geology from Georgian Technical University. David Davitashvili, Deputy CEO, Information Technology With the Group since 2006. Appointed as Deputy CEO in charge of data analytics and information technology in August 2022. Previously, held various senior positions, including as Deputy Chief Operating Officer and Head of Internal Audit. Holds an undergraduate and master's degrees in management and microeconomics from Tbilisi State University and an Executive MBA from Bayes Business School. Subject to regulatory approval 52 42#53Diverse and experienced management team creating opportunities Mikheil Gomarteli, Deputy CEO, Strategic Projects Direction With the Group since 1997, serving in various senior positions. Deputy CEO since 2009, leading the Retail business. Appointed as Director of Strategic Projects Direction of JSC Bank of Georgia in September 2022. Holds an undergraduate degree in economics from Tbilisi State University. Vakhtang Bobokhidze, Co-director of International Business With the Group since 2005. Joined as Quality Control Manager. Left the Group in 2010 and rejoined the Group in December 2010. Previously, Deputy CEO, Information Technology, Data Analytics, Digital Channels. Holds an MBA from Tbilisi State University. Ana Kostava, Chief Legal Officer With the Group since 2018. Prior to her recent appointment, served as Chief Legal Officer of the Bank under the direct supervision of the Deputy CEO, Chief Risk Officer, since June 2020. Before joining the Bank, held various positions in local and international companies. Ms Kostava is an Associate Lecturer at Free University of Tbilisi. Holds an LLM from the University of Cambridge. Elene Okromchedlishvili, Head of Human Capital With the Group since 2017. Prior to her recent appointment, served as Head of Business Processes, Lean Transformation and Transactions. Previously, held various positions - Head of IFRS Reporting Unit and Head of Operational Efficiency and Cost management Unit. Holds a bachelor's degree in business administration from Free University of Tbilisi and an MBA from IE Business School. Levan Gomshiashvili, Chief Marketing and Digital Officer With the Group since 2019. Founder of HOLMES&WATSON, a creative agency, where he served as Account Manager for clients in banking and other sectors. Founder of Tbilisi School of Communication. Started his career at the Georgian Railway, covering advertising and project management. Holds an MSc in Management from the University of Edinburgh. Andro Ratiani, CEO of Digital Area With the Group since 2018. Previously, Head of Innovations at Bank of Georgia. Broad experience in various global companies, including UBS AG Investment & Wealth Management Bank in New York, Wells Fargo, and IHS Markit. Holds an master's degree in technology management from Columbia University. Subject to regulatory approval 53#54Contents MACROECONOMIC HIGHLIGHTS GROUP OVERVIEW AND STRATEGY 2Q23 AND 1H23 RESULTS | APPENDICIES: ADDITIONAL MACROECONOMIC DATA 54 54#552011 2012 Source: GeoStat 2013 2014 2015 7.4% 6.4% 2016 3.6% Diversified and resilient economy Gross domestic product Nominal GDP by sector, 2022 Nominal GDP per capita, US$ Real GDP growth, % 2017 4.8% 4.8% 5.0% 4.4% 3.0% 2.9% 2018 2019 2020 -6.8% 2021 2022 10.5% 10.1% Other 27.6% Accom. & food service 3.8% Information & commun. 4.7% Financial & Source: GeoStat insurance 4.9% 8.0% Transport & storage 6.5% Agriculture 7.0% Construction 55 Trade 15.2% Real estate 9.9% Manufacturing 12.5%#56Source: IMF Belarus 0.6% Azerbaijan 1.5% Russia 1.5% Czech Rep. 1.9% Croatia 1.9% Slovak Rep. 2.1% Bulgaria 2.2% Latvia 2.8% Hungary 2.9% Moldova 2.9% Estonia 3.3% Kazakhstan 3.5% Romania 3.5% Lithuania 3.5% Poland 3.7% Armenia 4.5% Georgia 4.7% Türkiye 5.7% Uzbekistan Source: IME Uzbekistan 9,634 Moldova 15,617 Azerbaijan 17,668 Armenia 17,795 Georgia 20,244 with ample room for further growth One of the fastest-growing economies in the region 2011-2022 average Comparative real GDP growth rates, GDP per capita in PPP international dollars, 2022 Belarus 22,312 Bulgaria 30,216 Kazakhstan 30,544 Russia 6.1% 33,263 Latvia 38,545 Romania 38,721 Türkiye 39,301 Slovak Rep. 39,490 Croatia 40,143 Hungary 42,044 Poland 43,480 Estonia 45,206 Lithuania 47,107 Czech Rep. 49,421 56#57Improved external balance on the back of strong external earnings Reduced current account deficit is financed by stable FDI inflows Trade in goods (net) Primary income (net) --Current account balance Trade in services (net) Current transfers (net) --Net FDI inflows 30% 30% 25% 25% 20% 20% 15% 15% 10.6% 9.5% 8.1% 8.2% 10% 6.0% 6.5% 4.6% 5.3% 5.7% 6.1% 6.7% 6.1% 10% 4.9% 3.6% O 5% 5% 0% 0% O -5% -5% O -5.6% -10% O -9.8% о -8.1% О -6.8% -4.0% -3.2% -5.9% -10% -15% ○ -12.2% O -10.1% -11.4% -11.8% -12.5% O -12.5% -10.4% -15% -20% -20% -25% -25% -30% -30% -35% -35% 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 1Q23 Source: NBG 557 57#58Unemployment down to historical low levels Labor market dynamics 1,500 27.2% 1,200 900 600 300 26.7% 26.4% Composition of employment Employed, '000 persons - Unemployment rate, % 100% 100% 30% 11.9% Industry 23.0% 21.9% 21.7% 21.6% 20.6% 19.2% 18.5% 17.6% 1,242 1,217 32.2% 25% 80% 17.9% 80% Agriculture 20% 18.0% 17.3% 60% 15% 40% 70.3% 10% 20% 5% 0% 0% 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 1Q23 Source: GeoStat Source: GeoStat 60% ■Services (incl. construction) 40% 67.8% 20% 0% 2022 2022 Self- employed Hired 58#59-10% Fiscal consolidation on the back of strong economic growth Fiscal balance as % of GDP 0% -5% -5.3% 2010 -2.0% -1.9% -2.1% -2.4% -1.7% -2.7% -2.3% -2.6% -2.8% -9.3% -6.1% Consolidated budget tax revenues, GEL m 2021 2022 2023 +18.2% y-o-y growth in 6M23 (+29.9% in 2022) -2.2% -2.5% 2,000 -3.1% -2.1% -2.3% 1,800 -2.8% 1,600 1,400 1,200 1,000 800 600 400 200 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023F 2024F 2025F 2026F 2027F Source: MOF, GeoStat, forecasts as of 2023 budget law Note: Deficit calculated as net lending / borrowing minus budget lending Source: MOF Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 59#60Contents MACROECONOMIC HIGHLIGHTS GROUP OVERVIEW AND STRATEGY 2Q23 AND 1H23 RESULTS | APPENDICIES: FINANCIAL INFORMATION 60#61Income statement highlights Change Change Change GEL thousands 2Q23 2Q22 1Q23 1H23 1H22 y-o-y q-o-q y-o-y INCOME STATEMENT HIGLIGHTS Net interest income 395,909 281,170 40.8% 371,900 6.5% 767,809 552,620 38.9% Net fee and commission income Net foreign currency gain Net other income Operating income Operating expenses 89,165 81,065 10.0% 112,301 -20.6% 201,466 139,897 44.0% 100,018 82,083 667,175 125,528 -20.3% 70,652 41.6% 170,670 190,012 -10.2% 7,087 494,850 1058.2% 8,656 848.3% 90,739 8,070 1024.4% 34.8% 563,509 18.4% 1,230,684 890,599 38.2% (179,365) (160,899) 11.5% (164,169) 9.3% (343,534) (299,254) 14.8% Profit from associates 682 250 172.8% 218 NMF 900 376 139.4% Operating income before cost of risk 488,492 334,201 46.2% 399,558 22.3% 888,050 591,721 50.1% Cost of risk (32,152) (25,911) 24.1% (48,298) -33.4% (80,450) (18,344) NMF Net operating income before non-recurring items 456,340 308,290 48.0% 351,260 29.9% 807,600 573,377 40.8% Net non-recurring items 1 232 -99.6% Profit before income tax expense and one-off items 456,341 308,522 47.9% (60) 351,200 NMF 29.9% Income tax expense (68,878) (33,036) Profit adjusted for one-off items 387,463 275,486 40.6% 108.5% (49,871) 301,329 38.1% 28.6% (59) 807,541 (118,749) 688,792 280 NMF 573,657 40.8% (57,599) 106.2% 516,058 33.5% One-off items Profit 21,061 408,524 21,061 275,486 48.3% 301,329 35.6% 709,853 516,058 37.6% Basic earnings per share 9.14 5.81 57.3% 6.55 39.5% 15.65 10.87 44.0% Diluted earnings per share 8.94 5.79 54.4% 6.44 38.8% 15.32 10.79 42.0% 61#62Balance sheet highlights GEL thousands BALANCE SHEET HIGHLIGHTS Liquid assets Cash and cash equivalents Change Change Jun-23 Jun-22 y-o-y Mar-23 q-o-q 9,067,120 2,155,256 Amounts due from credit institutions 1,931,461 7,815,396 2,834,950 1,766,529 16.0% -24.0% 9.3% 9,413,665 2,661,659 2,180,151 -3.7% -19.0% -11.4% Investment securities 4,980,403 3,213,917 55.0% 4,571,855 8.9% Loans to customers and finance lease receivables 18,282,017 16,299,630 Property and equipment 411,018 389,855 12.2% 5.4% 16,992,844 7.6% 405,838 1.3% All remaining assets 957,063 859,660 11.3% 890,735 7.4% Total assets 28,717,218 25,364,541 13.2% 27,703,082 3.7% Client deposits and notes 19,647,354 15,100,061 30.1% 18,309,528 7.3% Amounts owed to credit institutions 3,120,305 5,019,370 -37.8% 3,805,154 -18.0% Borrowings from DFIs 1,636,522 1,960,874 -16.5% 1,692,346 -3.3% Short-term loans from central banks 442,127 2,242,322 -80.3% 1,270,718 -65.2% Loans and deposits from commercial banks 1,041,656 816,174 27.6% 842,090 23.7% Debt securities issued 621,229 1,299,986 -52.2% 607,910 2.2% All remaining liabilities 795,318 512,477 55.2% 487,106 63.3% Total liabilities Total equity Book value per share 24,184,206 21,931,894 10.3% 23,209,698 4.2% 4,533,012 3,432,647 32.1% 4,493,384 0.9% 102.25 72.74 40.6% 98.51 3.8% 62 42#63Key ratios KEY RATIOS ROAA* ROAE* Net interest margin 2Q23 2Q22 1Q23 1H23 1H22 5.6% 4.5% 4.4% 5.0% 4.3% 34.6% 32.8% 27.9% 31.3% 31.8% 6.6% 5.3% 6.4% 6.5% 5.3% Loan yield 12.7% 11.4% 12.5% 12.6% 11.3% Liquid assets yield 4.7% 4.4% 4.3% 4.5% 4.4% Cost of funds 4.8% 5.2% 4.5% 4.6% 5.1% Cost of client deposits and notes 4.1% 3.7% 3.6% 3.8% 3.7% Cost of amounts owed to credit Institutions 8.3% 9.4% 8.3% 8.4% 8.8% Cost of debt securities issued 7.9% 6.9% 7.2% 7.5% 6.9% Cost:income ratio* 26.9% 32.5% 29.1% 27.9% 33.6% NPLs to gross loans 2.4% 2.6% 2.4% 2.4% 2.6% NPL coverage ratio 70.4% 89.6% 72.8% 70.4% 89.6% NPL coverage ratio adjusted for the discounted value of collateral 126.4% Cost of credit risk ratio 0.8% 138.0% 0.6% 128.7% 126.4% 138.0% 1.0% 0.9% 0.7% NBG (Basel III) CET 1 capital adequacy ratio n/a 14.0% n/a n/a 14.0% Minimum regulatory requirement n/a 11.7% n/a n/a 11.7% NBG (Basel III) Tier I capital adequacy ratio n/a 16.4% n/a n/a 16.4% Minimum regulatory requirement n/a 14.0% n/a n/a 14.0% NBG (Basel III) Total capital adequacy ratio Minimum regulatory requirement n/a 19.8% n/a n/a 19.8% n/a 17.5% n/a n/a 17.5% IFRS based NBG (Basel III) CET 1 capital adequacy ratio Minimum regulatory requirement 18.7% n/a 19.5% 18.7% n/a 14.6% n/a 14.5% 14.6% n/a IFRS based NBG (Basel III) Tier I capital adequacy ratio Minimum regulatory requirement 20.6% n/a 21.4% 20.6% n/a 16.9% n/a 16.8% 16.9% n/a IFRS based NBG (Basel III) Total capital adequacy ratio Minimum regulatory requirement 22.6% n/a 23.3% 22.6% n/a 19.8% n/a 19.7% 19.8% n/a *Ratios for 2Q23 and 1H23 were adjusted for a one-off GEL 21.1 million of other income related to the settlement of an outstanding legacy claim 33 63#64Contents MACROECONOMIC HIGHLIGHTS GROUP OVERVIEW AND STRATEGY 2Q23 AND 1H23 RESULTS | APPENDICIES: SOCIAL IMPACT OVERVIEW* 64 *Information and data is presented for JSC Bank of Georgia unless otherwise stated#65Creating opportunities and positive social impact in our communities Our impact focus areas Financial inclusion Objectives Education in communities Employee empowerment To use the power of technology and product innovation to drive digital financial inclusion in Georgia To give more school students in Georgia access to quality educational infrastructure and opportunities To be the employer of choice for top talent, providing equal opportunities for development and ensuring the best employee experience based on our values and business principles Key targets for 2023 70K MAU of sCoolApp in December 2023 57K Number of self-employed borrowers as of 31 December 2023 As at 30 June 2023 62K 52K 54-62 eNPS range 54 65#66Contents Financial inclusion: Retail Financial inclusion: Businesses Education in communities | Employee empowerment 66#67Financial inclusion - what we focus on Increasing the use of digital financial products and services Building financial literacy among young people Building capabilities of local businesses with relevant tools and information 67#68Mobile app and payments - one of the main tools for financial inclusion Focus area Why we think it's important Where we are now Financial inclusion - Use of digital channels • Convenience and quick access to our products and services • • Visibility of personal finances and access to tools to manage money more effectively • Ability to see all personalised financial and lifestyle offers • Chatbot/chat available 24/7 Access to information and educational content 1.2 million Digital MAU +27.3% y-o-y Financial inclusion - Use of cashless payment methods • Increased control over personal finances, giving people a full view of where and how they spend their money • More benefits - personalised offers, ability to save money through our loyalty programme Greater visibility of customers' financial history, income and behaviour, enabling banks to better assess their creditworthiness 1.1 million Payment MAU +26.6% y-o-y 68#69Empowering school and university students in Georgia with daily banking solutions and financial literacy initiatives Growing engagement among school students in Georgia thousands Growing engagement among university students in Georgia thousands 112.9 +90.1% y-o-y 169.1 171.0 170.7 102.3 +17.3% y-o-y 153.4 145.6 88.1 90.6 79.0 +131.0% 124.7 128.1 130.1 72.1 63.8 y-o-y 101.7 101.6 +28.0% y-o-y 59.4 45.6 39.2 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Active sCool Card users Payment MAU sCool Card - Bank of Georgia's flagship card for school kids in Georgia • Free card • Can be ordered on our website or through the app Free SMS, mobile and internet banking • Free public transportation in Tbilisi and Batumi; discounts in Zugdidi and Rustavi No fee on BOG ATM withdrawal Loyalty programme Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Active Student Card users Payment MAU Student Card - tailored to students, with lots of benefits • • Free Student Card Daily banking services Public transport benefits Special offers throughout the year from partner merchants 69#70sCoolApp | the first financial mobile application for juniors Monthly active digital users 9,495 45,117 33,167 NEW CHECK BALANCE 9:41 61,719 კი მე MONEY REQUEST / BILL SPLIT ჩემი ბალანსი 24.00 Oct-22 Dec-22 Mar-23 June-23 Addressable market Total available market 414K Serviceable available market 203K - NEW 100% FINANCIAL LITERACY MINI- მობილურზე თანხის "არიცხვა მოთხოვნა გადარიცხვა ბარათი თანხის Bon ARTICLES თანხის გაყოფა ვეჯი-გრილი - გადახდა PIGGYBANK wigg ყურსასმენი wondexxcom სპეციალური კინოთეად პოპკორ5 49.51 50% ქეშბექი ფასი | საჩუქრად Rigan yamada 48.20 ისტორია EXCLUSIVE OFFERS 27 ოქტომბერი, 2022 合 nazun 2 შეთავაზებები კონტაქტები = კინანსები nobm3 32.00 + მიაწერე კო 32.00€ 9:41 X ფონის შეცვლა ჩემი ბალანსი FINANCIAL TRACKER 24.00 41 ობილურზე თანხის ჩარიცხვა ჩეში მოთხოვნა გადარიცხვა ბარათი თანხის MANO BM60 CARD DETAILS & TRANSACTIONS $ ფეხბურთი ჰოლი-ჯოლი NEW მე ვაჩ საქათPem | კაპანაძე რგი თოლორდავა 8.00 ელისი გულორდავა 面 8.00 მუსიკა + Info Bang anuge B Disfagtgts ანკარაში. 24.00 გა97 SOUNDS, HAPTICS & ANIMATIONS NEW კალათბურთი ფონის დაყეწება NEW SKIN Serviceable obtainable market 122K sCoolApp is the first financial application for young people in Georgia, launched in October 2022 We ensure kids enjoy easy-to-use and easy-to-understand products and services relevant to them, and we keep kids safe with our end-to- end security, spending alerts, custom limits and in-app card controls 70#71Financial literacy content and tools are embedded in sCoolApp Digital "piggybank" helps foster savings culture from an early age Financial education content visible on the main screen 9:41 Account Piggy Bank You Saved 48.20 + III Add Money Transfer Pouse Money Saving DETAILS GE11BG0000004444444000GEL Amount 0,20 ლ sCool Card 合 Home Offers Contacts HISTORY Finances PIGGY BANK Save every time you spend 19K Almost 1/3 of active sCoolApp users have an active piggybank account (as at 30 June 2023) +45.1% q-o-q 9:41 მე ჩემი ბალანსი 24.00 ლ მობილურზე თანხის თანხის ჩემი ბარათი ჩარიცხვა მოთხოვნა | გადარიცხვა Bunnin შეაგროვე თანხა სკეიტბორდი 50% ქეშბექი კინოთეატრი პოპკორნი საჩუქრად ჩემი ყულაბა 48.20 ისტორია X ოქტომბერი, 2002 Beugufin @ შეთავაზებები B ambodegón ფინანსები 7:394 როცა საერთო 15:25 • 4G რაც გითა | საჩუქარს ყიდულობთ გაუყავი თანხა რაც გირდება დანაზოგი sCool გაუყავი თანხა ნახვა Weekly stories about effective money management principles are now visible on the main dashboard of the app 50/30/20 წესი ჰეი! 50/30/20-ის წესზე მოგიყვები, რომელიც დაგეხმარება ფული სპეციალისტივით დაზოგო, ნახე, როგორ მუშაობს; ვთქვათ, თვეში გაქვს სულ 100 ლარი - 100% 50 ლარი, ანუ ნახევარი დახარჯე იმაში, რაც აუცილებლად გჭირდება. მაგალითად იყიდე სენდვიჩი სკოლიდან რომ გამოხვალ - 50% 30 ლარი დახარჯე იმაში, რაც გინდა - მაგალითად კინოს ბილეთებში - 30% ხოლო 20 ლარი შეინახე, რომ მომავალში შენი ოცნებები აისრულო და მაგალითად პლანშეტი იყიდო - 20% დაიმახსოვრე 50/30/20, 50/30/20, 50/30/20, ძალიან მარტივია 71#72Key financial education activities during the first half of 2023 "Invite Finedu to Class" Bank of Georgia has supported a leading financial education platform - Finedu to bring lessons on financial education to Georgian schools across the country, introducing sCool Card and sCoolApp - "TSU Ambassadors" Bank of Georgia has partnered with a leading Georgia university - Tbilisi State University - to sponsor the "TSU Ambassadors" project, which unites TSU students who visit their alma mater schools to share student experiences and talk about financial tools and personal finance management skills as well 26 29 8 900+ Regions Schools visited 3 School students participated Tbilisi 250+ 60+ Regions Schools visited 180+ Tbilisi 8 10,000+ School students participated Argacherde.ge Bank of Georgia has recently developed a new learning platform with а dedicated financial education page. Launched in July 2023 Key themes covered: Other projects Bank of Innovations: Financial Literacy - Bank of Georgia collaborated with the National Bank of Georgia and Junior Achievement Georgia to host a 12-hour Innovation Camp in Kutaisi. Participants aged 15-18, collaborated with banking experts to brainstorm solutions for specific challenges, promoting entrepreneurial education Financial education Future professions • General literacy Economic Olympiad - Bank of Georgia sponsored the Economic Olympiad in partnership with Institute of Economic Education and Georgian Economic Literacy Initiative. The initiative targeted 10th to 12th grades to enhance their interest in economics and boost financial literacy 1,000+ School students participated 72#73Removing barriers that prevent self-employed people from accessing finance We redesigned the lending process for self- employed customers* Self-employed borrowers Barriers Difficulty in calculating a client's monthly income due to lack of formal employment What we changed Application origination and disbursement handled in digital channels 47K Dec-22 52K Jun-23 Lack of a digital process for loan application Limited access to typical retail lending products Full access to retail lending products (mortgages, consumer loans, instalments, credit cards, among others) Simplified income validation using video calls and an income matrix and on-site validation visits Loan portfolio of self-employed clients GEL Self-employed individuals were treated process-wise as business customers and not as self-employed retail customers Client coverage and servicing changed to a retail banking model 359M 489M Dec-22 *Self-employed customers are individuals whose share of income from self-employment exceeds 50% and who do not own a business/are not registered as individual entrepreneurs Jun-23 73#74Contents Financial inclusion: Retail Financial inclusion: Businesses | Education in communities | Employee empowerment 74#75Helping businesses implement effective accounting practices Accounting Development Programme Bank of Georgia's Accounting Development Programme helps SMEs overcome the hurdle of accessing finance by promoting effective accounting practices Together with partners, Bank of Georgia provides affordable accounting software packages to help SMEs run their businesses more effectively 608 Digitalisation of accounting Quick sharing of financial information with the Bank Full accounting services Identifying tax risk 472 SMEs implemented good accounting practices in their companies since March 2022 MaQNRICH გადახდების მიღება Cash Management გუდალ 8J630 3mma Sorado 回撤回 bankofge THE FILTHCEF We partnered with Georgia's top accounting firms to offer exclusive opportunities to our clients 75#76Supporting women entrepreneurs through networking, knowledge-sharing and access to finance Workshops Bank of Georgia regularly holds P2P trainings and workshops specially developed for women entrepreneurs Topics: Digital marketing • Good employment practices Developing e-commerce Change management Change management in volatile environment 78 Women trained as of June 2023 Loan portfolio of women-owned SMEs* GEL 819M Dec-22 899M Jun-23 Development Programme for Women Entrepreneurs In 2022 Bank of Georgia, in partnership with the United Nations Development Programme and the Swedish Government, launched а 360° programme for women entrepreneurs, empowering them with essential business knowledge, skills and networks to accelerate the development of their businesses 5 Programmes held since April 2022 A 125 Women participated 8.2K SME women-owned borrower clients 20.9% of SME gross loan portfolio *Small and medium-sized enterprises wherein more than 50% ownership is held by women 76#77Accelerating the development of Georgian startups 500 Georgia • Dedicated mentorship and programming for 12 weeks from 500 Global mentors • Access to 500 Global's network of founders and community events • Opportunity of attracting investments 12 55 Start-ups participated in 1H23 Strat-ups participated since 2020 Strat-ups chosen for final acceleration process in San Francisco since 2020 500 00 500 50 117 500 Georgia ON STOP In collaboration with 500 startups and Georgia's Innovation and Technology Agency (GITA), we launched Georgia's first international accelerator programme, fostering entrepreneurship, nurturing the tech ecosystem, facilitating global networking, and helping participating companies in fundraising 77#78Providing businesses with essential business insights and relevant research reports Businesscourse.ge BUSINESSCOURSE.GE Galt & Taggart research in 1H23 79 reports published on macroeconomic, capital markets, and sector-specific topics 5.8K+ Users engaged with the platform during the first half of 2023 Research reports are available at www.gt.ge 33 Courses are available of the platform Other educational activities Through this online platform we provide educational content and timely insights tailored to the needs of local SMEs AD • ESG Investments Digital marketing Finance Human capital Exports development Business forums - Bank of Georgia has helped organise two business forums where local businesses had an opportunity to learn more about ways of accessing finance Agro export - In collaboration with the USAID Agriculture Program, Bank of Georgia has facilitated a three-day workshop led by international experts to share knowledge in cold chain management and exports 2 Forums held in Batumi & Kutaisi 300 SMEs participated 33 SMEs Participated 78#79Contents Financial inclusion: Retail Financial inclusion: Businesses | Education in communities | Employee empowerment 79#80Education in communities - what we focus on Promoting STEM education Improving educational infrastructure Increasing access to quality education 80#81Promoting STEM and supporting access to quality education "STEM School" STEM School is a partnership between Bank of Georgia and a leading STEM-oriented school, Komarovi School. Our purpose is to help promote STEM education in Georgia. The project brings together school students from across the country and offers them an online educational platform with live sessions to deepen their knowledge in technology, engineering and mathematics 117 201 Students participated in 1H23 Students from regions (61 students sponsored by Bank of Georgia) 84 Scholarships We sponsor students within the framework of multiple scholarships, including Chevening and Fulbright scholarships, enabling motivated people from Georgia to study at top universities both in Georgia an abroad 40 Students sponsored since 2014 KOMAROVI STEM SCHOOL Students from Tbilisi NIKE Other projects - - - "Harvard Business Case" Competition Bank of Georgia has partnered with TBSC Consulting a local business consulting company to run the case competition modelled on Harvard Business School cases, promoting critical thinking, decision-making and teamwork among university students in Georgia Kings Olympiad - Bank of Georgia has partnered with the largest organiser of school-level competitions in Georgia 69K+ 61K+ Regions Students participated in 1H23 7K+ Tbilisi 81#82Increasing access to quality education infrastructure Ideathecas - multifunctional libraries იკითხე ისწავლე. იფიქრე Ideathecas across Georgia BLACK SEA OPOTI QUVARI TOWN O AMBROLAURI O'CHOKHATAURI NABEGLAVI OZURGET VILLAGE O Located near administrative boundaries O Located in high-mountain areas O Located in communities with ethnic and religious minorities • Located in cities NIKOZIO ODITSI ODUISI OAKHALKALAKI KHURVALETIO TBILISI OLAMBALO OUDABNO ERISIMEDIO SABATLOO 16 Ideathecas opened since 2020 7000+ School students reached We are planning to open 6 Ideathecas during 2023 In 2020 Bank of Georgia partnered with Georgian Book Institute to create Ideathecas versatile, multifunctional libraries in public schools across Georgia. Bank of Georgia's objective is to provide school students with access to exciting books and modern technology, fostering learning, ICT skills, and teamwork in a dynamic and colorful educational environment 82#83Contents Financial inclusion: Retail Financial inclusion: Businesses | Education in communities | Employee empowerment 83#84Employee empowerment - what we focus on Promoting diversity and equal opportunities Attracting, developing and retaining top talents Providing positive employee experiences 84#85Promoting diversity and equal opportunities to create an inclusive environment As at 30 June 2023 30% 70% ■ Women ■ Men 41% 47% 59% 53% ■ Women ■ Men ■ Women ■ Men Share of women in total employees Share of women in managerial positions Share of women in senior managerial positions In 2020 our efforts to address barriers to the employment of women were recognised by the 2X Challenge, an initiative seeking to empower women and enhance their economic participation In 2022 Bank of Georgia became a signatory of the UN Women's Empowerment Principles (WEPs) to highlight and enhance our commitment to supporting women in the workplace 85#86Creating unique opportunities for professional development of younger talent Leaderator - Bank of Georgia's flagship internship programme Summer internship - a programme for Georgian students who study abroad 295 Students participated in the programme since 2017 (81 participants in 1H23) 250 Students hired upon completion of the programme since 2017 28 Students participated in the programme since 2021 3 Students returned to the Group after graduation 71% Of hires still work at the Group As at 30 June 2023 Empowering undergraduates through real-world projects, mentorship from professionals, flexible schedules and job opportunities Figures given for Bank of Georgia Group PLC 86#87Encouraging career progression through continuous talent development activities for our employees During the first half of 2023 830 Employees promoted (739 in 1H22) 69.3% were women (64.8% in 1H22) 24% Mobility Rate (17% in 1H22) 874 Employees received financial support for external learning courses (567 in 1H22) 2,811 Employees took non- mandatory trainings/courses (2,199 in 1H22) 87#88ESG scores from independent rating agencies ISS* ENVIRONMENT 3 SOCIAL 2 GOVERNANCE 5 MSCI** Bank of Georgia falls into the highest scoring range relative to global peers CCC B BB BBB A AA AAA LAGGARD AVERAGE FTSE4GOOD Index Included in the global responsible investment index FTSE4GOOD since 2017 LEADER * ISS uses a 1-10 scale. 1 indicates lower governance risk, while 10 indicates higher governance risk versus its index or region. 1 indicates higher E&S disclosure, while 10 indicates lower E&S disclosure. Scores are as at 28 July 2023 ** MSCI score is as at 28 July 2023 88#89Definitions Strategic terms Active merchant At least one transaction executed within the past month Active POS terminal At least one transaction executed within the past month Digital daily active user (Digital DAU) Average daily number of retail customers who logged into our mBank/iBank at least one within the past month Digital monthly active user (Digital MAU) Number of retail customers who logged into our mBank/iBank at least once within the past month; when referring to business customers, Digital MAU means number of business customers who logged into our Business mBank/iBank at least once within the past month MAU (Monthly active user - retail or business) Number of customers who satisfied pre-defined activity criteria within the past month Payment MAU Number of retail customers who made at least one payment within the past month Ratio definitions Basic earnings per share Profit for the period attributable to shareholders of the Group divided by the weighted average number of outstanding ordinary shares over the same year Book value per share Total equity attributable to shareholders of the Group divided by ordinary shares outstanding at period-end; Ordinary shares outstanding at period-end equals number of ordinary shares at period-end less number of treasury shares at period-end Cost of credit risk ratio Expected loss on loans to customers and finance lease receivables for the period divided by monthly average gross loans to customers and finance lease receivables over the same period (annualised where applicable) Cost of deposits Interest expense on client deposits and notes for the period divided by monthly average client deposits and notes over the same period (annualised where applicable) Cost of funds Interest expense for the period divided by monthly average interest bearing liabilities over the same period (annualised) Cost to income ratio Operating expenses divided by operating income Interest-bearing liabilities Amounts owed to credit institutions, client deposits and notes, and debt securities issued Interest-earning assets (excluding cash) Amounts due from credit institutions, investment securities (but excluding corporate shares) and net loans to customers and finance lease receivables Leverage (times) Total liabilities divided by total equity Liquid assets Cash and cash equivalents, amounts due from credit institutions and investment securities Liquidity coverage ratio (LCR) High-quality liquid assets divided by net cash outflows over the next 30 days (as defined by the NBG). Calculations are made for Bank of Georgia standalone, based on IFRS. Loan yield Interest income from loans to customers and finance lease receivables for the period divided by monthly average gross loans to customers and finance lease receivables over the same period (annualised where applicable) NBG (Basel III) Common Equity Tier I (CET1) capital adequacy ratio Common Equity Tier I capital divided by total risk weighted assets, both calculated in accordance with the requirements of the NBG. Calculations are made for Bank of Georgia standalone, based on IFRS. NBG (Basel III) Tier I capital adequacy ratio Tier I capital divided by total risk weighted assets, both calculated in accordance with the requirements of the NBG. Calculations are made for Bank of Georgia standalone, based on IFRS. NBG (Basel III) Total capital adequacy ratio Total regulatory capital divided by total risk weighted assets, both calculated in accordance with the requirements of the NBG. Calculations are made for Bank of Georgia standalone, based on IFRS. Net interest margin (NIM) Net interest income for the period divided by monthly average interest earning assets excluding cash over the same period (annualised where applicable) Net stable funding ratio (NSFR) Available amount of stable funding divided by the required amount of stable funding (as defined by the NBG). Calculations are made for Bank of Georgia standalone, based on IFRS. Non-performing loans (NPLs) The principal and/or interest payments on loans overdue for more than 90 days; or the exposures experiencing substantial deterioration of their creditworthiness and the debtors assessed as unlikely to pay their credit obligation(s) in full without realisation of collateral NPL coverage ratio Allowance for expected credit loss of loans and finance lease receivables divided by NPLs NPL coverage ratio adjusted for discounted value of collateral Allowance for expected credit loss of loans and finance lease receivables divided by NPLs (discounted value of collateral is added back to allowance for expected credit loss) One-off items - Significant items that do not arise during the ordinary course of business Operating leverage Percentage change in operating income less percentage change in operating expenses Return on average total assets (ROAA) Profit for the period divided by monthly average total assets for the same period (annualised where applicable) Return on average total equity (ROAE) Profit for the period attributable to shareholders of the Group divided by monthly average equity attributable to shareholders of the Group for the same period (annualised where applicable) NMF Not meaningful 89#90Company information Registered address 42 Brook Street London W1K 5DB United Kingdom Registered under number 10917019 in England and Wales Secretary Computershare Company Secretarial Services Limited The Pavilions Bridgwater Road Bristol BS13 8FD United Kingdom Stock listing London Stock Exchange PLC's Main Market for listed securities Ticker: "BGEO.LN" Contact information Bank of Georgia Group PLC Investor Relations Telephone: +44 (0) 203 178 4052; +995 322 444444 (7515) E-mail: [email protected] www.bankofgeorgiagroup.com Auditors Ernst & Young LLP 25 Churchill Place Canary Wharf London E14 5EY United Kingdom Registrar Computershare Investor Services PLC The Pavilions Bridgwater Road Bristol BS99 6ZZ United Kingdom Please note that Investor Centre is a free, secure online service run by our Registrar, Computershare, giving you convenient access to information on your shareholdings. Investor Centre Web Address - www.investorcentre.co.uk Investor Centre Shareholder Helpline - +44 (0)370 873 5866 Share price information Shareholders can access both the latest and historical prices via the website, www.bankofgeorgiagroup.com 90