Bank of Georgia Earnings and Strategy Update

-8% -4% -2% 0% 10% 12% GEORGIA'S ECONOMIC OUTLOOK IN 2022 GEORGIA'S ECONOMIC GROWTH FORECAST Source: Geostat, Galt & Taggart 7.4% 8% 6.4% 6.2% 6% 4% 2.4% 2% -6% -3.7% 2008 2009 2010 2011 2012 2013 2014 2015 2016 4.8% 4.8% 5.0% 4.4% 3.6% 3.0% 2.9% 2017 -6.8% 2020 2021E 2022F 5.0% 10.6% Our brokerage and investment arm, Galt & Taggart, forecasts a 5.0% real GDP growth in 2022, driven by a continued recovery in tourism Downside risks to growth are the ongoing COVID-19 pandemic and regional instability 8

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