Demerger Update – Scheme Effective

Bank of Georgia Group PLC (“Bank of Georgia Group”) is pleased to announce that all of the conditions to the scheme of arrangement of BGEO Group PLC (“BGEO”), which was announced on 26 March 2018, (the “Scheme”) in connection with the proposed separation of BGEO’s investment business (the “Investment Business”) by demerger (the “Demerger”) to Georgia Capital PLC (“Georgia Capital”) have been satisfied and the Scheme has now become effective.