Completion of Acquisition of Ameriabank

Bank of Georgia Group PLC (the “Company”) announces that, having received all necessary shareholder and
regulatory approvals as of 29 March 2024, the acquisition of Ameriabank CJSC (“Ameriabank”) has now been
completed. The Company will consolidate Ameriabank in the accounts of the Company as of end of March 2024.

Note that, as disclosed in the class 1 circular published by the Company on 19 February 2024, European Bank for
Reconstruction and Development have retained 11,713 shares in Ameriabank, equal to 10% of Ameriabank’s total
issued share capital, with such shares being the subject of a put and call option, a summary of the terms of which
is set out in Part III (Principal Terms and Conditions of the Acquisition Agreement and the Shareholders’ (Put and
Call Option) Agreement) of the class 1 circular.