Bank of Georgia Group PLC (the “Company”) may by ordinary resolution declare dividends provided that no such dividend shall exceed the amount recommended by its Directors. The Directors may also pay interim dividends as appear justified by the profits of the Company available for distribution.

As Bank of Georgia Group PLC is a holding company, it relies primarily on dividends and other statutorily (if any) and contractually permissible payments from its subsidiaries to generate the funds necessary to meet its obligations and pay dividends to its shareholders.

At the Annual General Meeting of the Company held on 17 May 2019, shareholders approved the payment of a final dividend of Georgian Lari 2.55 per ordinary share in respect of the period ended 31 December 2018 to ordinary shareholders of the Company on the register of members at the close of business on 31 May 2019, in British Pounds Sterling, pursuant to the following timetable:

EX-DIVIDEND DATE:                                30 May 2019
RECORD DATE:                                         31 May 2019
PAYMENT DATE:                                       28 June 2019

The Company has confirmed that the National Bank of Georgia Georgian Lari/British Pounds Sterling average exchange rate for the period 27 to 31 May 2019, the currency conversion rate, is 3.5337 and shall be used to pay dividends to ordinary shareholders of the Company on 28 June 2019.

The most secure method of paying dividends is by direct credit into a nominated bank account. Shareholders who have not already done so should provide appropriate bank account details to the Company's Registrar: Computershare Investor Services PLC, The Pavilions, Bridgwater Road, Bristol, BS99 6ZY. Those shareholders who have not taken advantage, or do not for possible future dividends take advantage, of the direct credit facility will be paid their respective dividend by cheque in British Pounds Sterling.