Commencement of $50 million buyback programme

Georgia Capital PLC (the "Company" or "Georgia Capital") announces that, following the completion of its previously announced US$ 68 million share buyback and cancellation programme, the Company has today launched the US$ 50 million share buyback and cancellation programme (the "Programme") approved by its board of directors on 5 August 2025. The Programme will remain in effect for a period of nine months. The shares will be purchased in the open market and the cancellation of the treasury shares will be executed on a monthly basis. The purpose of the buyback is to reduce the share capital. Under the buyback Programme, the maximum price paid per share will not exceed the latest reported NAV per share amount.

The Programme is consistent with the Company's GEL 700 million capital return programme, announced on 6 August 2025, which will run through the end of 2027 and cover capital returns through share buybacks, dividends, and the potential early paydown of the existing US$ 150 million local Holding Company bonds.

In accordance with the authority granted by the shareholders at the 2025 annual general meeting ("AGM"), the maximum number of shares that may be repurchased is 4,620,275. The Programme is conducted within certain pre-set parameters, and in accordance with the general authority to repurchase shares granted at the 2025 AGM, Chapter 12 of the FCA Listing Rules, and the provisions of the Market Abuse Regulation 596/2014/EU and of the Commission Delegated Regulation (EU) 2016/1052 (as they form part of UK domestic law).