Commencement of US$ 50 million buyback programme

Georgia Capital PLC (the "Company" or "Georgia Capital") announces that, following the completion of its previously announced US$ 60 million share buyback and cancellation programme, the Company has today launched a new US$ 50 million share buyback and cancellation programme (the "Programme"). The Programme will remain in effect for a period of six to nine months. The shares will be purchased in the open market and the cancellation of the treasury shares will be executed on a weekly basis. The purpose of the buyback is to reduce the Company's share capital.

The Programme is the first tranche of the Company's GEL 1 billion capital allocation programme, announced on 4 August 2026, which will run through the end of 2029 and cover a combination of capital returns through share buybacks and, potentially, dividends, together with business investments in Georgia and Armenia.

In accordance with the authority granted by the shareholders at the 2026 annual general meeting ("AGM"), the maximum number of shares that may be repurchased is 4,682,370. The Programme is conducted within certain pre-set parameters, and in accordance with the general authority to repurchase shares granted at the 2026 AGM 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).