Appointment of the interim CEO of Water Utility and Renewable Energy Businesses

Georgia Capital PLC (the Group or Georgia Capital) today announces the appointment of Avto Namicheishvili as the Interim Chief Executive Officer (CEO) of the Group’s water utility and renewable energy businesses. Avto will assume the interim CEO role in addition to his deputy CEO role at Georgia Capital, until a permanent appointment is made later in the year. Effective from 28 January 2019, Archil Gachechiladze has resigned as the CEO of the Water Utility and Renewable Energy businesses in order to join Bank of Georgia Group PLC as their CEO.