Buyout of the minority shareholder in Renewable Energy

Georgia Capital PLC (the "Group" or "Georgia Capital") announces the buyout of the 34.4% minority shareholder, RP Global, in Georgian Renewable Power Company (“GRPC”). As part of the buyout, Georgia Capital will pay a fixed cash consideration of US$ 13.8 million, of which US$ 11.8 million represents total equity contributions received from RP Global, as well as an additional consideration for RP Global’s technical assistance during the last six years. An additional deferred adjustable consideration of up to US$ 4.5 million may be payable if actual market electricity sales prices are higher during 2023-2025 than the Group’s current internal forecasts.