Digomi project update

Georgia Capital PLC (the "Group" or "Georgia Capital") announces that the Group’s housing development business (the “Housing Development”) has started apartment pre-sales for the second stage of its largest  in-house residential project, Digomi. The project is being developed in three stages, where the second stage will add 47,167 sq.m. with US$ 53 million sales value to the Housing Development’s inventory. The construction works for stage one commenced in July 2019 and 15,942 sq.m. with US$ 17 million value has already been sold out of total 22,000 sq.m. sellable area. The pre-sales for the remaining third stage, the largest phase of the project, is expected to kick in from 4Q20. The construction and development of Digomi project, which will add in aggregate 168,000 sq.m. residential and 84,000 sq.m. commercial spaces, will be completed by the end of 2023.