Georgia Capital exercises its option to put a 20% stake in the water utility business

Georgia Capital PLC ("GCAP" or the “Company”) announces today that its wholly owned subsidiary, JSC Georgia Capital ("JSC GCAP"), has exercised its option to put a 20% equity stake in Georgia Global Utilities JSC ("GGU"). In accordance with the terms of the shareholders’ agreement, the majority shareholder, Aqualia Georgia LLC ("Aqualia"), is to pay JSC GCAP a put option price of US$ 70.4 million, determined pursuant to the pre-agreed calculation mechanism. Completion of the transaction and receipt of the cash proceeds are expected by the end of July 2025. The use of proceeds, in line with GCAP’s 360-degree capital management framework, will be announced following the receipt of funds.