Update on water utility business ownership

Georgia Capital PLC (the “Group” or “Georgia Capital”) announces that the Group’s water utility business, owned through Georgian Global Utilities (the “Company” or “GGU”), has now completely fulfilled its investment obligations following its privatisation in 2008 and on 15 April 2019 signed a privatisation exit agreement with the Government of Georgia, National Agency of State Property and Government of Tbilisi City, whereby unconditional ownership title over its shareholdings and assets has been confirmed. GGU privatised water utility business back in 2008 with certain privatisation/investment obligations, that have been successfully performed and discharged. By exiting the privatisation agreement, the Company is released from all contractual obligations thereunder.