Number of bovine animals decreased by 4.9% in 1Q25

The digital bank serves domestic and international transfers, mainly in EUR/GEL/USD. Hash Bank accounts and cards (Hash Card) are multi-currency.The digital bank is represented by passive operating activities. Total liabilities are within 800,000 GEL.

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Specifically, 4.02% was acquired directly, and an additional 1% was acquired through financial instruments, including contracts for difference (CFDs) and a share lending facility.As a result, BlackRock’s holding in common voting shares was determined at 5.02%, which is equal to 2,827,737 shares.A contract for difference (CFD) is a financial instrument that allows an investor to benefit from fluctuations in the price of an asset, without actually owning the share. The investor enters into a contract to cover the difference in price based on the change in value.BlackRock is the world's largest asset management company, managing trillions of dollars of capital in global markets. The company plays a significant role as an institutional investor and a partner to large corporations.The transaction closed in London on May 12, 2025.

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In April, up to 40 million USD were transferred from the occupying country, and their share in total flows decreased to 13.5% (04/2024 – 17.6%; 04/2023 – 43%; 04/2022 – 43.2%) In total, 295.5 million USD entered the country, including $133 million from the EU countries.Investment bankers expect an increase in foreign exchange inflows. This is complemented by new business directions, the potential of which has increased after the recent challenges, including digital technologies, logistics.The expectation of maintaining the pace of cash inflows is supported by the EU candidate status, despite the fact that the GD government has suspended the integration process, and the population is experiencing a lack of Western education.According to the statistics of the National Bank of Georgia, the share of remittances from EU countries in transfers has increased annually by 14% to 45%. And from the US by 17% to 18.3%.

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According to the announcement made on 7 April 2025, Hanna Loikkanen will not stand for re-election at the Company's 2025 Annual General Meeting ("AGM"), in accordance with the Company's succession planning procedures and the UK Corporate Governance Code 2024, Mariam Megvinetukhutsesi, an independent Non-Executive Director of the Board of Directors of the Company, will succeed Hanna Loikkanen as the designated Non-Executive Director for workforce engagement, with effect from the conclusion of the Company's 2025 AGM.Loikkanen will also step down from the Board of Directors, as well as from the position of Senior Independent Non-Executive Director and the positions of membership of the Audit, Remuneration and Nomination Committees, immediately following the conclusion of the 2025 AGM."On behalf of the Board, I would like to thank Hanna for her considerable commitment and substantial contribution to the Board and the Group over the years, particularly in her role as Senior Independent Non-Executive Director. She leaves with our gratitude and I wish Hanna the best in her future endeavours”, - Mel Carvill, Lion Finance Group PLC's Chair, commented.

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According to the National Bank of Georgia statistics, transfers in April amounted to 295.5 million. Analysts expect an increase in transfers and foreign exchange inflows during the tourist season.Transfers from Georgia increased by 3% (Y.Y). Up to $32 million was transferred in the reporting month.

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For the reporting period, the bank's borrowers are up to 1.620 million citizens of the country. The customer base is narrowing. The growth rate is slowing down. Since the same period last year (01.05.024), the number of borrowers has not increased by even 30,000. According to the latest regulations, the category of those with incomes of up to 1,500 - 2,000 GEL has less access to loans. By 01.05.2023, it was more, exceeding 1, 620 million.As you know, up to 10 million GEL of loans are processed in the Creditinfo database. Of the loans issued by the bank, as of 01.05.2025, more than 147,400 loans from 83,000 borrowers are overdue for up to 3 years. The total balance is 1.7 billion GEL. As of 01.05.2024, the debt was less - 1.4 billion GEL. The number of problem borrowers is higher, up to 100,000 (up to 160,000 individual loans).In total, in the Creditinfo database, there are up to 2 million (1,994,818) records of active borrowers (MFOs, Loan Issuing Entities, Microbanks...). (L/m – 1,994,077).Banks' investments account for 93.75% (₾63 billion) of the total portfolio (up to 67.2 billion GEL).The ratio has increased (01.05.2024 – 91.5%).

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These companies are: “Jiveli”, “Vila Mosavali”, “Teliani Valley”, “Vazisubanis Mamuli”, “Chelti Winery”, “Kakhetian Traditional Winery”, “Dugladzes Wine Company”, “Tiko Estate” and “Shumi Winery”.In order to increase the export potential of Georgian wine and diversify priority export markets, the Government of Georgia approved the “State Program for Promoting the Popularization of Georgian Wine” in September 2021.The program is implemented by the LEPL National Wine Agency in coordination with the Ministry of Environmental Protection and Agriculture of Georgia.The agency notes that the National Wine Agency co-finances marketing expenses only for companies that export to priority markets in various countries of the world (except for the CIS and GUAM countries).According to the terms of the program, the aforementioned companies, as a result of targeted marketing activities, increased their export volume to the American, European and Asian markets in 2024 compared to 2023.According to the National Wine Agency, five companies received co-financing under the program last year, with a total amount of 243,281.28 GEL.

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As part of the visit, a series of meetings with international investors (a non-deal roadshow) was held in London, initiated by the Ministry of Finance of Georgia and organized by the investment banks JP Morgan and ICBC.In addition, the Georgian delegation was invited to participate in a Georgia-focused panel organized by Bank of America.During these events, the Minister of Finance provided investors with information on the country’s economic situation, presenting macro-fiscal parameters and medium-term forecasts. The meetings highlighted Georgia’s strong economic growth in the post-pandemic period.“The Government of Georgia places profound emphasis on fiscal discipline, which, in the context of managing the crises of the pandemic and post-pandemic periods and the current geopolitical developments, is a key pillar for ensuring high economic growth. Thanks to this fiscal discipline, today Georgia’s fiscal indicators—such as debt and deficit—have returned to safe levels, which allows us to actively continue financing major infrastructure projects and implementing structural reforms to enhance the country’s attractiveness to investors,” stated the Minister of Finance of Georgia.Representing Georgia at the events were H.E. Lasha Khutsishvili, Minister of Finance of Georgia; Natia Turnava, Governor of the National Bank of Georgia; Ekaterine Guntsadze, Deputy Minister of Finance of Georgia as well as other representatives of MOF and NBG.

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