London, 5 June 2026

Disposal of the housing development business

Georgia Capital PLC (the "Company" or "GCAP") announces the sale of its housing development business, m², one of the leading residential real estate developers in Georgia, to local investors. The transaction is in line with GCAP's capital-light investment strategy and represents further progress towards the Company's strategic priority of divesting businesses in the other portfolio companies portfolio.

The transaction has an immaterial positive impact on GCAP's last reported NAV as of 31 March 2026. As a result of GCAP's reduced risk profile following the completion of this transaction, GCAP will reduce its liquidity buffer target to US$ 25 million. This translates into a 0.8 percentage point improvement in the pro-forma 31 March 2026 NCC ratio, bringing it to 3.1%. The outstanding US$ 25 million bond relating to the housing business will be repaid from the transaction sale proceeds on or before its maturity date in August 2026.

Irakli Gilauri, Georgia Capital Chairman and CEO commented: "Over the last decade the business has established itself as one of the leading residential real estate platforms in Georgia, delivering high-quality developments and comfortable housing to customers. Georgia's continued economic growth is increasingly supporting the emergence of meaningful local pools of capital, and I am particularly pleased to see the growing participation from domestic investors in corporate transactions, in addition to ongoing international interest."

Name of authorised official of issuer responsible for making notification: Anano Akhobadze, Head of Investor Relations and Funding

About Georgia Capital PLC

Georgia Capital (LEI: 213800Q65T5GNBOW7H65) is a platform for buying, building and developing businesses in Georgia with holdings in sectors that are expected to benefit from the continued growth and further diversification of the Georgian economy. The Company's focus is typically on larger-scale investment opportunities in Georgia, which have the potential to reach at least GEL 300 million equity value over 3-5 years from the initial investment and to monetise them through exits, as investments mature. Georgia Capital currently has the following portfolio businesses: (i) a retail (pharmacy) business, (ii) a healthcare services business, and (iii) an insurance business (P&C and medical insurance). Georgia Capital also holds other small private businesses across different industries in Georgia and a 16.6% equity stake (as at 31-Mar-26) in LSE listed Lion Finance Group PLC ("Lion Finance Group" or "LFG"), formerly known as "Bank of Georgia Group PLC", the holding company of leading universal banks in Georgia and Armenia.

 For further information, please visit www.georgiacapital.ge or contact:

This news report is presented for general informational purposes only and should not be construed as an offer to sell or the solicitation of an offer to buy any securities.