London, 10 June 2026

S&P upgrades credit rating of Georgia Capital

Georgia Capital PLC (the "Company" or "GCAP") announces today that S&P Global Ratings ("S&P") has upgraded the Company's credit rating to BB (Stable) from BB- (Positive), following the outlook upgrade from Stable to Positive in August 2025. The Company's credit rating is now aligned with the sovereign credit rating of Georgia.

The rating upgrade reflects S&P's recognition of Georgia Capital's balanced financial policy, underpinned by continued deleveraging and sustained shareholder returns. The detailed rating announcement is available on S&P's website.

Irakli Gilauri, Chairman and CEO commented: "We are pleased to see our strong operating performance recognised through this rating upgrade. We believe that continued disciplined execution of our strategic priorities, together with Georgia's resilient economic growth, will continue to support the rating over time."

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.