Georgia Capital PLC (the "Company" or "Georgia Capital") announced an important development in its corporate governance. Irakli Gilauri has proposed to the Board that, upon the completion of his current employment contract as Chairman and CEO in May 2023, the roles of Chairman and CEO should be separated, and that he would step down as CEO and continue as Board Chairman. Mr. Gilauri made this proposal as he considers that this move is in the best interests of the Company - enabling it to continue to take advantage of his strategic guidance in the investment process while at the same time advancing the succession planning of the organisation by elevating Nikoloz (Nick) Gamkrelidze, currently Deputy CEO of Georgia Capital, to the role of Chief Executive Officer.

Accordingly, with the expiration of Mr. Gilauri's contract, the Board intends to appoint Mr. Gamkrelidze as CEO and elect Mr. Gilauri to continue in the role of Non-Executive Chairman - a role in which he will continue to be actively involved in key strategic decision-making, and investment considerations.