Bond redemption and extension of buyback programme

About this update from Georgia Capital Plc

London, 29 June 2026   GCAP to fully redeem its outstanding local bonds and extend ongoing buyback programme   Georgia Capital PLC ("GCAP" or the "Company") announces that its Board of Directors has approved the early redemption in full of the US$ 50 million sustainability-linked local bonds of its Georgian holding company, JSC Georgia Capital ("JSC GCAP"), by exercising JSC GCAP's call option. Settlement is expected in the second half of August 2026, following which GCAP will have fully repaid its outstanding holding company debt.   The Company also announces an extension to its current US$ 50 million share buyback and cancellation programme (of which US$ 10 million is remaining) by an additional US$ 10 million, which will be put in place immediately.   Together, these transactions will fully complete GCAP's GEL 700 million capital return programme significantly ahead of schedule, representing one of the largest capital return initiatives undertaken by the Company. The capital return programme will be completed through a combination of US$ 150 million bond redemptions and a US$ 110 million share buyback and cancellation programme. Originally announced in August 2025, the programme was initially scheduled to be completed by the end of 2027.                                                                                                                                 Irakli Gilauri, Chairman and CEO, commented: "I am pleased to see GCAP once again demonstrating its disciplined approach to capital allocation. With a further strengthened balance sheet, we remain firmly focused on the execution of our strategic priorities and on delivering sustainable long-term value for our shareholders. I am delighted that we have ...

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