Company Announcements

London, 20 September 2024

Bank of Georgia Group PLC announces Board Changes

Bank of Georgia Group PLC (the "Company" or the "Group") announces that Ms Maria Gordon has been appointed to the Board of Directors as an independent Non-Executive Director with effect from 20 September 2024.

The appointment of Ms Gordon follows a comprehensive, independent recruitment process led by the Nomination Committee and supported by an executive search firm.

Ms Gordon has also been appointed as a member of the Remuneration Committee, as a member of the Audit Committee, as a member of the Nomination Committee and, subject to regulatory approval, will join the Supervisory Board of JSC Bank of Georgia.

Mel Carvill, Bank of Georgia Group PLC's Chair, commented: "I am delighted to welcome Maria to the Board, and I look forward to working with her to continue creating long term value for our stakeholders. Maria brings diverse and relevant global and regional experience in financial services and as a non-executive director, and I believe her expertise and skills will be of great value to the Group and will complement the skills we currently have as a Board."

Biography

Maria Gordon has strong governance experience, having served as chair, director and committee member of various public companies. Ms Gordon currently serves as Non-Executive Chair of the Board of Capricorn Energy PLC, which is listed on the London Stock Exchange, and as Non-Executive Chair of Constellation Oil Services. She has two decades of direct investment experience in senior roles, including as Head of Emerging Markets Equity Strategy at Goldman Sachs and PIMCO, and she brings considerable expertise in portfolio management and equity and debt capital markets, including in emerging markets. In the past five years, Ms Gordon has served as non-executive chair of Detsky Mir Group and independent non-executive director of Evraz Plc, TCS Group Holding PLC, Polyus PJCS, Moscow Stock Exchange and ALROSA.

There are no other details that are required to be disclosed under UK Listing Rule 6.4.8.

 
For further information, please contact: Computershare Company Secretarial Services Limited, +44 (0) 781 250 9450

Name of authorised official of issuer responsible for making notification: Computershare Company Secretarial Services Limited, Company Secretary

About Bank of Georgia Group PLC

Bank of Georgia Group PLC (LSE: BGEO LN) is a FTSE 250 holding company whose subsidiaries provide banking and financial services focused in the high-growth Georgian and Armenian markets through leading, customer-centric, universal banks - Bank of Georgia in Georgia and Ameriabank in Armenia. By building on our competitive strengths, we are committed to driving business growth, sustaining high profitability, and generating strong returns, while creating opportunities for our stakeholders and making a positive contribution in the communities where we operate.

Legal Entity Identifier: 213800XKDG12NQG8VC53

For further information, please visit www.bankofgeorgiagroup.com 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