Georgia Capital Regulatory News (CGEO)

London, 6 January 2022

Not for release, publication or distribution, in whole or in part, in or into any jurisdiction where to do so would constitute a violation of the relevant laws of such jurisdiction.

GEORGIA CAPITAL PLC

Publication of Shareholder Circular and Notice of General Meeting

Further to the announcement by Georgia Capital PLC ("GCAP") on 31 December 2021 of the proposed disposal by its wholly-owned subsidiary JSC Georgia Capital (" JSC GCAP") of an initial 80% of its equity interest in its water utility business to FCC Aqualia, GCAP is pleased to announce the publication of the shareholder circular in relation to the proposed disposal, the put and call options granted to JSC GCAP and Aqualia respectively and respective break fees (the "Circular").

GCAP shareholders (other than those who have elected for notification by electronic communication) will shortly receive a copy of the Circular. The Circular contains a notice convening a general meeting of the company to be held at 100 New Bridge Street, London, EC4V 6JA on 31 January 2022 at 11:00 a.m. to allow GCAP shareholders to vote on the resolutions required to approve the proposed disposal and other related matters. The latest time and date for receipt of Form of Proxy, CREST Proxy Instructions and electronic registration of proxy appointment is 11.00 a.m. on 27 January 2022.

Copies of the Circular will be available on GCAP's website at https://georgiacapital.ge/ir/shareholder-meetings.

Enquiries

GCAP ir@gcap.ge

Irakli Gilauri, Chairman & CEO

Giorgi Alpaidze, CFO

Michael Oliver, Adviser to the Chairman & CEO

Numis Securities Limited 0207 260 1000

Hugh Jonathan

Nathan Brown

Vicki Paine

Name of authorised official of issuer responsible for making notification: Giorgi Alpaidze, Chief Financial Officer.

Cautionary statement

This announcement is not intended to, and does not constitute or form part of, any offer or invitation to purchase, acquire, subscribe for, sell, dispose of or issue, or any solicitation of any offer to sell, dispose of, purchase, acquire or subscribe for, any security or a solicitation of any vote or approval, in any jurisdiction. GCAP's shareholders are advised to read carefully the formal documentation in relation to the disposal once it has been despatched. Any response to the disposal should be made only on the basis of the information in the formal documentation published today. The release, publication or distribution of this announcement in jurisdictions other than the United Kingdom may be restricted by law and, therefore, any persons who are subject to the laws of any jurisdiction other than the United Kingdom should inform themselves about, and observe, any applicable requirements. Any failure to comply with these requirements or restrictions may constitute a violation of the securities laws or regulations of any such jurisdiction. This announcement has been prepared for the purposes of complying with English law and the UK Listing Rules and the information disclosed may not be the same as that which would have been disclosed if this announcement had been prepared in accordance with the laws and regulations of any jurisdiction outside of England.

Important notice related to financial advisers

Numis Securities Limited (Numis), which is authorised and regulated in the United Kingdom by the FCA, is acting as Sponsor and Financial Adviser exclusively for GCAP and no one else in connection with the matters set out in this announcement and neither Numis nor any of its affiliates will regard any other person as its client in relation to the matters in this announcement and neither Numis nor any of its affiliates will be responsible to anyone other than GCAP for providing the protections afforded to clients of Numis, nor for providing advice in relation to any matter referred to herein.

Publication on website and availability of hard copies

If you are in any doubt about the contents of this announcement or the action you should take you are recommended to seek your own independent financial advice immediately from your stockbroker, bank manager, solicitor, accountant or independent financial adviser duly authorised under the Financial Services and Markets Act 2000 (as amended) if you are resident in the United Kingdom or, if not, from another appropriately authorised independent financial adviser.

LEI Number: 213800Q65T5GNBOW7H65

About Georgia Capital PLC

Georgia Capital 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 Group's focus is typically on larger-scale investment opportunities in Georgia, which have the potential to reach at least GEL 0.5 billion 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 healthcare services business; (ii) a water utility business; (iii) a retail (pharmacy) business, (iv) an insurance business (P&C and medical insurance); (v) a renewable energy business (hydro and wind assets) and (vi) an education business; Georgia Capital also holds other small private businesses across different industries in Georgia and a 19.9% equity stake in LSE premium-listed Bank of Georgia Group PLC ("BoG"), a leading universal bank in Georgia.

 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