TBC Bank Group Regulatory News (TBCG)

Changes to Board

TBC Bank Group PLC ("TBC PLC") announces the appointment of three new independent Non-Executive Directors: Eran Klein, Per Anders Fasth, and Thymios P. Kiriakopoulos to the TBC PLC Board with effect from 4 May 2021. Subject to the National Bank of Georgia's approval, in line with the mirror boards structure, TBC PLC intends to appoint them to the Supervisory Board of its main subsidiary JSC TBC Bank ("the Bank") as well.

Following collective discussions, TBC PLC Board is pleased to announce that it has voted unanimously for the election of these new independent Non-Executive Directors. Consequently, Nikoloz Enukidze, Nicholas Dominic Haag, and Eric J. Rajendra have conclusively agreed not to stand for re-election at the forthcoming AGM. TBC PLC Board thanks Messrs. Enukidze, Haag, and Rajendra for their extensive contribution to the growth of TBC into the largest bank in Georgia and welcomes the new members of the Board.

TBC PLC Board believes that the appointed new Non-Executive Directors' significant and wide-ranging experience will bring further valuable skills and balance to the TBC PLC Board.

Eran Klein is an experienced international senior banker and lawyer who held senior roles over decades in leading financial institutions such as Commerzbank, Citibank, ING Financial Markets and Deutsche Bank across both developed and emerging markets. He has accumulated valuable knowledge in capital markets, SME, retail lending, corporate governance, liquidity, and balance sheet management, as well as risk management and strategy implementation. Currently, he serves as a non-executive director and risk committee chair at Privatbank, the largest bank in Ukraine.

Per Anders Fasth is an independent non-executive director with a proven track-record as an executive. Mr. Fasth has been senior executive for 20 years - at the leading North-European Bank SEB and as CEO of SBAB Bank - as well as top-tier consultant for 10 years at McKinsey and QVARTZ (now Bain & Company). He is currently the chairman of FundedByMe, a listed Fin-tech equity crowd-funding company. He is also a board member and chairman of risk and audit committee at Skandiabanken AB. From 2017 to 2019 he was a board member and member of the risk, audit, remuneration, strategy, nomination and ethics committees of Piraeus Bank S.A., a listed leading Greek Bank.

Thymios P. Kyriakopoulos is an internationally experienced banking executive specializing in the areas of risk management and transformation, financial engineering and portfolio management. He serves on the board of the Hellenic Corporation of Assets and Participations, the Greek sovereign wealth fund, and is a chairman of the investment and risk committee. From 2017-2020, he served as executive general manager, chief risk officer of Piraeus Bank S.A, a listed leading Greek Bank. Prior to that he was a managing director in the fixed income currencies and commodities division of Goldman Sachs.

There are no further matters in respect of Messrs. Klein, Fasth, and Kyriakopoulos requiring disclosure under LR 9.6.13 R.

For further enquiries, please contact:

Director of International Media and Investor Relations

Zoltan Szalai

Or

Head of Investor Relations

Anna Romelashvili

ir@tbcbank.com.ge

About TBC Bank Group PLC ("TBC PLC")

TBC Bank Group PLC ("TBC PLC") is a public limited company registered in England and Wales. TBC PLC is the parent company of JSC TBC Bank ("TBC Bank") and a group of companies that principally operate in Georgia in the financial sector and other closely related fields. TBC PLC also recently expanded its operations in Uzbekistan. TBC PLC is listed on the London Stock Exchange under the symbol TBCG. It is also a member of the FTSE4Good Index Series and the MSCI United Kingdom Small Cap Index.

TBC Bank, together with its subsidiaries, is a leading universal banking group in Georgia, with a total market share of 39.0% of loans and 37.2% of non-banking deposits as of 31 December 2020, according to data published by the National Bank of Georgia.