TBC Bank Group Regulatory News (TBCG)

EBRD Agrees Subordinated Loan Facility with TBC Bank

TBC Bank Group PLC ("TBC PLC") announces that its subsidiary, JSC TBC Bank ("TBC Bank"), has signed a subordinated loan agreement in the amount of USD 30 million with the European Bank for Reconstruction and Development ("EBRD"). The funding provided by the EBRD will strengthen TBC's capital structure and support the bank's sustainable growth. The loan facility bears a maturity of ten years and qualifies as Tier II capital under the Basel 3 framework. Within this transaction, TBC also becomes the first partner bank for EBRD in the Caucasus region to commit to developing the Paris Alignment transition plan and starting multi-year cooperation with EBRD on the Paris Alignment.

Alkis Vryenios Drakinos, EBRD Regional Director for the Caucasus, said: "The EBRD is committed to supporting its long-standing partner, TBC Bank, in embarking on a transformational journey to develop and implement a plan, which will advance its climate business practices in line with the best international standards.''

Vakhtang Butskhrikidze, CEO of JSC TBC Bank, said: "I am delighted that our strategic partnership with the EBRD continues with another excellent transaction. This subordinated loan facility will strengthen TBC's capital structure and increase the Bank's long-term resilience. I am also particularly proud that TBC is the first EBRD partner bank in the region to develop Paris Alignment transition plan and commit to progressively align TBC's business practices with the Paris Agreement goals. I would like to thank the EBRD for its continued support and look forward to working with them on many more successful deals in the future".

About the EBRD

The EBRD is a leading institutional investor in Georgia. Since the start of its operations there, it has invested more than ?5 billion in 288 projects in the financial, corporate, infrastructure and energy sectors, with 81 per cent of these investments in the private sector.

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Director of International Media and Investor Relations

Andrew Keeley

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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. TBC PLC also offers non-financial services via TNET, the largest digital ecosystem in Georgia. Since 2019, TBC PLC has expanded its operations into Uzbekistan by operating fast growing retail digital financial services in the country. TBC PLC is listed on the London Stock Exchange under the symbol TBCG and is a constituent of the FTSE 250 Index. 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 39.1% of customer loans and 37.5% of customer deposits as of 30 September 2023, according to data published by the National Bank of Georgia on the analytical tool Tableau.