TBC Bank Group Regulatory News (TBCG)

TBC Bank acts as underwriter of EBRD Eurobond issue

TBC Bank Group PLC ("TBC PLC") announces that its subsidiary JSC TBC Bank ("TBC Bank") has acted as lead manager and underwriter for European Bank for Reconstruction and Development ("EBRD") GEL 120 million (EUR 41.5 million) Eurobond issue under EBRD's Global Medium Term Note Programme. The bonds are to be listed on the London Stock Exchange.

"We are delighted to have completed another successful transaction with EBRD. Issuance of GEL denominated Eurobonds under the EBRD GMTN programme, that will be listed on the London Stock Exchange is an important achievement for the Georgian financial sector. This will further support the liquidity of the local currency and attract international investors to the local market" - commented Vakhtang Butskhrikidze, Chief Executive Officer of TBC Bank

This is a second tranche of the total GEL 240 million bond issued by EBRD to further support the diversification of local currency financial instruments. Similarly to the last year's transaction, this issuance is denominated and settled in Georgian Lari through the linkage between Clearstream and the Georgian domestic market and hence helps GEL to further strengthen its role as a settlement currency in the international central securities depository system. This issuance is also expected to encourage a broader interest of international investors in the Georgian capital market.

The bonds are issued with a final maturity of five years and its coupons are linked to a three-month Certificates of Deposit issued by the National Bank of Georgia ("NBG"). It is expected that the Notes will be eligible for the repurchase operations carried out by the NBG.

For further enquiries, please contact:

Head of Investor Relations

Anna Romelashvili

ir@tbcbank.com.ge

About TBC Bank Group PLC ("TBC PLC")

TBC PLC is a public limited company registered in England and Wales that was incorporated in February 2016. TBC PLC became the parent company of JSC TBC Bank ("TBC Bank") on 10 August 2016. TBC PLC is listed on the London Stock Exchange under the symbol TBCG.

TBC Bank, together with its subsidiaries, is the leading universal banking group in Georgia, with a total market share of 37.8% of loans and 38.9% of non-banking deposits as at 31 March 2018, according to the data published by the National Bank of Georgia.