TBC BankApril 2016

8,416

6,714

1,637 1,588

1,207 1,200 1,176

794 688

279

5,153

4,620

1,224

713 777 921 853

462 487

110

BOG TBC Republic Liberty Bank VTB Procredit Cartu BasisBank KOR Standard Pasha Bank

Top-10 largest banks by total assets in Georgia, as at 31 December 2015 (GEL mn)*

Georgian banking sector overview

2

1.126.7 4.7 3.2 2.733.4 0.728.7 6.5 7.6 6.3 4.4 5.3 2.9 3.032.0

Total assets (GEL mn) Total loans (gross, GEL mn) Market share by total assets (%) ** Market share by total loans (gross, %) **

Domestic Domestic Domestic ForeignDomestic Foreign Foreign

4.8 4.8

Foreign

4.8 5.7

ForeignForeign

Top 4 domestically-controlledbanks* (72%)

Strategic investor-controlledbanks** (19%)

Other banks (9%)

Market share by total assets as at 31 December 2015 (%)

Source: Company information, NBG(*) Includes TBC (with Constanta), BoGeorgia, Liberty Bank and Cartu Bank; (**) Includes ProCredit Bank, VTB, PrivatBank, BTA, Bank Republic, Halyk Bank and International Bank of Azerbaijan

Banking sector landscape>

23 32 47 52 51 61 74 57 59 41 36

41 54

35 59

61 80 75

Deposits / GDP (%) Loans / GDP (%)

Loan to GDP and deposits to GDP – 2015>

Equity to assets – 2015>

Source: EIU Estimates

9.7 10.4 10.7 11.1 11.3 12.0 13.0 14.0

18.7

Equity / assets (%)

Source: EIU Estimates1.Ukraine data as of 1 Dec 2015; 2. Kazakhstan data as of 1 Dec 2015; 3. Poland data as of 30 Nov 2015; 4.Russia data as of 31 Oct 2015; 5. Bulgaria data as of 30 Sep 2015

Source: NBG(*) As at 31 December 2015, under NBG standard disclosure(**) As at 31 December 2015, under NBG standard disclosure

TBC Bank at a glance

BB- / Stable (FC Long Term IDR)

B (FC Short Term IDR)

B1 / Stable (Bank Deposits – Fgn Curr)

Ba3 (Bank Deposits – Dom Curr)

Ratings(affirmed on 28 May 2015)

(affirmed on 2 October 2015)

Financial highlights (consolidated figures)*>Key facts>

Market position: A leader in the Georgian banking market

₋ #1 bank by retail deposits and top 2 bank across other key segments

₋ Awarded "Best Bank in Georgia" for 12 of the last 14 years* (22 awards in total)

Customer base: Strong operations across all the major market segments in Georgia

₋ More than 1.6 million customers in retail, SME, micro-finance and corporate segments

Distribution: c.5,300 employees across the entire distribution network

₋ 135 branches (including TBC Kredit branches)

₋ 358 ATMs (over 500 including partner banks)

₋ 8,800 POS terminals (8,490 contactless) & 2,395 Cash-in terminals

Operations: banking in Georgia and

₋ Non-banking subsidiaries in Georgia in brokerage and leasing segments, card processing and cash-in terminal services

₋ Subsidiaries in Azerbaijan (TBC Kredit) and Israel (TBC Invest)

Note: Market position, number of customers as at 31 December 2015, distribution network related figures as at 31 December 2015;(*) The Banker Awards (2002, 2003, 2004, 2005, 2010, 2011, 2014), Euromoney (2011, 2012, 2014,2015), Global Finance magazine (2004, 2006, 2007, 2012, 2013, 2014, 2015), EMEA Finance (2011,2012,2013,2014).

GEL mn USD mn

Total assets 6,935 2,896

Customer loans (gross) 4,639 1,937

Customer deposits 4,178 1,745

Shareholders' equity 1,218 509

Key figures*

(31 Dec 2015)

ROE 20.1%

Cost-income ratio 43.9%

NPL ratio** 4.8%

Key ratios

(31 Dec 2015)

Net L/D+IFI funds ratio 95%

Tier 1 ratio (BIS) 25%

(*) Exchange rate used: USD/GEL 2.3949 as at 31 December 2015 , (**) per updated methodology

Current shareholding structure (Dec 2015)>

3

EBRD 12.4%

IFC 6.2%

FMO 4.4%

Founders22.2%

Top Management

3.3%

Middle Management

0.4%

Other 3.5%

Institutional and retail Investors

47.6%

LSE Listed 70.6%

4

How we are different

Strongest brand 2

Highest customer experience 3

TBC distribution

platform

POS Terminals

8,800

Cash-in Terminals

2,395

Branches

135

IB&MB

c.213,000active users

MB

c.109,000 active users

ATMs

358

Call-Centre

c. 200

Best in class multichannel platform 4

TBC has been named “Best bank in Georgia”:

8 times 7 times 4 times 4 times

Highest number of such awards of any bank in Georgia

Most innovative branches 4.1.

In 2014, TBC Bank hired Allan International for further developing the bankbranch design concept, and two new concept branches have been alreadyopened in December 2015

In 2015 the Bank renovated its VIP service area offering a whole newexperience to its VIP customers

The Best Private Bank in Georgia 2014, 2015The Banker and The Personal Wealth Management Magazine

(*) Source: ACT research; CSAT score conducted in December 2015

Business model focused on core banking activities in Georgia1

Franchise focus (total assets)

Banking/lending activities (99.5%)

Other activites* (0.5%)

FY 2015 TBC remains focused on pure banking model

in Georgia

TBC’s banking/lending activities account for99.5% of total assets and 99.9% of totalassets are concentrated in Georgia

Source: Company IFRS reports, (*) For TBC non-banking / non-lending activities include MALI LLC Real Estate Management Fund, TBC Invest, TBC Broker, TBC Pay, UFC and BSSC

TBC

CSAT score:81.2% CSAT* (Customer Satisfaction Score) and NPS

(Net Promoter Score) studies show that theBank has the highest scores in bankingindustry in this area

The Bank continues to leverage from thehighest customer experience andcontinuously benchmarks its score tointernational and local banks

5

97.8 124.3

158.5

218.7

2012 2013 2014 2015

3,900 4,451

5,423

6,935

2,537 2,959

3,706

4,639

2,487 2,887

3,322 4,178

2012 2013 2014 2015

(*) CAGR over the period 2012-31-December – 2015-31 December

Robust business volume growth rates…>

Net Loans/ Deposits + IFIs(%)

84 98 95

Total assets Customer depositsGross Loans

Consistent track-record both in terms of business volumes as well as profitability

…and growing exposure to retail segment>

Source: Consolidated IFRS figures

954 1,208

1,667

2,020

1,398 1,611

1,977

2,470

2012 2013 2014 2015

Retail Loans Retail Deposits

Gross loans to and deposits of retail segment (GEL mn)

Maintaining high margins while controlling asset quality>

High profitability levels>

Net income (GEL mn)

37.6 40.8 45.056.2 55.8 59.5

Proportionof total loan / deposit portfolio (%)

Total assets, total gross loans and total deposits (GEL mn)

(CAGR* 21.2%) (CAGR* 22.3%) (CAGR* 18.9%)

89

43.5 59.1

7.7 8.4 8.5 7.8

2012 2013 2014 2015

Net interest margin (as % of average interest earning assets)

1.0% 1.7%Cost of risk(%)

1.3% 1.6%

. ROE (%) . ROA (%)

18.4 3.318.718.7 3.12.7 20.1 3.4

Strong track record of growth and profitability

6

(1) 12-month growth as of YE 2015, on TBC consolidated IFRS basis(2) TBC consolidated IFRS basis (YE 2015)(3) Cost income ratio calculated as ratio of operating expenses to operating income (excl. loan impairment expense); TBC consolidated IFRS basis (YE 2015)(4) Based on the relevant Basel II/III methodology prevailing at current time; subject to capital targets and dividend payouts (YE 2015)(5) Dividends under "Current performance" shows TBC Bank payout ratio in 2015 based on 2014 performance; under "Mid-term targets" – on TBC consolidated IFRS basis; dividend target was approved on shareholder meeting in May 2015

Mission We create new opportunities for the success of people and businesses

Competitive strengths

Strong brand

Superior customer experience

Innovative multi-channel facilities

Mid-term performanceaspirations

Loan book growth (gross)1 25.2% p.a. c.20% p.a.

ROE2 20.1% 20%

Cost income ratio3 43.9% < 40%

Dividend payout ratio5 25% 25%

Current performance Mid-term targets

Highly professional workforce

Equity Tier I capital ratio4 (Basel II/III) 12.8% c.10.5%

Following the successful completion of the largest off-index international IPOfrom EMEA region on the LSE and the largest Georgian IPO from the country, TBCBank currently seeks the Premium Listing.

The Bank appointed Barclays Bank PLC as its Financial Advisor for the PremiumListing process, which is planned to be completed in the second half of 2016.

Mid-term vision

Upcoming Premium Listing transaction and Mid-term vision