TBCG Tbc Bank Group Plc

TIDMTBCG

RNS Number : 1834U

TBC Bank Group PLC

27 July 2020

Board Changes

TBC Bank Group PLC ("TBC PLC") is pleased to announce the appointment of Abhijit Akerkar as an Independent Non-Executive Director with immediate effect. In line with TBC's "Mirror Board" policy, Mr. Akerkar is also appointed as the member of the Supervisory Board of JSC TBC Bank.

Mr Akerkar is an influential thought leader in Artificial Intelligence in banking and has 25 years of cross-disciplinary global experience operating at a strategic level at the forefront of technology with Lloyds Banking Group, McKinsey and Company, and HCL Technologies.

At Lloyds Banking Group, he drove the safe scaling and integration of machine intelligence across Retail, Commercial, and Insurance businesses. He has been serving as an Expert Advisor to All Party Parliamentary Committee on Artificial Intelligence over the last three years. His thoughts on generating value from Artificial Intelligence have been published by leading institutes. Earlier at McKinsey & Co, he partnered with companies around the world at the board and executive levels to set strategy, unlock the power of data, and transform organisations. Previously, he built and grew tech-enabled businesses in Europe and Asia for HCL Technologies.

Nikoloz Enukidze, Chairman of the TBC PLC Board commented: "We are delighted to welcome Abhijit Akerkar to TBC. Abhijit brings digital and machine intelligence skills and a wide-range of global experience to the board that we believe will prove valuable for the future development of the group".

TBC PLC confirms that there are no additional details that are required to be disclosed under LR 9.6.13R of the Listing Rules of the Financial Conduct Authority.

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 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 and is a constituent of the FTSE 250 Index. It is also a member of FTSE4 G ood Index Series.

TBC Bank, together with its subsidiaries, is a leading universal banking group in Georgia, with a total market share of 39.4% of loans and 39.8% of non-banking deposits as of 31 March 2020, according to data published by the National Bank of Georgia.

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