CAPITAL CITY BANK GROUP INC

FORWARD

-LOOKING STATEMENTS

Forward-looking statements in this Press Release are based on current plans

and expectations that are subject to uncertainties and

risks, which could cause our future results to differ materially.

The words “may,” “could,” “should,”

“would,” “believe,”

“anticipate,” “estimate,” “expect,” “intend,” “plan,” “target,” “vision,”

“goal,” and similar expressions are intended to identify

forward-looking statements. The following factors, among others, could cause our actual

results to differ: our ability to successfully

manage credit risk, interest rate risk, liquidity risk, and other risks inherent

to our industry; the effects of changes in the level of

checking or savings account deposits and the competition for deposits on our

funding costs, net interest margin and ability to replace

maturing deposits and advances; legislative or regulatory changes; adverse

developments in the financial services industry generally;

inflation, interest rate, market and monetary fluctuations; uncertainty

in the pricing of residential mortgage loans that we sell, as well

as competition for the mortgage servicing rights related to these loans; interest rate

risk and price risk resulting from retaining

mortgage servicing rights and the effects of higher

interest rates on our loan origination volumes; changes in monetary and fiscal

policies of the U.S. Government; the cost and effects of cybersecurity

incidents or other failures, interruptions, or security breaches

of our systems or those of our customers or third-party providers; the effects

of fraud related to debit card products; the accuracy of

our financial statement estimates and assumptions; changes in accounting

principles, policies, practices or guidelines; the frequency

and magnitude of foreclosure of our loans; the effects of

our lack of a diversified loan portfolio; the strength of the local economies

in which we operate; our ability to declare and pay dividends; structural changes

in the markets for origination, sale and servicing of

residential mortgages; our ability to retain key personnel; the effects

of natural disasters (including hurricanes), widespread health

emergencies (including pandemics), military conflict,

terrorism, civil unrest or other geopolitical events; our ability to comply with

the extensive laws and regulations to which we are subject; the impact of the restatement

of our previously issued consolidated

statements of cash flows and any deficiencies in the processes undertaken to

effect such restatements; any inability to implement and

maintain effective internal control over financial reporting and/or

disclosure control or inability to remediate our existing material

weaknesses in our internal controls deemed ineffective; the willingness

of clients to accept third-party products and services rather

than our products and services; technological changes; the outcomes of

litigation or regulatory proceedings; negative publicity and

the impact on our reputation; changes in consumer spending and saving habits;

growth and profitability of our noninterest income;

the limited trading activity of our common stock; the concentration of ownership

of our common stock; anti-takeover provisions

under federal and state law as well as our Articles of Incorporation and our Bylaws; other

risks described from time to time in our

filings with the Securities and Exchange Commission; and our ability

to manage the risks involved in the foregoing. Additional

factors can be found in our Annual Report on Form 10-K for the fiscal year

ended December 31, 2023, as amended, and our other

filings with the SEC, which are available at the SEC’s

internet site (http://www.sec.gov).

Forward-looking statements in this Press

Release speak only as of the date of the Press Release, and we assume no obligation

to update forward-looking statements or the

reasons why actual results could differ,

except as may be required by law.