Investor Presentaiton

Private large portfolio companies EXTERNALLY VALUED P&C INSURANCE BUSINESS OVERVIEW Financial Highlights COMBINED RATIO 3Q21 9M21 -0.6ppts -5.4ppts -0.8ppts 85.6% Earned premiums gross 32.8m 90.0 82.1% 81.5% 80.2% 82.1% 81.3% 77.5% 73.9% 72.6% 75.2% 75.4% Change (y-o-y) +15.2% +19.7% Cash flow from operations 7.6m 16.6m 41.6% 44.0% 35.6% 42.8% 35.4% 40.0% 38.2% Change (y-o-y) +7.6% -1.8% 38.3% 34.7% 37.2% 35.2% 37.3% 40.6% 37.6% 38.8% 31.8% 37.2% ---------- 46.8% 48.4% ---------- 44.9% 49.1% 32.2% GEORGIA CAPITAL Operating Metrics 3Q21 9M21 2014 2015 2016 2017 2018 Expense Ratio 2019 2020 Loss Ratio 3Q20 - Combined Ratio 3Q21 9M20 9M21 Number of policies written (corporate) 24,597 68,159 Change (y-o-y) +22.1% +8.3% PROFIT & DIVIDEND PAYOUT RATIO (GEL million) Number of policies written (retail) 35,054 111,227 ROAE 28% 37% 37% 38% 34% 30% 25% 22% 24% 24% 23% Change (y-o-y) -8.9% +25.9% Number of claims reported 6,037 15,025 CAGR 15% 18 18 +8.8% 16 17 Change (y-o-y) +41.9% +38.9% Renewal rate (corporate) 64% 11 14 +22.2% 13.1 12.0 78.2% 86.4% 68% 61% 7 51% 55% Change (y-o-y) -3.3ppts +0.7ppts 3.9 4.7 Renewal rate (retail) 70.4% 73.5% 1 Change (y-o-y) +8.2ppts +11.1ppts 2014 2015 2016 2017 2018 2019 2020 3Q20 3Q21 9M20 9M21 Profit Dividend Payout Ratio Georgia Capital PLC | 1. Adjusted for non-recurring items. 63 3

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