FY20 Results and Strategy Overview

ENHANCED STRATEGY IS TO INVEST IN LARGE OPPORTUNITIES GCAP invests in Georgia in large opportunities, which have a potential to become GEL 0.5bln+ in equity value. GCAP develops and grows portfolio companies to equity. value of GEL 0.5bln+ and realizes proceeds through exit, as investments mature. LARGE SIZE WILL PROVIDE LIQUIDITY AND AS SUCH IMPROVED EXIT OPPORTUNITIES AND ABILITY FOR GCAP TO REDUCE THE NAV DISCOUNT INVEST IN GEORGIA IN LARGE OPPORTUNITIES MONETISE GEORGIA CAPITAL B GROW BUSINESSES TO EQUITY VALUE OF GEL 0.5BLN+ 18

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