FY20 Results and Strategy Overview

NAV PER SHARE (GEL) MOVEMENT IN 4Q20 GEORGIA CAPITAL NAV PER SHARE CHANGE % 9.9% 18.9% 1.2% -0.5% -0.5% -1.8% 27.2% 27.2% NAV PER SHARE GROWTH • 27.2% growth in 4Q20 NAV per share (GEL) on the back of strong value creation across our resilient private portfolio and a 36.6% increase in BOG share price during the quarter 7.15 0.45 48.12 (0.19) (0.20) (0.68) 3.75 37.84 Externally valued NAV per share 30-Sep-20 BOG Large portfolio companies Investment stage portfolio companies Other portfolio Operating expenses companies Liquidity manag. / FX/ Other NAV per share 31-Dec-20 28 20

View entire presentation