Investor Presentation

ALDAGI Insurance Companies by GPW GEORGIAN INSURANCE MARKET Total Insurance Market by Gross Premium Written (GPW) GEL min Other 22.8% Y2012 Aldagi 30.3% 119 IC Group 9.1% 515 360 361 321 272 Y-o-Y GROWTH 61% 2007 2008 2009 2010 2011 2012 Irao Archimedes 13.0% 9.5% GPI Holding 15.3% Source: NBG - National Bank of Georgia 14 insurance companies on the market 5 largest insurance companies hold more than 77% of the market Foreign investors have strong presence on the Georgian insurance market; Vienna Insurance Group holding 100% of GPIH and Irao * Chartis branch exiting by year end 5

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