3Q23 & 9M23 Performance Overview

AGGREGATED EBITDA DEVELOPMENT ACROSS PRIVATE PORTFOLIO AGGREGATED EBITDA UP 3.8% IN 3Q23 AND UP 4.2% Y-O-Y IN 9M23 3Q23 and 9M23 performance reflects a number of regulatory changes, particularly within the healthcare sector, which in the short-term have slowed the previously projected pace of post-COVID recovery. GEL MILLION 67 19 +3.8% 70 21 21 14 15 35 3Q22 185 +4.2% 193 36 30 41 44 34 111 3Q23 Other portfolio companies Investment stage portfolio companies ■Large portfolio companies Georgia Capital PLC | General note: EBITDA from the water utility business is excluded for the presentation purposes. Aggregated numbers are presented like-for-like basis. 9M22 116 9M23 Other portfolio companies Investment stage portfolio companies I Large portfolio companies GEORGIA CAPITAL 43 43

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