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Investor Presentaiton

MULTIPLE OF INVESTED CAPITAL (MOIC) | 31-DEC-2020 GEL million Gross Investment Sell down Dividends Fair Value MOIC Realized MOIC (1) (2) (3) (4) (2+3+4)/(1) (2+3)/(1) Listed Investments Bank of Georgia Group PLC 129 287 134 532 7.4x 3.3x 129 287 134 532 7.4x 3.3x Private large portfolio companies 615 131 147 1,858 3.5x 0.5x GHG1 390 131 4 1,189 3.4x 0.3x Water Utility 215 97 P&C Insurance 10 Private investment stage portfolio companies 201 Renewable Energy 145 1655 471 2.6x 0.5x 46 198 23.9x 4.5x 303 1.5x 210 1.5x Education 56 93 1.6x Other Total 589 260 215 0.8x 0.4x 1,534 418 546 2,908 2.5x 0.6x Georgia Capital PLC | 1. GHG comprises three businesses: Healthcare Services, Retail (pharmacy) and Medical Insurance. GEORGIA CAPITAL 83
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