Investor Presentaiton

Managing investments Share ownership plan of management in portfolio companies Investment stage Sector Portfolio Company Development Focus Pipeline Acquisition/ Entrance Early Late Listed Target to exit Discovery Young Portfolio Companies Large Portfolio Companies Mature Portfolio Companies GEORGIA CAPITAL Possible completion of Exit Digital Education services Auto Service Renewable Energy Hospitality & Beverages Commercial RE Housing P&C Development Insurance Water Utility Georgia Healthcare Group Bank of Georgia Group ➤ Discovery stage Institutionalisation/ Independence Low Hands-on management approach ➤ Rapid growth organically and through M&A ➤ Active investment stage Strategic guidance / advisory approach Focus on efficiency improvements ➤ Diversification of revenue streams Introduction of dividend discipline ➤ Sustainable shareholder value creation and dividend distributions High Page 13

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