Investor Presentaiton

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% 119 515 360 361 321 272 Y-o-Y GROWTH 61% IC Group 9.1% 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

View entire presentation