Investor Presentaiton

0 20 20 60 60 40 40 1990 160 140 120 100 80 Ground floor opportunity Georgia 3-fundamental enablers Capital allocations & managing investments GEORGIA CAPITAL Georgian Economy 1990-2017: collapse, stabilization, acceleration, crisis, rebound, sustainable economic growth and finally strong future growth potential Real GDP Index, 1990=100 1991 Soviet union collapse Rebound from highly depressed levels during 1995-2000 2003 Launch of ambitious economic reforms Rebound and sustainable economic growth Strong growth potential By 1994, economy lost 73% of its 1990 level 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 Economy at 100% of its 1990 level Acceleration halted by global financial crisis Economy at 50% of its 1990 level Sources: World Bank, IMF, GeoStat 2012 2013 2014 2015 2016 2017 2018F 2019F 2020F 2021F 2022F Page 14

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