Investor Presentaiton

NAV PER SHARE (GEL) MOVEMENT IN 2Q21 GEORGIA CAPITAL NAV PER SHARE CHANGE % +3.3% +10.1% +1.7% +0.3% +0.1% -0.4% +1.4% +16.4% +5.6% +22.0% NAV PER SHARE 2.61 57.09 (GEL) UP 16.4% IN 2Q21 0.81 0.13 0.03 0.66 54.48 4.73 (0.20) 1.52 46.80 Externally valued • NAV per share (GBP) up • 24.9% in 2021 16.4% growth in 2Q21 NAV per share (GEL) mainly reflects value creation across our resilient private portfolio and a 22.2% increase in BoG share price, further supported by local currency appreciation against USD. NAV per share 31-Mar-21 BOG Large portfolio companies Investment stage portfolio Other portfolio Buyback companies Operating expenses Liquidity manag./FX/ Other NAV per share 30-Jun-21 BGEO share price and FX impact NAV per share 6-Aug-211 companies Georgia Capital PLC | 1. Reflects BGEO share price and foreign exchange rate movements as at 6-Aug-21. 31

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