3Q23 & 9M23 Performance Overview

NAV STATEMENT | 3Q23 GEORGIA CAPITAL 2a. GEL thousands unless otherwise noted 30-Jun-23 1.Value Creation Investments and Divestments 2b. Buybacks 2c. Dividends 3.Operating Expenses 4. Liquidity Management/ FX / Other 30-Sep-23 Change % Listed and Observable Portfolio Companies BOG Water Utility 882,846 221,148 (11,785) 1,092,209 23.7% 159,000 159,000 0.0% Listed and Observable Portfolio Value 1,041,846 221,148 Listed and Observable Portfolio value change % 21.2% 0.0% 0.0% (11,785) -1.1% 1,251,209 20.1% 0.0% 0.0% 20.1% Private Portfolio Companies Large portfolio companies 1,496,262 (52,279) (41,876) 817 1,402,924 -6.2% Retail (pharmacy) Hospitals Insurance 723,505 (13,776) (30,843) 359 679,245 -6.1% 426,060 (38,531) (6,018) 359 381,870 -10.4% 346,697 28 (5,015) 99 341,809 -1.4% Of which, P&C Insurance 276,960 (9,248) 99 267,811 -3.3% Of which, Healthcare Insurance 69,737 9,276 (5,015) 73,998 6.1% Investment stage companies 536,362 (8,955) 30 371 527,808 -1.6% Renewable energy 247,682 12,989 139 260,810 5.3% Education 184,147 (13,473) 30 152 170,856 -7.2% Clinics and Diagnostics 104,533 (8,471) 80 96,142 -8.0% Others 286,094 15,008 (4,168) 331 297,265 3.9% Private Portfolio Value 2,318,718 (46,226) (4,138) (41,876) 1,519 2,227,997 -3.9% Private Portfolio value change % -2.0% -0.2% 0.0% -1.8% 0.0% 0.1% -3.9% Total Portfolio Value 3,360,564 174,922 (4,138) (53,661) 1,519 3,479,206 3.5% Total Portfolio value change % 5.2% -0.1% 0.0% -1.6% 0.0% Net Debt (324,864) 1,001 53,661 of which, Cash and liquid funds 401,125 1,001 (273) 106,498 (5,442) (5,442) of which, Loans issued of which, Dividend receivable of which, Gross Debt Net other assets/(liabilities) Share based compensation Net Asset Value NAV change % Shares outstanding Net Asset Value per share 17,461 0.0% (18,268) (402,553) (8,556) 3.5% (294,185) -9.4% 100,356 8,905 -75.0% -49.0% 52,837 (52,837) -100.0% (796,287) (1,103) 3,137 (3,360) (3,360) 3,034,597 174,922 (273) (8,802) 5.8% 0.0% 0.0% 0.0% -0.3% 392,841 3,985 3,360 (12,764) -0.4% (403,446) 2,659 -49.3% NMF 0.0% 3,187,680 5.0% 5.0% 41,411,180 (9,430) 41,401,750 0.0% 73.28 4.22 (0.00) 0.01 (0.00) (0.21) (0.31) 76.99 5.1% NAV per share change % 5.8% 0.0% 0.0% 0.0% -0.3% -0.4% 5.1% Net Asset Value per share (GBP) 22.12 1.27 (0.00) 0.00 0.00 (0.06) 0.11 23.44 6.0% NAV per share (GBP) change % 5.8% 0.0% 0.0% 0.0% -0.3% 0.5% 6.0% 94 94

View entire presentation