Investor Presentaiton

NAV PER SHARE (GEL) DEVELOPMENT OVERVIEW NAV PER SHARE UP 2.0x SINCE THE START OF THE COVID-19 PANDEMIC % Change -35.6% +4.9% +19.5% +27.2% -2.7% +16.4% 9-0-9 GEL 46.84 37.84 31.67 30.18 +9.7% 59.77 54.48 48.12 46.80 GEORGIA CAPITAL CONTROLLABLE (PRIVATE) NAV PER SHARE UP 2.5x SINCE THE START OF THE COVID-19 PANDEMIC GEL % Change -25.0% -0.5% +69.3% +22.1% -1.6% +15.8% 9-0-9 25.47 19.11 19.01 32.19 +8.7% 48.72 44.83 39.32 38.71 Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 31

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