Portfolio Overview & Capital Allocation

PORTFOLIO VALUE DEVELOPMENT IN 4Q20 PORTFOLIO VALUE UP 21% TO GEL 2.9 BILLION IN 4Q20 % SHARE OF LISTED ASSETS 15% GEL MILLION 312 172 2,411 Externally valued 18% 21 21 2,908 (8) Portfolio value BOG 30-Sep-20 Large portfolio companies Investment stage portfolio companies Other portfolio companies Portfolio value 31-Dec-20 GEORGIA CAPITAL 38

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