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Investor Presentaiton

Wine business TELIANI VALLEY SALES BY EXPORT COUNTRIES IN 2018-2020 TELIANI EXPORT SALES GREW 9.3x FASTER THAN TOTAL GEORGIAN WINE EXPORT SALES GEORGIA CAPITAL TELIANI HAS 2x LESS EXPOSURE TO RUSSIAN MARKET VS. LOCAL PEERS '000 bottles sold VOLUME-TELIANI SALES +43.9% Teliani CAGR vs. +4.7% market CAGR VALUE-TELIANI SALES +48.3% Teliani CAGR vs. +14.7% market CAGR 6,556 +52.3% Teliani vs. 14% +14.7% market 12% 3,168 3,226 34% Sales, GEL '000 46,682 +51.5% Teliani vs. +17.0% market 17% 4% A 21,220 22,950 12% 35% 26% 2,118 15,145 15% 26% 9% 15% 32% 7% 18% 32% 44% 36% 41% 45% 35% 43% 43% 41% 15% 27% 16% 25% 2018 2020 1H20 1H21 2018 2020 1H20 1H21 ■Russia ■Ukraine ■ Poland ■China ■ Other EXPORT VOLUME EXPOSURE TO SINGLE MARKET (RUSSIA), 2020 Exposure of 15 largest Georgian wineries to Russia Teliani exposure to Russia ☑Russia ROW 36% 71% Teliani generated 43.9% CAGR during 2018-2020 in volume terms and 48.3% CAGR in value terms – significantly outperforming Georgian wine export growth for the same period - Teliani grew through expanding its geographic coverage and growing sales with existing partners In 1H 2021, Teliani continued its growth, 52.3% Y-o-Y in volume terms, continuing significant outperformance of Georgian wine export growth ➤ Teliani's geography sales mix is well-diversified with 2x less dependency on a single market (Russia) compared to local peers 36% vs. 71% Georgia Capital PLC | Note: Teliani acquired Kindzmarauli winery in 2018 and Alaverdi winery in 2019 – both contributing to sales growth. 80 Source: Geostat, Management estimates
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