1Q23 Performance Overview

PORTFOLIO VALUE DEVELOPMENT IN 1Q23 PORTFOLIO VALUE UP 2.2% TO GEL 3.3 BILLION IN 1Q23 GEL MILLION GEORGIA CAPITAL 3,199 21 0 30 26 13 3,267 (21) I LISTED AND OBSERVABLE PORTFOLIO VALUE¹ PRIVATE PORTFOLIO VALUE UP BY GEL 69 MILLION (3.1%) Portfolio value BOG Value 31-Dec-22 creation BOG Buyback dividends Water Utility Large portfolio companies Investment stage portfolio Other portfolio companies Portfolio value 31-Mar-23 Georgia Capital PLC | 1. A 5.6% growth in BoG's share price in 1Q23 was offset by GEL 21.2 million buyback dividends from the participation in BoG share buybacks. 38

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