Georgia Capital Shareholder and Market Opportunity Overview

Private large portfolio companies EXTERNALLY VALUED P&C INSURANCE BUSINESS OVERVIEW COMBINED RATIO 1Q21 Financial Highlights GEL 26.9m GEL 7.3m -0.6ppts -3.6ppts 87.5% 82.1% 83.9% 81.5% 77.5% 73.9% 72.6% 75.2% 75.4% +18.8% y-o-y -19.0% y-o-y 41.6% 48.7% 44.0% 49.6% Earned premiums gross Cash flow from operations 35.6% 42.8% 35.4% 40.0% 38.2% 38.3% 34.7% 37.2% 35.2% 37.3% 40.6% 37.6% 38.8% 34.3% GEORGIA CAPITAL 29,209 1Q21 Operating Metrics 38,956 2014 2015 2016 2017 2018 2019 2020 1Q20 1Q21 Expense Ratio ■Loss Ratio - Combined Ratio 3,961 PROFIT & DIVIDEND PAYOUT RATIO (GEL million) -4.1% y-o-y +65.7% y-o-y +9.8% y-o-y ROAE 28% 37% 37% 38% 34% 30% 25% 21% 24% Number of policies written (corporate) Number of policies written (retail) Number of claims reported CAGR 15% 53.0% -26.7 ppts y-o-y Renewal rate (corporate) +6.2 ppts y-o-y Renewal rate (retail) 71.6% 18 18 16 64% 11 14 68% 61% 7 51% 55% 15 17 +27.5% 4 3 Georgia Capital PLC | 1. Adjusted for non-recurring items. 2014 2015 2016 2017 20181 2019 20201 1Q20 1Q21 Profit Dividend Payout Ratio 55

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