1Q20 Results Discussion

Additional strategic priorities Over time Georgia Capital will: 1. Decrease share of listed assets to 20% and 2. manage third-party money Over the next 5 years we will reshape our balance sheet GEORGIA CAPITAL GEORGIA CAPITAL 31-Mar-2020 In 5 years 20% Management company 37% Third-party managed capital 63% 80% GCAP investment portfolio Private Listed Private Listed Page 24

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