Investor Presentaiton

Institutional oriented reforms Ease of Doing Business | 2020 (WB Doing Business Report) New Zealand Singapore US Georgia Norway Lithuania Estonia Kazakhstan Russia Azerbaijan Poland Czech rep. Armenia Turkey Romania Bulgaria Ukraine 7 9 11 18 25 28 34 40 41 41 47 55 Economic Freedom Index | 2019 (Heritage Foundation) UK USA 12 15 Estonia Georgia Latvia Bulgaria Romania Azerbaijan Hungary Turkey France Italy 56 16 35 37 GEORGIA CAPITAL Top 8 in Europe region out of 44 countries 42 60 64 68 71 80 98 61 64 Russia Ukraine Business Bribery Risk, 2019 | Trace International Estonia Open Budget Index, 2017 | International Budget Partnership Georgia is on par with EU 14 Lithuania 24 member states Japan Georgia 25 27 Czech Republic 34 Latvia 42 Romania 68 Armenia Bulgaria Azerbaijan 峇爬 27 77 79 35 Corruption Perception Index | TI 2019 Lithuania Poland Georgia Czech Republic 41 44 44 Latvia 44 Italy 51 Slovakia 59 Belarus Romania Bulgaria Armenia Turkey Kazakhstan Moldova 66 70 74 77 91 113 120 Ukraine Azerbaijan Russia Uzbekistan 126 126 137 153 Sources: Transparency International, Heritage Foundation, World Bank, Trace International. Belarus Russia Moldova Ukraine Turkey Kazakhstan Uzbekistan 147 New Zealand Norway Georgia 5 up from 16th in 2015 US 7 Italy 13 Russia 15 Germany 17 Czech rep. 25 Poland 30 108 Turkey 32 110 Ukraine 117 39 122 Kazakhstan 42 123 India 53 126 Azerbaijan 77 181 Page 56

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