Investor Presentaiton

GHG | LONG-TERM HIGH-GROWTH PROSPECTS/Comps (4/4) Rooms for growth - low price and low utilisation base currently GHG owns the capacity for revenue market share growth (Deka and Sunstone to be renovated in 2016-17) Low revenue per bed Average revenue per bed, US$ thousand 10x price gap with developed EM benchmarks Imedi L outpatient encounters increased to 3.9 in 2015** up from 2.2 in 2012 Price gap Prices, US$ thousands Heart Liver Knee Low outpatient encounters Outpatient encounter per capita, annual 660 USA surgery transplant replacement 100,000 300,000 48,000 418 468 210 226 40 90 98 UK Turkey Thailand 40,000 200,000 8,000 2.5 2.1 45,625 86,700 17,500 15,000 75,000 8,000 Georgia (GHG) ------ India Turkey Germany South Africa South East Asia UK US Singapore 15,000 140,000 25,000 India 5,000 45,000 6,000 Thailand ! Georgia 6,500 45,000 1,100 South Africa Georgia ------ Holding company of BANK OF GEORGIA BGEO www.bgeo.com GROUP November 2015 2.7 4.0 4.3 ՏՈ Malaysia UK 11.0 8.2 7.0 5.0 Poland Turkey pro-forma 1H15 result, based on Frost & Sullivan annual 2015 forecast **annualized YTD May-2015 result Sources: GHG internal reporting,; Frost & Sullivan analysis, 2015, NHA, Ministry of Labor, Health and Social Affairs of Georgia; OECD, World Health Organisation and World Bank, 2013 data page 78 Russia

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