Renewable Energy Business Overview

NAV PER SHARE (GEL) MOVEMENT IN 9M21 GEORGIA CAPITAL NAV PER SHARE CHANGE % +4.9% +18.8% +1.4% +1.3% +0.5% -1.2% -1.4% +24.2% NAV PER SHARE (GEL) UP 24.2% IN 9M21 2.39 48.12 NAV per share (GBP) up 31.0% in 9M21 • 24.2% growth in 9M21 NAV per share (GEL) on the back of strong value creation across our resilient private portfolio and a 27.4% increase in BoG share price within the nine-month period. 9.03 0.67 0.63 0.22 59.77 (0.59) (0.70) NAV per share 31-Dec-21 BOG Large portfolio companies Investment stage portfolio Other portfolio companies Buybacks Operating expenses Liquidity manag./FX/ Other NAV per share 30-Sep-21 companies 33

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