Georgia Capital Portfolio Overview

GEL millions 4b. Liquidity management Liquidity management at Georgia Capital Liquid assets & Loans issued | 30-Jun-2019 GEL 305 million Net debt | 30-Jun-2019 ► Georgia Capital issued inaugural US$ 300mln international corporate bonds in March 2018 Net debt overview | 30-Jun-2019 556 324 Cash and liquid funds 861 232 Loans issued 305 Gross debt Liquid assets & Loans Net debt issued Portfolio over net debt 7.3x Listed assets over net debt 3.9x GEL millions GEL millions 232 28 114 Cash at bank (20%) GEL 556 million 183 GEORGIA CAPITAL Internationally listed debt securities (33%) Loans issued (42%) Locally listed debt securities (5%) Cumulative maturity gap 99 122 222 556 114 Cash Up to 3 months Up to 6 months Up to 1 year Total liquidity 30-Jun-19 Page 17

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