Investor Presentaiton

Georgia capital's US$300mm Eurobond issuance Notes: Listing: Notes rating: Joint Bookrunners: Joint Lead- Manager: Co-Manager: First ever non-sovereign owned corporate international bond from Georgia US$ 300 million, 6 year, 6.125% Eurobonds Irish Stock Exchange, GEM market B2 (Moody's) / B+ (S&P) Citi, J.P. Morgan Renaissance Capital Galt & Taggart ALLOCATION BY INVESTOR TYPE Other 2% Supranational 23% Asset managers GEORGIA CAPITAL Georgia Capital's risk management policy key measures Georgia Capital intends to hold liquid assets of at least US$ 50 million at all times Net Debt to Asset Portfolio to be no more than 30% at all times ALLOCATION BY GEOGRAPHY United states 7% Rest of Europe 16% 34% Banks/PBs 41% United Kingdom 57% Georgia 16% Asia & Other 4% Page 10

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