Investor Presentaiton

COMMENCEMENT OF US$ 10 MILLION SHARE BUYBACK AND CANCELLATION PROGRAMME GCAP SHARE PRICE IS AT CORE OF OUR DECISION MAKING VIS-À-VIS INVESTMENTS TRANSACTION RATIONALE Outstanding performance of our portfolio companies, supported by strong economic recovery Robust liquidity at GCAP level - US$ 90 million liquid funds (excl. issued loans) as at 30-Jun-21 Strong dividend income outlook LTV ratio at 27% as of 30-Jun-21, below the targeted threshold of 30% (further improving to 26.4% as at 6-Aug-21) ➤ IN LINE WITH OUR CAPITAL ALLOCATION PHILOSOPHY opportunity Buyback Investment 360° ANALYSIS Sale opportunity opportunity ATTRACTIVE OPPORTUNITY FOR DELIVERING GREATER RETURNS Average discount % to NAV: 25% 34% 26% 26% 22% COVID-19 period GEORGIA CAPITAL 53% 50% 45% 42% 42% 49.9 44.3 53.9 46.8 31.7 48.1 46.8 54.5 57.1 Jun/18 Dec/18 Jun/19 Dec/19 Jun/20 Dec/20 Mar/21 Jun/21 6-Aug-211 NAV per share (GEL) (%) Discount to NAV per share ☐ Share buyback and cancellation programme will be executed over a twelve month period. The shares will be purchased in the open market. Georgia Capital PLC | 1. Reflects BGEO and CGEO share prices and foreign exchange rate movements as at 6-Aug-21. 29 29

View entire presentation