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Investor Presentaiton

PORTFOLIO HIGHLIGHTS | 31 DECEMBER 2020 Gross investment of GEL 1.5b Net investment of GEL 570m Listed assets Large portfolio companies Portfolio fair value of GEL 2.9b Investment stage portfolio companies Original 129 investment 390 215 10 145 56 56 MOIC¹ 7.4 3.4 2.6 23.9 1.5 1.6 GEL million 532 BOG -292 1,189 255 471 198 118 -36 GHG2 Water Utility P&C Insurance 210 140 93 56 Renewable Energy Education GEORGIA CAPITAL LSE Market value at 31-Dec-20 Fair value ■Net cash investment Georgia Capital PLC | 1. Multiple of Invested Capital is calculated as follows: i) the numerator is the cash and non-cash inflows from dividends and sell-downs plus fair value of investment at reporting date ii) the denominator is the gross investment amount. 2. GHG includes: Healthcare Services, Retail (pharmacy) and Medical Insurance businesses. 12
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