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GEL NAV PER SHARE (GEL) DEVELOPMENT OVERVIEW NAV PER SHARE UP 16.4% TO GEL 54.48 IN 2Q21 (UP 22.0% TO GEL 57.09 AS AT 6-AUG-21) % Change q-o-q -35.6% +4.9% +19.5% +27.2% -2.7% CONTROLLABLE (PRIVATE) NAV PER SHARE UP 15.8% TO GEL 44.83 IN 2Q21 % Change q-0-9 -25.0% -0.5% +69.3% +22.1% -1.6% +22.0% +16.4% 57.09 54.48 48.12 46.80 30.18 31.67 37.84 46.84 اللسا GEL 25.47 19.11 19.01 32.19 +15.8% GEORGIA CAPITAL 44.83 39.32 38.71 Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 6-Aug-211 Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Georgia Capital PLC | 1. Reflects BGEO share price and foreign exchange rate movements as at 6-Aug-21. 30 30

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