Georgia Capital Shareholder and Market Opportunity Overview

MULTIPLE OF INVESTED CAPITAL (MOIC) | 31-MAR-2021 GEL million Gross Investment Sell down Dividends Fair Value MOIC Realized MOIC (1) (2) (3) (4) (2+3+4)/(1) (2+3)/(1) Listed Investments Bank of Georgia Group PLC 129 287 134 505 7.2x 3.3x 129 287 134 505 7.2x 3.3x Private large portfolio companies 617 131 147 1,871 3.5x 0.5x GHG1 390 131 4 1,209 3.4x 0.3x Water Utility 216 97 457 2.6x 0.4x P&C Insurance 11 46 205 23.5x 4.3x Private investment stage portfolio companies 210 10 310 1.5x Renewable Energy 147 10 207 1.5x Education 63 103 1.6x Other 588 260 236 0.8x 0.4x Total 1,544 418 551 2,922 2.5x 0.6x Georgia Capital PLC | 1. GHG comprises three businesses: Healthcare Services, Retail (pharmacy) and Medical Insurance. GEORGIA CAPITAL 85

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