1Q20 Results Discussion

COVID-19 portfolio implications (excluding BoG) Most of our portfolio companies operate across structurally important, defensive sectors Level of resilience GEORGIA CAPITAL High Medium Low Water Utility P&C Insurance Renewable Energy Housing Development Digital Services Hospitality & Commercial RE GEORGIA HEALTHCARE GROUP GHG Education Beverages Auto Service Having focused on financial discipline well before COVID-19, our portfolio companies entered this crisis well- prepared and remain well-positioned to emerge stronger from the outbreak. Page 8

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