Georgia Capital Shareholder and Market Opportunity Overview

GEORGIA CAPITAL LEVERAGE & LIQUIDITY PROFILE LTV RATIO¹ IS ON TRACK TO THE TARGETED THRESHOLD OF <30% 44.1% 41.9% Pre-COVID average: 22% 30% 27.9% 25.8% 20.0% 19.2% 17.6% LTV Ratio US$ 137 MILLION LIQUID FUNDS AS OF 31-MAR-21 GEORGIA CAPITAL ■Cash 38 33.5% 31.2% 28.9% Marketable securities TOTAL 137 US$ MILLION Loans issued 13 86 LTV Ratio Target Dec-18 Mar-19 Jun-19 Sep-19 Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 SOLID DIVIDEND INCOME OUTLOOK FROM PRIVATE PORTFOLIO COMPANIES 60-70 GEL MILLION In 2021 1Q21 dividends: GEL 5 million already received from the renewable energy business Georgia Capital PLC | 1. LTV Ratio - Loan to value ratio: net debt divided by the portfolio value. 36

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