FY20 Results and Strategy Overview

Private large portfolio companies EXTERNALLY VALUED P&C INSURANCE BUSINESS OVERVIEW FY20 Financial Highlights COMBINED RATIO GEORGIA CAPITAL -7.8ppts 87.7% 81.5% 79.9% -0.6ppts 82.1% 77.5% 73.9% 75.2% 75.4% 72.6% GEL 102.2m GEL 17.9m +4.0% y-o-y -8.3% y-o-y 45.5% 41.6% 44.0% 41.5% Earned premiums gross Cash flow from operations 35.6% 42.8% 35.4% 40.0% 38.2% FY20 Operating Metrics 14,148 82,285 -9.9% y-o-y -22.3% y-o-y Number of policies written (corporate) 120,629 +4.0% y-o-y Number of policies written (retail) Number of claims reported 80.1% -3.7 ppts y-o-y Renewal rate (corporate) Georgia Capital PLC | 1. Adjusted for non-recurring items. 38.3% 34.7% 37.2% 35.2% 37.3% 40.6% 37.6% 42.3% 38.5% 2014 2015 2016 2017 2018 2019 2020 4Q19 4Q20 •Combined Raio Expense Ratio ■Loss Ratio PROFIT & DIVIDEND PAYOUT RATIO (GEL million) ROAE 28% 37% 37% 38% 34% 30% 25% 30% 2B% CAGR 15% 18 18 16 64% 11 14 61% 68% 55% 7 51% 17 +2.6% 5 5 2020 4Q19 4Q20 56 2014 2015 2016 2017 20181 2019 Profit Dividend Payout Ratio

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