Investor Presentaiton

Georgia Capital value proposition - 3-fundamental enablers 1 Superior access to capital Only investment company in Georgia Uniquely positioned given the access to capital in a small frontier economy, where access to capital is limited: c.US$ 500 mln raised in equity at LSE Issued five Eurobonds totaling US$ 1.5 billion US$ 3 billion+ raised from IFIS (EBRD, IFC etc.) Flexibility to use own shares as acquisition currency 3 2 Georgia 3-fundamental enablers Capital allocations & managing investments GEORGIA CAPITAL Access to management - Reputation among talented managers as the "best group to work for" Attracted talents have demonstrated track record of successful delivery Proven DNA in turning around companies and growing them efficiently Strong skillset in company exits LSE IPO track record Divestiture skills Strong corporate governance Outstanding track record in: ■ Institutionalizing businesses, creating independently run/managed institutions Investor reporting transparency and granularity Strong board and robust corporate governance Aligned shareholders' and management's interests Management compensation linked to performance Equity/performance dominating compensation structure Page 15

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