Georgia Capital Portfolio Overview

2a.Capital allocations 2b.Buybacks Capital allocations | 1H19 GEL, millions BOG Listed portfolio GHG Water Utility Private late stage portfolio Housing Development P&C Insurance Renewable Energy Hospitality & Commercial RE Private early stage portfolio Beverages Of which, wine Pipeline portfolio Of which, beer Education Auto Service Digital Services Other Buybacks GCAP Total Dividends Investments Capital reallocation Buybacks Total (25.0) (25.0) (4.0) (4.0) (18.0) (18.0) (8.0) (8.0) 1.6 1.6 8.3 18.0 26.3 10.4 10.4 0.3 0.3 10.1 10.1 4.1 4.1 10.0 10.0 8.8 8.8 1.4 1.4 59.9 59.9 (37.0) 44.6 59.9 67.5 GEORGIA CAPITAL Page 12

View entire presentation