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Wine business TELIANI VALLEY WINERIES TELIANI OWNS 3 WINERIES COVERING MAJORITY OF KAKHETI REGION - Kakheti accounts for 75%+ of all vineyards planted in Georgia Tianeti - თიანეთი 1. Teliani winery Sioni სიონი Telav GEORGIA CAPITAL END-TO-END PRODUCTION PROCESS WITH STRONG OPERATING EFFICIENCY AND FLEXIBILITY 12.5MLN BOTTLES Fermentation capacity 15MLN BOTTLES Installed storage capacity Гебгуда 29MLN BOTTLES Bottling capacity 2. Kindzmarauli winery I iramo რამო a I I Tbilisi აბილისი arneuli ნეული Rustavi რუსთავი Gardabani გარდაბანი Idakhlo 1 დახლო Noyemberyan Նոյեմբերյան Sag საგა: Dash Salahly კაჭრებ ormughanlo Sighna bombame 3. Alaverdi winery Lagodekh ლაგოდენი Mahamalar Balakan Katex Zaqatala Tskaro Aliabad Dedoplis დედოფლისწყარო Garabagh Kakheti region ☐ Major vineyard areas in Kakheti Teliani wineries Bottling line has available capacity to produce additional 17mln bottles on top of 12mln planned for 2021 without additional investment 41% In 2021 total production capacity increased by 2.2mln bottles with investment of USD 1.3mln - USD 0.6 per additional bottle capacity 10.3 2.2 USD 1.3mln CAPEX 12.5 Storage spaces split across the wineries providing operational flexibility 24% ■ Teliani ■Kindzmarauli OHO 59% Utilization in 2021 Additional available capacity Capacity increase 2020 capacity Current capacity ■ Alaverdi 34% Georgia Capital PLC | Note: Total throughput of storage capacity depends on wine juice inventory turnover - assuming 1.0x annual turnover, capacity is 15mln bottles - assuming 4.0x annual turnover, capacity is 40mln bottles. Total storage installed capacity includes storage tanks and fermentation capacities. 42% 82

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