Investor Presentation

ALDAGI PERFORMANCE IN INSURANCE ALDAGI Health Insurance drives revenue Source of revenue Revenue increased by 48.2% Gross revenue | GEL '000 Life 2.7% P&C 25.4% Health 71.9% Stable Loss Ratio Combined Ratio rreakdown 108,533 73,240 Sep YTD 2013 Sep YTD 2012 U/W profit increased by 48.7% U/W result | GEL '000 U/W M i 25.7% I I i 25.6% L 27,839 18,723 Sep YTD 2013 Sep YTD 2012 Combined Ratio improved by 4.1 pts. Doubled net profit Y-o-Y Combined Ratio Net Profit | GEL '000 89.4% Commission Ratio Loss Ratio 68.8% 4.0% 85.3% Expense Ratio 12.5% NPM ! 13.0% L · 10.1% L 14,136 7,390 Sep YTD 2013 Sep YTD 2012 Sep YTD 2013 Sep YTD 2012 9

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