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Investor Presentaiton

Portfolio highlights | 31 March 2020 Gross cash invested of GEL 1.3b Net cash invested of GEL 447m Listed Private late stage Private early stage GEORGIA CAPITAL Portfolio fair value of GEL 1.8b Pipeline Original investment 252 129 214 92 10 143 195 62 101 56 14 9 MOIC¹ GEL millions 116 1.7 6.1 2.4 2.1 17.3 1.1 1.1 1.0 0.1 NMF 1.1 NMF 432 365 295 (292) 132 40 (59) (26) 219 195 141 138 151 101 62 64 56 56 14 15 9 11 9 GHG BOG Water Utility Housing Development P&C Insurance Renewable Hospitality & Energy Commercial RE Wine Beer Education Auto Service Digital Services Fair value LSE Market value at 31-Mar-20 Net cash investment (1) Multiple of Capital Invested is calculated as follows: i) the numerator is the cash and non-cash inflows from dividends and sell-downs plus fair value of investment at reporting date ii) the denominator is the gross investment amount. Page 12
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