Investor Presentaiton

Key Segments Key Services Market Size Market Share Selected Operating Data GHG | Segment overview Evex GEORGIA HEALTHCARE GROUP Imedi L Referral and Specialty Hospitals General and specialty hospitals offering outpatient and inpatient services in Tbilisi and major regional cities Community Hospitals Basic outpatient and inpatient services in regional towns and municipalities GEL 1.2bln (2015E) Ambulatory Clinics Outpatient diagnostic and treatment services in Tbilisi and major regional cities GEL 0.9bln (2015E) Medical Insurance Range of private insurance products purchased by individuals and employers GEL 0.14bln (2015E) 17.6% by revenues 26.6% by beds (2,670), which is expected to grow to c.30.0% as a result of renovation of recently acquired hospital facilities (additional c.500 beds); 83% (9M 2015) 16 hospitals 2,209 beds 19 hospitals 8% Financials (9M 2015) EBITDA GEL 39.6mln Revenue GEL 171.4mln* 67% 17% 0.5% 38.1% 7 clinics 270,000 insured 310,000+ outpatients treated 461 beds 2% 2012-9M15 GEL 120.0mln CAGR 68% GEL 13.3mln 2012-9M15 CAGR 14% GEL 3.7mln 2012-9M15 CAGR 8% GEL 40.7mln 10% 3% GEL 31.8mln 80% 2012-9M15 CAGR 71% GEL 3.9mln 2012-9M15 CAGR 30% GEL 1.3mln 2012-9M15 CAGR 37% GEL 2.6mln EBITDA Margin(): 28.6% EBITDA Margin(): 31.0% Holding company of BANK OF GEORGIA EBITDA Margin (1): 27.9% Note: EBITDA margins are based on gross of intercompany eliminations revenue numbers BGEO www.bgeo.com GROUP November 2015 Source: GHG internal reporting (1) EBEBIDADAangangiaseacalculatdaltech dealsed ovengrossos odirectieticamcnebatbates *Eliminations are included in total revenue 23% 7% 2012-9M15 CAGR 15% 2012-9M15 CAGR -7% EBITDA Margin(¹): 6.5%

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