Investor Presentaiton

50 50 40 40 m² Real Estate | Leading real estate development company (2/2) Total sales of US$127.4mln since 2010 1111111 Project Sales (US$m) 30 20 20 Tamarashvili Street IRR: 46% • Start: May-12 Completion: Jun-14 Apartments sold: 519/522 (99%) Sales: US$47.4 mln Chubinashvili Street IRR: 47% Start: Sep-10; Completion: Aug-12 Apartments sold: 123/123 (100%) Sales: US$9.9 mln 10 10 0 0 Kazbegi Street Nutsubidze Street . IRR: 58% • Start: Dec-13 • IRR: 165% • Start: Dec-13 Completion: Dec-15 • Apartments sold: 262/295 (89%) . (89%) Sales: US$23.9mln • Sales: US$15.7 mln Completion: Sep-15 Apartments sold: 196/221 Tamarashvili Street II IRR: 71% Start: Jul-14 Completion: Apr-16 Apartments sold: 177/270 (66%) • Sales: US$16.4 mln 1 2 3 Projects Holding company of BANK OF GEORGIA BGEO www.bgeo.com GROUP November 2015 • • Tamarashvili Street III IRR: 31% Start: Jul-15 Completion: Sep-18 Apartments sold: 135/819 (16%) Sales: US$9 mln Significant potential of the project from sales of US$29,000 price apartments with current IRR of c. 31% Moscow Avenue IRR: 31% Start: Sep-14 Completion: Mar-16 Apartments sold: 126/238 (53%) Sales: US$5.1 mln 5 *As per the revenue recognition policy adopted by the company in line with IFRS, revenue is recognised at the full completion of the project instead of in line with percentage construction completion 7 page 46

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