Investment and Growth Strategy

Private large portfolio companies EXTERNALLY VALUED MEDICAL INSURANCE BUSINESS OVERVIEW Largest medical insurer in the country with 19%¹ market share Offering a variety of medical insurance products, with a wide distribution network to the Georgian population Market share by gross premium revenue¹ GHG In medical insurance Vienna Insurance Group Ardi PSP 21 IC Group 6 Alpha 6 Other Georgia Capital PLC | 1. ISSSG as of 3Q22. 49 49 62 62 19% 117 35% c.170,000 15% Number of insured clients 6% 2% 2% 69 21% GEORGIA CAPITAL BUSINESSES MAJOR GROWTH DRIVERS Growing the number of insured clients Enhancing gross profit through the introduction of "fee business" (such as motor Casco distribution, motor Third Party Liability distribution) ⑥Medium to long-term targets ■ Combined ratio <97% 87

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