BGEO Group Financial Update

Holding company of BANK OF GEORGIA GROUP BGEO www.bgeo.com GHG | LONG-TERM HIGH-GROWTH PROSPECTS/Comps (1/4) Low expenditure on healthcare services Per capita expenditure on healthcare services, current US$ (1) 8,000 6,000 4,000 2,000 1,000 500 Growth opportunities: US$ 217 expenditure per capita on healthcare services 217 Expenditure on healthcare services % of GDP (1) 16% 14% 12% 10% 8% 6% 4% 2% 0% Growth opportunities: 5.8% of GDP spent on healthcare services 5.8% Note: Healthcare services expenditure for other countries is pro-forma, based on assumption that pharmaceuticals is 17% of total spending (1) World Bank 2013 data November 2015 Source: Thailand Malaysia Georgia UAE S.Africa Saudi Thailand Malaysia Georgia page 75 UAE S.Africa Saudi

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