Strategic Report Strategic Report Strategic Report Financial Additional Overview Strategy Performance Governance Statements Information 2. Basis of Preparation continued Subsidiaries and associates The consolidated financial statements as at 31 December 2018, 31 December 2017 and 31 December 2016 include the following subsidiaries and associates: Proportion of voting rights and ordinary share capital held 31 December 31 December 31 December Country of Date of Date of Subsidiaries 2018 2017 2016 incorporation Address Industry incorporation acquisition BGEO Group 100.00% – – United 84 Brook Street, Holding 14/10/2011 – Limited (e) Kingdom W1K 5EH London company JSC BGEO 100.00% 100.00% 100.00% Georgia 29a Gagarini Investment 28/5/2015 – Group street, Tbilisi, 0105 JSC Idea 100.00% – – Georgia 3 Pushkin Street, Insurance 26/12/2018 – Tbilisi, 0105 JSC Bank of Georgia 99.55% 99.55% 99.55% Georgia 29a Gagarini Banking 21/10/1994 – street, Tbilisi, 0105 Bank of Georgia 100.00% 100.00% 100.00% United 84 Brook Street, Information 17/8/2010 – Representative Kingdom W1K 5EH London sharing Office UK Limited and market research Tree of Life 100.00% 100.00% 100.00% Georgia 3 Pushkin Street, Charitable 25/8/2008 – Foundation NPO Tbilisi, 0105 activities (formerly known as Bank of Georgia Future Foundation, NPO) Bank of Georgia 100.00% 100.00% 100.00% Hungary 1054 Budapest, Representative 18/6/2012 – Representative Szabadság tér 7; office Office Hungary Bank Center JSC Bank of 100.00% 100.00% 100.00% Turkey Süleyman Seba Representative 25/12/2013 – Georgia Caddesi No:48 A office Representative Blok Daire 82 Akaretler Office in Turkey Beşiktaş 34357 Istanbul Georgia Financial 100.00% 100.00% 100.00% Israel 7 Menahem Begin, Information 9/2/2009 – Investments, LLC Ramat Gan 52681 sharing and market research Professional (d) 100.00% 100.00% Georgia Digomi District, Sport 10/1/2011 – Basketball Club Block III, Lot #38/3, Dinamo Tbilisi, LLC Tbilisi, 0159 Teaching University 100.00% 100.00% 100.00% Georgia #29 Mitskevichi Education 15/10/2013 – of Georgian Bank, Street, Tbilisi, LLC 0194 Benderlock 100.00% 100.00% 100.00% Cyprus Arch. Makariou III 58, Investments 12/5/200913/10/2009 Investments Limited IRIS TOWER, 8-th floor, Flat/Office 702 P.C. 1075, Nicosia JSC Belarusky 99.98% 99.98% 79.99% Belarus Nezavisimosty ave. Banking 16/4/1992 3/6/2008 Narodny Bank 87A, Minsk, 220012 BNB Leasing, LLC 99.90% 99.90% 99.90% Belarus Nezavisimosty ave. Leasing 30/3/2006 3/6/2008 87A, room 3, Minsk, 220012 Georgian Leasing 100.00% 100.00% 100.00% Georgia 3-5 Kazbegi Str., Leasing 29/10/2001 31/12/2004 Company, LLC Tbilisi Prime Leasing 100.00% 100.00% 100.00% Georgia Didube-Chughureti Leasing 27/1/2012 21/1/2015 district, №114, Ak. Tsereteli ave., Tbilisi Annual Report 2018Bank of Georgia Group PLC 179