Strategic Report Strategic Report Strategic Report Financial Additional Overview Strategy Performance Governance Statements Information 2. Basis of Preparation continued Subsidiaries and associates continued 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 JSC Georgian (c) 65.00% 100.00% Georgia 79 David Agmashenebeli Renewable 14/9/2015 – Renewable Power Ave, 0102, Tbilisi energy Company JSC Geohydro (c) 85.00% 85.00% Georgia 79, d.Agmashenebeli Renewable 11/10/2013 – ave. Tbilisi 0102 energy JSC Svaneti Hydro (c) 100.00% 65.00% Georgia 29a, Gagarin Street, Renewable 6/12/2013 – Tbilisi 0160 energy JSC Zoti Hydro (c) 100.00% 65.00% Georgia 79, d.Agmashenebeli Renewable 20/8/2015 – ave. energy Tbilisi 0102 JSC Caucasian (c) 100.00% 100.00% Georgia 79 D.Agmashenebeli Renewable 14/9/2016 – WindCompany Ave, energy Tbilisi, 0102 JSC Caucasian (c) 100.00% 100.00% Georgia 79 D.Agmashenebeli Renewable 27/10/2016 – Solar Company Ave, energy Tbilisi, 0102 JSC Insurance (c) 100.00% 100.00% Georgia #9 Ana Politkovskaya Insurance 31/7/2014 – Company Aldagi str., Tbilisi JSC Insurance (c) 100.00% 100.00% Georgia Old Tbilisi, Insurance 22/8/2007 21/1/2015 Company Tao Pushkini str #3, Tbilisi Aliance, LLC (c) 100.00% 100.00% Georgia 1 Sanapiro street, Tbilisi Various 3/1/2000 5/1/2012 Green Way, LLC (c) 100.00% 100.00% Georgia Village Ratevani, Various 9/8/2008 5/1/2012 Bolnisi District Premium Residence, (c) 100.00% 100.00% Georgia King Parmavaz Str. Hotel 9/7/2010 1/5/2012 LLC #48, Batumi JSC AMF (c) 100.00% – Georgia 20 I. Chavchavadze ave., Insurance 17/11/2017 – Tbilisi Georgia Healthcare (c) 57.05% 65.03% United 84 Brook Street, Healthcare 27/8/2015 28/8/2015 Group PLC (a) Kingdom London, W1K 5EH JSC Georgia (c) 100.00% 100.00% Georgia 40 Vazha-Pshavela Healthcare 29/4/2015 – Healthcare Group Ave., Tbilisi JSC Insurance (c) 100.00% 100.00% Georgia 3-5 Kazbegi street, Insurance 22/6/2007 – Company Imedi L Tbilisi (Formerly known as JSC Insurance Company Aldagi BCI) Biznes Centri (c) – – Georgia 44 Al. Kazbegi ave, Various 22/6/2010 10/1/2011 Kazbegze, LLC Tbilisi, 0177 JSC GEPHA (c) 67.00% 100.00% Georgia Old Tbilisi, Sanapiro str. Healthcare 19/10/1995 4/5/2016 (Formerly known #6, Tbilisi as JSC GPC) JSC ABC (c) 100.00% – Armenia Kievnaia sts. #2/8, Pharmaceutical 28/4/2013 6/1/2017 Pharamcia 2/10, Erevan (Armenia) ABC (c) 100.00% – Georgia Sanapiro Str.#6, Pharmaceutical 24/2/2004 6/1/2017 Pharmalogistics, Tbilisi LLC Annual Report 2018Bank of Georgia Group PLC 181