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 United 100.00% 100.00% 100.00% Georgia 74a Chavchavadze Ave, Registrar 29/5/2006 – Securities Registrar Tbilisi, 0162 of Georgia JSC Express 100.00% 100.00% 100.00% Georgia 1b, Budapest Str. Investments29/10/2007 – Technologies Tbilisi, 0160 JSC Georgian Card 99.48% 99.48% 99.47% Georgia 221 Nutsubidze Street, Card 17/1/199720/10/2004 Tbilisi, 0168 processing Direct Debit 100.00% 100.00% 100.00% Georgia Luxemburg 25, Electronic 7/3/2006 – Georgia, LLC Tbilisi, 0160 payment services LLC Didi Digomi 100.00% 100.00% 100.00% Georgia80-82, D.Agmashenebeli Communication 23/4/2007 – Research Center street, Tbilisi, 0102 services Metro Service +, LLC100.00% 100.00% 100.00% Georgia 74a Chavchavadze Business 10/5/2006 – Ave, Tbilisi, 0162 servicing Express (b) (b) 100.00% Hungary H-1054 Budapest; Other financial 5/3/2014 N/A Technologies CEE, Szabadsag ter service LLC 7. Bank Center activities Platina Tower; 2ndfloor JSC Agron Group 100.00% 100.00% 100.00% Georgia Kazbegi Str. 3-5, Agricultural 3/11/2014 – Tbilisi trade Premium Compliance 100.00% 100.00% 100.00% Georgia Kazbegi Str. 3-5, Various 17/2/2012 – Advisory, LLC Tbilisi JSC Georgia Capital (c) 100.00% – Georgia 3-5 Kazbegi Str., Investment 22/12/2017 – Tbilisi Proportion of voting rights and ordinary share capital held 31 December 31 December 31 December Country of Date of Date of Associates 2018 2017 2016 incorporation Address Industry incorporation acquisition JSC Credit info 21.08% 21.08% 19.11% Georgia 2 Tarkhnishvili St., Financial 14/2/2005 14/2/2005 Tbilisi, Georgiaintermediation #5 Clinic hospital, LLC (c) 35.00% 35.00% Georgia Temka XI M/D, Q.1, Healthcare 16/9/1999 8/2/2016 Tbilisi, Georgia JSC Tbilisi Stock 21.59% 21.59% 21.59% Georgia 72 Vazha Pshavela Financial 8/5/2015 23/12/2016 Exchange Avenue, Tbilisi, Georgiaintermediation (a) Georgia Healthcare Group PLC and its subsidiaries were classified as disposal group held for sale. (b) Was liquidated in 2017. (c) Demerger. (d) JSC Bank of Georgia sold its investment in Professional Basketball Club Dinamo Tbilisi in 2018. (e) Bank of Georgia Group PLC became the holding company of the Group instead of BGEO Group Limited (former BGEO Group PLC). Annual Report 2018Bank of Georgia Group PLC 185