Acquisition of the minority stake in Kindzmarauli

Georgia Capital PLC (the Group or Georgia Capital) today announces the buyout of the remaining 39.5% equity stake in Kindzmarauli Marani, LLC (“Kindzmarauli”). Following its acquisition in April 2018, Georgia Capital held a 60.5% indirect interest in Kindzmarauli through a locally established special-purpose vehicle (“SPV”). Georgia Capital expects that the purchase of the minority stake will strengthen its existing beverage business with an increased presence in the growing domestic and international markets for Georgian wine.