01 02 03 Financial Statements 04 1. Background continued Ownership/Voting 31 December 31 December Date of Subsidiary 2018 2017 Industry incorporation Date of acquisition Legal address LLC Tskaltubo 67% 67% Healthcare29-Sep-99 29-Nov-11 Eristavi str. 16, Tskhaltubo, Georgia Regional Hospital LLC Unimedi Achara*** − 100% Healthcare 29-Jun-10 30-Apr-12 Vazha-Pshavela Ave. 40, Tbilisi, Georgia LLC Unimedi Samtskhe*** − 100% Healthcare 29-Jun-10 30-Apr-12 Vazha-Pshavela Ave. 40, Tbilisi, Georgia LLC Unimedi Kakheti*** − 100% Healthcare 29-Jun-10 30-Apr-12 Vazha-Pshavela Ave. 40, Tbilisi, Georgia NCLE EVEX Learning Centre 100% 100% Other 20-Dec-13 20-Dec-13 Javakhishvili str. 83a, Tbilisi, Georgia LLC M. Iashvili Children − 100% Healthcare 3-May-11 19-Feb-14 Lubliana Str. 2/6, Tbilisi, Georgia Central Hospital*** LLC Catastrophe Medicine 100% 100% Healthcare 18-Jun-13 1-Mar-15 U. Chkeidze str. 10, Tbilisi, Georgia Paediatric Centre LLC Emergency Service** − − Healthcare 28-Jul-09 20-May-16 D. Uznadze str. 2, Tbilisi, Georgia JSC Poti Central − 100% Healthcare 29-Oct-02 1-Jan-16 Guria str. 171, Poti, Georgia Clinical Hospital*** JSC Patgeo 100% 100% Healthcare 13-Jan-10 1-Aug-16Mukhiani, II mcr. District, Building 22, 1a, Tbilisi, Georgia JSC Pediatry 76% 76% Healthcare 5-Sep-03 6-Jul-16 U. Chkeidze str. 10, Tbilisi, Georgia JSC Mega Lab 100% 100% Healthcare 6-Jun-17Not Applicable Petre Kavtaradze str. 23, Tbilisi Georgia LLC EVEX-Collection 100% 100% Healthcare 25-Mar-16Not Applicable Vazha-Pshavela Ave. 40, Tbilisi, Georgia LLC Ivane Bokeria Referral − 100% Healthcare 16-Mar-17Not Applicable Kindzmarauli Str. 1 lane. #1, Hospital*** Tbilisi, Georgia LLC New Clinic 100% 100% Healthcare 3-Jan-17 20-Jul-17 Vazha-Pshavela Ave. 40, Tbilisi, Georgia LLC Aliance Med 100% 100% Healthcare 7-Jul-15 20-Jul-17 Vazha-Pshavela Ave. 40, Tbilisi, Georgia LLC Medical Center Almedi − 100% Healthcare 27-Sep-13 8-Nov-17 Tabukashvili str. 17, Tbilisi, Georgia JSC Polyclinic Vere 97.8% 97.8% Healthcare22-Nov-13 25-Dec-17 Kiacheli str. 18-20, Tbilisi, Georgia LLC New Dent 100% − Healthcare24-Dec-18Not Applicable Vazha-Pshavela Ave. 40, Tbilisi, Georgia JSC Vabaco 67% − Software 9-Sep-13 28-Sep-18 Bochorishvili str. 37, Tbilisi, Georgia development Ownership/Voting 31 December 31 December Date of Associate 2018 2017 Industry incorporation Date of acquisition Legal address LLC Geolab – 25% Healthcare 3-May-11 5-Aug-15 Tsinandali str. 9, Tbilisi, Georgia LLC 5th Clinical Hospital 35% 35% Healthcare 16-Sep-99 4-May-16 Temka, XI mcr. Block 1, N 1/47, Tbilisi, Georgia NPO Healthcare Association 25% 33% Healthcare 25-Mar-16Not Applicable Vazha-Pshavela Ave. 27b, Tbilisi, Georgia * JSC GPC was renamed as JSC GEPHA in February 2017 and was merged with JSC ABC Pharmacy on 5 May 2017. ** The Group has de-facto control of the subsidiary. To make decision about consolidation of entities under de-facto control the Group must have power over an investee that gives the investor the current ability to direct an investee’s relevant activities. Under IFRS 10, an option can give an investor the current ability to direct an investee’s relevant activities without regard to when it is exercisable. To assesses existence of such ability, the Group considered the following factors as outlined in the MOU: a) The Group appointed a supervisory board to handle emergencies. Board members were appointed for a four-year period (i.e. inclusive of the option exercise period). In accordance with MOU, supervisory board members guide all key activities of emergencies and make all strategic decisions. b) Emergency assumed responsibility not to pay any dividends until the Group acquires the company. c) Current shareholders cannot sell their shares to any third party or pledge under any facility without written consent from EVEX. d) CEO of Emergency is appointed by EVEX. ***Subsidiaries were merged with JSC Medical Corporation EVEX in 2018 (the Group purchased non-controlling interest in JSC St. Nicholas Surgery Clinic and it became 100% shareholder of the entity before the merger). ****LLC Deka was renamed as LLC Regional Hospital in January 2018. 129