Georgia Healthcare Group PLC Annual Report 2018 Governance The Board 1. Bill Huyett 2. Nick Gamkrelidze 3. Irakli Gilauri 4. David Morrison 5. Fabian Blank 1. Bill Huyett Education: Mr Gilauri received his undergraduate degree in Business Studies, Independent Non-Executive Chairman Economics and Finance from the University of Limerick, Ireland, in 1998. He was Bill Huyett was appointed as a Non-Executive Director Chairman on later awarded the Chevening Scholarship, granted by the British Council, to study 20 September 2018, having served as an Independent Non-Executive Director at the Cass Business School of City University, London, where he obtained his since 18 June 2017 and having been elected by shareholders at the 2018 AGM. MSc in Banking and International Finance. He serves as a member of the Clinical Quality and Safety Committee and the Nomination Committee. He also Chairman of the Supervisory Board of JSC GHG 4. David Morrison and of its Clinical Quality and Safety Committee. Senior Independent Non-Executive Director Skills and Experience: Mr Huyett is the Chief Financial Officer of Cyclerion David Morrison was appointed as the Senior Independent Non-Executive Director Therapeutics, recently spun out from Ironwood Pharmaceuticals, where he on 4 September 2015 and was elected by shareholders at the 2016 AGM and was was Chief Operating Officer. Prior to that, during a 30-year career at McKinsey re-elected by shareholders at the 2017 and 2018 AGMs. He also serves as Chairman & Company in the US and Europe, he served clients in health care and other of the Audit Committee and as a member of the Nomination Committee and the technology-intensive industries. He advised those clients on value creation Remuneration Committee. Mr Morrison serves as a member of the Supervisory strategies and their implications for organisation effectiveness and board Board of JSC GHG and of its Audit and Remuneration Committees. governance. His areas of expertise include corporate portfolios, growth, Skills and experience: Mr Morrison previously served as the Senior Independent M&A and divestitures. He is co¬author of a text on corporate finance: Value: Non-Executive Director of BGEO Group PLC from October 2011 until May 2018, Four Cornerstones of Value Creation. He currently serves on the boards of which included positions of Chairman of Audit Committee and a member of two not-for-profit institutions, Rockefeller University in New York and Marine Remuneration and Nomination Committees. Mr Morrison is a Non-Executive Biological Laboratory Woods Hole. He is also a non-executive director of Director of Georgia Capital PLC. Mr Morrison spent most of his career (28 years) Georgia Capital PLC. at Sullivan & Cromwell LLP where served as Managing Partner of the firm’s Education: Mr Huyett earned a BS in Electrical Engineering and an MBA Continental European offices. His practice focused on advising public companies in from the University of Virginia. a transactional context, including capital raisings, IPOs and mergers and acquisitions. Mr Morrison is the author of several publications on securities law-related topics and 2. Nick Gamkrelidze was recognised as a leading lawyer in Germany and France. In 2008, Mr Morrison Chief Executive Officer turned his attention to conservation finance as the Founding CEO of the Caucasus Nature Fund (CNF), a charitable trust dedicated to wilderness protection in Georgia, Nikoloz Gamkrelidze was appointed as Chief Executive Officer on 28 August Armenia and Azerbaijan. He now acts as Chair of CNF’s supervisory board and 2015 and was elected by shareholders at the 2016 AGM and re-elected at serves as well as on the boards of two other conservation trusts he helped to create the 2017 and 2018 AGMs. He also serves as CEO to JSC GHG and JSC Evex, in 2015 and 2016. Mr Morrison received his undergraduate degree from Yale College Deputy Chairman of the Supervisory Board of JSC Evex, and Chairman of the and his law degree from the University of California, Los Angeles. He was also Supervisory Boards of JSC Imedi L and JSC GEPHA. a Fulbright scholar at the University of Frankfurt. Skills and experience: Mr Gamkrelidze was Deputy CEO Finance of BGEO Education: Mr Morrison received his undergraduate degree from Yale College Group PLC from October 2012 to December 2014, and CEO of Insurance and his law degree from the University of California at Los Angeles. He was also Company Aldagi (which included the predecessor companies of GHG Group) a Fulbright scholar at the University of Frankfurt. from 2007 to 2012. Previously Mr Gamkrelidze served as CEO of My Family Clinic from October 2005 to October 2007. Mr Gamkrelidze was a consultant at 5. Fabian Blank the Primary Healthcare Development Project (a World Bank Project) and worked Independent Non-Executive Director on the development of pharmaceutical policy and regulation in Georgia. Before joining the Primary Healthcare Development Project, he was the Head of the Fabian Blank was appointed as an Independent Non-executive Director on Personal Risks Insurance Department at BCI Insurance Company from 2002 20 September 2018. He has also been appointed as a member of the Clinical to 2003. Mr Gamkrelidze started his career at the Georgian State Medical Quality and Safety Committee and the Nomination Committee. Mr Blank was Insurance Company in 1998, where he worked for two years. Before joining also appointed as a member of the Supervisory Board of JSC GHG and of its the Primary Healthcare Development Project, he was the Head of the Personal Clinical Quality and Safety Committee. Risks Insurance Department at BCI Insurance Company from 2002 to 2003. Skills and Experience: Mr. Blank is an entrepreneur, investor and senior Education: Mr Gamkrelidze graduated from the Tbilisi State Medical University management advisor in healthcare. He has operational leadership experience with distinctions, and holds an MA in International Healthcare Management in healthcare services, and a strong background in digital health and technology. from the Imperial College Business School. Mr. Blank is an early stage investor and founder in digital health, actively involved in a portfolio of patient-centric start-ups. As an independent senior management 3. Irakli Gilauri and board-level advisor, he works with healthcare providers and payers, medical technology companies and private equity firms looking at growth opportunities Non-Executive Director in healthcare including digital transformation, innovation/disruption and M&A. Irakli Gilauri joined the Board, initially as Chairman, on 4 September 2015 and Previously, Mr. Blank was co-owner and CEO of a mid-sized rehab clinic group was elected as a Non-Executive Director by shareholders at the 2016 AGM and focused on post-acute treatment in orthopaedics and cardiology. He grew re-elected by shareholders at the 2017 and 2018 AGMs. He resigned as Chairman utilisation, revenues, and EBITDA in a mature, highly competitive market before in September 2018 and remains on the Board as a Non-Executive Director. He exiting the firm to a private equity group. He started his career at McKinsey is a member of the Nomination Committee. Mr Gilauri is also a member of the & Company throughout his 13 years and as a Partner at McKinsey, he focused Supervisory Board of JSC GHG and serves as Chairman of the Supervisory Board on growth topics and consumer centric functions in mobile telecoms and of JSC Evex. healthcare services. He spent the majority of his time in high growth markets, Skills and experience: Mr Gilauri was Chief Executive Officer of BGEO Group working in more than 20 countries across Eastern Europe, Sub Saharan Africa, PLC from 2011 to May 2018, and was appointed Chairman of Bank of Georgia in India and South East Asia. September 2015 having previously served as Chief Executive Officer of the Bank Education: Mr Blank holds a graduate degree in business management since May 2006. Mr Gilauri joined Bank of Georgia as Chief Financial Officer in (Diplom Kaufmann) from HHL-Leipzig Graduate School of Management, 2004. Before his employment with Bank of Georgia, Mr Gilauri was a banker at with semesters at Barcelona’s ESADE and Boston University’s School of the EBRD’s Tbilisi and London offices for five years. He currently serves as CEO Management. He obtained his intermediate business diploma (Vordiplom) and on the Supervisory Board of JSC Georgia Capital Group. Mr Gilauri is also from University of Trier. an Executive Director, as CEO and Chairman, of Georgia Capital plc. 72