GHG announces appointment of Deputy CEO

London, 16 March 2016 

Georgia Healthcare Group Announces Appointment of Deputy CEO,

Ambulatory and Pharmaceutical Businesses

Georgia Healthcare Group PLC (the "Group" or "GHG") announces that George Arveladze has been appointed as the Deputy CEO, in charge of the ambulatory and pharmaceutical businesses of the Group, with immediate effect.

"I am delighted to welcome George to our management team. He brings strong knowledge of and experience in the Georgian retail sector, having led one of the major retail banks in the country, where he successfully grew its retail footprint over a number of years. In addition to his extensive experience in retail, he has an excellent operational track record which will be invaluable to Georgia Healthcare Group. I look forward to the contributions he will make in his new role," commented Nikoloz Gamkrelidze, CEO of Georgia Healthcare Group.

Prior to joining GHG, Mr. Arveladze worked as a CEO of Liberty Bank, Georgia's 3rd largest retail bank with more than 5,300 employees and over 650 branches throughout the country, which he led since 2013 delivering c.200% net profit cumulative annual growth in 2 years, an impressive and strong performance. Prior to his appointment as CEO, Mr. Arveladze served as Deputy CEO in charge of Strategic Projects, Treasury and Private Banking (2009-2011 years) and Deputy CEO, Chief Operating Officer (2011-2013 years). Before returning to Georgia in 2009, he worked in structured product sales at BNP Paribas in London. Prior that, he worked at the National Bank of Georgia. Mr. Arveladze holds an MBA from London Business School.

About Georgia Healthcare Group PLC

Georgia Healthcare Group PLC is a UK incorporated holding company of the largest healthcare services provider in the fast-growing, predominantly privately-owned, Georgian healthcare services market. GHG's leadership position is underpinned by offering the most comprehensive range of inpatient and outpatient services targeting the mass market segment through its vertically integrated network of 35 hospitals and ten ambulatory clinics, as at 31 December 2015. GHG is the single largest market participant, accounting for 26.6% of total hospital bed capacity in the country as of 31 December 2015. GHG is also the largest provider of medical insurance in Georgia with a 38.4% market share based on net insurance premiums earned and approximately 234,000 insurance customers as at 31 December 2015. GHG employed a total of c.9,700 people as at 31 December 2015, including 2,705 physicians

For further information, please visit www.ghg.com.ge or contact: 

This news report is presented for general informational purposes only and should not be construed as an offer to sell or the solicitation of an offer to buy any securities