Financial Statements of Q3 2013

Revenue for the first nine months of 2013 was GEL 349.9 million, just 0.4% lower than in the same period of the year 2012.

EBITDA for the nine month period ended 30 September 2013 amounted to GEL 169.7 million driving EBITDA Margin to 48.5% thus improving from H1 EBITDA Margin of 45.0%.

Full Financial Statements are available at the company's website:

http://railway.ge/files/audit/2013/fs_gr_q3_2013.pdf