Q3 2009 Results Overview

Equity & Capital adequacy Total Shareholder's equity GEL mln NBG capital adequacy ratios, BoG Standalone 30.0% 900.0 20.4% 783.0 20.0% 18.3% 18.2% 17.8% 746.7 739.3 15.8% 16.6% 16.4% 750.0 718.8 718.5 711.8 709.9 21.2% 10.0% 17.4% 18.4% 16.3% 15.1% 15.5% 13.5% 600.0 Q1 2008 Q2 2008 Q3 2008 Q4 2008 Q1 2009 Q2 2009 Q3 2009 0.0% Q1 2008 Q2 2008 Q3 2008 ■Tier I Capital Adequacy Ratio BIS capital adequacy ratios, BoG Consolidated 40.0% 30.0% 25.4% 25.2% 25.0% 24.7% 23.9% 22.5% 22.2% 25.8% 20.0% 25.8% 25.3% 27.3% 31.7% 34.2% 34.6% 10.0% 0.0% Q1 2008 Q2 2008 Q3 2008 Q4 2008 Tier I Capital Adequacy Ratio Q1 2009 Q2 2009 Q3 2009 Total Capital Adequacy Ratio Lobko BANK OF GEORGIA www.bog.ge/ir Q4 2008 Q1 2009 Q2 2009 Q3 2009 ■Total Capital Adequacy Ratio Highlights Total Capital Adequacy Ratio of Bank of Georgia Standalone grew to 21.2% from 18.4% in Q2 2009 Tier 1 Capital adequacy Ratio of Bank of Georgia Standalone grew to 20.4% from 17.8% in Q2 2009 Both ratios by NBG standards The increase mostly a result of the Georgian FSA's decision to reduce the risk-weighting of foreign currency denominated loans from 175% to 150% January 2010 Page 47

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