Q1 2010 Financial Overview

Consolidated Operating profit, Provision expense Normalized net operating income Net provision expense BoG Consolidated GEL mln 120.0 Related to the armed conflict GEL mln Net provision 45.0 expenses 40.0 38.7 improved by 37.3 36.6 36.3 37.1 34.3 100.0 34.3 75.7% q-o-q 35.0 30.8 29.6 30.0 80.0 Bank of Georgia 25.0 60.0 Standalone Net 20.0 provision 15.0 40.0 expenses declined by 10.0 20.0 32.6% q-o-q 5.0 103.2 in August 2008 ........ 10.9 32.1 40.7 30.0 30.3 7.4 Q1 2008 Q2 2008 Q3 2008 Q4 2008 Q1 2009 Q2 2009 Q3 2009 Q4 2009 Q1 2010 Net provision expense BG Bank Standalone GEL mln 7.5 7.2 0.0 0.0 Q1 2008 Q2 2008 Q3 2008 Q4 2008 Q1 2009 Q2 2009 Q3 2009 Q4 2009 Q1 2010 Net Income for Q1 2010 was GEL 16.8 mln. Net provision expense BoG Standalone GEL mln 160 120 1420 140 103.9 100 88 80 60 60 40 20 20 62 8.6 6.7 (4.5) 30.0 25.0 20.0 18.2 15.0 10.0 29.6 24.0 18.2 17.7 12.3 5.0 0.4 (1.3) 0.5 0.0 0 Q1 2008 Q2 2008 Q3 2008 Q4 2008 Q1 2009 Q2 2009 Q3 2009 Q4 2009 Q1 2010 -20 -40 Lobko BANK OF GEORGIA www.bog.ge/ir (5.0) 8.5 12.9 11.0 9.3 بلتنا (1.6) Q1 2008 Q2 2008 Q3 2008 Q4 2008 Q1 2009 Q2 2009 Q3 2009 Q4 2009 Q1 2010 May 2010 Page 35

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