Q3 2009 Results Overview

Targeted financial performance 2010 Target pre-provision profit 2010 GEL million 160 2009 Pre provision profit is normalized 134.2 127.9 135.0 for goodwill write- 120 106.8 off, investment and real estate mark- 80 downs 40 0 2007 2008 2009F 2010F Assumptions 2010 real GDP growth of 2%* in Georgia 2010 inflation rate of 3.2%* in Georgia The GEL/US$ exchange rate remains stable during 2010 ☑Geo-political stability is sustained in the region Target net provision expense 2010 GEL million 160 120 80 60 40 40 17.0 128.7 130.8 50.0 2007 2008 2009F 2010F Lobko BANK OF GEORGIA www.bog.ge/ir January 2010 Page 30

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