BGEO Group Financial Update

Source: NBG BOP pressure on lari eased in 2Q15 BOP: 1Q15 vs 1Q14, trade deficit widened, reserves down BOP: 2Q15 vs 2Q14, trade deficit narrowed, reserves up As % of 1Q15 GDP As % of 2015 GDP Trade deficit (goods) Tourism, net Current transfers, net +14.4% 29.4% Trade deficit (goods) -7.0% 29.1% -4.0% 7.3% -3.8% 10.4% Tourism, net Current transfers, net +5.6% 11.1% +15.4% CA deficit +29.1% 12.4% 13.8% CA deficit -16.2% -53.1% FDI, net 10.4% 3.6% +121.1% FDI, net Other investments, net 9.2% Other investments, net Reserves decrease US$ mn -1,500 -1,000 -500 0 500 ■1Q15 ■1Q14 increase Reserves -1,500 -1,000 -500 0 500 ■2Q15 ■ 2Q14 US$/GEL exchange rate Jan-13 Feb-13 Mar-13 Apr-13 May-13 Jun-13 Jul-13 Sep-13 Oct-13 80% 2.7 2.5 1Q15 BOP pressure Aug-Sep deposit dollarization 75% 70% 2.3 65% 2.1 2Q15 BOP Dec-Jan deposit 1.9 dollarization pressure eased 60% 1.7 55% 1.5 Source: NBG Nov-13 Dec-13 Jan-14 Feb-14 Apr-14 May-14 Jun-14 Jul-14 Aug-14 Sep-14 Oct-14 Dec-14 Jan-15 Feb-15 15 Mar-15 Apr-15 May-15 Jun-15 Aug-15 Sep-15 Oct-15 Holding company of BANK OF GEORGIA BGEO www.bgeo.com GROUP November 2015 Jan-11 May-11 Source: NBG Deposit dollarization increased further in August-Septmber Sep-11 Jan-12 May-12 Sep-12 Jan-13 May-13 Sep-13 Jan-14 May-14 Sep-14 Source: NBG Deposit dollarization Jan-15 May-15 Loan dollarization Sep-15 page 67 80% 75% 70% 65% 60% 55%

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