Bank of Georgia Financial Overview

Wealth Management (WM) results overview Wealth Management (WM) GEL millions, unless otherwise noted Q1 2012 Q1 2011 Change 2011 2010 Change Net interest income Net fees and commission income Net gains from foreign currencies Other operating non-interest income Revenue Other operating non-interest expenses 2.9 1.7 70.6% 5.9 3.1 92.6% 0.1 0.1 0.7 0.5 30.7% 0.2 0.1 100.0% 0.7 0.6 10.0% NMF 0.1 (0.1) NMF 3.2 1.9 68.4% 7.4 4.1 80.5% 0.9 1.0 -10.0% 4.1 4.6 -10.8% Operating income before cost of credit risk 2.3 0.9 155.6% 3.2 (0.5) NMF Profit for the period from continuing operations 2.3 1.0 130.0% 3.6 2.0 80.0% Cost/Income 28.1% 52.6% 55.4% Loan yield 11.4% 12.7% 12.7% 122.0% 16% WM client deposits growth 7.3% q-0-9 GEL mln +394.5% since 2008 12.0% 600.0 487.4 454.2 10.0% 500.0 8.8% 10.2% 9.8% 8.9% 8.5% 8.0% 400.0 261.6 6.0% 300.0 163.1 4.0% 200.0 98.6 2.0% 100.0 0.0% 2008 2009 2010 2011 Q1 2012 Client deposits Overhead costs associated with WM international business Deposit Costs (excl. overheads) BANK OF GEORGIA www.bogh.co.uk www.bankofgeorgia.ge/ir Highlights Strengthening presence internationally through representative offices in Israel (since 2008) and the UK (2010). Preparing to launch local currency fixed income fund initially focusing on Caucasus region May 2012 Page 27

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