BGEO Group Financial Update

BGEO BGEO | Strong revenue growth, with positive operating leverage Revenue nine-month | Revenue quarterly BGEO GEL millions +37.0% +43.2% +8.2% 700 615.0 600 78.5 Investment business 6.0 449.0 166.1 500 72.5 400 300 550.2 Banking business 200 384.1 100 0 (7.7) Revenue 9M14 Eliminations (13.6) Banking Business Investment Business Revenue 9M15 -100 Change y-o-y Operating expenses | nine-month BGEO GEL millions +22.7% +24.1% +16.2% 250 187.8 230.5 36.3 38.2 5.1 Investment business 200 31.2 150 100 158.5 50 196.7 Banking business Eliminations 0 (1.9) (2.5) Operating expenses Banking Business Investment Business Operating expenses -50 9M14 9M5 Change y-o-y Holding company of BANK OF GEORGIA BGEO www.bgeo.com GROUP November 2015 GEL millions GEL millions +36.0% +39.4% +20.2% 216.6 230 30.6 5.1 Investment business 180 159.2 53.8 25.5 130 80 136.3 30 190.0 Banking business Eliminations (2.5) -20 Revenue 3Q14 Banking Business Investment Business (4.0) Revenue 3Q15 Change y-o-y Operating expenses | quarterly BGEO +18.3% +20.9% +6.6% 77.6 80 65.6 70 11.4 0.8 12.2 Investment business 60 11.5 50 40 30 54.7 66.2 Banking business 20 10 Eliminations 0 (0.6) -10 Operating expenses Banking Business 3Q14 Investment Business Change y-o-y (0.8) Operating expenses 3Q15 page 13

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