Bank of Georgia Financial Overview

Four main sources of capital inflow FDI inflows US$ mln Number of tourists Q1 2012 foreign visitors of 677,000, up by 39% y-o-y 2,820 19% 2,500 20% 3,000 15% 2,500 2,000 2,032 15% 2,000 1,500 1,500 1.290 10% 1,500 1,052 1,000 7% 2,015 7%0 937 1,000 763 659 1,564 560 1,190 5% 500 981 815 658 500 31347 368 177 241 313 384 447 476 450 0 0% 2003 2004 2005 2005 2006 2007 2008 2009 2010 2011E ■Foreign visitors (thousands persons) 2006 2007 2008 2009 2010 2011 ■Tourism revenues (mln USD) Net FDI Net FDI as % of GDP Sources: National Bank of Georgia, Ministry of Finance of Georgia Net remittances Q1 2012 net remittances of US$266 mln, up by 14% y-o-y Sources: Georgian National Tourism Agency, National Bank of Georgia Donor inflows US$ mln 1,400 8.2% 7.4% 7.2% 7.2% 8.1% 9% US$ mln c.US$2.0 8% 1,200 1,200 1,093 942 bn of the total 7% 1,000 830 1,000 5.4% 6% 4.9% 800 800 622 658 4.2% 5% US$4.5 bn pledged remains to 600 4% 600 695 1,168 550 be drawn 918 949 3% down 400 400 262 276 755 767 588 2% 160 177 200 420 200 315 1% 213 0 0% 0 2004 2005 2006 2007 2008 2009 2010* 2011* 2004 2005 2006 2007 2008 2009 2010 2011E Net remittances (LHS) Net remittances as % of GDP (RHS) Source: National Bank of Georgia * including remittances through micro finance institutions ■Donor Inflows. ■Brussels Pledge Implementation Sources: Ministry of Finance, Bank of Georgia estimates BANK OF GEORGIA www.bogh.co.uk www.bankofgeorgia.ge/ir May 2012 Page 38

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