Investor Presentaiton

Strategic objectives: grow at the right price More efficient Deposit funding Lending machine Focus on International operations Enhance operational efficiency through technological improvements: Temenos T24, core banking software, acquired in October ‘09 is in the process of implementation; Deployment of Softscape, talent management solution, and CRIF, credit scoring solution, is under way Wealth Management services launched in Israel, Ukraine and London Deposits from international clients reach GEL 135 mln, c. 8% of total deposits in Q3 2010 Premier Banking launched for the affluent client base supported by the exclusivity of Amex Card issuing and acquiring business in Georgia Despite high rate of bank debt growth in '05-'09, ample room for growth with total loans/GDP under 30%; retail loans/GDP under 10% Both corporate and retail lending stepped up in Georgia, Corporate loans up 18.0% YTD and Retail loans up 21.6% YTD Emphasis on micro loans, SMEs, consumer loans and mortgages in Georgia Focus on restructuring of Ukrainian operations, with options varying from further scale down to divesting Focus on high margin, unattended SME sector in Belarus; 19.99% of equity interest in BNB sold to IFC in 1H 2010 First stage of restructuring of equity investment business completed Controlling stake in investment management company sold Lobko BANK OF GEORGIA www.bog.ge/ir November 2010 Page 18

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