Bank of Georgia Financial Overview

Insurance and Healthcare (ABCI), cont'd Loss ratio & combined ratio* ABCI Profits & ROAE 100.0% 93.7% GEL mln 89.5% 88.9% 90.0% 8.0 80.0% 7.0 70.0% 63.4% 56.9% 57.0% 6.0 60.0% 7.3 28.0% 27.4% 5.6 26.1% 26.0% 5.0 50.0% 40.0% 4.0 3.0 30.0% 3.0 24.3% 24.0% 20.0% 2.0 10.0% 1.0 0.0% 2009 2010 2011 0.0 22.0% 2009 2010 2011 ■Loss ratio, ABCI ■Combined ratio, ABCI Net profit ROAE * Combined ratio is calculated by taking the sum of incurred losses and expenses and then dividing them by earned premium BANK OF GEORGIA www.bogh.co.uk www.bankofgeorgia.ge/ir May 2012 Page 29

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