Investor Presentaiton

GDP per capita is low, leaving much room to climb GDP per capita across countries US$ 45,000 40,000 35,000 30,000 25,000 20,000 13,980 15,000 12,530 10,580 10,000 7,770 8,230 5,190 3,850 5,000 2,520 2,450 39,000 Ukraine Georgia China Belarus Romania Russia Poland Hungary Estonia Western Europe average (EU US$ 15+) 4,500 4,000 3,500 2,984 3,012 2,921 3,000 2,737 2,641 2,555 2,500 2,000 1,500 1,000 500 0 Bulgaria 2003 Source: IMF, National Bank of Georgia Labkon BANK OF GEORGIA www.bog.ge/ir Turkey 2002 Romania 2003 Georgia 2008 Russia 2003 Serbia 2004 September 2010 Page 8

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