Q3 2009 Results Overview

Summary Operating environment in Georgia is improving and 2010 looks promising for Bank of Georgia: NPLs stabilized - 6% q-o-q decrease in Q3 2009 ☑Consumer confidence and economic activity is increasing - 15% q-o-q increase in client deposits in Q3 2009 - National Bank of Georgia has highest FX reserves in Georgia's history – US$2+ bn, a 56% increase in FX reserves YTD * We came out strong from the downturn and are well positioned to take advantage of our high liquidity and strong capital to achieve growth at the right price.... ....by implementing our strategy to become more efficient, deposit funded lending machine Lobko BANK OF GEORGIA www.bog.ge/ir Page 48 January 2010 Page 48

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