Investor Presentaiton

GDP per capita is low, leaving much room to climb GDP per capita across countries US$ 35,000 30,000 25,000 20,000 18,256 14,402 15,000 12,914 11,302 10,000 8,681 8,711 7,523 5,166 5,000 3,735 2,569 2,610 31,778 Ukraine 2009 Georgia 2010F China 2009 Belarus 2009 Romania 2009 Russia 2009 Turkey2009 Poland 2009 Hungary 2009 Estonia 2009 US$ Czech Republic 2009 EU Average 2009 4,500 4,000- 3,500- 2,984 3,012 3,000- 2,555 2,610 2,641 2,737 2,500 2,000- 1,500- 1,000- 500 0+ Bulgaria 2003 Georgia 2010F Turkey 2002 Romania 2003 Russia 2003 Serbia 2004 Source: IMF, National Bank of Georgia Labkon BANK OF GEORGIA www.bog.ge/ir November 2010 Page 7

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