Fiscal and Loan Portfolio Analysis

Lobko FDI picking up again... Quarterly FDI inflows US$ mln 800.0 700.0 600.0 500.0 400.0 300.0 200.0 100.0 0.0 Q1 Q2 '05 '05 89.4 105.S × 2 / 75.6 ཛྱ£ 178.9 46.0 306.9 280.7 456.7 421.4 401.5 489.1 702.9 537.7 605.4 34.7 286.2 129.8 151.8 223.6 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 78 88 28 88 30 98 98 98 00 00 88 80 88 '05 '05 '06 '06 '06 '06 '07 '07 '07 '07 '08 '08 '08 '08 '09 '09 '09 FDI Inflows USS mln 2,500.0 2,000.0 1,500.0 15.3% 9.7% 1,000.0 7.0% 1,190.4 19.8% 12.2% 25.0% 20.0% 15.0% 2,014.8 10.0% 6.7% 1,564.0 500.0 5.0% 830.0 499.1 449.8 0.0 0.0% 88 Q3 2004 2005 2006 2007 2008 2009F Net FDI -Net FDI as % of GDP Cumulative net FDI breakdown by origin 2004- Q3 2009 Country US$ mln % FDI breakdown by sectors (2007- Q3 2009) Banking system, 5.1% Not stated, 1.0% Agriculture, 0.6% UK 743,438 11.9% UAE 583,076 9.4% USA 484,902 7.8% Turkey 515,407 8.3% Other services, 18.9% Industry, 16.9% Netherlands 500,328 8.0% British Virgin Islands 416,323 6.7% Kazakhstan 307,651 4.9% Energy sector, 17.4% Czech Republic 290,804 4.7% Real estate, 12.2% Cyprus 296,459 4.8% Subtotal 4,138,387 66.5% Other countries 2,084,856 33.5% Transports and communications 28 .6% Construction, 6.2% Total 6,223,243 100.0% BANK OF GEORGIA www.bog.ge/ir March 2010 Page 12

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