Bank of Georgia Financial Overview

40.0% Risk weighting of 34.7% FX denominated 35.0% 28.5% 29.7% loans at 175% 30.0% 26.6% Excellent capital adequacy position BIS capital adequacy ratios, Consolidated NBG capital adequacy ratios, Standalone Tier I Ratio grew due to the conversion of EBRD & IFC loans of US$50 mln in February 2012 and inclusion of 2011 profit according to the 25.0% 22.4% 23.2% 25.0% National Bank of 19.9% 19.7% 20.0% 17.5% 20.0% Georgia standards 16.8% 16.2% 18.2% 10.5% 15.0% 13.0% 15.0% 14.5% 12%: Minimum CAR requirement 15.2% NBG requires that 10.0% 10.0% investments in 5.0% subsidiaries of 8%: Minimum Tier 1 requirement 0.0% 5.0% more than 50% to 2009 2010 2011 Q1 2012 be deducted from ■Tier I Capital Adequacy Ratio Total Capital Adequacy Ratio 0.0% Total Capital 2009 2010 2011 Q1 2012 ■Total Capital Adequacy Ratio Risk-weighted assets BIS vs. NBG ■Tier I Capital Adequacy Ratio NBG Tier I Capital and Total Capital GEL mln 6,000 GEL mln Q1 2012 Tier I Capital (Core) 738.5 4,873 4,845 5,000 4,000 Tier 2 Capital (Supplementary) 333.7 YE 2011 512.2 463.8 Change 44.2% -28.1% 4,126 Less: Deductions 3,653 3,801 3,839 (191.3) (184.3) 3.8% Total Capital 880.9 791.7 11.3% 2,717 3,000 2,455 Risk weighted assets 4,845.2 4,872.9 -0.6% 2,000 Tier 1 Capital ratio 15.2% 10.5% 45.0% 1,000 Total Capital ratio 18.2% 16.2% 11.9% 2009 2010 2011 Q1 2012 ■BIS ■NBG BANK OF GEORGIA www.bogh.co.uk www.bankofgeorgia.ge/ir May 2012 Page 21

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