Strategy & Governance

Strong economic growth before crisis ... starting again? Gross domestic product (GDP) US$ billion 14 11.1% 12 10 8 6 4 2 0 -2 2003 5.9% 9.6% 9.4% 12.3% ||| 1% 15% 13% 11% 9% 7% 5% 2.0% 3% 1% -1% 4.0% -3% -5% 2004 2005 2006 2007 2008 2009F 2010F Nominal GDP (LHS) Real GDP Growth (RHS) GDP per capita US$ 6,000 4,900 4,863 5,000 4,664 4,747 4,038 4,000 3,644 3,242 2,966 2,920 2,920 3,000 2,802 2,315 2,000 1,764 1,484 1,188 919 1,000 0 2003 2007 Source: State Statistics Department of Georgia Lobko BANK OF GEORGIA www.bog.ge/ir 2004 2005 2006 2008 2009F 2010F ■Nominal GDP per capita ■GDP per capita PPP March 2010 Page 9

View entire presentation