Bank of Georgia Financial Overview

Positive economic outlook Gross domestic product US$ billion GDP grew GDP composition, 31 December 2011 Eduction, 4% Health, social and community work, 5% 23 12.3% 15% at 8.8% 11.1% 9.6% 9.4% 17.3 Agriculture, hunting and forestry, fishing, 8% annual rate 18 6.3% 16.0 14.4 11% in Q4 2011 5.9% 12.8 13 10.2 10.8 11.6 6.0% 5.5% 7.8 6.4 2.3 8 5.1 4.0 3 In US$ terms, -2 nominal GDP 2003 2005 2007 2009 grew 23.5% y-o-y in 2011 Nominal GDP (LHS) Sources: Geostat, IMF Projections КИТ -3.8% 2011E Real GDP Growth (RHS) 7% 0% Real estate, renting and business activities, 4% Public administration, 10% 3% Hotels and restaurants, 2% -1% Financial intermediation, Trade (Retail & Wholesale), 15% 2% -5% Construction, 5% 2013F Utilities & household processing, 6% Manufacturing, 9% Transport and Communications, 9% Mining and quarrying, 1% GDP per capita, US$ Source: National Bank of Georgia 10% 8% 6% 4% 2% 0% BANK OF GEORGIA UK Real GDP growth in 2011 1.1% 1.4% 1.8% 2.7% Hungary Czech.. Germany Poland Sources: Central Intelligence Agency, Geostat 9.2% 7.8% 6.6% 7.0% 5.2% 4.3% 3.80% Russia Ukraine Turkey Georgia www.bogh.co.uk www.bankofgeorgia.ge/ir India China 2,966 3,242 3,644 4,040 4,677 4,906 4,767 5,064 5,491 5,929 2,921 3,215 3,549 2,315 2,455 2,623 919 1,188 1,484 1,764 FFFFFFF 2007 2008 2009 2010 2011E 2012F 2003 2004 2005 2006 ■Nominal GDP per capita ■GDP per capita PPP Sources: Geostat, Ministry of Finance of Georgia, IMF May 2012 Page 35

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