Fiscal and Loan Portfolio Analysis

Introduction to Bank of Georgia The leading universal bank in Georgia No.1 by assets (33.0%), (¹) loans (31.8%), (¹) client deposits (28.3%) (¹) and equity (38.6%) (¹) Leading retail banking, with top brand, best distribution network and broadest range of services of any bank in Georgia Retail Accounts Cards Outstanding Branches FATMs December September December 2009 2009 2008 999,000+ 895,000+ 866,000+ 537,000+ 569,000+ 639,000+ 141 140 151 382 394 416 Leading corporate bank with approximately 82,000 legal entities and over 153,000 current accounts Leading card-processing, leasing, insurance and wealth management services provider Banking operations in Ukraine and Belarus, with BG Bank (Ukraine) and BNB (Belarus) accounting for less than 10% of BoG's consolidated total assets The only Georgian entity with credit ratings from all three global rating agencies S&P: 'B/B' at the sovereign ceiling Fitch Ratings: 'B/B' Moody's: 'B3/NP (FC)' & 'Ba3/NP (LC)' Listed on the London Stock Exchange (GDRs) and Georgian Stock Exchange Market Cap (LSE) US$ 313 mln as of 25 February 2010 Approximately 95% free float Issue of the first ever Eurobonds in Georgia Bloomberg: BKGEO; 5 year, 9%, US$200 mln B/Ba2/B (composite B+) (1) All data according to the NBG as of 31 December 2009 Labo BANK OF GEORGIA www.bog.ge/ir March 2010 Page 2

View entire presentation