Investor Presentaiton

Export growth WTO member since 2000. No quantitative restrictions on trade; As of November 2007 Georgia has entered into a FTA with Turkey One of the two beneficiaries of the EU GSP+ Scheme in the CIS since 2006, which grants local companies the right to export 7,200 categories of goods duty-free into the EU. US- Georgia charter on Strategic Partnership envisions an update of Bilateral Investment Treaty, expansion of Georgian access to the GSP and the possibility of entry into Free Trade Agreement Export growth of 33% y-o-y nine months 2010 driven by exports of main export items: agricultural products, ferroalloy, precious metals, aircraft, rail car, vessels, fertilizers and machinery Significant investments made in export oriented companies. Import of capital goods amounted to c.13% of GDP from 2004 to 2009 Rapidly growing tourism sector. C.US$1.4B of donor money earmarked for investments in infrastructure. 2010 a record year in number of tourists visiting Georgia Huge untapped hydro-power resources. Only 18% of Georgia's hydro potential of 50 GWh is being utilized; 1,200 MW transmission line to Turkey will become operational in 2013 which will significantly boost export potential to Turkey Source: National Statistics Office of Georgia, Ministry of Energy of Georgia Labo BANK OF GEORGIA www.bog.ge/ir Electricity Export/Import mln kWh 2,000 1,500 1,000 1,279 500 236 749 634 679 494 1.327 200 71 122 96 30 (255) (434) (649) (48) (777) (500) (1,080) (1,288) (1,399) (681) (1,000) (844) (1,217) (1,277) 2003 2004 2005 2006 2007 2008 2009 Sep-10 Export Import Net export (1,500) Number of tourists '000 2,500 2,000 1,500 1,000 560 500 368 313 2003 2004 2005 Europe excluding Turkey 1,500 1,290 1,052 983 1,950 2006 2007 CIS 2008 Turkey 2009 2010F Other November 2010 Page 11

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