Bank of Georgia Financial Overview

Strong profitability and excellent capital adequacy ROE c.20% Profit from continuing operations up 82.6% to GEL 150.9 mln in 2011 vs. 2010 Other non-interest income surged 87.6% to GEL 108.9 mln in 2011 ☑Operational efficiency/scale: Cost to income ratio improved to 49% in 2011 from 58% in 2010 Prudent risk management: Cost of risk of 0.7% in 2011 2011 ROAE of 20.6%; compared to 2010 ROAE of 13.5% TIER I c.20% ☑Conservative National Bank of Georgia (NBG) regulation Risk weighting of FX assets at 175%, Bank's leverage at 3.5x as of 31 March 2012 ☑Strong internal cash generation to support loan growth without compromising capital ratios BIS Tier I of 23.2% and BIS Total Capital ratio of 29.7% as of 31 March 2012 NBG Tier I 15.2% and NBG Total Capital of 18.2% as of 31 March 12 Growth c.20% Strong growth across the board supported by synergistic business Loan book growth 15.7%** in 2011 Customer funds grew 3.2** times compared to the loan book growth rate of 49.5%** Consumer driven franchise with robust sales force to increase cross selling with synergistic businesses Increase in contribution from synergistic business in the group's profit * Impairment of interest earning assets of the period to average interest earning assets **Excluding BG Bank in 2012 BANK OF GEORGIA www.bogh.co.uk www.bankofgeorgia.ge/ir May 2012 Page 5

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