Investor Presentaiton

4x20 strategy – Strong performance in 2015, 9M We are a Georgia Focused Banking Group with an Investment Arm Banking Business Investment Business 1 ROE ROAE of 23.3% in 3015 c.20% ROAE of 20.6% in 9M15 4 2 Tier I c.20% 3 Retail Growth c.20% 27.7% y-o-y growth on constant currency basis N/A became non-relevant: - 1. Regulation moved to Basel 2/3 2.In the context of excess capital of c. GEL700mln at HoldCo, have efficient capital management at bank 48.0% y-o-y growth Min. IRR of 20% 121% IRR from GHG IPO 65% IRR from m2 Real Estate projects Profit Contribution Target: At least 80% 9M15: GEL 194mln or 90% 9M15: Target: Up to 20% GEL 22mln or 10% Ongoing Dividends Holding company of BANK OF GEORGIA Ordinary dividends: • Dividend 2014 was GEL 2.1/share GEL 80.4mln total, 31.2% payout ratio BGEO www.bgeo.com November 2015 GROUP Capital return: Planned US$ 10mln management trust share buy- back page 7

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