Expected Q4 2009 Financial Performance

☑Total assets declined by 5.5% y-o-y Gross loans Assets & liabilities Total assets +2.5% GEL mln 4,000.0 3,147.7 3,400.7 3,154.3 3,258.9 3,186.8 2,907.8 2,980.2 declined by 11.0% y-o-y 2,000.0 2,106.7 1,855.7 2,059.7 2,189.4 2,046.8 1,904.7 -10.4% 1,833.1 Q1 2008 Q2 2008 Q3 2008 Q4 2008 Q1 2009 Q2 2009 Q3 2009 Gross Loans Corporate loan book breakdown Lobko BANK OF GEORGIA Pharmaceuticals and Healthcare, 2% Other, 11% Industry & State, 10% Construction & Real Estate, 17% www.bog.ge/ir Trade, 36% FMCG, 15% Energy, 9% Loan book Ukraine 10.2% Belarus 1.4% RB & WM 47.3% CB 41.5% Retail loan book breakdown Micro loans, 11% Credit cards and overdrafts, 17% Consumer and other*, 31% Mortgage loans, 41% January 2010 Page 44

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