Investor Presentaiton

Equity & Capital adequacy Total Shareholder's equity GEL mln 900.0 Risk weighting of FX denominated assets at 150% according to the National Bank of Georgia standards Risk weighting of FX denominated assets will be 600.0 783.0 746.7 739.3 718.8 711.8 709.9 718.5 25% NBG capital adequacy ratios, BoG Standalone 679.6 649.8 15% 611.7 598.4 20.4% 19.7% 20% 18.3% 18.2% 17.8% 17.7% 16.6% 16.4% 15.8% 15.8% 15.2% 13.7% 10% 16.3% 16.8% 15.1% 15.5% 15.9% 15.7% 13.5% 17.4% 18.4% 21.2% 14.5% 14.2% 5% increased to 175% 300.0 from January Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 2008 2008 2008 2008 2009 2009 2009 2009 2010 2010 2010 Q3 0% Q1 2008 Q2 2008 Q3 2008 Q4 2008 Q1 2009 Q2 2009 Q3 2009 Q4 2009 Q1 2010 Q2 2010 Q3 2010 Tier I Capital Adequacy Ratio Total Capital Adequacy Ratio Q3 2010* *Pro forma for new regulations 2010 BIS capital adequacy ratios, BoG Consolidated Share price performance BGEO is just 40% US$ 20.00 below the IPO 36.4% 34.6% 35.6% price 34.3% 34.7% 35% 32.7% 32.6% IPO Price 18.00 16.00 30% 134.2% y-o-y Other LSE listed 25.3% 26.3% 25.2% 25.0% 25.0% 109.0% YTD 14.00 CIS banks are 30 September 2010 BV/share US$12.01 24.7% 25% 23.5% 22.6% 22.4% 21.9% trading 40%-60% 21.6% 12.00 20.3% 19.9% below IPO price 20% 25.8% 25.8% 10.00 15% 8.00 10% 5% 0% Q1 2008 Q2 2008 Q3 2008 Q4 2008 Q1 2009 ■Tier I Capital Adequacy Ratio Q2 2009 Q3 2009 Q4 2009 Q1 2010 Q2 2010 Q3 2010 ■Total Capital Adequacy Ratio Lobko BANK OF GEORGIA www.bog.ge/ir 6.00 4.00 2.00 0.00 1-Jan-09 YTD # of GDRs traded 19.1 mln Volume: US$ 222.8 mln 1-Feb-09 1-Mar-09 1-Apr-09 1-May-09 1-Jun-09 1-Jul-09 1-Aug-09 1-Sep-09 1-Oct-09 1-Nov-09 1-Dec-09 1-Jan-10 1-Feb-10 1-Mar-10 1-Apr-10 1-May-10 November 2010 Page 33

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