Bank of Georgia Financial Overview

Competitive landscape Peer group's market share in total assets 36.2% 35.6% Peer group's market share in gross loans 40% 40% 35.9% 34.5% 33.0% 35% 31.8% 35% 30% 30% 25.4% 26.1% 23.8% 25% 25% 21.6% 21.3% 20.8% 19.1% 20% 18.7% 20% 18.7% 17.4% 16.0% 16.6% 15% 15% 10% 5% 9.8% 8.6% 8.2% 7.3% 7.7% 5.4% 5.1% 5.9% 4.1% 4.6% 3.2% 3.4% 10% 5% 10.2% 9.4% 8.8% 10.1% 6.8% 5.6% 6.1% 4.6% 3.0% 3.7% 3.9% 2.0% 0% 0% LOSONGODU NOGUT -TOB-drif BANKER TBC DANK ProCredit Bank |AE:7F Lპუტლქე BANK REPUBLIC LAT E GVTB MOSOLO AS 656.305363295 Other Banks TBC BANK ProCredit Bank BANK REPUBLIC L VTB Other Banks SAN DORIM YE 2009 ■YE 2010 YE 2011 ■YE 2009 ■YE 2010 ■YE 2011 Foreign Banks market share by assets Peer group's market share in deposits 40% 35.6% 2006 2011 35% 32.6% 30% 27.4% 28.3% 24.1% 24.1% 5% 0% Foreign banks, Foreign banks, 5% 16.7% 16.9% 13.1% 32.0% 26.2% Local Local 0% 9.1% 8.1% 17.1% banks, 68.0% banks, 5% 10.8% 8.3% 8.4% 6.9% 5.0% 6.4% 5.5% 3.1% 2.5% 73.8% 0% 20 TBC BANK 2003 ProCredit Bank BANK REPUBLIC €VTB Other Banks. YE 2009 ■YE 2010 ■YE 2011 Note: all data based on standalone accounts as reported to the National Bank of Georgia and as published by the National Bank of Georgia www.nbg.gov.ge BANK OF GEORGIA www.bogh.co.uk www.bankofgeorgia.ge/ir May 2012 Page 7

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