BGEO Group Financial Update

40% Current account balance, as % of GDP 30% Tourism revenues on the rise Strong FDI pattern drives trade deficit; Services and remittances compensating c.70% 20% 10% 0% -10% -20% -30% Trade -40% Deficit 2003 2004 2005 2006 2007 2008 Goods, net Transfers, net Source: GeoStat, NBG, G&T Research Trade deficit down on the back of lower consumer goods imports 30% 20% 10% 10% 0% -10% -20% -30% -40% Jan-14 Mar-14 29% 20% 6% 8% 13% 2% 2% 14% 9% May-14 Jul-14 Sep-14 Nov-14 Source: GeoStat; excluding one-offs Jan-15 Mar-15 May-15% Services, net CA deficit Remittances Income, net net FDI Trade Deficit mainly driven by FDI 70% of Trade Deficit is financed by services exports (mainly tourism, with strong growth potential) and remittances (diversified by countries) Tourism remains resilient 1.0 20% Trade deficit, % change, y/y 19% 20% Tourist arrivals 160 0.8 0.5 9% سلالة 9%11% 0.3 0.0 Nuwith Remittances 15% 120 10% 80 5% 40 0% 0 -0.3 -5% 0% -40 -7% -0.5 -10% -11% -80 -18% -28% Jan-14 Feb-14 Mar-14 Apr-14 May-14 Jun-14 Jul-14 Aug-14 Sep-14 Oct-14 Nov-14 Dec-14 Jan-15 Feb-15 Mar-15 Apr-15 May-15 Jun-15 Jul-15 Aug-15 Sep-15 Oct-15 Jan-14 Feb-14 Mar-14 Apr-14 May-14 Jun-14 Jul-14 Aug-14 Sep-14 Oct-14 Holding company of BANK OF GEORGIA BGEO www.bgeo.com GROUP November 2015 - Sep-15 International arrivals, mn % change, y/y Source: GNTA Remittances down from Russia and Greece Inflow, US$ mn % change, y/y Source: NBG Nov-14 Dec-14 Jan-15 Feb-15 Mar-15 Apr-15 May-15 Jun-15 Jul-15 80% 60% 40% 20% 0% -32.9% -20% -40% Aug-15 Sep-15 page 68

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