Q3 2009 Results Overview

2009 YTD Total Costs Recurring operating costs Employees Recurring GEL mln Operating costs -3% 4,798 Q3 2009 2,663 617 decreased by 60- -9.4% 4,914 4.9% 48.9 Q2 2009 2,660 49.7 47.9 46.3 44.9 707 44.5 44.7 4,989 Q1 2009 2,692 2009 YTD 40 757 21.6 21.3 personnel costs 18.7 24.8 22.7 23.1 22.6 4,979 Q4 2008 2,741 decreased by 786 17.0% 6,165 20 Q3 2008 3,853 789 25.7 27.3 28.4 -4% 23.1 22.0 23.2 22.3 5,909 2009 YTD Q2 2008 3,619 778 headcount 0 4,926 Q1 2008 3,056 reductions Q1 2008 Q2 2008 amounted to 181 Q3 2008 Other recurring Operating Costs Personnel costs Q4 2008 Q1 2009 Q2 2009 Q3 2009 824 0 1,000 2,000 3,000 4,000 5,000 6,000 7,000 BG Bank BoG Standalone ■Group Consolidated Recurring operating cost by segments, Q3 2009 Cost Income Ratio Aldagi BCI 8.2% GEL 3.7 mln (-7.1% q-o-q BNB Other 12.9% GEL 5.8 mln (-12.2% q-o-q) 110% 90% 90.0% 70% 60.8% 3.2% GEL 1.5 mln (-0.5% q-0-9) 59.1% 52.9% -60.7% 57.8% 53.0% BG Bank 8.7% BoG Standalone 50% 44.4% 66.9% 50.8% 50.5% 50.0% GEL 3.9 mln GEL 30.1 mln 45.1% 41.0% 42.2% (-14.3% q-o-q) (+1.3% q-o-q) 30% Q1 2008 Q2 2008 Q3 2008 Q1 2009 Q2 2009 Q3 2009 Lobko BANK OF GEORGIA www.bog.ge/ir Q4 2008 Cost/Income Ratio, Consolidated -Cost Income Ratio, Bank of Georgia Standalone January 2010 Page 42

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