Q3 2009 Results Overview

Operating profit, Provision expense Consolidated Net Normalized net operating income, profit provision expenses of before provisions improved by 26.3% q-o-q Bank of Georgia Standalone Net GEL mln 60 Revaluation of investment property, restructuring, etc Net provision expense BoG Consolidated GEL mln 45.1 120 40.5 38.7 40 36.6 37.1 36.3 37.136.8 33.7 34.3 34.0 34.332.4 80 provision expenses declined 20 103.2 -26.3% 0 Q1 2008 Q2 2008 by 40.2% q-o-q FBG Bank's Net provision expense grew by 17.1% q- 0-q which drove overall changes higher Net income for 8.7 Net provision expense BoG Standalone War Related Provisions 40 40.7 32.1 30.0 15.0 7.5 7.2 0 Q3 2008 Q4 2008 Q1 2009 Q2 2009 Q3 2009 Q1 2008 Q2 2008 Q3 2008 Q4 2008 Q1 2009 Q2 2009 Q3 2009 Normalised Net Opearting Income Profit before provisions Net provision expense BG Bank Standalone +17.1% Q3 2009 was GEL 2.6 mln. 2009 YTD Net income was GEL GEL mln 160 3.4 mln (161.2% y-o-y growth) 110 GEL mln 20.0 -40.2% 15.0 103.9 10.0 60 24.0 29.6 17.7 5.0 6.7 8.6 (2.1) (1.3) 10 0.4 0.5 18.2 9.3 11.0 13.0 lui 0.0 Q1 2008 Q2 2008 Q3 2008 Q4 2008 Q1 2009 Q2 2009 Q3 2009 Q1 2008 Q2 2008 Q3 2008 Q4 2008 Q1 2009 Q2 2009 Q3 2009 -40 -5.0 Lobko BANK OF GEORGIA www.bog.ge/ir January 2010 Page 43

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