Q3 2009 Results Overview

In Q3 2009 Total operating Income/Revenue was GEL 79.3 mln Revenue Revenue GEL mln 100 85.9 86.6 86.1 81.7 81.1 80.6 79.3 (-1.6% q-o-q decline) 30.3 27.1 30.2 31.3 29.3 31.1 30.4 In 9 months 2009 50 Total operating Income/Revenue was GEL 241.6 mln (-4.5% y-o-y decline) 55.8 58.9 56.4 49.8 52.4 49.5 48.9 0 Q1 2008 Q2 2008 Q3 2008 Q4 2008 Q1 2009 Q2 2009 Q3 2009 Net Interest Income Net Non-Interest Income Revenue by segments Q3 2009 Belarus 2.6% GEL 2.1mln (22.6% q-o-q) Aldagi BCI 8.0% GEL6.3mln (1.9% q-o-q) Other 5.2% GEL 4.1 mln (-13.9% q-o-q) Ukraine 6.6% GEL 5.3mln (-5.9% q-o-q) BoG Standalone 77.6% GEL61.5 mln (-1.3% q-o-q) Net interest margin (annualized) Georgia accounts for 90.8% of total consolidated revenues, BG Bank 6.6% and BNB 2.6% Even though our excess liquidity in Georgia exceeded GEL 320 mln, our net interest margin stayed unchanged at 9.1% in Q3 2009 Composition of revenue Q3 2009 Net foreign Net income from currency related documentary operations 2.9% income 8.2% Net fee and commission income GEL 6.5 mln (-8.4% q-o-q) GEL 2.3 mln (30.6% q-o-q) 13.3% GEL 10.5 mln (-9.3% q-o-q) Net other non- interest income 14.0% GEL 11,1 mln (+3.5% q-o-q) 11.0% Net interest income 7.0% 61.7% GEL 48.9 mln (-1.1% q-o-q) 6.0% Lobko BANK OF GEORGIA www.bog.ge/ir Page 40 10.1% 9.8% 10.0% 10.0% 9.6% 9.1% 8.9% 9.8% 9.9% 9.3% 9.0% 9.0% 9.3% 9.1% 9.0% 8.6% 8.0% 5.0% Q1 2008 Q2 2008 Q3 2008 Q4 2008 Q1 2009 Q2 2009 Q3 2009 -Net Interest Margin, Group Consolidated Net Interest Margin, BoG Standalone January 2010 Page 40

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