Fiscal and Loan Portfolio Analysis

Equity & Capital adequacy Total Shareholder's equity GEL mln 1000 NBG capital adequacy ratios, BoG Standalone 25% 20.4% 19.7% 20% 18.3% 18.2% 17.8% 2008 BV/share US$13.8 15.8% 16.6% 16.4% 783.0 2009 BV/share US$11.3 15% 746.7 739.3 718.8 711.8 750 709.9 718.5 10% 16.3% 5% 594.3 0% 15.1% 15.5% 13.5% 17.4% 18.4% 21.2% 16.8% 500 Q1 2008 Q2 2008 Q3 2008 Q4 2008 Q1 2009 Q2 2009 Q3 2009 Q4 2009 BIS capital adequacy ratios, BoG Consolidated 40% 34.6% 34.2% 33.7% 35% 31.7% 30% 25.2% 25.3% 27.3% 25.0% 25.4% 24.7% 23.9% 25% 22.5% 22.2% 22.2% 20% 25.8% 25.8% 15% 10% 5% 0% Q1 2008 Q2 2008 Q3 2008 Q4 2008 Q1 2009 Q2 2009 Q3 2009 Q4 2009 ■Tier I Capital Adequacy Ratio ■Total Capital Adequacy Ratio Lobko BANK OF GEORGIA www.bog.ge/ir Q1 2008 Q2 2008 Q3 2008 Q4 2008 Q1 2009 Q2 2009 Q3 2009 Q4 2009 ■Tier I Capital Adequacy Ratio Total Capital Adequacy Ratio Highlights Total Capital Adequacy Ratio of Bank of Georgia Standalone at 16.8% in Q4 2009 Tier 1 Capital adequacy Ratio of Bank of Georgia Standalone at 20.4% in Q4 2009 2009 Both ratios by NBG standards March 2010 Page 25

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