Notice of AGM

Bank of Georgia
                  The Management Board of Bank of Georgia announces that the record date for the
upcoming Annual General Meeting of Shareholders (the 'AGM') of Bank of Georgia
has been reset to 21 May 2007, as of 17:00. Accordingly, the AGM will take place
on or around 22 June 2007, in accordance with Georgian law.

The Management Board deems it desirable to announce the Q1 2007 preliminary
results well in advance of the date of the AGM. In addition, the Management
Board anticipates that Bank of Georgia might be in a position to announce, prior
to the date of the AGM, significant developments concerning the regional
expansion of the bank.

Audited 2006 results will be published no later than 20 days prior to the date
of the AGM, in accordance with Georgian law.

Management Board of JSC Bank of Georgia

About Bank of Georgia

Bank of Georgia, a leading universal Georgian bank with operations in Georgia
and Ukraine, is the largest bank by assets, loans and equity in Georgia. The
major component of the Galt & Taggart Index, the bank has 102 branches and over
440,000 retail and approximately 50,000 corporate current accounts. The bank
offers a full range of retail banking and corporate and investment banking
services to its customers across Georgia. The bank also provides a wide range of
corporate and retail insurance products through its wholly-owned subsidiary,
BCI, as well as asset & wealth management services.

Bank of Georgia has, as of the date hereof, the following credit ratings:

-0-
*T
Standard & Poor's 'B+/B'                         Stable
Moody's           'B3/NP' (FC) & 'Baa3/P-3' (LC) Stable
Fitch Ratings     'B/B'                          Stable
*T

For further information, please visit www.bog.ge/ir or contact:

-0-
*T
Lado Gurgenidze                     Irakli Gilauri               Macca Ekizashvili
Chairman of the Supervisory Board   Chief Executive Officer      Head of Investor Relations
[phone]                     [phone]              [phone]
[e-mail]                  [e-mail]              [e-mail]
*T

This news report is presented for general informational purposes only and should
not be construed as an offer to sell or the solicitation of an offer to buy any
securities. Certain statements in this news report are forward-looking
statements and, as such, are based on the managements current expectations and
are subject to uncertainty and changes in circumstances.

This press release is not an offer of securities for sale in the United States.
The securities referred to herein have not been and will not be registered under
the US Securities Act of 1933, as amended (the 'Securities Act'), and may not be
offered or sold in the United States or to US persons unless the securities are
registered under the Securities Act or an exemption from the registration
requirements of the Securities Act is available. No public offering of the
securities will be made in the United States. Other selling restrictions are
applicable.