Notice of EGM

Bank of Georgia
                  

                                  Announcement

Management Board of JSC Bank of Georgia announces that Extraordinary General
Meeting of Shareholders of JSC Bank of Georgia is intended to be held in
February 2008.

According to the resolution of the Supervisory Board of Bank of Georgia record
date is 23 January, 2008, as of 17:00.

The agenda and recommendations, as well as place, date and time of Extraordinary
General Meeting of Shareholders will be announced later in accordance with
applicable laws and with the official announcement of Extraordinary General
Meeting of Shareholders.

Management Board of the JSC Bank of Georgia

Bank of Georgia, a leading universal Georgian bank with operations in Georgia
and Ukraine, is the largest bank by assets, loans, deposits and equity in
Georgia, with 33% market share by total assets (all data according to the NBG as
of 30 November 2007). The major component of the Galt & Taggart Index, the bank
has 116 branches and over 600,000 retail and more than 60,000 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, Aldagi 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) & 'Ba1/NP (LC)     Stable
Fitch Ratings     'B+/B'                          Stable
*T

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

-0-
*T
Nicholas Enukidze        Irakli Gilauri  Macca Ekizashvili   Thea Jokhadze
Acting Chairman of the   Chief Executive Head of Investor    Head of Debt
 Supervisory Board        Officer         Relations           Capital Markets
[phone]          [phone] [phone]     [phone]
[e-mail] [e-mail] [e-mail]           tjokhadze@bog.g
*T