Clarification of block listing application

Clarification of block listing application

Bank of Georgia

Joint Stock Company Bank of Georgia (the 'Company') wishes to clarify that it has today applied for up to an additional 17,972,506 shares in the form of global depositary receipts ('GDRs') to be admitted to the Official List of the Financial Services Authority and to trading under the symbol 'BGEO' on the London Stock Exchange's EEA Regulated Market and not up to an additional 17,968,506 shares in the form of GDRs as stated in the prospectus dated 19 August 2009 relating to this block listing.

About Bank of Georgia

Bank of Georgia is the leading Georgian bank offering a broad range of corporate and investment banking, retail banking, wealth management and insurance services to its customers in Georgia, Ukraine and Belarus. Bank of Georgia is the largest bank in Georgia by assets, loans, deposits and equity, with 33.6% market share by total assets (all data according to the NBG as of 30 June 2009). The bank has 140 branches and over 880,000 retail and more than 146,000 corporate current accounts.

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

Standard & Poor’s	Â	‘B/B’
FitchRatings		‘B/B’
Moody’s		‘B3/NP’ (FC) & ‘Ba3/NP’ (LC)

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

Nicholas Enukidze	Â	Irakli Gilauri	Â	Macca Ekizashvili
Chairman of the Supervisory Board		CEO, Supervisory Board Member		Head of Investor Relations
[phone]		[phone]		[phone]
[e-mail]		[e-mail]		[e-mail]

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.