JSC Bank Of Georgia Receives The Global Finance...

Bank of Georgia
                  

  JSC Bank Of Georgia Receives The Global Finance Award As Best Bank In Georgia
                                      2008

JSC Bank of Georgia (LSE: BGEO, GSE: GEB), the leading Georgian universal bank,
announced today that it has received the Global Finance Award As The Best Bank
in Georgia 2008. Global Finance, a leading global capital markets magazine
publishes annually its awards for Best Emerging Market Banks in Asia in respect
of 20 countries.

'I am very pleased that we have, for the first time, received this prestigious
award, which serves as a recognition of the bank's accomplishments in recent
years', commented Nicholas Enukidze, Chairman of the Supervisory Board.

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, deposits and equity in
Georgia, with 35% market share by total assets (all data according to the NBG as
of 31 December 2007). The major component of the Galt & Taggart Index, the bank
has 127 branches and over 740,000 retail and more than 65,000 corporate current
accounts. The bank offers a full range of retail banking, corporate and
investment banking and asset & wealth management services. The bank also
provides a wide range of corporate and retail insurance products through its
wholly-owned subsidiary Aldagi BCI.

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
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 management's current expectations and
are subject to uncertainty and changes in circumstances.