Notice of AGM

Bank of Georgia
                  

                                  Announcement

Management Board of JSC Bank of Georgia announces that Annual General Meeting of
Shareholders of JSC Bank of Georgia is intended to be held in the end of May or
beginning of June 2008.

According to the resolution of the Supervisory Board of Bank of Georgia record
date is April 30, 2008, as of 17:00.

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

Management Board of the 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, 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:

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Standard & Poor's  'B+/B'                        Stable
Moody's            'B3/NP' (FC) & 'Ba1/NP' (LC)  Stable
Fitch Ratings      'B/B'                         Stable
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For further information, please visit www.bog.ge/ir or contact:

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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]
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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.