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JSC Bank of Georgia (BGEO)

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Thursday 05 April, 2007

JSC Bank of Georgia

Director/PDMR Shareholding

Bank of Georgia

Bank of Georgia hereby announces that in accordance with DTR3.4, it has received
a notification pursuant to DTR3.1.2, dated 4 April 2007, from Lado Gurgenidze,
Chairman of the Supervisory Board, indicating that he received 13,889 Bank of
Georgia common shares on each of 5 January 2007, 19 February 2007, 2 March 2007
and 2 April 2007 in Tbilisi, Georgia, pursuant to the three-year service
agreement (the 'Service Agreement') entered into by Mr. Gurgenidze and Bank of
Georgia on 20 August 2004 and expiring on 30 September 2007. Pursuant to the
terms of the Service Agreement, 13,889 Bank of Georgia common shares vest on a
monthly basis. The market price on 5 January 2007, 19 February 2007, 2 March
2007 and 2 April 2007 was GEL 38.6 per share, GEL 47.9 per share, GEL 46.7 per
share, and GEL 51.0, respectively.

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
400,000 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:

Standard & Poor's'B+/B'                    Stable
Moody's          'B3/NP' (FC) & 'Baa3/P-3' Stable
Fitch Ratings    'B/B'                     Stable

For further information, please visit or contact:

Lado Gurgenidze                           Irakli Gilauri                     Macca Ekizashvili
Chairman of the Supervisory Board         Chief Executive Officer            Head of Investor Relations
+995 32 444 103                           +995 32 444 109                    +995 32 444 256                        

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.