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JSC Bank of Georgia (BGEO)

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Thursday 03 May, 2007

JSC Bank of Georgia

Director/PDMR Shareholding

Bank of Georgia


JSC Bank of Georgia hereby announces that in accordance with DTR3.4, it has
received a notification pursuant to DTR3.1.2, dated 2 May 2007, from Lado
Gurgenidze, Chairman of the Supervisory Board, indicating that he received
13,889 Bank of Georgia common shares on 2 May 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 2 May 2007
was GEL 59.3 per share.

This press release is not an offer of securities for sale in the United States.
The securities referred to herein have not been and will not be registered under
the US Securities Act of 1933, as amended (the 'Securities Act'), and may not be
offered or sold in the United States or to US persons unless the securities are
registered under the Securities Act or an exemption from the registration
requirements of the Securities Act is available. No public offering of the
securities will be made in the United States. Other selling restrictions are

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
440,000 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
+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.