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JSC Bank of Georgia (BGEO)

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Tuesday 12 June, 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 11 June 2007, from Lado
Gurgenidze, Chairman of the Supervisory Board, indicating that he received
13,889 Bank of Georgia common shares on 5 June 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. In addition, Bank of Georgia was
also notified that Lado Gurgenidze has received 16,667 Bank of Georgia common
shares on 7 May 2007, as part of his option package pursuant to the Service
Agreement. The market price on 5 June 2007 and 7 May 2007 was GEL 60.0 and GEL
60.1 per share, respectively.

 Tbilisi, 12 June , 2007

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 33% market share by total assets (all data according to the NBG as
of March 31 2007). The major component of the Galt & Taggart Index, the bank has
103 branches and over 500,000 retail and more than 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.

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