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JSC Bank of Georgia (BGEO)

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Friday 20 July, 2007

JSC Bank of Georgia

JSC Bank of Georgia Receives the Euromoney Awar...

Bank of Georgia

JSC Bank of Georgia (LSE: BGEO GSE: GEB), the leading Georgian universal bank,
announced today that is has received the Euromoney Award for Excellence as the
Best Bank in Georgia 2007.

'I am delighted that, for the third consecutive year, Bank of Georgia has been
recognized as the top bank in the country by Euromoney', noted Lado Gurgenidze,
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 32% market share by total assets (all data according to the NBG as
of 30 June 2007). The major component of the Galt & Taggart Index, the bank has
104 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, Aldagi BCI, as well as asset & wealth management

Bank of Georgia has, as of the date hereof, the following credit ratings:

  Standard &        'B+/B'                     Stable
  Moody's           'B3/NP' (FC) & 'Ba1/P-3'   Stable
  Fitch Ratings     'B+/B'                     Stable

For further information, please visit or contact:

Lado Gurgenidze           Irakli Gilauri      Thea Jokhadze         Macca Ekizashvili
Chairman of the           Chief Executive     Head of Debt Capital  Head of Investor
 Supervisory Board         Officer             Markets               Relations
+995 32 444 103           +995 32 444 109     +995 32 444 192       +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.