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JSC Bank of Georgia (BGEO)

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Thursday 03 July, 2008

JSC Bank of Georgia

Bank of Georgia Receives The Euromoney Award Fo...

Bank of Georgia

JSC Bank of Georgia (LSE: BGEO) (GSE: GEB), the leading Georgian universal bank,
announced today that it has been named by Euromoney as the winner of the Best
Bank in Georgia 2008 Award for Excellence. Euromoney, a leading global capital
markets magazine, publishes annually its Awards for Excellence in respect of 110
countries around the world.

'This is the fourth consecutive year that Euromoney recognizes Bank of Georgia
as the top bank in the country. I am delighted that our achievements for the
past year have been rewarded with such a prestigious award and would like to
congratulate all my colleagues, shareholders and clients with this recognition,'
commented Nicholas Enukidze, Chairman of the Supervisory Board.

About Bank of Georgia

Bank of Georgia, the leading universal Georgian bank with operations in Georgia
and Ukraine, is the largest bank by assets, loans, deposits and equity in
Georgia, with 33.7% market share by total assets (all data according to the NBG
as of March 31, 2008). The major component of the Galt & Taggart Index, the bank
has 131 branches and over 770,000 retail and more than 120,000 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
FitchRatings     'B+/B'                                Stable
Moody's          'B3/NP' (FC) & 'Ba1/NP' (LC)

For further information, please visit or contact:

Nicholas Enukidze                        Irakli Gilauri                      Macca Ekizashvili
Chairman of the Supervisory Board        Chief Executive Officer             Head of Investor Relations
+995 32 444 800                          +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