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JSC Bank of Georgia (BGEO)

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Tuesday 19 August, 2008

JSC Bank of Georgia

Director/PDMR Shareholding

Bank of Georgia
                  

    NOTIFICATION OF TRANSACTIONS OF DIRECTORS/PERSONS DISCHARGING MANAGERIAL
                       RESPONSIBILITY OR CONNECTED PERSONS

JSC Bank of Georgia hereby announces that in accordance with DTR3.4, it has
received a notification pursuant to DTR3.1.2, dated 19 August 2008, from
Nicholas Enukidze, Chairman of the Supervisory Board, indicating that he
purchased 2,000 Bank of Georgia Global Depositary Receipts, (GDRs) on the London
Stock Exchange on 15 August 2008. The market price on 15 August 2008 was
US$13.91 per GDRs.

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 34.0% market share by total assets (all data according to the NBG
as of 30 June 2008). The major component of the Galt & Taggart Index, the bank
has 142 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
services.

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

-0-
*T
Standard &       'B+/B'                             Stable
 Poor's
FitchRatings     'B+/B'                             Stable
Moody's          'B3/NP' (FC) & 'Ba1/NP' (LC)
*T

For further information, please visit www.bog.ge/ir or contact:

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*T
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
nenukidze@bog.ge                   igilauri@bog.ge                   ir@bog.ge
*T

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.