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JSC Bank of Georgia (BGEO)

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Friday 03 October, 2008

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 3 October 2008, from Irakli
Gilauri, Chief Executive Officer, indicating that he purchased 7,384 Bank of
Georgia Global Depositary Receipts (GDRs), on the London Stock Exchange on 1
October 2008. The market price on 1 October 2008 was US$6.65 per GDR.

About Bank of Georgia

Bank of Georgia, the leading universal Georgian bank with operations in Georgia,
Ukraine and Belarus 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 bank has 142 branches and over over 880,000 retail and
more than 128,000 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:

Standard &       'B+/B'
FitchRatings     'B+/B'
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