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JSC Bank of Georgia (BGEO)

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Tuesday 14 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 notifications pursuant to DTR3.1.2, dated 13 October 2008, from Irakli
Gilauri, Chief Executive Officer, indicating that he purchased 5,000 Bank of
Georgia Global Depositary Receipts ('GDR's), on the London Stock Exchange on 13
October 2008. The market price of the GDRs on 13 October 2008 was US$4.75 per

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% market share by total assets (all data according to the NBG as
of 31 July, 2008). The bank has 142 branches and 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 & Poor's            '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