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JSC Bank of Georgia (BGEO)

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Tuesday 24 November, 2009

JSC Bank of Georgia

JSC Bank of Georgia Announces the Appointment o...

JSC Bank of Georgia Announces the Appointment of Joint Corporate Brokers

Bank of Georgia

JSC Bank of Georgia (LSE:BGEO) (GSE:GEB) (the “Bank”), Georgia’s leading bank, announced today that it has appointed Fox-Pitt Kelton Limited (FPK) and ING Bank N.V.. London branch to act as the Bank’s corporate brokers with immediate effect.

About FPK
FPK is authorized and regulated in the United Kingdom by the Financial Services Authority and is a wholly owned subsidiary of Fox-Pitt Kelton Cochran Caronia Waller LLC which is one of the leading global specialist investment banks focused exclusively on the financial services sector. FPK's reputation has been built around its equity research team which has consistently been recognized by institutional investors for its quality and independence. FPK is authorized and regulated in the United Kingdom by the Financial Services Authority and is a wholly owned subsidiary of Fox-Pitt Kelton Cochran Caronia Waller LLC which is one of the leading global specialist investment banks focused exclusively on the financial services sector. FPK's reputation has been built around its equity research team which has consistently been recognized by institutional investors for its quality and independence.

FPK is also a leading underwriter of equity securities and actively serves as a strategic advisor providing advice on mergers & acquisitions, corporate restructurings and equity capital market transactions for banks, insurance companies and other financial services companies around the world. FPK has been consistently ranked among the leaders in insurance investment banking transactions.

About ING
ING is a global financial institution of Dutch origin offering banking, investments, life insurance and retirement services to over 85 million private, corporate and institutional clients in more than 40 countries. With a diverse workforce of about 110,000 people, ING is dedicated to setting the standard in helping our clients manage their financial future. ING is a global financial institution of Dutch origin offering banking, investments, life insurance and retirement services to over 85 million private, corporate and institutional clients in more than 40 countries. With a diverse workforce of about 110,000 people, ING is dedicated to setting the standard in helping our clients manage their financial future.

ING Bank N.V., London Branch acted as Global Coordinator, Lead Manager and Sole Bookrunner of Bank of Georgia’s initial public offering on the LSE in November 2006.

Enquiries:

Fox-Pitt, Kelton   +44 20 7663 6000
Oliver Hearsey
Jim Donnet
Jonny Franklin-Adams

ING

Nathalie Bachich   +44 20 7767 8362

About Bank of Georgia

Bank of Georgia is the leading Georgian bank offering a broad range of corporate and investment banking, retail banking, wealth management and insurance services to its customers in Georgia, Ukraine and Belarus. Bank of Georgia is the largest bank in Georgia by assets, loans, deposits and equity, with 33.6% market share by total assets (all data according to the NBG as of 30 September 2009). The bank has 140 branches and over 880,000 retail and more than 146,000 corporate current accounts.

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), Negative & ‘Ba1/NP’ (LC),

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

Nicholas Enukidze   Irakli Gilauri   Macca Ekizashvili
Chairman of the Supervisory Board CEO 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

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.