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JSC Bank of Georgia (BGEO)

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Wednesday 08 February, 2012

JSC Bank of Georgia

Statement re Redemption of Loan Participation N...

Statement re Redemption of Loan Participation Notes

Bank of Georgia

Notice Of Redemption of Loan Participation Notes

Reference is made to the issue of US$200,000,000 9.0 per cent. Loan Participation Notes due 2012 (ISIN:XS0283756624; Common Code:028375662) (the "Notes") issued by BG Finance B.V. (the "Issuer") for the sole purpose of funding a loan (the "Loan") to JSC Bank of Georgia (the “Bank”) pursuant to a loan agreement dated 6 February 2007 between the Issuer and the Bank (the "Loan Agreement").

In accordance with the terms and conditions of the Notes, on 8 February 2012 (the "Maturity Date") the Notes were redeemed in full. Notes with a par value of US$144, 493,000 had been acquired by the Bank prior to the Maturity Date and the remaining Notes (with a par value of US$55,507,000) were repaid on the Maturity Date.

A notice regarding the redemption has been sent to the holders of the Notes.

For more information contact:

Thea Jokhadze

Head of Funding
29a Gagarin Street
Tbilisi 0160 Georgia

About Bank of Georgia

Bank of Georgia is the leading Georgian bank, based on total assets (with a 35.6% market share), total loans (with a 34.5% market share) and client deposits (with a 35.6% market share) as of 31 December 2011, all data based on standalone financial information filed by banks in Georgia with the National Bank of Georgia. The Bank offers a broad range of corporate banking, retail banking, wealth management, brokerage and insurance services to its clients.

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

Standard & Poor’s   ‘BB-/B’
FitchRatings ‘BB-/B’
Moody’s ‘B1/NP’ (FC) & ‘Ba3/NP’ (LC)

For further information, please visit or contact:

Irakli Gilauri   Macca Ekizashvili
Chief Executive Officer Head of Investor Relations
+995 322 444 109 +995 322 444 256

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 securities.