Last update: 9:53 a.m. EDT Aug. 13, 2008
TBILISI, Georgia, Aug 13, 2008 (BUSINESS WIRE)

Bank of Georgia, (UK:BGEO: news, chart, profile) (GSE: GEB), announces that it has established a fund to support the victims of the conflict in South Ossetia and has made an initial contribution of GEL 1 million. The use of funds will be supervised by a special monitoring group established by Bank of Georgia, which will work in close collaboration with the Ministry of Labor, Health and Social Affairs of Georgia and Mayor's Office of Tbilisi which are coordinating the humanitarian assistance for the victims of South Ossetia conflict. All contributions to the Fund will be highly appreciated. We thank you in advance for your support.

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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:

Standard & Poor's 'B+/B' Stable
FitchRatings 'B+/B' Stable
Moody's 'B3/NP' (FC) & 'Ba1/NP' (LC)

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.

SOURCE: Bank of Georgia

Bank of Georgia Contacts:

Nicholas Enukidze
Chairman of the Supervisory Board
+995 32 444 800
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Irakli Gilauri
Chief Executive Officer
+995 32 444 109
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Macca Ekizashvili
Head of Investor Relations
+995 32 444 256
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