Bank Of Georgia Group Regulatory News (BGEO)

London, 21 January 2020

Directorate Change

The Board of Directors of Bank of Georgia Group PLC (the "Company") announces that non-executive director Andreas Wolf has informed the Company of his intention to step down from the Board of Directors, and from the Nomination and Audit Committees, with effect from 31 January 2020. Andreas has indicated that his resignation is due to other business commitments. The Board would like to thank him for his valuable contribution to date, particularly in respect of digital transformation, Project Lean and of the future strategy of the Bank.

This announcement has been made in accordance with the requirements of Listing Rule 9.6.11. 

Name of authorised official of issuer responsible for making notification: Natia Kalandarishvili, Head of Investor Relations and Funding

About Bank of Georgia Group PLC

Bank of Georgia Group PLC ("Bank of Georgia Group" or the "Group" - LSE: BGEO LN) is a UK incorporated holding company, which comprises: a) retail banking and payment services, b) corporate and investment banking and wealth management operations and c) banking operations in Belarus ("BNB"). JSC Bank of Georgia ("Bank of Georgia", "BOG" or the "Bank"), the leading universal bank in Georgia, is the core entity of the Group. The Group targets to benefit from superior growth of the Georgian economy through both its retail banking and corporate and investment banking services and aims to deliver on its strategy, which is based on at least 20% ROAE and c.15% growth of its loan book. 

For further information, please visit www.bankofgeorgiagroup.com or contact:

 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