Bank Of Georgia Group Regulatory News (BGEO)

London, 8 March 2019

Section 430(2B) Companies Act 2006 Statement

The following information is provided in accordance with section 430(2B) of the Companies Act 2006.

On 4 March 2019, Kakhaber Kiknavelidze, Bank of Georgia Group PLC (the "Company") and JSC Bank of Georgia entered into a settlement agreement in relation to his cessation of employment effective as of 28 February 2019 ("Termination Date"). For the purposes of section 430(2B), payments made or to be made after his termination may include:

· Payment of $11,698 for accrued but untaken annual leave,

· Outstanding business expenses incurred up to Termination Date,

· Pro-rata portion of deferred share salary up to Termination Date, paid in nil-cost options over 10,000 Company shares,

· Payment in lieu of contractual notice of $42,192,

· £100 in respect of his agreement to certain restrictive covenants and a contribution of £5,000 to his legal fees incurred in connection with the termination of his employment and negotiating a settlement agreement,

· Payment of $85,000 as a severance payment under his JSC Bank of Georgia contract in line with contractual arrangements,

· Pro-rata portion of discretionary deferred shares in respect of period during FY19 up to Termination Date, to be determined by the Remuneration Committee and paid in nil-cost options after the end of FY19.

Any outstanding nil-cost options awards under the Bank of Georgia Group Senior Executive Equity Compensation Plan, the Bank of Georgia Executive Equity Compensation Plan and the Rubicon Executive Equity Compensation Plan will continue to vest on their normal vesting dates, subject to the rules of the relevant plan.

The Company's 2019 Annual Report will contain full details of all remuneration payments described above.

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 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 investment banking services and aims to deliver on its strategy, which is based on at least 20% ROAE and 15%-20% 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