Bank of Georgia Group made a statement today, which reads:

Bank of Georgia Group notes the recent media speculation regarding a potential transaction involving Ameriabank CJSC, a leading bank in Armenia, and confirms that it is in advanced discussions with Ameriabank and its current shareholders regarding its potential acquisition.

This transaction is intended to be financed with the Group's surplus capital, without changing the Company's dividend and capital distribution policy.

The transaction, if it proceeds, will constitute a class 1 transaction under the UK FCA's Listing Rules. The Company will update shareholders as to progress made in relation to the acquisition as and when appropriate. There can be no certainty that a transaction will be signed nor, if signed, concluded.