05 January, 2010

Liberty Capital And People’s Bank of Georgia Announce The Completion Of The Mandatory Tender Offer

Liberty Capital LLC, the owner of JSC People’s Bank of Georgia (“PBG”) and PBG announced today the completion of mandatory tender offer which was launched on 4 November 2009. In accordance with the Law of Georgia on Entrepreneurship, Liberty Capital LLC, as the purchaser of more than 50% of voting shares was obliged to offer all remaining shareholders the purchase of their shares.