Investor Presentaiton

Slovakia's Resilience to Russia/Ukraine Developments 24RDAL 2003 Agentúra pre riadenie dlhu a likvidity 2023 Dobi and Liquidity Management Agency 1 The Slovakian economy is forecast to grow despite the war in Ukraine While Russia's aggression in Ukraine has given rise to challenges for Slovakia's economy, the country is forecast to nevertheless achieve positive economic growth in the coming years. In 2023 Slovakia's growth is estimated to be 1.3%, above the eurozone average of 0.2% 6,0% 4,0% 2,0% 4,9% Real GDP Growth & Forecasts (%) 2 Slovakia has reduced its dependency on Russian energy imports Since the inception of the Russian invasion of Ukraine, the Slovak Republic has reduced its energy dependence on Russia dramatically The share of energy imports from Russia has declined to roughly 43% from 70% at the beginning of 2022 90% 76% 70% 1,7% 1,8% 1,3% ! 50% Share of Energy Imports from Russia (%) 62% 51% 0,0% 30% 2021 2022 2023 2024 Real GDP growth (in %) i Russian invasion of Ukraine L 1.21 3.21 5.21 7.21 9.21 11.21 1.22 3.22 5.22 7.22 9.22 11.22 1.23 3 Slovakia's status as an NATO and EU member-state represents 4 Slovakia's overall trade is overwhelmingly EU-focused a strong security guarantee Share of Total Imports/Exports (%, 2022) 90% Slovakian defence policy is pursued through the joint efforts of the Slovak Armed Forces and NATO/EU allies. As a member of NATO and the EU since 2004, Slovakia has the following security guarantees in place: 80% 80% 70% 62% 60% OTAN NATO Article 5: By focusing on NATO's deterrence and defence efforts, Slovakia works with Allies to be able to deter more effectively and, if necessary, to defend with all the means and capabilities needed to do so EU Mutual Defence Clause: This binding clause provided that if an EU country is the victim of armed aggression on its territory, the other EU countries have an obligation to aid and assist it by all the means in their power 20% 10% 50% 40% 30% 7% -3% 8% 1% 4%1% 3%1% 1%1% 0%0% 0% EU China Russia United United Ukraine Kingdom States Belarus Exports Imports + 8 00 Sources: Statistical Office of the Slovak Republic - All figures are rounded

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