Investor Presentaiton

Alternative debt service metrics must also be used for Ireland e.g. General Government debt to GG Revenue 400% 350% 300% 250% 200% 150% 100% 50% 0% 2002 2004 2006 2008 -Ireland ►Spain 2010 2012 2014 2016 2018F 2020F Italy -Belgium -EA-19 Gníomhaireacht Bainistíochta an Chisteáin Náisiúnta National Treasury Management Agency Source: CSO; Department of Finance 35 55

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