Investor Presentaiton

Pension Reform Key reforms recommended by EC to relieve pressure on public financing: + Provide economic incentives to prolong working lives. Limit access to early retirement schemes + Strengthen link between contributions and entitlements + Curtail future public spending requirements by instituting more appropriate pension indexation mechanism Spread future pension-related risks across several pension pillars. SLOVAK REFORM IMPLEMENTS ALL THESE RECOMMENDATIONS + Radical reform of 1st pillar (pay-as-you-go pillar) Introduction of the 2nd pillar (private pension accounts invested in capital markets) + Improving the regulatory environment for efficient functioning of the 3rd pillar H 15

View entire presentation