Investor Presentaiton

THE GOVERNMENT OF THE GRAND-DUCHY OF LUXEMBOURG Ministry of Finance 7: DEBT MANAGEMENT LGB 3,375% 2020 Yield compared to other euro-zone sovereign issuers Yield -LGB 5/20 DBR 7/20 RFGB 4/20 NETHER 7/20 RAGB 7/20 4,0 3,5 3,0 2,5 2,0 1,5 1,0 воз ولة 0,5 06/11 12/11 06/12 12/12 06/13 Source: Bloomberg Investor Presentation, June 2013 30 of 40

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