Investor Presentaiton

Government Bond Yields 3.0% 2.5% 2.0% 1.5% 1.0% 0.5% 0.0% -0.5% -1.0% Jan-15 Jul-15 Jan-16 Jul-16 -10y-Slovakia Slovakia 10Y Government Bond versus Peers ARDAL Jan-17 Jul-17 Jan-18 Jul-18 Jan-19 Jul-19 Jan-20 Jul-20 Jan-21 Jul-21 Jan-22 -10y-Germany -10y-France キ 39 10y-Belgium 10y-Finland 10y-Slovenia Jul-22 Source: Macrobond, NBS, Deutsche Bundesbank, as of September 2022

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