Investor Presentaiton

Generally speaking, do you think that Armenia is heading in the right direction or the wrong direction? 100% 90% 80% 73% 72% 70% 60% 50% 62% 60% 52% 46% 43% 40% 41% 42% 37% 36% 34% 34% 31% 30% 27% 25% 20% 19% 20% 20% 20% 17% 20% 18% 10% 14% 13% 12% 11% 0% Aug-2018 Oct-2018 May-2019 Oct-2019 May-2021 Jul-2021 Dec-2021 Jun-2022 Mar-2023 Right direction Wrong direction Don't know/Refused * Interviews for the May 2021, July 2021, December 2021 and June 2022 were conducted via computer-assisted phone interviews (CATI). Other previous polls were conducted through face-to-face interviews. 7

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