Investor Presentaiton

Accumulated economic buffer to curb Covid-19 crisis (1/2) 2020 GDP in current prices US$ 156bn GDP per capita dynamics, US$ 2017 US$ 2,640 +17% Comments In 2020, Ukraine's real GDP has declined by 4.0% which is significantly lower than projected by the government (-4.8%) and the IMF (-7.2%). In Q3 2021, the real GDP increased by 2.7% which is slightly lower than in Q2 (5.7%) In 2021, the key economic sector outputs fully returned to upward trend. Agriculture demonstrates the best performance (14.4% y-o-y in 2021) due to the record harvest of crops, while construction (5.1% y-o-y in 2021) and industrial production (1.1% y-o-y in 2021) grew at a lower pace Despite Covid-19, the private consumption remained strong in Q3 2021, while the fixed capital accumulation is lagging behind (after a longer contraction during Q1 2020 - Q1 2021) Key economic sectors output growth (y-o-y)1, % US$ 3,097 2018 +18% 40% 2019 US$ 30% 3,663 20% +2% 10% 0% (10%) US$ 3,727 2020 (20%) Jan Agriculture Construction Jan Jan-Mar Jan-Jul Jan-Sep Jan-Nov Jan-Mar Jan-May Jan-May Jan-Jul Jan-Sep Jan-Nov Industrial production Jan Jan-Mar Jan-May Jan-Jul Jan-Sep Jan-Nov Jan Jan-Mar Jan-May Jan-Jul Jan-Sep Jan-Nov Real GDP growth (y-o-y), % 2.4% 2.5% 3.4% 3.2% 5.7% 3.5% 3.6% 3.4% 2.7% miiiii (4.0)% (2.2)% 2016 2017 2018 2019 2020 Q1 '21 Q2 '21 Q3 '21 2021E 2022 2023E Sources State Statistics Service of Ukraine, IMF WEO Oct 2021 (forecast) Component contribution into real GDP growth, p.p. 12.9% 7.4% 6.3% 5.9% 6.1% 14.4% 3.8% 2.8% 2.5% 1.8% 2.3% 2.0% 2.0% 1.7% 5.1% 1.2% -1.1% Private consumption ■Gross fixed capital accumulation (0.9)% (4.3)% 2016 2017 2018 2019 2020 Q1'21 Q2'21 Q3'21 Source State Statistics Service of Ukraine 2018 2019 2020 Source State Statistics Service of Ukraine February 2022 2021 Notes 1 To the corresponding period of the previous year on a cumulative basis 6

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