Investor Presentaiton

Estonia's value-added ICT sector leadership Policies to diversify the economy into technology sectors pay off • A high sectoral diversification reduces the sensitivity of Estonia's economic growth to idiosyncratic shocks Despite its small size, Estonia has positioned itself as a hub for the ICT services industry, whose share of real gross value added increased to 8.0% in 2022 from 5.2% in 2013¹ Estonia's bet on digital transformation is already paying off, as it ranks amongst the top ten countries on key digitalization indicators, paving the way for greater productivity and economic flexibility • Investments in technology are expected to be accelerated further with the use of NGEU funds to support the digital transition strategies contained in Estonia's Recovery and Resilience Plan Estonia's homegrown global ICT success stories S Skype Bolt pipedrive 7WISE playtech ✓ veriff Estonia ranks among the top ten countries in three key WEF digital transformation indicators Flexible work arrangements Digital skills Digital legal framework 50 60 70 80 90 50 60 70 80 90 50 60 70 80 90 T Netherlands Finland New Zealand Sweden United States Luxembourg Switzerland Estonia United States Luxembourg China Australia Finland Denmark Estonia Iceland Singapore UAE Netherlands Singapore Israel Denmark Saudi Arabia Malaysia Estonia Sweden Finland Germany Korea, Rep. Netherlands Source: World Economic Forum Global Competitiveness Report 2020 Note: (1) Statistics Estonia 31 REPUBLIC OF ESTONIA MINISTRY OF FINANCE

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