Investor Presentaiton

Cypriot economy is investment grade; recent sovereign upgrades Sovereign upgrades recently demonstrates economic resilience S&P Global Cyprus Public Debt to GDP in line with European average As at September 2022 expected to decline to c.87% by the end of 20221 Feb 21 May 21 Aug 21 Nov 21 Feb 22 May 22 Aug 22 Nov 22 Sales contracts (excl. DFAs)³ for FY2022 up 30% yoy 13,409 10,366 10,347 +30% 8,734 9,242 7,968 7,481 4,875 5,885 6,656 6,328 4,983 5,928 4,367 4,481 2,406 2,985 3,691 2017 2018 2019 2020 2021 2022 Source: Cystat, Eurostat 723 1) 2) 3) Projections in accordance with Ministry of Finance. Based on Residential price index published by Central Bank dated on 3 February 2023 Based on data from Land of Registry- Sales contracts Feb 23 AA- A BBB+ BBB Investment grade BB+ Sales to Cypriots Sales to non-Cypriots 178% • c.84% by end of 20231 147% 120% 116% 93% 92% Real estate property prices up 6.3% yoy in 3Q2022² 100.0 99.1 49% 6.3 4.7 3.2 81.9 83.2 85.0 1Q2010 4Q2010 4Q2012 4Q2013 4Q2014 4Q2015 4Q2016 4Q2017 4Q2018 4Q2019 4Q2020 4Q2021 1Q2022 2Q2022 3Q2022 Residential Propert Price index (2010Q1=100) % change yoy 12

View entire presentation