Investor Presentaiton

Business confidence index and macro economic parameters 2004 2005 2006 2007 2008 % quantit % y quantit y % quantit % quantit % quantity y y 1. Expectation on consumer price increase Increase 66.3 504 81.7 512 89.6 690 70.0 560 71.6 1521 No change 25.3 192 12.3 77 2.6 20 8 64 17.4 394 Decrease 8.4 64 6.0 39 7.8 60 22 176 11.0 265 Total 100.0 760 100.0 628 100.0 770 100.0 800 100.0 2180 2. Wage & salary and income increase expectation Increase 53.2 404 53.1 334 63.6 490 61.6 488 62.0 1359 No change 26.0 107 26.0 167 31.2 240 22.3 184 38.0 821 Decrease 20.8 159 20.9 127 5.2 40 16.1 132 Total 100.0 760 100.0 628 100.0 770 100.0 800 100.0 2180 3. Foreign exchange expectation Increase/depreciation 44.8 340 65.0 408 54.5 420 61.0 488 56.0 1221 No change or stable 40.9 310 23.3 146 22.7 175 20.0 160 15.0 335 Decrease/appreciation 19.7 110 11.7 74 22.7 175 19.0 152 29.0 624 Total 100.0 760 100.0 628 100.0 770 100.0 800 100.0 2180 4. Inflation parameters - CPI Inflation rate, /by end of period/ % 11.0 9.5 6.0 15.1 22.1 Inflation rate / 2005-12-100 %/ 91.4 100.0 106.0 122.0 144.1 Inflation rate, annual average, % 8.2 12.7 5.1 9.0 27.9 Inflation target level 7.0 5.0 6.0 Difference between targeted and actual inflation rate/levels -1.0 +10.1 +16.1

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