Investor Presentaiton

Launch Spread / Investor Distributions (USD Gov't Guaranteed Bond) ■DBJ issue Gov't Guaranteed Bond annually. In last USD transaction, the bond was allocated to diverse investors ■Launch spread of the bond was relatively wider than other SSA, and secondary spread performed well after pricing Issue Details and Distributions of last transaction Launch Spread relative to other USD SSA 5y (CY22) (MS+) 80bp 2022.4.21 Pricing Date Ratings Format Tenor A1 (Moody's) / A+(S&P) 144A/RegS 5yr 70bp JICA 3.250% 05/27 (5yr) MS+63bp Coupon (%) 3.250% 60bp DBJ 3.250% 04/27 (5yr) MS+57bp Launch Spread (vs MS) SOFR MS +57bp Issue Amount USD 1,000mn 50bp Book Size USD 1,750mn 40bp Region 30bp Type 9.0% 17.0% 9.0% 38.0% 41.0% 21.0% 20bp Jan Feb Mar Apr May Jun Jul Aug Sep Oct Secondary Spread During 2 weeks after Pricing(1) (SMS+) 58 Pricing@ SOFR MS+57bp 56 65.0% 54 52 ■ EMEA • АРАС ■ Americas ■ CB/OI ■ Bank ■ AM ■ Ins/Pen Source(1): Bloomberg BVAL 25 26% 50 48 21/ Apr 25/ Apr 27/ Apr 29/ Apr 03/May 05/May DBJ

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