Investor Presentaiton

++ 牛 20,0% Unemployment Expected to Continue to Decline Slovakia Unemployment Rate IIIII... + Factors behind declining unemployment: strong employment growth 19,0% 18,0% 17,0% 16,0% 15,0% 14,0% 13,0% 12,0% 11,0% 10,0% 2001 2002 2003 2004 2005 2006 2007* 2008* major labour market reform structural reforms leading to sustained economic growth Development of the Unemployment Rate, Peer Comparison 2002 2007* Change in p.p. Slovakia 18.7% 13,2% 0 -5.5 Czech 7.3% 7.1% -0.2 Greece 10% 8.9% ↓-1.1 Portugal 5.1% 7.7% ↑ +2.6 Euroarea 8.3% 7.7% ↓-0.6 Source: European Commission NBS, Ministry of Finance * Forecasts: Ministry of Finance more favourable demographic trends Employment forecast to grow at 1.5% in 2007 and 0.9% in 2008 In the European Union, Slovakia compares favourably in reduction of unemployment 10

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