Investor Presentaiton

Debt Management Outlook in 2023 2AR RDAL 2003 Agentúra pre riadenie dlhu a likvidity. 2023 Debt and Liquidity Management Agency Total redemptions EUR 4.6 billion equivalent EUR 3.0 billion - bond matured in February EUR 1.5 billion - bond maturing in November EUR 0.14 billion equivalent - CHF 0.175 billion bond maturing in October Uncertainty about state budget cash deficit ✓ Cash deficit of state budget at EUR 8.3 billion (worst case and very unlikely scenario according to ARDAL) Total gross financing needs formally at EUR 12.9 billion and will be covered mostly by issuance EUR 4.0 billion can be issued via regular monthly auctions - EUR 2.2 billion already issued - EUR 4.0 5.0 billion can be issued via syndications - EUR 3.5 billion already issued No T-bills No specific loans planned but could be arranged based on market conditions ✓ Total issuance planned at EUR 8.0 - 9.0 billion - the rest can be covered by State Treasury funds development + liquidity buffer optimization + realistic deficit compared to estimates Foreign currency issuances are less likely Focus to remain on Euro-denominated SLOVGB issuance. キ Source: Ardal, as of April 2023 30

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