Investor Presentaiton

Tax quota II in Slovakia (% of GDP) Tax quota II 2008 Tax quota II (% of GDP), Peer Comparison 45,0% 40,4% 39,5% 37,4% 40,0% 36,8% 35,5% 34,2% Indirect taxes Direct taxes 33,3% 33,2% 33,2% SC Other 45,0% 40,0% 35,0% 31,8% 31,6%. 29,6% 29,7% 35,0% 30,0% 30,0% 25,0% 25,0% 20,0% 20,0% 39,9% 36,9% 34,6% 15,0% 15,0% 29,7% 10,0% 10,0% 5,0% 5,0% 0,0% 0,0% 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 Slovakia Czech Rep. Hungary Poland Source: Eurostat H + Significant decrease in tax burden between 1995 and 2007 by 10.7 p.p. (highest in the EU27) + Shift from direct taxes towards indirect taxes + Lowest tax burden in V4 and in the whole EU27 23

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