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Investor Presentaiton

APFC Current Situation - Global Complexity Markets Closure Valuations Uncertain Divestment strategies are complicated. Given the market conditions, selling Russian assets today would be challenging. The vast majority of APFC's Russian securities are blocked from trading due to Russian and US sanctions. External and internal managers have been directed not to purchase any Russian securities. APFC Board and Staff are and will comply with all policy directives from federal and state levels. SEAL OF OF ALALI THE STATE of ALASKA Governor Mike Dunleavy 15

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