Investor Presentaiton

Robust economic growth path (1/3) 2019 GDP in current prices US$ 154bn GDP per capita dynamics, US$ 2016 US$ 2,188 +21% Comments Ukraine's real GDP growth stood at 3.2% (y-o-y) in 2019 compared to 3.4% in 2018 and 2.5% in 2017 According to preliminary results, real GDP contracted by 1.3% in Q1 2020 (y-o-y) on the back of Covid-19 spread In 2019 Ukraine witnessed a 23.6% real growth in construction, 1.1% - in agriculture, while the industrial production remained relatively stable Strong consumer demand remained the key driver of real growth dynamics followed by the accelerated investments Private consumption contribution to real GDP growth accounted for 8.1% in 2019, whereas positive contribution of fixed capital accumulation totaled 2.4% Real GDP growth (y-o-y), % (9.8)% 2015 3.4% 3.2% 2.4% 2.5% 2016 2017 2018 2019 US$ 2,640 2017 +17% Key economic sectors output growth (y-o-y)1, % 50% 2018 US$ 40% 3,093 30% 20% +18% 10% 0% US$ 3,659 (10%) 2019 (20%) July 2020 Agriculture Construction Jan Jan Jan-Mar Jan-May Jan-Jul Jan-Sep Jan-Nov Jan-Mar Jan-May Jan-Jul Jan-Sep Jan-Nov Jan Jan-Mar Jan-May 2016 2017 Source State Statistics Service of Ukraine Source State Statistics Service of Ukraine Component contribution into real GDP growth, % 8.1% 6.3% 5.9% 1.8% 2.8% 2.5% 2.3% 2.4% (1.3)% (1.4%) (7.9%) (8.7%) Industrial production index (14.0)% Private consumption Jan-Jul Jan-Sep Jan-Nov Jan Jan-Mar Jan-May Jan-Jul Jan-Sep Jan-Nov Jan Jan-Mar Jan-Apr 2015 2016 2017 ■Gross fixed capital accumulation 2018 2019 Source State Statistics Service of Ukraine 2018 2019 Notes 1 To the corresponding period of the previous year on a cumulative basis BA 25 25

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