Investor Presentaiton

MARKET ACCESS IS NO LONGER A FUNDING OPTION FOR ECUADOR The recent increase in risk premia reflects the general market shutdown for many high-yield issuers HISTORICAL YIELDS TO MATURITY OF ECUADOR SELECTED BONDS (IN %) 20 120 100 80 60 40 20 SOCIAL PROTESTS AFTER FUEL SUBSIDY CUTS BEGINNING OF THE COVID-19 CRISIS AND THE FALL OF OIL PRICES | I 0 1-OCT-19 16-OCT-19 31-OCT-19 15-NOV-19 30-NOV-19 15-DEC-19 30-DEC-19 14-JAN-20 -US$ 1.4BN 2030 9.500% US$ 1BN 2027 9.625% 29-JAN-20 -US$ 0.6BN 2025 7.875% 13-FEB-20 28-FEB-20 14-MAR-20 - US$ 4.1BN 2022 10.750% SOURCE: BLOOMBERG AS OF 7 APRIL 2020 MINISTERIO DE ECONOMÍA Y FINANZAS 13 Lenin Toda una Vida 29-MAR-20 EL GOBIERNO DE TODOS

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