Investor Presentaiton

O Feb-14 1 2 3 International reserves at adequate levels International reserves Gross international reserves, US$ bn 5 Reserve adequacy: 3 months of goods and services imports line 5 4 International reserves remain adequate - sufficient to cover over 3 months of goods and services imports for most of the time 4 Jun-14 Oct-14 Feb-15 Jun-15 Oct-15 Feb-16 Source: NBG, BOG. سهرا Jun-16 Oct-16 Feb-17 Jun-17 Oct-17 Feb-18 Feb-16 Jun-18 Oct-18 Feb-19 reb-19 Jun-19 Oct-19 Feb-20 Jun-20 Jun-20 Oct-20 Oct-20 Feb-21 Jun-21 Oct-21 Feb-22 Jun-22 1 2 3 Central bank's interventions, net sales in US$ m NBG's net FX sales stood at $354.9m in 2021, while there was $31.6m net FX purchase in 1H22 Jan-20 Feb-20 Mar-20 Apr-20 May-20 Jun-20 Jul-20 0.0 080 0.0 100.0 24.8 40.5 55.7 60.0 Aug-20 60.0 Sep-20 145.0 Oct-20 204.6 Nov-20 175.8 Dec-20 49.8 Jan-21 80.0 Feb-21 40.0 Mar-21 44.4 Apr-21 83.7 May-21 0.0 Jun-21 ■9.3 Jul-21 3.7 Aug-21 29.8 Sep-21 60.0 Oct-21 2.0 Nov-21 -0.5 Dec-21 Jan-22 -0.7 Feb-22 -11.5- Mar-22 38.7 Apr-22 -3.4 May-22 -31.3 Jun-22 -23.4 Source: NBG Note: Negative sign means net FX purchase. 47

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