Investor Presentaiton

10 15 AS GLOBAL ENERGY AND FOOD PRESSURES SUBSIDE, INFLATION DECLINES RAPIDLY Larger share of food and energy in consumption basket and quicker pass-through to consumer prices elevates inflation; no material harm on competitiveness expected in medium term Inflation (HICP; year on year; %) and contribution to changes (percentage points) CPI forecast by European Commission (Spring Forecast 2023): 2023: 9.3% Energy and food prices in LV and EA (year on year; %) 20 20 2024: 1.7% Wages Oil Global food Natural gas Electricity Heating energy Solid fuels Other factor Headline inflation 5 -5 01.01.2005 01.01.2006 01.01.2007 01.01.2008 01.01.2009 01.01.2010 01.01.2011 01.01.2012 21 Source: Eurostat 01.01.2013 01.01.2014 01.01.2015 01.01.2016 01.01.2017 01.01.2018 01.01.2019 01.01.2020 01.01.2021 01.01.2022 01.01.2023 -10 60 80 70 60 60 50 40 40 30 20 10 0 01.08.2021 01.09.2021 01.10.2021 01.11.2021 01.12.2021 01.01.2022 EA_Food Source: Eurostat 01.02.2022 01.03.2022 01.04.2022 01.05.2022 01.06.2022 01.07.2022 01.08.2022 01.09.2022 01.10.2022 01.11.2022 01.12.2022 01.01.2023 01.02.2023 01.03.2023 01.04.2023 01.05.2023 EA_Energy LV_Food LV_Energy

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