Investor Presentaiton

PERFORMANCE: OPPORTUNITIES COMBINED WITH ROBUST STRUCTURE ESM's issuances benefit from a robust capital structure EFSF's issuances benefit from a solid structure with an over- guarantee mechanism from the six best-rated euro area countries Finland Transparency ☐ ☐ Performance Liquidity Core EFSF guarantors Adjusted Cont. Key Over-guaranteed Cont. Key Germany 29.13% 46.74% France 21.88% 35.10% The Netherlands 6.13% 9.84% Austria 2.99% 4.79% 1.93% 3.09% Luxembourg Total 0.27% 0.43% 100% 28 25m

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