Investor Presentaiton

Government Bond Portfolio Metrics ARDAL ✓ Average maturity increased steadily since 2012 - maintained above 8 years since 2018 At the same time average YTM was reduced significantly Increase in yields in 2022 in line with overall development in euro area + long issuance in 2022 (average time to maturity 14.8 years for bonds sold in auctions) Average Maturity and Yield Metrics for Slovakia 9 4,5% 4,0% 8 3,5% 7 3,0% 6 2,5% 5 2,0% 1,5% 4 1,0% 3 0,5% 2 0,0% 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 Avg. Maturity (years, lhs) Avg. YTM (new issuance, rhs) ㄝ 35 Source: ARDAL, data as of September 2022

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