Investor Presentaiton

DEMAND IN THE DOMESTIC AUCTIONS CONTINUES TO BE SUPPORTIVE Liquidity of the outstanding Eurobonds is facilitated by TAP auctions in domestic market In 2022 the emphasis has been on the domestic market by borrowing largest ever volumes in relatively short period (millions, EUR) Domestic market continues to perform strongly in domestic auctions (BIDS/Sold amount ratio) 4.82 1400 1200 5.00 4.04 1000 800 600 4.00 3.39 3.00 400 200 2.58 1.73 2.00 0 1.73 1.98 -200 2017 2018 2019 2020 2021 2022 2023* 1.62 1.29 ■Net issuance ■Gross issuance *Issued till October 9, 2023 1.00 Okt Nov Jan Feb Mar Apr May June Aug Sept 2023 Source: The Treasury as of 09.10.2023. Source: The Treasury as of 09.10.2023. Liquidity of bonds outstanding is increased by regular TAP auctions of XS ISIN bonds in domestic market 2049 1.875% 19/02/2049 Savings Bonds - inclreasingly popular for retail investors 2.75 2047 2.250% 15/02/2047 2036 1.375% 16/05/2036 2033 3.875% 12/07/2033 2031 0.000% 17/03/2031 2030 0.250% 23/01/2030 2029 0.000% 24/01/2029 2028 3.500% 17/01/2028 2028 1.125% 30/05/2028 2027 3.875% 25/03/2027 2026 0.375% 07/10/2026 2025 1.375% 23/09/2025 2024 0 2.875% 30/04/2024 Sustainability bond, issued in 2021 mil.EUR 250 5 October, 2023 200.8 mEUR 200 Latvia Eurobonds Outstanding 150 (nominal amount, EUR million) 100 50 Oct 2022 7.9 mEUR 0 Jun 2022 Sept 2022 Dec 2022 Mar 2023 Jun 2023 Sept 2023 500 1000 1500 2000 TAPS of outstanding Eurobonds in domestic market 32 Eurobon international issuances (syndication) Source: The Treasury as of 09.10.2023. Source: The Treasury

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