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Investor Presentaiton

Prices up in recent years but stalling Supply hampered by the pandemic and inflation (c.33-40k units needed p.a.) House prices up 3.6% y-on-y, above previous peak in 2007 - Transactions still above pre-pandemic levels Rebase, 2007 = 100 110 100 90 80 70 60 Dublin seeing prices cool 50 40 1 2005 2010 2015 National Dublin Gníomhaireacht Bainistíochta an Chisteáin Náisiúnta National Treasury Management Agency 80 50 70 40 60 Number, thousand 30 50 20 do % 40 10 30 0 20 -10 10 --20 0 2020 2012 2014 2016 2018 2020 2022 14Q Sum of Transactions, Ihs -Y-o-Y Change, rhs Source: CSO Excluding Dublin Source: CSO * Some estimates have put housing needs as high as 60,000 a year over the coming decades 64 .

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