Investor Presentaiton

+ Inflation criteria expected to be met in 2H 2007 14% + Fiscal criteria to be met this year 12% + Long-term yields are below reference value of Maastricht criteria 10% EMU Entry in Sight Fulfilment of Maastricht Criteria 65% 60% 55% 8% 50% * Forecasts Source: Ministry of Finance, NBS 45% 6% + Public debt level already below Maastricht threshold 4% 40% 2% 35% + EMU Entry Expected in January 0% 30% Inflation 2009 Fiscal deficit Interest rate FX volatility Public debt ■Maastricht Slovakia H Note: FX volatility is defined as deviation from central parity at 35.4424 SKK/€ within the period from revaluation of the central parity(19.3.2007) up to 20.4.2007 % 12

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