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Investor Presentaiton

Prudent and proactive debt management strategy State and state-guaranteed debt structure (end-May 2021) State and state-guaranteed debt by currency, US$ bn • debt, 41% of As of end-May 2021, Ukraine's total state and state-guaranteed debt (US$ 91.5bn / UAH 2,517bn) split between: 59% of external (In US$ bn) Total (% of GDP) State debt State-guaranteed debt 79.1% 80.9% 71.8% 60.9% 50.3% 60.8% Domestic in FX Domestic bonds 65.5 71.0 76.3 78.3 84.4 90.3 91.5 6% Domestic IFIs 21% 6% 4.4 0.6 6% 6% 8% 9% 10% 14% 13% in UAH 39% 17.3 Bank 19% 18% 18% 17% 13% US$ 81.5bn Other external 1.9 14% 14% loans US$ 19% 3.3 debt domestic debt 10.0bn 44% 45% 39% 43% 44% 36% 36% 31.9 4% 89% of state debt, 11% of state- guaranteed debt Notes 1 24.6 7.5 IFIs Eurobonds 30% 75% 30% 30% 30% 29% 37% 35% 36% 2015 2016 2017 2018 2019 2020 May 2021 ■UAH USD XDR EUR CAD JPY State debt amortization schedule (01.06.2021)1, US$ bn State debt dynamics, US$ bn Total debt service 21.1 3.7 1.9 79.9 81.5 74.4 11.5 10.1 10.5 8.4 6.7 67.1% 69.2% 65.3 67.2 60.7 61.5% 36.3 55.6 26.8 52.3% 27.5 53.9% 24.7 35.0 44.3% 21.2 2.5 12.2 1.8 3.6 5.7 44.5 45.2 3.6 1.7 34.4 36.0 38.5 39.7 39.3 4.7 3.8 1.5 1.3 2.9 1.7 2.3 3.3 2.4 1.9 1.6 1.4 2021E 2022E 2023E 2024E 2025E ■Interest - Domestic debt ■Interest - External debt Principal - Domestic debt Principal - External debt 2026E 2015 2016 2017 2018 2019 2020 May 2021 State external debt State domestic debt as % of GDP Incl. outstanding debt obligations only Source Ministry of Finance June 2021 BA 17
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