Investor Presentaiton

H The Koruna in ERM II since 2005 + Inflation is forecast to be 2.2% in 2007 + Free float of the Koruna since 1998 + Successive liberalization of financial transactions since 2000 Healthy state of the financial system + ERM II revaluation as of 19 March 2007 (1 EUR = 35.4424 SKK) + ERM II standard fluctuation band of +/- 15% will be observed 9% 8% 7% 6% 5% 4% 3% 2% 1% Slovakia CPI Inflation Regulated prices contr. 0% 2001 2002 2003 2004 2005 2006 2007* 2008* 3,5% 3,0% 2,5% 2,0% 1,5% 1,0% 0,5% 0,0% 2006 HICP Inflation, Peer Comparison Ilm Greece Slovak Eurozone Portugal * Forecasts Ministry of Finance Source: Ministry of Finance, NBS, European Commission Czech 11

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