Investor Presentaiton

Unemployment continued to decrease in 2008 Slovak Unemployment Rate 20% 18% 16% 14% 12% 10% 8% 2001 2002 2003 2004 2005 2006 2007 2008 Source: Eurostat Development of the Unemployment Rate, Peer Comparison 2002 2008 Change in p.p. Slovakia 18.7% 9.5% -9.1 Czech 7.3% 4.4% ↓-2.9 Greece 10% 7.7% -2.3 Portugal 5.1% 7.7% ↑ +2.6 Eurozone 8.3% 7.5% ↓ -0.8 + Strong employment growth as the main factor behind declining unemployment + Employment grew at 2.4% in 2007 and 3.2% in 2008 + In the European Union, Slovakia compares very favourably in the reduction of unemployment + Good prospects to recover employment due to relatively flexible labour market and low wage costs H Source: Eurostat 18

View entire presentation