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Investor Presentaiton

THE GOVERNMENT OF THE GRAND-DUCHY OF LUXEMBOURG Ministry of Finance 3: PUBLIC FINANCES 35 000 Gross Public Debt < 60% of GDP REFERENCE VALUE: 60% OF GDP 30 000 25 000 20 000 15 000 10 000 5 000 2016 2015 2014 2013 2007 2006 2005 2004 2003 2002 2001 2000 Gross Public Debt in mln euros Source: 14th Update of the Luxembourg Stability and Growth Programme 2013-2016 Gross Public Debt in % of GDP 2012 2011 2010 2009 2008 Investor Presentation, June 2013 70% 60% 50% 40% 30% 20% 10% 0% 8 of 40

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