Investor Presentaiton

General government deficit 4,5% 2008 General Gov. Deficit (% of GDP), Peer Comparison Slovakia General Government Deficit (% of GDP) 9,0% 8,2% 8,0% 4,0% 7,0% 3,5% 6,0% 3,0% 5,0% 2,5% 3,5% 4,0% 2,0% 3,9% 2,7% 2,3% 2,8% 3,4% 3,0% 1,5% 1,9% 2,2% 2,0% 1,0% 2,2% 1,5% 1,0% 0,5% 0,0% 0,0% 2002 2003 2004 2005 2006 2007 2008 Slovakia Czech Rep. Hungary Poland H Source: Eurostat + Reductions in GG deficit with the aim to meet the Maastricht fiscal criterion in 2007 and creating conditions for long-term fiscal sustainability General government deficit of Slovakia reached 2.2% of GDP in 2008 (net of the pension reform costs it would be 0.9% of GDP) 2 21

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