Investor Presentaiton

How would you evaluate the prevailing mood of the Armenian population? Belief that the future will definitely be better Hope that the future will be somewhat better Insecurity, worry, fear for the future Total disappointment, disbelief in any improvement Don't know/Refused 18% 26% 20% 17% 26% 26% ■March 2023 35% ■July 2021* 29% 1% 3% 0% 10% 20% 30% 40% * Interviews for the July 2021 were conducted via computer-assisted phone interviews (CATI). 11

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