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Investor Presentaiton

STATE OIL FUND AND SOVEREIGN RATINGS azpromo Export and Investment Promotion Agency of the Republic of Azerbaijan 45 BLN.USD - AS OF JANUARY 1, 2022 SOFAZ'S PORTFOLIO BREAKDOWN BY ASSET CLASS SOVEREIGN RATINGS BY MAJOR RATING AGENCIES Fixed income and money market instruments ■ Equities Real estate Gold 13,1% 6% 19,0% 61,8% Standard & Poor's BB+, Outlook Stable Moody's • Ba2, Outlook Positive Fitch BB+, Outlook Stable 5

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