Investor Presentaiton

18% 16% 14% 12% 10% 8% 6% 4% 2009 Low Unemployment Rate Drives Private Consumption 2ARDAL 2003 Agentúra pre riadenie dlhu a likvidity 2023 Dobi and Liquidity Management Agency ✓ The unemployment rate reached historical minimum in 2019 Although the pandemic increased the unemployment rate slightly, the shock has been weathered Low unemployment rates are expected to drive private consumption and thus economic growth in years to come Unemployment Evolution versus Peers 2010 2011 2012 2013 Belgium 2014 2015 2016 2017 -Slovakia Euro area (20 countries) キ 16 2018 Finland 2019 2020 2021 Source: Eurostat 2022 6,8% 6,1% 5,6%

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