Investor Presentaiton

9 8 9. Trend of Pension Expenditure 7 6 5 4 3 2 1 0 2004/05 2008/09 2013/14 30 September 2014 ■% of Pension Expenditure on GDP ■% of Pension Expenditure on Total Revenue ■% of Pension Expenditure on Total Recurrent Exp. ■% of Pension Expenditure on Total Expenditure 18

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