Recovery of the Greek Economy

1 ◆ ENHANCED MARKET ACCESS - EXTENDED YIELD CURVE Since 2019, the Hellenic Republic has strengthened its yield curve through 12 bond market operations, which have attracted increasing demand Greece Government Bonds (GGBs) yield curve (05/07/2021) 2,0 Bid Yield (in %) 0,0 -0,5 1,5 Key characteristics of GGBs issuances since 2019 2021 issuance 2020 issuance 2019 issuance OY 1Y 2Y 3Y 4Y 5Y 6Y 7Y 8Y 9Y 10Y 11Y 12Y Source: Bloomberg as of 05-Jul-2021 13Y 14Y 15Y 16Y 17Y 18Y 19Y 20Y 21Y 22Y 23Y 24Y 25Y 26Y 27Y 28Y 29Y 30Y 31Y 32Y Issue Reopening ISINS Maturity Date Tenor Date Demand Amount Issued Amount Subscr. Rate Yield at Issuance Spread vs Bund at Issuance GR0124037715 09-Jun-21 18-Jun-31 10-Y €30.0bn €2.5bn 12.0x 0.89% 113 bps GR0114032577 05-May-21 12-Feb-26 5-Y €20.0bn €3.0bn 6.7x 0.18% 78 bps GR0138017836 17-Mar-21 24-Jan-52 30-Y €25.0bn €2.5bn 10.0x 1.96% 171 bps GR0124037715 27-Jan-21 18-Jun-31 10-Y €29.0bn €3.5bn 8.3x 0.81% 135 bps GR0128016731 21-Oct-20 04-Feb-35 15-Y €16.8bn €2.0bn 8.4x 1.15% 155 bps GR0124036709 02-Sep-20 18-Jun-30 10-Y €18.0bn €2.5bn 7.2x 1.19% 160 bps I GR0124036709 09-Jun-20 18-Jun-30 10-Y €17.0bn €3.0bn 5.7x 1.57% 188 bps GR0118020685 15-Apr-20 22-Apr-27 7-Y €5.9bn €2.0bn 3.0x 2.01% 263 bps GR0128016731 28-Jan-20 04-Feb-35 15-Y €18.8bn €2.5bn 7.5x 1.91% 213 bps GR0124035693 08-Oct-19 12-Mar-29 10-Y €7.6bn €1.5bn 5.1x 1.50% 210 bps GR0118019679 23-Jul-19 23-Jul-26 7-Y €13.0bn €2.5bn 5.2x 1.90% 243 bps GR0124035693 12-Mar-19 12-Mar-29 10-Y €11.8bn €2.5bn 4.7x 3.90% 373 bps GR0114031561 05-Feb-19 02-Apr-24 5-Y €10.0bn €2.5bn 4.0x 3.60% 389 bps Sources: PDMA, Bloomberg Total: €222.9bn €32.5bn ||| FUNDING THROUGHOUT THE RECOVERY 14

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