Irish Sovereign Green Bonds Update

Consumption fell sharply in 2020 - down 9% versus 2019 despite incomes being maintained 30 Consumption sharply hit in Q2: Q4 saw a step back from Q3 level - down 9% y-o-y Retail sales numbers volatile on switch in and out of lockdown 2020Q2 lockdown 2021 lockdown 25 20 20 15 10 5 0 1998 2000 2002 2004 2006 2008 Gníomhaireacht Bainistíochta an Chisteáin Náisiúnta National Treasury Management Agency Consumption Growth (Y-o-Y, RHS) Consumption (€bns, LHS) 2010 2012 2014 2016 2018 2020 Source: CSO 20% 40% 15% 20% 10% 0% 5% -20% 0% -40% -5% -10% -60% -15% -80% -20% -100% -25% 2019M01 2019M03 2019M05 2019M07 2019M09 2019M11 2020M01 2020M03 2020M05 2020M07 2020M09 2020M11 2021M01 2021M03 All Retail Bars Food Retail Department Stores 16

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