Sustainable Bond Framework

ROC's Second Party Opinion Opinion provided by ISS-ESG "The use of proceeds categories have a significant contribution to SDGs 1 'No Poverty', 2 'Zero Hunger', 3 'Good Health and Well Being', 4 'Quality Education', 6 'Clean Water and Sanitation' 7 'Affordable and Clean Energy', 8 'Decent Work and Economic Growth', 10 'Reduced Inequalities', 11 'Sustainable Cities and Communities, 12 'Responsible Consumption and Production', 13 'Climate Action', 14 'Life Below Water' and 15 'Life on Land', and a limited contribution to SDG 5 'Gender Equality'." "The Issuer defines exclusion criteria for harmful project categories and a three years lookback period, in line with best market practices." "The key sustainability objectives and the rationale for issuing Sustainable Financing Instruments are clearly described by the Issuer. All project categories financed are in line with the sustainability objectives of the Issuer." ISS ESG Scoring delivered by ISS-ESG Criteria Part I: Alignment to the Green and Social Bond Principles Category, the ICMA Sustainable Bond Guidelines and the LMA Green and Social Loan Principles? Part II: Sustainability quality of the eligibility criteria? Part III: Linking of the transaction to Cyprus' overall ESG Profile? ✓ Aligned ✓ Positive Score ✓ Consistent with Issuer's sustainability strategy Republic of Cyprus ISS CORPORATE ISS ESG Suttavalile foruma franazori ICMA International Capital Market Association SECOND PARTY OPINION (SPO) VERIFICATION PARAMETERS The The Green Bond Principles The Social Bond Principles Sustainability Bond Guidelines 39

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