Irish Sovereign Green Bonds Update

-15% -20% 2005 2007 2010 Domestic Demand 2012 2020 Economic performance showed resilience; re-opening in Q2 before vaccine rollout underpins H2 recovery GDP remained positive in 2020 but domestic sectors hit Unemployment to unwind as economy begins to open Value added from ICT & pharma has given Ireland resilience 35% 200.0 700 30% 180.0 25% 600 160.0 20% 140.0 500 15% 120.0 10% 400 100.0 80.0 5% 300 60.0 0% 200 40.0 -5% 20.0 -10% 100 2015 2017 2020 GDP 0 Jan-20 Feb-20 Mar-20 Apr-20 May-20 Jun-20 Jul-20 Aug-20 Sep-20 Oct-20 Nov-20 Unemployment claimants (Index, Jan 20 = 100) Dec-20 Jan-21 Feb-21 Mar-21 Apr-21 Gníomhaireacht Bainistíochta an Chisteáin Náisiúnta National Treasury Management Agency Source: CSO * Domestic demand series accounts for multinational activity and known as modified final domestic demand (excludes inventories) ** Whether those on government income supports are unemployed is statistically debatable. Some will have left the labour force, others are just temporarily furloughed. 0.0 1996 1998 2000 2002 2004 2006 2008 2010 2012 GVA: Multinational dominated sectors (€bns) GVA: Domestic sectors 4 2014 2016 2018

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