Investor Presentaiton

THE GOVERNMENT OF THE GRAND-DUCHY OF LUXEMBOURG Ministry of Finance 6: STRONG PRESENCE IN THE GLOBAL WORLD OF FINANCE • Strong capitalization of Luxembourg-based banks • Overall solvency ratio of over 17% in 2012, more than twice the legally required minimum of 8%. % 20% Solvency Raio in 18% 16% 14% 12% 10% 8% 6% 0% de de do 4% 2% Legal required minimum 2002 2001 2000 1999 1998 1997 1996 Source: CSSF Investor Presentation, June 2013 2003 2004 2012 2011 2010 2009 2008 2007 2006 2005 Solvency Ratio 20 of 40

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