Investor Presentaiton

STATE OIL FUND AND SOVEREIGN RATINGS azpromo Export and Investment Promotion Agency of the Republic of Azerbaijan 49.0 BLN.USD AS OF JANUARY 1, 2023 - SOFAZ'S PORTFOLIO BREAKDOWN BY ASSET CLASS SOVEREIGN RATINGS BY MAJOR RATING AGENCIES Fixed income and money market instruments Equities Real estate ■ Gold 6.4% 12.0% 18.7% 62.9% Standard & Poor's BB+, Outlook Stable Moody's Ba1, Outlook Stable Fitch • BB+, Outlook Positive 5

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