Investor Presentaiton

TESOURONACIONAL Federal Public Debt Holders: Broadening the Investors base Public Debt Holders - Snapshot (Jan 2007) ... Government Financial Institutions 33% 7% External debt 11% Public Debt Holders - Snapshot (Aug 2012) Mutual Funds Financial Institutions 27% 24% Mutual Funds 23% Others 8% Pension Funds 15% External debt. 5% Insurance 2% Non-residents 1% Pension Funds Government 8% 16% Non-residents 13% Others 4% -Insurance 3% result of a long term strategy adopted by the National Treasury aimed at diversifying the investor base. 11

View entire presentation