Investor Presentaiton

Unemployment Expected to Continue to Decline 20,0% Slovakia Unemployment Rate IIIII... 19,0% 18,0% 17,0% 16,0% 15,0% 14,0% 13,0% 12,0% 11,0% 10,0% 2001 2002 2003 2004 2005 2006 2007* 2008* Development of the Unemployment Rate, Peer Comparison -0.2 2002 2007* Change in p.p. Slovakia 18.7% 13,2% Ø -5.5 Czech 7.3% 7.1% Greece 10% 8.9% Portugal 5.1% 7.7% ↑ +2.6 Euroarea 8.3% 7.7% ↓-0.6 Source: European Commission NBS, Ministry of Finance * Forecasts: Ministry of Finance ↓-1.1 Factors behind declining unemployment: + strong employment growth + structural reforms leading to sustained economic growth + major labour market reform + more favourable demographic trends + Employment forecast to grow at 1.5% in 2007 and 0.9% in 2008 In the European Union, Slovakia compares favourably in reduction of unemployment H 10 10

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