Investor Presentaiton

30% Covid-19 impact on prices coming through Inflation starting to show and rents pressure back House prices up 13.5% in the year to October 2021 Rents pressures return strongly with a y-on-y increase of 5.9% after initial Covid related softening 20% 10% 0% -10% -20% -30% 2005 2007 2009 2011 2013 2015 2017 2019 -National (Y-o-Y %) Dublin (Y-o-Y %) Ex Dublin (Y-o-Y %) Gníomhaireacht Bainistíochta an Chisteáin Náisiúnta National Treasury Management Agency Source: CSO 180 160 140 120 100 80 60 40 20 2005 2006 2007 2008 2009 2010 Rents now well above prices 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 Rents (100 = 2005) Price 75

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