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Investor Presentaiton

Ukraine's 2019 gross financing needs. Based on 2019 State budget general fund US$ 11bn of borrowings budgeted Ukraine's 2019 Gross financing needs split by funding sources, US$ bn for 2019 US$ bn² 9.3 4.9 2.6 11.6 (6.9) (4.2) As of September 9, 2019, the following sources of financing 145.2 75.6 341.9 (202.0) have been tapped: US$ 600m World Bank partially- guaranteed 272.2 (0.6) UAH 106.3bn of UAH-denom. and US$ 1.96bn of FX-denom. domestic government bonds is the amount of instruments raised with maturity beyond 2019 (122.7) US$ 350m tap of 2024 Eurobonds (17.1) EUR 1bn Eurobond issuance Principal repayment Interest Primary balance UAH 268bn (equivalent of US$ 10.1bn) raised on domestic market o/w UAH 176.0bn in UAH-denominated bonds and US$ 3.4bn in FX denominated domestic bonds Gross financing needs State borrowings Domestic debt issuance External debt issuance Privatization proceeds Sources Ministry of Finance, 2019 State budget law Gross financing needs Domestic debt issuance External debt issuance Privatization proceeds UAH bn1 US$ bn² 341.9 11.6 324.8 11.0 202.0 6.9 122.7 4.2 17.1 0.6 September 2019 Figures in UAH were translated into US$ at 29.4 UAH/US$ (exchange rate 2019 State budget law is based on); for reference NBU UAH/US$ FX rate as of September 9, 2019 is 25.09 Notes 1 Figures based on 2019 State budget law 2 22 22
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