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Investor Presentaiton

Navarra is a stable region DEFICIT AND DEBT Features of debt portfolio 42 100% 80% 47.6% Euros 60% 40% 20% 52.4% Issues .9.6% Floating 100% 100% 90.4% Fixed Long term 0% Instrument Currency Interest rate Term Source: Government of Navarra. Loans are the main debt instrument of Navarra. There is no financing in other currencies, so currency risk is non-existent. Mainly fixed rates, reduce risk and volatility on payments. Nafarroako Gobernua Gobierno de Navarra

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