International Presence and Activities

VUB COVERED BOND PROGRAMME PROGRAMME STRUCTURE DIAGRAM Pre-bankruptcy VÚB BANKA Assets Liabilities National Bank of Slovakia Periodic reporting General estate assets General estate liabilities Yearly/ ad hoc reporting Periodic review Programme Monitor Cover Pool Assets Covered bonds Post bankruptcy - National Bank of Slovakia Periodic reporting Involuntary administrator/trustee in cooperation with Programme Monitor VÚB BANKA Liabilities RECOURSE Covered bondholder Assets General Estate Assets General Estate Liabilities DUAL RECOURSE Covered bondholder Cover pool management Cover Pool Assets as Separate Estate Covered Bonds 49

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