SZRB Asset Management current activities
                  Manager                        Advisory                       Manager
                                                  EFSI
        SIH – Fund of Funds            Investment Plan for Europe      SZRF – JEREMIE 
        Implementation of ESIF in      - EFSI                          Implementation of 
        Slovakia using Financial       Local entry and advisory        JEREMIE Funds in 
        Instruments                    point for EFSI, EIAH, EIPP      Slovakia since 2016
                                                                                                  2
                                                                  3
       SIH - Slovak Investment Holding 
       An initiative proposed by the Ministry of Finance of the Slovak Republic to support 
       national investment priorities 
       Centralised  and  more  efficient  implementation  of  ESIF  via  financial  instruments  in 
       Programming period 2014-2020
         Mandate: Government Resolution 
         ESIF allocation: min. 3% from each Operational Programme
         Expected total allocation: approximately EUR 552m
         Manager: SZRB Asset Management
         Supervisory Board: nominees from MoF and Managing Authorities 
         Investment strategy: in line with Operational Programmes
         Mechanism: Fund of funds
                                                                                     4
          SIH – investment areas allocations
                                                                                     Financial Instruments
                                                                  EURm
                                                      OP Allocation or       Equity    Mezzanin      Soft     Guarante
                       Sub-funds                   Financial Instruments                   e        Loans        es
                                                                1
                          Infrastructure Fund                   4               ✔           ✔          ✔           ✔
                                                                0
                                                                   1
                        Energy Efficiency Fund                     7                                   ✔           ✔
                                                                   7
                          Waste Management                7                                 ✔          ✔           ✔
                                 Fund                     3
                              SME Fund                      9                   ✔                      ✔           ✔
                                                            0
                         Social Economy Fund              7                     ✔                      ✔           ✔
                                                          2
                                                                                                    5
                            Fund of Funds                                                           5
                                                                                                    2
                                                                                                                      5
          SIH Investments
                                             Mezzanine tranche in PPP project D4R7 – signed in 2016
         Infrastructure (direct)             Loan for Safety Diagnosis Vehicles railway project – to be signed Q1 2018
                                             Possible further infrastructure (road, railways, water) projects
                                             PRSL residential buildings – public procurement ongoing (close Feb2018)
         Energy Efficiency                   Public buildings – preparing EPCs framework for Slovakia
                                             SMEs – under preparation
         Waste Management                    Public procurement to be launched Q1 2018 (waste processing plants, 
         and renewable energy                 waste-to-energy facilities, etc.) 
                                             Equity for seed SMEs – under preparation
                                             VC equity for growth stage SMEs – preparing for direct implementation
         SMEs                                FLPG – public procurement ongoing (close Jan2018)
                                             PRSL – public procurement ongoing (close Jan2018)
                                             Public procurement to be launched in Q1 2018 (guarantee products for 
         Social Economy                       social enterprises, social housing construction cooperatives, municipal 
                                              rental housing projects, self-help housing construction projects)
           April 2016                                                                                                             6