INVESTOR CALL IN RELATION TO THE FOLLOWING SERIES OF BONDS ISSUED BY THE REPUBLIC:

U.S.$1,086,993,557 STEP-UP MACRO-LINKED BONDS

DUE 2030

Rule 144A: XS2966241528 / 296624152;

Regulation S: XS2966241361 / 296624136

U.S.$2,132,120,275 STEP-UP MACRO-LINKED BONDS

DUE 2033

Rule 144A: XS2966241791 / 296624179;

Regulation S: XS2966241445 / 296624144

U.S.$999,165,345 STEP-UP MACRO-LINKED BONDS

DUE 2036

Rule 144A: XS2966241874 / 296624187;

Regulation S: XS2966241957 / 296624195

U.S.$1,999,171,191 STEP-UP MACRO-LINKED BONDS

DUE 2038

Rule 144A: XS2966242252 / 296624225;

Regulation S: XS2966242096 / 296624209

U.S.$1,439,672,065 STEP-UP GOVERNANCE-LINKED BONDS DUE 2035

Rule 144A: XS2966242336 / 296624233;

Regulation S: XS2966242179 / 296624217

(the "Bonds")