ed, Zurich, Switzerland and/or its icensors ("Licensors”}, which is used under license. MSCI Indices. The MSCI indices are he exclusive property of MSCI Inc. *MSCI"}. MSCI and the MSCI index names are service mark(s} of MSCI or its affiliates and are licensed for use for certain purposes by The Goldman Sac

the Dow Jones Industrial Average to track general market performance. MSCI Indices (MSCI EAFE Index). The MSCI indices are the exclusive property of MSCI Inc. (“MSCI”). MSCI and the MSCI index names are service mark(s) of MSCI or its affiliates and are licensed for use for certain purposes by the Issuer. Th

e of NCT in Switzerland. Peter is a graduate with MSc in Material Science and Engineering from The Royal In

the Dow Jones Industrial Average to track general market performance. MSCI Indices (MSCI EAFE Index). The MSCI indices are the exclusive property of MSCI Inc. (-MSCI"). MSCI and the MSCI index names are service mark(s) of MSCI or its affiliates and are licensed for use for certain purposes by the Issuer. T

21.00% 7.77% MSCI INDEX (FRONTIER EMERGING MARKETS) 7.03% -10.19% 15.25% MSE TOP20 INDEX -3.99% -18.62% 350.3% Source: Bank of Mongolia and MSCI Inc. www.mscibarra.com 38 EFTA_R1_0 1979483 EFTA02678836 II GOLOMT BANK Sovereign Credit Ratings Foreign Local Currency Outlook Currency Debt D