Investor Presentaiton

Uruguay has experienced over a decade and a half of uninterrupted economic growth Real GDP Growth (Annual change, in %) 8 00 6 4 2 Avg. 2005-2017: 4.3% 2.5 0 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018* (*) Projected Source: Central Bank of Uruguay 5

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