Investor Presentaiton

Government debt burden set into a slightly downward path since 7 pandemic shock, while proactive debt management strategies aim to de-risk debt portfolio while keeping borrowing costs contained Gross and net debt stock of the Central Government (As of end-period, in % of GDP) Currency and maturity composition of debt (As of end-period) 80 Gross debt Debt in local currency (% of total) 80 -Average time to maturity (in years, RHS) 16 -Net debt 61.5 59.9 60 57.3 60 40 20 56,4 55.3 53.3 40 20 12.9 12 52.3 2016 2017 2018 2019 2020 2021 2022* 2005 2011 2017 2022* Source: Debt Management Unit, Ministry of Economy and Finance of Uruguay (*) Preliminary 35 55 8

View entire presentation