Investor Presentaiton

7 ESG: Uruguay is at the forefront of environmentally-friendly policies, reflected in low carbon intensity CO2 Emissions Intensity (1) (kg per 2011 PPP GDP) 0.25 0.2 0.15 Ranked #1 in the: л 0.1 • WEF Energy Transition Index among Emerging and Developing Countries 0.05 • MSCI Environmental Pillar Index among all countries in the world Latin America and Caribbean Uruguay • Green Future Index, MIT Technology Review 1990 1994 1998 2002 2006 2010 2014 2018 (1) Source: World Bank 29

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