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Investor Presentaiton

1 Market-friendly business regulations and new tax incentives for fixed capital formation underpinned investment dynamics. Uruguay ranked #1 as "the safest country in Latin America to invest in" by Euromoney in 2022. • Uruguay offers a favourable environment and financial freedom for doing business. Foreign. investors are granted the same incentives as local investors: there is no tax discrimination or restrictions for transferring profits abroad. New tax breaks for big-ticket construction projects and social housing ✓ Recent changes to the General Investment Promotion Regime (COMAP) providing more tax incentives encouraging employment creation (housing, offices and urbanization construction) and clean energy technologies. Investment presented according to promotion regime (1) (USD millions) 4,000 Investor-friendly policies and regulations, respect for rule of law and trade openness. 3,000 2,000 Uruguay grants several incentives to different types of activities, from industrial to commercial and service activities performed in the country. 1,000 ■COMAP ■Great Economic Dimension Social Housing 2015 2016 2017 2018 2019 2020 2021 2022 (1) Source: Ministry of Economy and Finance of Uruguay. The COMAP (by its acronym in Spanish) is the agency for the investment promotion regime. 6
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