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Investor Presentaiton

Uruguay is a bastion of institutional and political stability in LatAm The country ranks alongside the most developed nations in terms of democratic strength, social mobility, the rule of law, civil liberties, and low perception of corruption. Political Stability and Democracy (1) (Percentile rank) 100 "Full Democracies" 80 60 40 20 Civil Unrest (3) (Index out of 10) 10 8 6 4 2 Adherence to the Rule of Law (2) (Numerical score out of 1) 0000 0.8 回 0.6 0.4 0.2 Corruption Perception (4) (Rank) 180 120 60 (1) Source: Worldwide Governance Indicators, World Bank (2019) and The Economist Intelligence Unit (2020). (2) Source: World Justice Project (2020). (3) Source: Verisk Maplecroft (first quarter of 2020). (4) Source: Transparency International (2020). 7
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