Investor Presentaiton

Uruguay remains a bastion of institutional stability in a volatile region Ranking position in LATAM Political Stability (Worldwide Governance Indicators, 2017) 1st 1st Rule of Law (World Justice Project, 2017-2018) 1st 1st Prosperity 1st (Legatum Institute, 2017) 2nd 2nd Global Peace (Institute for Economics & Peace, 2018) 2nd (*) 18th place worldwide as a Full Democracy Lowest Corruption Perception (Transparency International, 2017) Full Democracy (*) (The Economist Intelligence Unit, 2017) Press Freedom (Reporters Without Frontier, 2018) Economic Freedom (Heritage Foundation, 2018) 3

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