Investor Presentaiton

ESG: Uruguay is a bastion of institutional, political and G social stability in LatAm, ranking alongside most developed nations Adherence to the Rule of Law (2) (Numerical score out of 1, year 2021) Political Stability and Democracy (1) (Percentile rank, year 2020) 0000 0.8 100 "Full Democracies" 80 60 40 20 0.6 0.4 0.2 O.O Civil Unrest (3) (Index out of 10, first quarter of 2020) 10 8 Corruption Perception (4) (Rank, year 2020) 180 6 4 2 120 60 о 10,5 (1) Source: Worldwide Governance Indicators, World Bank (2021) and The Economist Intelligence Unit (2021). (2) Source: World Justice Project (2021). (3) Source: Verisk Maplecroft ((2020). (4) Source: Transparency International (2021). 31

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