Investor Presentaiton

Followed through three months later, by extending duration with a 10-year UYU global issuance Global UYU due 2028 (in USD million equivalent) 5000 ■Exchange 4000 ■New Money 3000 4.0 x 2000 1,100 1000 4,400 0 Allocation Demand September 2017: Longest-ever nominal fixed-rate peso issuance. ➤ 10-Year maturity for USD 1.1bn-equivalent, 8,625% yield. ➤LM operation focused on international bonds (local currency and US dollar). 22 22

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