Investor Presentaiton

Reduced reliance on the region for export revenues and sources of FDI inflows Exports of Goods by Destination (Last 12 months to August 2018, as a share of total) Foreign Direct Investment Inflows by Country of Origin 1/ (As a share of total, 2017) 2/ Argentina 5% Brazil 16% United Argentina 2% Brazil 1% States Others 54% 6% Others 50% Source: Central Bank of Uruguay China 19% Spain 24% United States 23% 1/ Includes equity contributions and profits reinvestments and excludes loans with related companies. 2/ Only considers countries with positive inflows. Source: Uruguay XXI with data from the Central Bank of Uruguay 13

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