Investor Presentaiton

3 In the context of receding inflationary pressures, Central Bank is gradually reducing the short-term policy rate, while holding a contractionary monetary policy stance; the nominal exchange rate showed relatively low volatility over the last three years. Monetary Policy Rate (MPR) and interbank interest rate (1) (In %) 12 11 MPR Interbank interest rate (average) Nominal exchange rate (2) (Uruguayan pesos per dollar, daily) 44 10 8 7 0 5 4 3 Apr-20 Implementation of the MPR regime May-21 Jun-22 40 10.0% Jul-23 36 Feb-21 Dec-21 37.79 Oct-22 Aug-23 Nominal exchange volatility in LatAm (3) (Quarterly average of the absolute value of daily percent changes) 1.6 1.2 0.8 0.4 0.0 2019Q2 Colombia Chile Brazil Mexico Peru Uruguay 2020Q2 2021Q2 2022Q2 20232Q2 (1) Source: Central Bank of Uruguay. Before September 2020, the monetary policy instrument was growth in M1 monetary aggregate. (2) Source: Central Bank of Uruguay. (3) Source: own calculations based on Bloomberg. Regional and country specific information is as aggregated or reported, as applicable. Each such country information may be calculated differently and aggregated by each respective source using various methodologies. Accordingly, this comparison is for illustrative purposes only and we do not purport assert that the above information is actually comparable. 19

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