Investor Presentaiton

2 Steady annual improvement in public finances based on strong commitment to fiscal discipline ... Central Government`s fiscal balance (1) (In % of GDP) 2017 2018 2019 2020 2021 2022(*) -1 -3 -5 Interest payments Primary balance -7 -Overall balance -5,8 -4.3 Source: Central Bank of Uruguay; Ministry of Economy and Finance of Uruguay. Does not Include extraordinary inflows to the Social Security Trust Fund. (*) Based on annual GDP projection for 2022. -3.2 11

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