Investor Presentaiton

Uruguay remains a bastion of institutional stability in the region Ranking position in LATAM Democracy Index (The EIU 2016) Rule of Law 1st (World Justice Project 2016) Political Stability and Absence of Violence/Terrorism (Worldwide Governance Indicators, WB 2016) Global Peace Index (Institute for Economics & Peace 2017) Note: Ranking position in LATAM and Worldwide, respectively 1st 1st 1st 1st 2nd 3rd 3rd Corruption Perception Index (Transparency International 2016) Prosperity Index (Legatum Institute 2017) Press Freedom Index (Reporters Without Frontier 2017) Economic Freedom Index (Heritage Foundation 2017) 9

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