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Investor Presentaiton

6 E SG The country is at the forefront of environmentally-friendly policies, with a significant reduction in the carbon intensity of economic activity Uruguay: Carbon intensity as a share of GDP (1) (Green House Gas emissions as a share of real GDP, in %) 40 Total GHG emissions intensity 30 CO2 emissions intensity 20 10 5 Among emerging countries, Uruguay is ranked: • ⚫ #1 in the Environmental Pillar Index from MSCI (2021) Among Latin American and Caribbean countries, Uruguay is ranked: ⚫ #1 in the Energy Transition Index from the World Economic Forum (2021) 1990 1991 1995 1999 2001 2003 2005 2007 2009 2011 2013 2015 2017 2018 2019 (1) Source: National Inventory of Green House Gas Emissions and Ministry of Economy and Finance. 3 29 20
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