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Tender Offer Uruguay ) announced today the commencement of an offer to purchase for cash (the Tender Offer ) bonds of each series of Global Bonds listed in the table below (collectively, the Old Bonds and each Old Bond, a series of Old Bonds) such that the aggregate Purchase Price to be paid for the Old Bonds tendered and accepted for purchase pursuant to the Tender Offer is equal to a maximum purchase amount for each series to be determined by Uruguay in its sole discretion (the Maximum Purchase Amount ). The terms and conditions of the Tender Offer are set forth in the offer to purchase, dated May 13, 2021 (the

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