UNDERWRITING AGREEMENT Dated July 13, 2016 REPÚBLICA ORIENTAL DEL URUGUAY, acting through the Ministry of Economy and Finance AND BARCLAYS CAPITAL INC. AND BNP PARIBAS SECURITIES CORP. AND J.P. MORGAN SECURITIES LLC UNDERWRITING AGREEMENT 4.375% USD...Underwriting Agreement • July 29th, 2016 • Uruguay Republic Of • Foreign governments • New York
REPÚBLICA ORIENTAL DEL URUGUAY acting through the Ministry of Economy and Finance (the “Republic”) proposes to issue and sell to the underwriters named in Schedule II hereto (the “Underwriters”) (i) an additional U.S.$400,000,000 aggregate principal amount of its 4.375% USD Bonds due 2027 (the “Reopening 2027 Bonds”); and (ii) an additional U.S.$747,000,000 aggregate principal amount of its 5.100% USD Bonds due 2050 (the “Reopening 2050 Bonds” and together with the Reopening 2027 Bonds, the “Reopening Securities”). The Reopening 2050 Bonds will be issued pursuant to the indenture dated as of May 29, 2003 (the “2003 Indenture”), among the Republic, Banco Central del Uruguay (“Banco Central”), as the Republic’s financial agent, and The Bank of New York Mellon (formerly The Bank of New York) as trustee (the “Trustee”). The Reopening 2027 Bonds will be issued pursuant to the indenture dated as of October 27, 2015 (the “2015 Indenture”), among the Republic and the Trustee. A copy of the exe
