UNDERWRITING AGREEMENT Dated August 6, 2013 REPÚBLICA ORIENTAL DEL URUGUAY, acting through the Ministry of Economy and Finance AND DEUTSCHE BANK SECURITIES INC. HSBC SECURITIES (USA) INC. UNDERWRITING AGREEMENT 4.500% USD Bonds due 2024Underwriting Agreement • August 28th, 2013 • 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”) U.S.$2,000,000,000 aggregate principal amount of its 4.500% USD Bonds due 2024 (the “Securities”). The Securities will be issued pursuant to an Indenture, dated as of May 29, 2003 (the “Indenture”), among the Republic, Banco Central del Uruguay (“Banco Central”), as the Republic’s financial agent, and the trustee named therein (the “Trustee”). A copy of the executed Indenture was filed on June 9, 2003 as an exhibit to a post-effective amendment to registration statement No. 333-103739, under Schedule B of the Securities Act of 1933, as amended (the “Securities Act”), dated March 11, 2003, of the Republic. The Securities will be issued in the form of one or more registered global securities (the “Global Securities”) deposited with a custodian for, and registered in the name of a nominee of, the
