March 16th, 2015

NEW The Central Bank of Uruguay, as financial agent of the Republic and in accordance with the instructions of the Ministry of Economy and Finance, granted the option to choose the currency in which the payment of interest and amortization of Nominal Peso Treasury Note Series 4 maturing on 3/21/2015 shall be made, which may be received in Uruguayan Pesos or US Dollars.

Only the bondholders who have a preference for payment in US Dollars shall proceed as indicated in the Press Release (available in Spanish).