0000950123-03-004351 Sample Contracts

DEALER MANAGER AGREEMENT
Dealer Manager Agreement • April 16th, 2003 • Uruguay Republic Of • Foreign governments • New York

WHEREAS, the Republica Oriental del Uruguay (the "Republic") entered into an engagement letter (the "Engagement Letter") dated February 13, 2003, with Salomon Smith Barney Inc., now Citigroup Global Markets Inc. (the "Global Coordinator"), to advise the Republic in connection with the development and execution of a comprehensive and voluntary debt re-profiling strategy for the Republic's public debt obligations both on a domestic and external basis.

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