UNDERWRITING AGREEMENT dated October 15, 2003 among REPÚBLICA ORIENTAL DEL URUGUAY, BANCO CENTRAL DEL URUGUAY, AS FINANCIAL AGENT, CITIGROUP GLOBAL MARKETS INC. and UBS SECURITIES LLCUnderwriting Agreement • October 27th, 2003 • Uruguay Republic Of • Foreign governments • New York
REPÚBLICA ORIENTAL DEL URUGUAY (the “Republic”) proposes to issue and sell to Citigroup Global Markets Inc. and UBS Securities LLC (the “Underwriters”) the principal amount of its securities identified in Schedule I hereto (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 the Registration Statement (as defined below) under Schedule B of the Securities Act of 1933, as amended (the “Securities Act”), dated March 11, 2003, of the Republic registering U.S.$3,000,000,000 (or an equivalent amount in other currencies or currency units) aggregate principal amount of the Republic’s debt securities and/or warrants to purchase debt securities, including the Securities, under the
