UNDERWRITING AGREEMENT DEVALUATION – PROTECTED NOTES DUE 2006Underwriting Agreement • August 10th, 2004 • Uruguay Republic Of • Foreign governments • New York
REPÚBLICA ORIENTAL DEL URUGUAY (the “Republic”) proposes to issue and sell to Citigroup Global Markets Inc. and ABN AMRO Incorporated (the “Underwriters”) the aggregate principal amount of the Devaluation – Protected Notes due 2006 (the “Securities”), identified in Schedule I hereto. 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 securi
