1. PUNTA DEL ESTE A perfect balance between investment and lifestyle. Sovereign Society Uruguay Tour 2012 © 360 Terra International Realtywww.360Terra.com

2. ● What is Punta del Este about? ● What is going on here? - Current state of the market ● Where is it heading? ● Why is it a perfect balance between investment and lifestyle? ● What can we do for you? © 360 Terra International Realtywww.360Terra.com A perfect balance between investment and lifestyle.

3. © 360 Terra International Realtywww.360Terra.com 650 km 400 miles Montevideo Punta del Este Colonia Buenos Aires Driving times MVD – PdE:1:30 hs BsAs – PdE: 5 to 8 hs What is Punta del Este About? Location and distances.

4. © 360 Terra International Realtywww.360Terra.com Airport Península José Ignacio La Barra Laguna Garzón Punta Ballena Playa Mansa Playa Brava Montoya Distance from Península Punta Ballena8 miles José Ignacio21 miles What is Punta del Este About? Location and distances.

5. What is Punta del Este About? You choose your lifestyle © 360 Terra International Realtywww.360Terra.com ● Summer resort city Holiday/lifestyle destination Investment destination ● January and February high season ● Uruguay, Argentina, Brazil main markets ● What does Punta offer? - Beautiful natural setting beaches/countryside - High quality infraestructure - Full variety of services - Availability of diverse lifestyles - Active social life for everyone - Entertainment / nightlife

6. What is Punta del Este About? You choose your lifestyle © 360 Terra International Realtywww.360Terra.com

7. © 360 Terra International Realtywww.360Terra.com What is Punta del Este About? You choose your lifestyle

8. © 360 Terra International Realtywww.360Terra.com What is Punta del Este About? You choose your lifestyle

9. © 360 Terra International Realtywww.360Terra.com What is Punta del Este About? You choose your lifestyle

10. What is going on here? © 360 Terra International Realtywww.360Terra.com Nothing ever happens in Uruguay

11. What is going on here? © 360 Terra International Realtywww.360Terra.com -Uruguay a country without uncertainties -Political stability -Frente Amplio in office for first time in 2005 -Economic stability -Growth during world recession -Social stability -Strong indicators, education, health etc. -No natural disasters -The worst is your umbrella turning upside down -Punta del Este, a natural destination for RE investment

12. What is going on here? © 360 Terra International Realtywww.360Terra.com ● Save haven in the broad sense of the term. ● Quite a lot is going on, despite nothing ever happening. Real estate investment

13. What is going on here? © 360 Terra International Realtywww.360Terra.com Some relevant market characeristics ● Summer resort city: seasonal demand. ● A market paradox: supply larger than demand, but properties appreciate. Everything is for sale… ● Not much room for bargaining Final destination for money, if I sell… I HAVE A PROBLEM ● Season rental will pay for yearly expenses and more. Average ROI: 3% (after expenses and taxes) ● No MLS / Several brokers offer the same property ● Outdated WEB listings

14. Where is it heading? © 360 Terra International Realtywww.360Terra.com Punta, not only for our neighbours. - Becoming world famous - Chic, trendy, stylish, top destination - Punta google alert… you will receive articles from all over the world - Diverse lifestyles, entertainment, good infrastructure, security, beautiful beaches, great social life and interaction Is the growth sustainable? - No mortgages nor credit: Healthy growth, no leverage. - Booming economy or crisis elsewhere?... Investment pours into Punta Brazilians are just discovering Punta

15. Where is it heading? © 360 Terra International Realtywww.360Terra.com Real estate market in Uruguay is tightly related to the future of agricultural commodities. If you believe that prices of agricultural commodities are the result of speculation and may be artificially inflated and that their future is uncertain, then you should be uncertain about investing in Uruguay. Now, if you believe that the prices of agricultural commodities are based on solid ground as a result of China and India increasing their level of living at important pace, then demand for agricultural commodities will keep growing, and Punta del Este will keep being a top choice for thousands of people who seek the PERFECT BALANCE BETWEEN INVESTMENT AND LIFESTYILE.

16. Property Tours © 360 Terra International Realtywww.360Terra.com Airport Península José Ignacio La Barra Laguna Garzón Punta Ballena Playa Mansa Playa Brava Montoya Tato’s House USD 520.000 Saint Germain USD 500.000 Miranda USD 270.000 Yoo USD 350.000 Ocean Drive USD 188.000 to 505.000 One II USD 215.00 to 543.000 Gallo USD 310.000 Emerald USD 201.400 to 366.280 Gala Puerto

17. Property Tours © 360 Terra International Realtywww.360Terra.com Airport Península José Ignacio La Barra Laguna Garzón Punta Ballena Playa Mansa Playa Brava Montoya Quartier P.Ballena USD 885.000 Laguna States USD 251.340 to 787.904 Punta Alta USD 655.000 Hoyo 19 USD 850.000 El Puertito Boating Village USD 177.000 to 510.000 Imperiale III USD 511.000 to 752.000 Le Parc USD 770.000 Sietemares USD 750.000

18. What can we do for you? © 360 Terra International Realtywww.360Terra.com We understand that buying property in an unknown destination for you such as Uruguay, implies a BIG decision. Our job is to accompany you along the process of understanding what Uruguay has to offer and providing you the insights and feedback that you need to finally either discard or confirm this possibility.

19. What can we do for you? © 360 Terra International Realtywww.360Terra.com Sancho Pardo Santayana Managing Partner 360Terra Real Estate sancho@360Terra.com www.360Terra.com +598 2601 2567 +598 99 68 49 02 (mobile) Contact info