OFFICIAL DOCUMENTS THE WORLD BANK Bouchard 547, 29th floor Tel. (54-11) 4316-9700 / 44 1RD- 10A I WORLDSMAKGROUP C1106ABG Fax- (54-11) 4313-1233 Latin America & the Caribbean Ciudad ALt6noma de Buenos Aires Argentine Republic ,201 His Excellency Danilo Astori Minister of Economy and Finance Ministry of Economy and Finance Colonia 1089 Montevideo, Uruguay Re: IBRD Loan 8733-UY (URUGUAY - Additional Financing for the Road Rehabilitation and Maintenance Program) Additional Instructions: Disbursement I refer to the Loan Agreement between the International Bank for Reconstruction and Development (the "Bank") and The Oriental Republic of Urugua (the "Borrower") providing the above-referenced loan (the "Loan"), dated JtA (o (the "Loan Agreement"). The Loan Agreement provides that the Bank may issue aMitional instructions regarding the withdrawal of the proceeds of the Loan. This letter ("Disbursement Letter"), as revised from time to time, constitutes the additional instructions. The capitalized terms used in this Disbursement Letter have the meanings ascribed to them in this Disbursement Letter or in the Loan Agreement (as the case may be). I. Disbursement Arrangements (i)Withdrawal Applications. Applications for withdrawal from the Loan Account ("Withdrawal Applications") of amounts of the Loan allocated to individual Disbursement Linked Results ("DLR") may, pursuant to the provisions of Section IV.A of Schedule 2 of the Loan Agreement, be sent to the Bank at any time after the Bank has notified the Borrower in writing that it has accepted evidence of achievement of the specific DLR. (ii) Withdrawal Amount. The Withdrawal Application may be for an amount not to exceed the amount of the Loan confirmed by the Bank for the specific DLR in respect of which the withdrawal is requested, as specified in the Bank's notice to the Borrower. (iii) Disbursement Deadline Date. The period of disbursement of the Loan ends six months after the Closing Date ("Disbursement Deadline Date"). This is the final date established by the Bank for receipt by the Bank of Withdrawal Applications. Normally, to support orderly closure of the Loan Account, the Bank does not accept Withdrawal Applications received after the Disbursement Deadline Date. The Borrower should promptly inform the Bank of any expected implementation delays or exceptional administrative issues before these dates. The Bank will notify the Borrower of any exception that the Bank may make to the Disbursement Deadline Date. (iv) Deposits of Loan Amounts. All withdrawals from the Loan Account shall be deposited by the Bank into an account specified by the Borrower and acceptable to the Bank. (v) Withdrawal Conditions. Please refer to the Withdrawal Condition(s) in the Loan Agreement. II. Withdrawal Applications (i) Authorized Signatories for Withdrawal Applications. An authorized signatory letter in the Form attached (Attachment 1) should be furnished to the Bank at the address indicated below providing the name(s) and specimen signature(s) of the official(s) authorized to sign Withdrawal Applications: The World Bank Torre Bouchard Bouchard 547, Buenos Aires, Argentina Attention: Jesko S. Hentschel, Country Director Latin America and the Caribbean Region (ii) Withdrawal Applications. Please provide completed and signed Withdrawal Applications, to the address indicated below: Banco Mundial SCN, Quadra 02, Lote A Edificio Corporate Finance Center 70 andar 70712-900 Brasilia, D.F. Brazil Attention: Monica Tambucho, Sr. Finance Officer, Loan Operations (iii) Electronic Delivery. The Bank may permit the Borrower to electronically deliver to the Bank Withdrawal Applications through the Bank's Client Connection, web-based portal. The option to deliver Withdrawal Applications to the Bank by electronic means may be effected if: (a) the Borrower has designated in writing, pursuant to the terms of subparagraph (i) of this Section, its officials who are authorized to sign and deliver Withdrawal Applications and to receive secure identification credentials ("SIDC") from the Bank for the purpose of delivering such Withdrawal Applications by electronic means; and (b) all such officials designated by the Borrower have registered as users of Client Connection. If the Bank agrees, the Bank will provide the Borrower with SIDC for the designated officials. Following which, the designated officials may deliver Withdrawal Applications electronically by completing Form 2380, which is accessible through Client Connection (https://clientconnection.worldbank.org). The Borrower may continue to exercise the option of preparing and delivering Withdrawal Applications in paper form. The Bank reserves the right and may, in its sole discretion, temporarily or permanently disallow the electronic delivery of Withdrawal Applications by the Borrower. (iv) Terms and Conditions of Use of SIDC to Process Withdrawal Applications. By designating officials to use SIDC and by. choosing to deliver the Withdrawal Applications electronically, the Borrower confirms through the authorized signatory letter its agreement to: (a) abide by the Terms and Conditions of Use of Secure Identification Credentials in connection with Use of Electronic Means to Process Applications and Supporting Documentation ("Terms and Conditions of Use of Secure Identification Credentials") provided in Attachment 2; and (b) to cause such official to abide by those terms and conditions. III. Other Important Information For additional information on disbursement arrangements and electronic delivery of Withdrawal Applications, please visit our secure website "Client Connection" at https://clientconnection.worldbank.org. If you have not already done so, the Bank recommends that you register as a user of the Client Connection website (https://clientconnection.worldbank.org). From this website you will be able to prepare and deliver Withdrawal Applications, monitor the near real-time status of the Loan, and retrieve related policy, financial, and other information. All Borrower officials authorized to sign and deliver Withdrawal Applications by electronic means are required to register with Client Connection before electronic delivery can be effected. For more information about the website and registration arrangements, please contact the Bank by email at . If you have any queries in relation to the above, please contact Jose Janeiro, Senior Finance Officer at jianeiro(,worldbank.org or a member of the Loan Department team responsible for the Uruguay portfolio using the above reference Yours sincerely, 4sk 4e chel (oury Director Argentina, Paraguay and Uruguay Latin America and the Caribbean Region Attachments NLA1. Form for Authorized Signatures N-42. Terms and Conditions of Use of Secure Identification Credentials in connection with Use of Electronic Means to Process Applications and Supporting Documentation, dated March 1, 2013 Cleared with and cc: Fabiola Altimari, country lawyer Gregoire Gauthier, task team leader