Errata - Circular 2489 of October 27, 2025 - Compilation of Securities Market Regulations

Montevideo, October 27, 2025 Ref: ERRATUM - CIRCULAR 2484 of July 15, 2025 - COMPILATION OF SECURITIES MARKET REGULATIONS

The market is informed that the Superintendence of Financial Services adopted the following resolution on October 24, 2025:

2020-50-1-02170 Diagonal Fabini 777 - C.P. 11100 - Tel.: (598 2) 1967 - Montevideo, Uruguay - www.bcu.gub.uy

PATRICIA TUDISCO Superintendent of Financial Regulation

CIRCULAR N° 2489

SUPERINTENDENCE OF FINANCIAL SERVICES – RESOLUTION SUPERINTENDENCE OF FINANCIAL SERVICES

VIEWING: Circular 2484 of July 15, 2025, which modified the regulations governing the issuance of securities under the simplified regime and through crowdfunding platforms.

RESULTING: I. That for issuers of securities issued through crowdfunding platforms, Circular 2405 of July 22, 2022, extended to 4 months following the end of each fiscal year the maximum deadline established in literal a.1.1 for the submission of annual financial statements (both individual and consolidated for the group).

II. That, likewise, when the aforementioned issuers are entities that do not prepare financial statements, the Circular referred to in Resulting I extended to 4 months counted from the end of the economic or fiscal year the deadline established in literal a.2 for the submission of the information pertaining to them.

III. That, upon the issuance of Circular 2484 of July 15, 2025, an error occurred in modifying the maximum deadline for the submission of the information corresponding to literals a.1.1 and a.2 of Article 271.2 of the Compilation of Securities Market Regulations to 3 months.

CONSIDERING: That it corresponds to reinstate for both cases the 4-month deadline provided for in Circular 2405 of July 22, 2022, for the submission of the information detailed in the Resulting sections.

ATTENTIVE: To the provisions of literal H of Article 38 of Law No. 16.696 of March 30, 1995, in the wording given by Article 2 of Law No. 20.345 of September 19, 2024, in Law No. 18.627 of December 2, 2009, in Articles 49 and 50 of Law No. 19.820 of September 18, 2019, and in the Memorandum MM/2025/00388 on delegation of attributes and assignment of functions for the position of Superintendent dated 10/14/2025.

THE SUPERINTENDENT OF FINANCIAL REGULATION, IN EXERCISE OF DELEGATED AND ASSIGNED ATTRIBUTES AS SUPERINTENDENT OF FINANCIAL SERVICES

RESOLVES:

1. SUBSTITUTE in CHAPTER II - ACCOUNTING AND FINANCIAL STATEMENTS of TITLE I - INFORMATION REGIME of PART II BIS - ISSUERS OF SECURITIES REGISTERED WITH COMPANIES ADMINISTERING CROWDFUNDING PLATFORMS of BOOK VI - INFORMATION AND DOCUMENTATION of the Compilation of Securities Market Regulations, Article 271.2 with the following:

Article 271.2 (ACCOUNTING AND MANAGEMENT INFORMATION).

Issuers of securities registered with companies administering crowdfunding platforms must submit the following information to said company:

a. With annual frequency:

a.1. In the case of persons who prepare Financial Statements:

a.1.1. Within the deadline of 4 (four) months from the end of each fiscal year:

i. Annual consolidated Financial Statements of the group, accompanied by a Compilation Report, duly signed and with the corresponding professional stamps.

In cases where consolidation is not required, a sworn declaration indicating the reasons why the company does not prepare consolidated Financial Statements must be presented.

ii. Annual individual Financial Statements, accompanied by a Compilation Report, duly signed and with the corresponding professional stamps.

iii. Certificate of being up to date with the General Tax Directorate and the Social Security Bank or, in its absence, SME Certificate issued by the National Directorate of Crafts, Small and Medium Enterprises of the Ministry of Industry, Energy and Mining. In the case of non-resident securities issuers, certificates from the equivalent tax authorities of their country of origin must be presented.

a.1.2. Within the deadline of 4 (four) months from the end of each fiscal year:

i. Minutes of the Assembly of the competent body approving the Financial Statements, duly signed, if applicable.

ii. Annual Report of the Board of Directors or administrative body on the management of social business and performance in the last period, in accordance with the provisions of Article 92 of Law No. 16.060 of September 4, 1989.

iii. Report of the audit body, if applicable, duly signed.

a.2. In the case of persons who do not prepare Financial Statements, within the deadline of 4 (four) months from the end of the economic or fiscal year:

i. Fiscal sworn declaration corresponding to the last closed year.

ii. Certificate of being up to date with the General Tax Directorate and the Social Security Bank or, in its absence, SME Certificate issued by the National Directorate of Crafts, Small and Medium Enterprises of the Ministry of Industry, Energy and Mining. In the case of non-resident securities issuers, certificates from the equivalent tax authorities of their country of origin must be presented.

b. With quarterly frequency, within the deadline of 15 (fifteen) business days following the end of each quarter of the economic or fiscal year, a report with the character of a sworn declaration, stating:

i. the sales volume of the reported quarter

ii. their status with the General Tax Directorate and the Social Security Bank or with the corresponding tax authority in the case of non-residents.

iii. the evolution of the business and the application of captured funds containing, at a minimum, a comparison between the investment project originally proposed in the prospectus and its degree of advancement, justifying any deviations detected.

The timely and proper submission by securities issuers of the information provided for in this article constitutes an indispensable requirement for the quotation of the securities issued by them.

Upon confirmation of the omission, the automatic suspension of the quotation will occur, a circumstance that will be declared by the Superintendence of Financial Services, and the securities cannot be quoted again until the situation that caused the suspension is regularized.

2. COMMUNICATE the provisions of the preceding numeral by issuing the corresponding Circular.

RR-SSF-2025-579 Date: 10/24/2025 14:32:46 Exp. 2020-50-1-02170

Publishable: Yes - Signatory: PATRICIA FABIANA TUDISCO BASIGNANI

CIRCULAR N° 2489