4th february, 2009

Union Agriculture Group has just been highlighted in a global agriculture report published by Macquarie Bank, where it was the only private company to be mentioned.
The report studies supply and demand characteristics for various agricultural commodities and expresses a positive view for the sector and long term price appreciation potential. In this context the analyst highlights the land owner as one of the most leveraged ways of playing rising commodity prices and uses UAG as an example of good operator.
After reviewing the history of the company and the current state of operations, he concludes by saying they "expect UAG to become a major agriculture producer in Uruguay".
Let us know if you would like a copy of the report and we will gladly send it to you.



































































































