Ferrovial is pleased to announce that it has received acceptances of its offer and acceptance instructions under the Institutional Acceptance Facility for 59,26% of Broadspectrum shares. The offer will therefore become unconditional. The acquisition supports Ferrovial Services' entry into the Australian market by integrating a leading services company with a significant platform across various segments. Broadspectrum operates in Australia and other countries like USA, Canada and Chile, and in the energy, mining, telecommunications, social, property, defence and infrastructure maintenance markets. In relation to the provision of services at the regional processing centres in Nauru and Manus province, these services were not a core part of the valuation and the acquisition rationale of the offer, and it is not a strategic activity in Ferrovial's portfolio. Ferrovial's view is that this activity will not form part of its services offering in the future. Given that Ferrovial's voting power[i] in Broadspectrum now exceeds 50%, the offer period has been automatically extended until 7.00pm (Sydney time) on Friday, 13 May 2016 (unless further extended in accordance with the Corporations Act). Ferrovial must obtain at least 90% of acceptances during the offer period to compulsorily acquire all shares in Broadspectrum and de-list the company. Ferrovial believes that the offer of A$1.50 in cash, which has been recommended by the Board of Directors of Broadspectrum, is very attractive and encourages the remaining shareholders to accept. Finally, Ferrovial welcomes the management team, and the rest of the employees of Broadspectrum, as part of the Ferrovial Group. Ferrovial thanks them for their efforts in the past, and invites them to be part of the future of Broadspectrum. [i] 'Voting power' includes acceptance instructions held under the Institutional Acceptance Facility.