Ferrovial ceases discussions with Transfield Services, after increasing its proposal price to A$2.00

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21 of December of 2014

Ferrovial Services has ceased discussions with Transfield Services regarding an acquisition of 100% of the company. Ferrovial Services has undertaken the limited due diligence available and concluded that there were a number of issues that impacted value. In order to seek a Board recommendation, Ferrovial Services took a very long term view on value and proposed a revised price of A$2.00 per share, which has been rejected by the Board and therefore discussions have ceased. Ferrovial Services is a disciplined investor and will continue to investigate options to grow its business internationally.

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Ferrovial ceases discussions with Transfield Services, after increasing its proposal price to A$2.00

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