Ferrovial Completes Regulatory Review Process for Nasdaq Listing

Ferrovial SE (“Ferrovial” or the “Company”), one of the world’s leading infrastructure groups in terms of managed investment, has concluded the U.S. regulatory review process for the Company’s registration statement filed with the U.S. Securities and Exchange Commission (the “SEC”), with the intention to directly list the Company’s shares on Nasdaq Global Select Market (“Nasdaq”). Following the conclusion of the U.S. regulatory review process, the Company has filed an acceleration request asking the SEC to declare its registration statement effective on May 8, 2024.

The first day of trading on Nasdaq is expected to be on or about May 9, 2024. Ferrovial’s ordinary shares will trade under the ticker symbol “FER”. The Company will also continue to be listed and traded, under the ticker symbol “FER”, in Spain on the Madrid, Barcelona, Bilbao, and Valencia stock exchanges and in the Netherlands on Euronext Amsterdam. Ferrovial would thereby be the first company of Spanish origin in the IBEX 35 index to list its ordinary shares on a U.S. stock exchange.

The listing will mark the Company’s inaugural presence on an exchange in the U.S., where it maintains a substantial portfolio of infrastructure assets.

“The United States is a market we know well. We have been here for more than 20 years building and managing toll roads in Texas, Virginia and North Carolina, and are currently developing the new Terminal One at JFK airport in New York,” said Rafael del Pino, Chairman of Ferrovial. “Our presence on Nasdaq is the culmination of years of dedication to providing infrastructure solutions for communities and puts us in a solid position for future growth.”

With a market capitalization of more than $26 billion, Ferrovial is one of the world’s largest and most established transport-related infrastructure operators, with projects spanning 15 countries, and four lines of business: Toll roads, Airports, Construction, and Energy. The Company has built a formidable presence in North America, which is estimated to account for more than 80% of the Company’s equity value based on analysts’ consensus as of December 2023. The U.S. market accounted for 71% of the total investments made by Ferrovial in 2023.

The Company aims to grow its U.S. investment significantly in the coming years amid the strong expected demand for infrastructure improvements and more limited availability of public sector financing.

Ferrovial plans to release its first quarter 2024 financial results on May 13 after the close of the U.S. stock markets and to hold a conference call with analysts the following day. The Q1 2024 financial results and earnings report will be available in the investor section of the Company’s website and on the SEC’s EDGAR page.