Ferrovial is to hold its Ordinary General Shareholders’ Meeting on 31 March

At todays meeting, the Board of Directors of the Ferrovial Group agreed to hold its Ordinary General Shareholders Meeting at 12.30 p.m. on 31 March 2000, in the Palacio Municipal de Congresos, auditorium B, Avenida Capital de España in Campo de las Naciones in Madrid, or, failing that, on 1 April 2000, at the same time and in the same place. Amongst the points on the agenda to be discussed and approved by the first Ordinary General Shareholders Meeting of the Ferrovial Group since it went public is the distribution of a dividend of euro 0.20 (Ptas 33.27) per share charged to business year 1999. The shareholders will also reach agreements with respect to the financial statements for business year 1999; the reduction in share capital announced earlier, by means of the amoritzation of old treasury stock (a total of 1,867,404 shares, representing 1.31% of the Ferrovial Groups share capital), which implies that share capital will amount to euro 140,264,743; authorization to acquire treasury stock up to a maximum of 5% of the groups share capital; payment of directors, including members of the Board of Directors with executive functions and linked to the value of the companys shares; and empowering the Board of Directors to increase share capital by a maximum amount of euro 70 million.