~ 1 ~ To: Deutsche Bank AG, London Branch, Winchester House, 1

To:
Deutsche Bank AG, London Branch,
Winchester House, 1 Great Winchester Street,
London EC2N 2DB, United Kingdom
(the Principal Paying Agent)
Att: Institutional Cash & Securities Services
Bondholders, S.L.
Av. Francia 17, A, 1
46023 Valencia
Spain
(the Commissioner)
Att. John Perlaza
From: Ferrovial Emisiones, S.A. (the Issuer)
Ferrovial, S.A (the Parent)
Dated: 28 April 2016
Dear Sirs
€300,000,000 2.500 per cent. Notes issued by
Ferrovial Emisiones, S.A. due 2024
guaranteed by Ferrovial, S.A. (the Notes)
1.
We refer to term and conditions of the Notes (the “Term and Conditions”). This is the
certificate provided for in Condition 3(f) of the Terms and Conditions.
2.
The list below sets out the Subsidiaries that were, as at 31 December 2015, (i) Relevant
Subsidiaries; (ii) Infrastructure Project Subsidiaries and/or (iii) guarantors of Principal
Indebtedness:
(i)
(ii)
Relevant Subsidiaries
-
Ferrovial Agroman, S.A.
-
Cespa, S.A.
-
4352238 Canada Inc
-
Hubco Netherlands B.V.
-
Trinity Infraestructure, LLC
-
US 460 Mobility Partners LLC
Infrastructure Project Subsidiaries
-
407 Internacional, Inc
-
LBJ Infraestructure Group
~1~
-
Skyway Concession Co. LLC.
-
NTE Mobility Partners
-
SH-130 Concession Company, LLC
-
Autopista Terrasa Manresa, S.A.
-
FGP, TOPCO
-
Autopista del Sol, C.E.S.A.
-
Autopista Madrid Levante, C.E.S.A.
-
Auto-Estradas Norte, S.A.
-
Euroscut Azores, S.A.
-
Faero UK Holding Limited
-
Eurolink Motorway Operation (N4-N6) Ltd.
-
Eurolink Motorway Operation (M3) Ltd.
-
NTE Mobility Partners Segments 3 LLC
-
Autovía de Aragón, Sociedad Concesionaria, S.A.
-
Concesionaria de Prisiones Figueras, S.A.U.
-
AmeyCespa WM (East), Ltd.
-
Cintra Inversora Autopistas de Cataluña, S.A.
-
Concesionaria de Prisiones Lledoners, S.A.
-
Ecoparc de Can Mata, S.L.
-
Gestión Medioambiental de Toledo, S.A
-
AmeyCespa (MK) SPV Limited
-
Autopista Alcala-O4Donnell, S.A.
-
Madrid Calle 30, S.A.
-
Autostrada, S.A.
-
Via Livre, S.A.
-
Sociedad Concesionaria Autovía de la Plata, S.A.
-
I-77 Mobility Partners LLC
-
407 East Development Group General Partnership
-
Inversora Autopistas de Cataluña, S.L.
-
Algarve International, B.V.
~2~
(iii)
-
Sociedad Concesionaria BAIO
-
Autovía del Almanzora, S.A.
-
OM and R 407 East Development Group General Parnership
-
Bip & Drive
-
Inversora de Autopistas de Levante, S.L.
-
FBSerwis B zoo SPV
-
Aeropuerto Cerro Moreno concesionaria, S.A.
-
Faero Latam BV
-
VergaraPromoinvest, S.L.
-
SCC Holding LLC
-
Scot Roads Partnership Project Ltd.
-
Scot Roads Partnership Financie Ltd.
-
Autoestrada do Algarve, S.A.
-
Nea Odos, S.A.
-
Central Greece Motorway (E65)
-
NTE Segmentos 3A-3B
-
I-77 Mobility Partners Holding LLC
-
Aeroco Netherlands BV
-
Scot Roads Partnership Holdings Ltd.
-
AGS Airports Holding
-
Serrano Park, S.A.
-
Autoestrada do Algarve, S.A.
-
Cespa Servicios Urbanos Murcia, S.A.
-
Nexus Infraestructures Unit Trust
-
Nexus Infraestructures Pty Ltd
-
Ruta del Cacao, S.A.S.
Guarantors of Principal Indebtness
-
3.
None
We confirm that as at the date hereof there is no Subsidiary as guarantor of a Principal
Indebtedness nor as Subsidiary Guarantor of the Notes.
~3~
Ferrovial, S.A.
[original copy is signed]
By: _________________________
Ferrovial Emisiones, S.A.
[original copy is signed]
By: _________________________
~4~