Broadspectrum : Close of Offer and Compulsory Acquisition

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ASX and Media Release

23 May 2016

Ferrovial Offer closes, Ferrovial obtains more than 90% of Broadspectrum

Ferrovial Services Australia Pty Ltd (ACN 609 542 556) (Ferrovial) notes that its takeover offer (Offer) for Broadspectrum Limited (Broadspectrum) closed at 7.00pm (Australian Eastern Standard Time) on Friday 20 May 2016 with Ferrovial having obtained a relevant interest in approximately 93.60% of the Broadspectrum shares.

In accordance with its stated intentions, Ferrovial will now proceed to compulsorily acquire all Broadspectrum shares which are not acquired under the Offer. Attached is a compulsory acquisition notice which has been lodged with the Australian Securities & Investments Commission. Also attached is a copy of an accompanying letter that will be sent to Broadspectrum shareholders together with the compulsory acquisition notice.

All Broadspectrum shareholders who did not validly accept the Offer before it closed will have their shares compulsorily acquired.

For media queries, please contact:

Martin Debelle CitadelMAGNUS [e-mail]

[phone]

23 May 2016

Ferrovial Services Australia Pty Ltd (ACN 609 542 556) Level 33, 101 Collins Street, Melbourne, Victoria, 3000

BRSTKO

MR SAM SAMPLE FLAT 123

123 SAMPLE STREET THE SAMPLE HILL SAMPLE ESTATE SAMPLEVILLE VIC 3030

IF YOU HAVE ALREADY ACCEPTED FERROVIAL'S OFFER FOR YOUR SHARES IN BROADSPECTRUM LIMITED, PLEASE IGNORE THIS LETTER AND THE ACCOMPANYING DOCUMENT(S)

Dear Shareholder

COMPULSORY ACQUISITION OF YOUR SHARES IN BROADSPECTRUM LIMITED

As you are aware, Ferrovial Services Australia Pty Ltd (ACN 609 542 556) (Ferrovial) offered to acquire all of your shares in Broadspectrum Limited (Broadspectrum) under an off-market takeover offer (Offer).

At 7.00pm (Australian Eastern Standard Time) on Friday 20 May 2016, the Offer closed and Ferrovial had acquired a relevant interest in more than 90% of the Broadspectrum shares as a result of acceptances received under the Offer. On 23 May 2016 Ferrovial announced that it would proceed to compulsorily acquire the remaining Broadspectrum shares. If you did not validly accept the Offer prior to its close, your Broadspectrum shares will be compulsorily acquired.

Enclosed is an ASIC Form 6021 which is a formal notice of compulsory acquisition under the Corporations Act 2001 (Cth). Please read this form carefully. Under the compulsory acquisition procedure, you will be entitled to receive A$1.50 for each Broadspectrum share you hold.

If you validly accepted the Offer prior to its close, please disregard this letter and the enclosed ASIC Form 6021.

Completion of the compulsory acquisition of your Broadspectrum shares is likely to occur approximately 4-6 weeks after the date of this letter (or later in some circumstances).

Broadspectrum will then send you a letter seeking your instructions on how to deal with the consideration payable to you for your Broadspectrum shares.

Yours faithfully

Santiago Olivares

Director

Ferrovial Services Australia Pty Ltd

Encl

213873_01U8UB

Samples/000001/000001

Australian Securities & Investments Commission

Form 6021

Corporations Act 2001

661B(1)(a)

Notice of compulsory acquisition following takeover bid

Ordinary Shares
('Bid Class Securities') in Name ('the Company')
Broadspectrum Limited
ACN/ARBN/ARSN
000 484 417
and each holder of securities that will or may be converted into, or confer rights to be issued, in the next 6 weeks, securities to which the bid related. and each holder of non-transferable securities issued under an employee incentive scheme referred to in paragraph 2.
Under a takeover bid offers were made by
Ferrovial Services Australia Pty Ltd (ACN 609 542 556)
in respect of the acquisition of Bid Class Securities in the company. The offers closed are scheduled to close on Date
2	0	/	0	5 /	1	6
[D	D]	[M	M]	[Y

Notice To each holder of:

Description of class of securities to which the bid relates

Name of target company or body

Tick applicable box(es)

1.

Name of bidder

Tick one box Date offers closed or are scheduled to close

0

Y]

Tick applicable box(es).

(see subsection 661A(4) and (4A))

1. You are, as at the date of this notice, the holder of one or more of the following

   securities in respect of which the takeover offer was made, but have not accepted the offer. (If you have accepted the offer but have received this notice you do not need to do anything in response to this notice- the bidder will acquire your securities under the offer.)

   securities to which the bid related issued after the end of the offer period and before the date of this notice

   Description of securities

   securities that will or may be converted into, or confer rights to be issued, in the next 6 weeks, securities to which the bid related

   securities issued under an employee incentive scheme to which restrictions on transfer apply under the company's constitution or the terms of issue, being

   the following securities in the bid class in which the bidder has a relevant interest

   213873_01U8TC

   Description of securities Ordinary Shares

2. The bidder gives you notice under subsection 661B(1) of the Corporations Act 2001 ('the Act') that the bidder has become entitled pursuant to subsection

   Tick one box 661A(1)

   661A(3)

   of the Act to compulsorily acquire your securities and desires to acquire those securities.

   ASIC Form 6021 21 June 2013 Page 1 of 2

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   Samples/000001/000002/i12

   Continued… Notice

3. Under section 661D of the Act, you have the right, by notice in writing given to the bidder within one month after this notice is lodged with ASIC, to ask the bidder for a written statement of the names and addresses of everyone else the

   bidder has given this notice to.

   Date of lodgement This notice was lodged with ASIC on Date

   2 3 / 0 5 / 1 6

   [D D] [M M] [Y Y]

   Insert paragraph 4A only where alternative forms of consideration were offered under the bid.

   4A. You are entitled, within one month after being given this notice (see paragraph 8), or within 14 days after being given a statement requested under section 661D of the Act (as referred to in paragraph 4 of this notice), whichever is the later, by notice in writing to the bidder, to elect which of the following forms of consideration will apply to the acquisition of your securities:

   Details of alternative terms N/A

   If you do not elect which of the alternative forms of consideration will apply to the acquisition of your securities, the form of consideration that will apply will be:

   Set out the terms that will apply N/A

4. Under section 661E of the Act, you have the right, within one month after being given this notice (see paragraph 8) or within 14 days after being given a statement requested under section 661D of the Act (as referred to in paragraph 4 of this notice), whichever is later, to apply to the Court for an order that the securities not be compulsorily acquired.

5. The bidder is entitled and bound to acquire the securities on the terms that applied under the takeover bid immediately before

   Tick one box this notice was given.

   the end of the offer period.

6. Unless the Court otherwise orders, on application made by you under section 661E of the Act within one month after being given this notice (see paragraph 8) or within 14 days after being given a statement under section 661D (as referred to in paragraph 4 of this notice), whichever is the later, the bidder must comply with paragraph 6 of this notice.

   Signature

   Name of person signing
   Kate Zorzi
   Capacity
   Company Secretary
   Signature
   Date signed
   2	3	/	0	5	/	1	6
   [D D] [M M] [Y Y]

7. A notice sent by post to you is taken to be given to you 3 days after it is posted.

213873_01U8TC

ASIC Form 6021 21 June 2013 Page 2 of 2

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