ACS, Actividades de Construcción y Servicios, S.A.

Comisión Nacional del Mercado de Valores

Edison, 4

28006 MADRID

Madrid, 9 July 2018

Dear Sirs,

For the purposes specified in Article 228 of the Consolidated Securities Market Act approved by Royal Legislative Decree 4/2015, of October 23, and supplementary provisions, as a continuation of the Significant Events of 11 June 2018 (register nº. 266627) and of 19 June 2018 (register nº 266947), related to the first execution of the scrip (the "First Execution") approved at the ACS, Actividades de Construcción y Servicios, S.A ("ACS" or the "Company") General Shareholders' Meeting of 8 May 2018 in order to implement an optional dividend system, I disclose the following Significant Event:

  • 6 July 2018, the period of negotiation over the free allotment rights corresponding to the First Execution ended.

  • The irrevocable commitment to purchasing rights assumed by ACS (the "Purchasing Commitment") has been accepted by holders of 33.32% of the free allotment rights, which has determined the acquisition by ACS of 104,858,560 rights for a total gross amount of 98,147,612.16 euros.

  • As it is usual in this type of operation, ACS has waived the shares corresponding to the free allotment rights acquired under the Purchasing Commitment. Likewise, ACS has renounced to the new shares corresponding to the remaining free allocation rights of ownership.

  • The definitive number of ordinary shares of a nominal value of EUR 0.5 each to be issued in the First Execution is 5,218,936, and the nominal value of the capital increase corresponding to the First Execution is 2,609,468 euros.

  • Consequently, the capital reduction by cancellation of treasury shares approved by the same General Meeting of May 8, 2018 will be a number of 5,218,936 shares and a nominal amount of 2,609,468 euros.

  • The expected date for the shares to be admitted for trading on the stock market is 19 July 2018, with trading properly commencing on 20 July 2018.

Yours sincerely,

Jose Luis del Valle Perez

Board Member, Secretary General

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ACS - Actividades de Construcción y Servicios SA published this content on 09 July 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 09 July 2018 07:23:07 UTC