Sacyr has sold all the Repsol shares that remained in its possession since the last communication to the CNMV (2.9% of the capital).

The sale operation has been possible thanks to the increase in the price of Repsol shares in recent sessions, which has offset the cost of the settlement of the put option derivatives (PUT) that acted as a hedge for the holding. The sale reduces the debt associated with these shares by 563 million euros and leaves Sacyr with a positive cash balance of 58 million euros, which will be used to reduce debt with recourse and meet its investment plan in concessions.

This operation represents the fulfillment of one of the objectives of Sacyr's Strategic Plan 21-25, which is to improve the visibility of the balance sheet and the predictability of the company's income statement.

Thanks to this Plan, Sacyr will strengthen its concession profile, which now contributes 83% of EBITDA, will reduce recourse debt (to which this operation also contributes), increase shareholder remuneration and integrate sustainability throughout its value chain .

Once Repsol's exit is complete, Sacyr will focus even more forcefully and with determination on meeting the rest of the objectives of its Strategic Plan and on its consolidation as a leading developer and operator of concessions at a global level.

Sacyr wishes to express its full support for Repsol's business strategy and policies to combat climate change.

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