abertis – 20 years on the stock exchange

• Formed as a result of the merger between acesa and Aurea, after the acquisition by the former of Iberpistas, the company continues in the line of acesa as a listed company and continues a long tradition in the markets of companies such as Aurea/Aumar, Iberpistas, Saba, TBI and Sanef..
• It has formed part of the select IBEX 35 index since its foundation in 1992, and is present in the important international indexes: Standard & Poor’s Europe 350, FTSEurofirst 300 and Dow Jones Sustainability World Index, which includes the main quoted European companies.
• During this period, the share has been revalued 75% anually, taking into account the adjustment for share capital enlargements.
• This week the abertis shares have registered their record maximum with adjusted closure, at €24.98 € per share.
• Over these 20 years there have been 19 share capital enlargements.
• The Board of Directors of abertis will submit for approval to the Shareholders’ Annual Meeting –which will be held on the 13th of June- the payment of a gross complementary dividend of 0.25 euros per share, planned for within the second half of June, as well as an enlargement of freed capital of one new share for every 20 old ones.

The Chief Executive of abertis, Salvador Alemany, today “rang the bell” in the Madrid Stock Exchange as a guest of honour of the session, celebrating the twentieth anniversary of the entry into the stock market of abertis shares. The agenda for the afternoon also involved Salvador Alemany carrying out the closure of honour of the market session in the Barcelona Stock Exchange.

With these events, abertis is commemorating its 20th anniversary on the Stock Exchange. This activity began with the shares of acesa in the 18th of May 1987, at a price of 1.56 euros. 20 years later, the value of abertis –which took over the baton in 2003- is at record levels, at around 25 euros per share, and its stock exchange capitalisation is around 15,000 million euros.

From its origins as acesa in 1987 until now as abertis, the share has been revalued by 75% anually, taking into account the adjustment for enlargements of share capital. The stock market capitalisation of the company has multiplied by 31.

abertis, which continues on the same line as acesa on the stock Exchange, continues a long tradition in the markets of companies such as Aurea/Aumar, Iberpistas, Saba, TBI and Sanef, has formed part of the Ibex 35 since its inception, the 14th of January 1992. The company is also present in important international indexes: Standard & Poor’s Europe 350, FTSEurofirst 300 and Dow Jones Sustainability World Index, which include the main quoted European companies.

abertis is currently among the leading companies of the Ibex 35 in terms of profitability by dividend. Furthermore, it is one of the three companies in the Ibex that has registered a positive annual variation in each of the last seven financial years. In the Ibex 35, it has always been among the 16 leading companies in the calculation of this index and, on the same lines, in the last three years abertis has been placed among the top ten.

Growing payments

abertis bases its payment policy to the shareholder on a constant annual dividend, which has grown by means of an annual enlargement of freed capital. Since 1987, 19 share capital enlargements have been undertaken, 15 of them totally freed.

The profitability of the abertis portfolio in 20 years quoted on the stock exchange is 1,844%, taking into account the adjustment of the share capital enlargements and dividend payments. The annual profitability of the portfolio, also considering these aspects, is 92%.

The Board of Directors of abertis will submit for approval to the Annual Shareholders’ Meeting –to be held on the 13th of June- the distribution of a complementary dividend of 0.25 euros gross per share with right to dividend which, added to the dividend on account paid in October 2006, makes a total dividend of 0.50 euros per share with charges in the 2006 results. The total sum in dividend payments is more than 304 million euros, which represented an increase of 5% compared to 2005.

Also up for approval by the General Meeting will be the enlargement of freed capital with reserve charges, maintaining the proportion of 1 new Class A share for 20 old ones, Class A or B, for a sum of 91.2 million euros. The number of new shares issued will be 30.4 million, while the resulting share capital, once the enlargement has been approved, will be 1,915 million euros.

International character

During these 20 years, internationalisation has been a key element in the growth of abertis. Comparing the results of abertis in 2006 with those registered in 1999 (still Acesa Infraestructuras at that time) clearly illustrates the great step forward made by the company, culminating in the last financial year with the incorporation of sanef and the announcement of forming part of the satellite operator Eutelsat.

Thus the consolidated income of the group has gone from 470 million euros in 1999 to more than 3,300 million in 2006. This growth is, to a large extent, the result of marked internationalisation of the business, as the figures show: whereas in 1999 only 3% of the income corresponded to international activity, in 2006 this percentage rose to 48%.

On the same lines, abertis is currently present in 16 countries (among which feature France, Italy, Portugal, United Kingdom, Argentina, Chile and the United States), compared to 3 countries in 1999. Furthermore, it has diversified the activity since the three lines of business in which it operated in 1999 (motorways, car parks and logistics services), adding the management of telecommunication infrastructures and airports.

Evolution of the abertis share

Annual evolution of the abertis share vs Ibex 35

Evolution of stock market capitalisation (in M€)

CHRONOLOGY

18.05.87: First day of effective listing of acesa.

14.01.92: Inception of the select Ibex35.

05.10.92: Minimum record of Ibex 35 at 1,873.58 points.

12.09.94: acesa launches a takeover bif for saba.

24.03.98: The Ibex 35 surpasses 10,000 points.

19.03.02: acesa launches a takeover bid for iberpistas.

20.05.02: Agreement on the merger that will produce abertis.

19.07.02: Result of the takeover bid for iberpistas.

02.06.03: First day quoted of abertis.

04.12.03: The acquisition of retevisión is formalised.

24.11.04: abertis and Aena Internacional launch takeover bid for TBI.

14.12.05: French government award Sanef to abertis consortium.

23.04.06: abertis and Autostrade announce their merger project.

05.12.06: abertis acquires 32% of the satellite operator Eutelsat.

13.12.06: abertis and Autostrade postpone their merger.

20.04.07: The Ibex 35 marks a record maximum of 15,080.90 points.

15.05.07: The abertis shares register their record adjusted closer price at €24.98 € per share.

18.05.07: abertis completes 20 years on the Stock Exchange.