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Ferrovial Informs about the Takeover Bid for BAA

Grupo Ferrovial, S.A. has notified the Comisión Nacional del Mercado de Valores that Airport Development and Investment Limited is the company formed by the members of the consortium comprising Ferrovial Infraestructuras, S.A., a wholly-owned subsidiary of Grupo Ferrovial, S.A., with Caisse de dépôt et placement du Québec and an investment company managed by GIC Special Investments Pte Ltd.

The company to make the offers to acquire all of the capital issued and to be issued by BAA plc and all the bonds that are convertible into shares of BAA.

The terms and conditions of the offers and the information required in the United Kingdom for the takeover bid for BAA have been sent to the shareholders of BAA and have been made available to the holders of bonds convertible into shares of BAA, with the corresponding "Forms of Acceptance", all in accordance with the procedures established in English law for this purpose.

The deadline for acceptance of the offers is 3 pm London time on 18 May 2006.



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