Published on 03/26/2004

In compliance with the provisions of Article 82 of the Securities Market Law (Ley del Mercado de Valores), GRUPO FERROVIAL, S.A. hereby notifies the Comisión Nacional del Mercado de Valores of the following:

SIGNIFICANT INFORMATION

1. For the corresponding purposes, it is hereby certified that, in accordance with the Board of Directors proposals, todays Annual Shareholders Meeting adopted the following resolutions:
   • Approval of the financial statements and management report of Grupo Ferrovial, S.A. and its consolidated group for 2003.
   • Application of the 2003 results and the distribution of a dividend of 0.60 euros per share, which, net of the interim dividend already paid, involves the payment of 0.38 euros per share to be distributed from 13 May 2004.
   • Approval of the conduct of business by the Board of Directors in 2002.
   • Amendment to the Bylaws in order to regulate the Shareholders´ Meeting.
   • Approval of the Shareholders´ Meeting Regulation of Grupo Ferrovial S.A. The text of the Regulation will be the subject of a supplementary disclosure.
   • Approval of a Stock Options Plan applicable to members of the Board of Directors with executive functions and to senior managers who report directly to the Board or one of its delegate bodies. Detailed information on the matter will be provided via an additional disclosure.
   • Empowerment to the Board of Directors to issue debentures, bonds, other fixed-income securities as well as warrants. The Board of Directors is empowered to determine the securities that can be issued; their amount (within the maximum of 75% of Grupo Ferrovial, S.A.´s equity in the latest approved balance sheet); the time of issuance (within at most five years after the date of adoption of the resolution); and any other assets that are necessary or appropriate for the success of the issue.
   • he terms of the resolutions adopted by the Shareholders´ Meeting relating to each item on the agenda coincide with the proposed resolutions that were reported to the Comisión Nacional del Mercado de Valores on 27 February 2004.
2. In compliance with Article 115 of the Securities Market Law, introduced by Law 26/2003, dated 17 July (which amended the Securities Market Law and the Spanish Corporations Law to reinforce the transparency of Spanish listed companies), the Shareholders´ Meeting was informed of the Board of Directors Regulation of Grupo Ferrovial, S.A., which was approved on 25 July 2003, reported to the Comisión Nacional del Mercado de Valores on 31 July 2003 and filed with the Madrid Mercantile Registry on 1 December 2003.

Madrid, 26 March 2004

José María Pérez Tremps. Director and General Secretary of Grupo Ferrovial, S.A.