Published on 02/10/2004

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

SIGNIFICANT INFORMATION

Updating the information released on 3 February 2004, 407 ETR Concession Company Limited (407 ETR), the company holding the concession to the toll road of the same name in Toronto (Canada), sought an injunction on 4 February 2004 against the Government of Ontario´s claim that the increase in tolls at the 407 ETR without the Administration´s authorisation constituted a breach of the concession contract.

On 9 February 2004, the Ontario Superior Court issued a decision by virtue of which the Government of Ontario´s declaration of breach of contract is invalidated until the dispute between the Administration and the concession company about the toll increase system is resolved through arbitration as envisaged in the concession contract, so that the parties´ rights are protected until the dispute is settled. As reported previously, the preparatory measures have already commenced.

Madrid, 10 February 2004

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