Published on 05/23/2003

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

SIGNIFICANT INFORMATION

Ferrovial Aeropuertos, a subsidiary wholly owned by Grupo Ferrovial via Ferrovial Infraestructuras, has reached an agreement on the acquisition of 100% of Belfast City Airport Ltd., the company which has a concession to operate the airport until 2114.

Belfast airport handles over 1.9 million passengers per year and obtained 12.9 million pounds (18.15 million euros) in revenues in 2002. The price paid for this acquisition is 35 million pounds (49.3 million euros).

This acquisition strengthens Ferrovial Aeropuertos´ position in the private airport management sector, where it already has a presence in Australia (Sydney), the UK (Bristol), Mexico and Chile.

Madrid, 23 May 2003

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