Obrascon Huarte Lain S.A.

M&A Activity • Oct 22, 2019

National Storage Mechanism | Additional information

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RNS Number : 7403Q

Obrascon Huarte Lain, S.A.

22 October 2019

London Stock Exchange

Madrid, October 22nd 2019

Ref.: Notification of Significant Event: Conversations with Amodio family

Dear Sirs,

The company, OBRASCON HUARTE LAIN, S.A. (OHL), in compliance with current legislation, hereby reports the following:

SIGNIFICANT EVENT

In relation to the news published in the press today, OHL informs that Grupo Villar Mir S.A. (GVM) and the Company are under conversations with Amodio family to execute a possible transaction (the Transaction) which involves an entry in the capital structure of OHL of the Amodio, as support of the Company business plan through the subscription of a capital increase by Amodio, not exceeding the 20% of the present capital, with exclusion of pre-emptive subscription rights, linked with  the sale by GVM of part of its stake in the interest of the Company and its stakeholders. The capital increase, must be submitted for approval by the General Shareholders Meeting.

The Transaction does not imply the acquisition of a controlling stake by the Amodio family, which, under any circumstances, will reach 30% of the voting rights of OHL.

To date there is no binding agreement.

Yours faithfully,

José María del Cuvillo Pemán

Secretary of the Board of Directors

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