Corporate governance

Shareholders with direct or indirect ownership of significant blocks of shares

According to the information available to Budimex SA, the shareholding structure of the Company as at 31 December 2014 was as follows:

Shareholder Type
of shares
Number
of shares
% share in the share capital Number
of votes
% share
in the number of
votes at the GMS
Valivala Holdings B.V. Amsterdam, the Netherlands — a Ferrovial SA Group (Spain) company ordinary 15 078 159 59,06% 15 078 159 59,06%
Aviva OFE Aviva BZ WBK ordinary 1 820 426 7,13% 1 820 426 7,13%
Other shareholders ordinary 8 631 513 33,81% 8 631 513 33,81%
Total   25 530 098 100,00% 25 530 098 100,00%

Holders of all securities which confer special control rights

The Company did not issue any securities that give special control rights.

Restrictions on exercising voting rights

There are no restrictions with regard to exercising voting rights.

There are no restrictions with regard to exercising voting rights.

There are no restrictions on the transfer of ownership rights to securities of Budimex SA, except for the rights concerning registered shares whose disposal requires pre-approval of the Company. Such approval has to be granted by the Management Board in writing to be valid.

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