Corporate Governance - Shareholders holding, directly or indirectly, large blocks of sharesCorporate Governance - Shareholders holding, directly or indirectly, large blocks of shares

APARTMENTS NIEMCEWICZA IN WARSAW
Corporate Governance - Shareholders holding, directly or indirectly, large blocks of shares

Shareholders

Shareholders holding, directly or indirectly, large blocks of shares

According to the information available to Budimex SA, the shareholding structure of the Company as at 31 December 2015 was as follows:

Shareholder Type of shares Number of shares % share in the share capital Number of votes % in the number of votes at GSM
Valivala Holdings B.V. Amsterdam (Netherlands) — Company of Ferrovial SA Group (Spain) ordinary 15 078 159 59,06% 15 078 159 59,06%
Aviva OFE Aviva BZ WBK ordinary 1 280 000 5,01% 1 280 000 5,01%
Other shareholders ordinary 9 171 939 35,93% 9 171 939 35,93%
Total   25 530 098 100,00% 25 530 098 100,00%

Holders of securities conferring special control rights

The Company did not issue securities conferring special control rights.

Restrictions as to the exercise of voting rights

There are no restrictions with regard to the exercise of voting rights.

Restrictions on the transfer of ownership rights to securities of Budimex SA

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 approval of the Company. Such approval has to be granted by the Management Board in writing, otherwise null and void.

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