On June 19, will be published the number of free allocation rights

needed to receive one new share

Price of the Purchase Commitment by ACS:  Approx. 1.42 gross euros per right

(On June19, will be published the final amount)

Agenda

19 June 2019: Publication, a supplement to the information document, of the number of free allocation rights required to receive a share and the final price of the Purchase Commitment.

21 June 2019: Publication of the announcement of the First Execution in the BORME. Last day in which ACS shares are traded with the right to participate in the first execution of capital increase (last trading day).

24 June 2019: Commencement of the trading period of the free allocation rights and of the term for requesting the cash remuneration (sale of rights to ACS) by virtue of the Purchase Commitment. Date from which ACS shares are traded without the right to participate in the first execution of capital increase (ex-date)

25 June 2019: Determination date by Iberclear of the positions for the allocation of free allocation rights (record date).

2 July 2019: End of the term for requesting the cash remuneration (sale of rights to ACS) by virtue of the Purchase Commitment.
 
8 July 2019: End of the trading period for the free allocation rights. Acquisition by ACS of the free allocation rights from the shareholders who have chosen to receive cash by virtue of the Purchase Commitment.

8 July 2019: ACS waives any free allocation rights which holds the end of the trading period. End of the First Execution.

10 July 2019: Cash payment to the shareholders who requested their remuneration in cash by virtue of the Purchase Commitment.

10 - 18 July 2019: Formalities for the registration of the First Execution and the Listing of the new shares on the Spanish Stock Exchanges.

19 July 2019: Date scheduled for the new shares to begin trading on the Spanish Stock Exchanges*.


*Subect to the relevant authorisations being obtained.