ACS
Actividades de Construcción y Servicios

Agenda for the Annual General Shareholders’ Meeting called by the Board of Directors on 22 March 2012, to be held in Madrid, at the ‘Auditorio Sur’ of IFEMA, located at Avenida del Partenón s/n, at 12 noon on 30 May 2012, at first call, and the following day, 31 May 2012, at the same time and place, at second call (The meeting will foreseeably be held at second call).

1.- Approval of the Financial Statements and Directors’ Reports (which comprise the Annual Report on Corporate Governance, pursuant to the provisions in article 538 of the Spanish Limited Liability Companies Law) for the year 2011, both for the Company and for the Consolidated Group of Companies of which ACS, Actividades de Construcción y Servicios, S.A. is the Parent Company. Distribution of profits.

2.- Acknowledgment of the Corporate Social Responsibility Report for the year 2011 and of the Report on the amendments of the Board of Directors Regulations.

3.- Annual report on director remunerations for the year 2011, which, applying the provisions in article 4 of the Board of Directors Regulations and 61.3 of the Spanish Securities Market Law, is submitted to the vote, for consultation purposes, of the Annual General Shareholders’ Meeting.

4.- Approval of the performance of the Board of Directors during the year 2011.

5.- Ratification, removal and appointment, as the case may be, of Directors.

6.- Designation of auditors of both the company and the Group.

7.- Amendment of articles 7, 12, 16, 22, 24, 25, 26, 28 and 35 of the Company Bylaws.

8.- Amendment of articles 3, 4, 5, 6, 8, 10, 11, 15, 16, 17 and 18 of the General Meeting
Regulations.

9.- Capital increase fully charged to reserves and capital reduction to amortise treasury shares.

10.- Authorisation of the derivative acquisition of treasury shares and reduction of the share capital for the purpose of amortising treasury shares.

11.- Delegation of powers for the execution and formalisation of agreements.