Risk occurrence in 2007

In 2007, there were no risks other than those caused by the normal conduct of Grupo Ferrovial's various activities, which did not have significant adverse effects on the Company.

In fact, when there has been a situation in which a risk could materialize, the prevention, information and control mechanisms were found to work efffectively, as did the crisis management procedures, and the Company therefore believes that its risk management systems and resources have worked satisfactorily.