Ferrovial SE

In addition to shares acquired under our periodic share buy-back and amortization of shares program, on August 23,

2024, the Board resolved on the implementation of andwe announced a repurchase program of our shares to be used

in the context of different corporate actions (such as, for instance, satisfaction of obligations under employee share-

based incentives plans, placement of shares in the market, or cancellation of the repurchased shares),with a maximum

net investment of EUR 300,000,000 and maximum share acquisition of 30,000,000 ordinary shares of the Company

(representing approximately 4.1% of the Company’s share capital as of that date), in a form and manner consistent

with Dutch law and Dutch market practice, applicable U.S. federal securities laws and the terms of the authorization of

the 2024 General Meeting. The program was authorized for the period from August 26, 2024 up to, and including,

February 28, 2025, subject to earlier termination if the maximum net investment or maximum share acquisition are

reached, or in any other advisable circumstances.

On December 13, 2024, we announced an extension of the duration of the August 2024 repurchase program to May

30, 2025 (inclusive), and an increase of the maximum investment amount by EUR 300,000,000, bringing the total

maximum amount of investment to EUR 600,000,000. Under this share repurchase program, we may from time-to-

time enter into agreements with one or more financial institutions to facilitate our share repurchases. During 2024, we

acquired a total of 7,169,540 ordinary shares under the August 2024 share repurchase program. We may extend its

duration in view of the prevailing circumstances and in the interest of the Company and its stakeholders.