Ferrovial SE

This Annual Report contains forward-looking statements within the meaning of the safe harbor provisions of the U.S.

Private Securities Litigation Reform Act of 1995. We intend such forward-looking statements to be covered by the

safe harbor provisions for forward-looking statements contained in Section 27A of the U.S. Securities Act of 1933, as

amended (the “Securities Act”), and Section 21E of the U.S. Securities Exchange Act of 1934, as amended (the

“Exchange Act”). All statements other than statements of historical facts contained in this Annual Report, including

statements regarding our future results of operations, financial condition, the sufficiency of our sources of liquidity and

available working capital, business strategy and plans and objectives of management for future operations, plans,

expectations and estimations related to expenditures and divestitures, expectations surrounding future dividends,

repurchases and other distributions, are forward-looking statements.

In some cases, you can identify forward-looking statements because they contain words such as “aim” “anticipate,”

“believe,” “contemplate,” “continue,” “could,” “estimate,” “expect,” “evolve” “forecast,” “goal,” “intend,” “may,”

“objective,” “outlook,” “plan,” “potential,” “predict,” “probability,” “project,” “pursue” “risk,” “seek” “should,”

“target,” “trends,” “will,” or “would,” or the negative of these words or other similar terms or expressions.

We have based these forward-looking statements largely on our current expectations and projections about future

events and trends that we believe may affect our financial condition, results of operations, business strategy and

financial needs. These forward-looking statements are neither promises nor guarantees, but are subject to a number of

known and unknown risks, uncertainties, other factors and assumptions that could cause our actual results,

performance or achievements to be materially different from any future results, performance, achievements

expectations or projections expressed or implied by the forward-looking statements, including the risks described in

“Item 3. Key Information—D. Risk Factors” and elsewhere in this Annual Report. Furthermore, new risks may

emerge from time to time and it is not possible for our management to predict all risks, nor can we assess the impact of

all factors on our business or the extent to which any factor, or combination of factors, may cause actual results to

differ materially from those contained in, or implied by, any forward-looking statements.

You should not rely on forward-looking statements as predictions of future events. We undertake no obligation to

update any forward-looking statements made in this Annual Report to reflect events or circumstances after the date of

this Annual Report or to reflect new information or the occurrence of unanticipated events, except as required by law.

We may not actually achieve the plans, intentions or expectations disclosed in our forward-looking statements, and

you should not place undue reliance on our forward-looking statements. Our forward-looking statements do not reflect

the potential impact of any future acquisitions, mergers, dispositions, joint ventures or investments.

In addition, statements that “we believe” and similar statements reflect our beliefs and opinions on the relevant

subject. These statements are based on information available to us as of the date of this Annual Report. While we

believe that information provides a reasonable basis for these statements, that information may be limited or

incomplete. Our statements should not be read to indicate that we have conducted an exhaustive inquiry into, or review

of, all relevant information. These statements are inherently uncertain, and investors are cautioned not to unduly rely

on these statements.

Additionally, we may provide information herein or on our website, or documents accessible thereby, that is not

necessarily “material” under the federal securities laws for Securities and Exchange Commission (“SEC” or the

“Commission”) reporting purposes, but that is informed by various environmental, social, and governance (“ESG”)

standards and frameworks (including standards for the measurement of underlying data), and the interests of various

investors and other interested parties, among other things. Much of this information is subject to assumptions,

estimates or third-party information that are still evolving and subject to change. For example, our disclosures based

on any standards may change due to revisions in framework requirements, availability or quality of information,

changes in our business or applicable government policies, or other factors, some of which may be beyond our control.

You should read this Annual Report and the documents that we reference in this Annual Report and have filed as

exhibits to the Annual Report of which this Annual Report is a part with the understanding that our actual future

results, levels of activity, performance and achievements may be different from what we expect. We qualify all of our

forward-looking statements by these cautionary statements.

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