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Rafael del Pino has served as our CEO (1992-2000) and as our Executive Chairman (since 2000). Within the Group, he has also been Chairman of Cintra, our Highways Business Division subsidiary (1998-2009). Other past directorships include Uralita, a Spanish construction materials company (1996-2002); Banesto, a Spanish bank owned by Banco Santander (2003-2012); and the Zurich Insurance Group, a Swiss insurance company (2012-2014). In addition to his directorship roles, Mr. del Pino is a member of the MIT Corporation, MIT Energy Initiative's External Advisory Board, and MIT Sloan European Advisory Board, as well as of the IESE Business School's International Advisory Board. He is also a member of the Royal Academy of Engineering of Spain since 2014. Mr. del Pino holds a degree in Civil Engineering from Universidad Politecnica de Madrid and an MBA from MIT Sloan School of Management.

Oscar Fanjul has served as one of our directors since 2015 and has held the position of Vice-Chairman since 2020. He also serves as a non-executive director of Cellnex, a Spanish telecommunications company (since 2023) and as its chairman (since 2024); he is also a non-executive chairman of HWK, an asset management firm specialized in technology (since 2024). He is a trustee of the Spanish branch of the Aspen Institute (since 2011) and of the Norman Foster Foundation (since 2019). Previously, Mr. Fanjul was the founding chairman and CEO of Repsol, a Spanish global integrated oil company (1985-1996). He has also served as chairman of NH Hotel Group, a Spanish multinational hotel company (1997-1999), and Hidroelectrica del Cantabrico, a Spanish electricity producer (1999-2001). He has been a director at Marsh & McLennan Companies, a U.S. professional services firm (2001-2025), and held the position of vice-chairman at Lafarge and Holcim an international construction materials companies, both prior to (2009-2015) and after (2015-2021) Lafarge and Holcim's merger in 2015. He has also been a director at Unilever (1996-2004), BBVA (1998-2002), Acerinox, a Spanish stainless steel manufacturer (2001-2016), the London Stock Exchange (2001-2013), and Areva, a French nuclear energy conglomerate (2008-2012). He was a trustee of the Center for Monetary and Financial Studies of the Bank of Spain (1999-2025). He holds a Ph.D. in economics from Universidad Complutense de Madrid and has been a visiting scholar at the Departments of Economics at Harvard University and MIT.

Jose Fernando Sanchez-Junco has served as one of our directors since 2009. Prior to this directorship, he was a director of Cintra, the subsidiary that heads our Highways Business Division (2004-2009). He is also a director at Villabuena Inversiones, S.L., a Spanish private wealth management firm, since 2007, and an honorary chairman of the Maxam Group, a Spanish technology and chemical multinational company, since 2020. Previously, Mr. Sanchez-Junco served in various roles at the Maxam Group, including as former sole administrator (1990-1994), executive chairman and chief executive officer (1994-2020), and as executive/non-executive director (1990-2021); he was also the founder and chairman of the board of trustees of the Maxam Foundation (2006-2022), a Spanish private non-profit organization. He was a member of the State Corp of Industrial Engineers (1978-1990), managing director of the iron, steel, and naval industries (1985-1988) and a managing director of industry (1988-1990) at the Spanish Ministry of Industry and Energy. He served as independent director of Alantra (2002-2012), a Spanish investment banking and asset management company, and as independent director on the board of Uralita (1993-2002). Mr. Sanchez-Junco has also been a director and honorary member of the board of trustees of the Museo de la Mineria y la Industria de Asturias (2017- 2022), an autonomous government-owned museum. He holds a degree in Industrial Engineering from Universidad Politecnica de Cataluna, Barcelona and is an International Senior Management Program graduate of the Harvard Business School.

Gonzalo Urquijo has served as one of our directors since 2019. He also serves as the chairman of the Fundacion Hesperia, a Spanish non-profit entity (since 2012); and as a member of the board of trustees of the Fundacion Princesa de Asturias (since 2006). Previously, Mr. Gonzalo Urquijo was chief executive officer of Talgo, a Spanish manufacturer of passenger trains (2021-2025) and served as member of its board until 15 January 2026; was a non-executive director of Gestamp Automocion, a Spanish automotive engineering multinational company (2017-2025); the chairman of ArcelorMittal Spain (2008-2016), the Spanish branch of Luxembourgish steel manufacturing multinational company ArcelorMittal, and Abengoa (2016-2021), a Spanish green infrastructure, energy and water multinational company; a member of the general management of ArcelorMittal (2006-2016) and head of the long products, stainless steel, tubes, and emerging markets sectors (2006-2010); the chief financial officer and head of the distribution sector of Arcelor (2002-2006), a Luxemburgish steel producer and predecessor of ArcelorMittal; and the chief financial officer of Aceralia Corporacion Siderurgica (1997-2002), a Spanish steel producer and predecessor of Arcelor. Furthermore, Mr. Urquijo was the chairman of UNESID (2002-2017), the Spanish steel companies' union and a director of Aceralia (2002-2004), Aperam (2010-2015), a Luxemburgish company steel producer and former subsidiary of ArcelorMittal, Vocento (2016-2019), a Spanish mass media group, and Atlantica Yield (2017-2019), a U.K. sustainable infrastructure company, among others. Mr. Urquijo started his professional career in the finance field, holding various positions at financial institutions Citibank and Credit Agricole (1984-1992). Mr. Urquijo holds a degree in Economic and Political Sciences from Yale University and an Executive MBA from Instituto de Empresa.

Juan Hoyos has served as one of our directors since 2019. He is also an independent board member of Inmoglaciar, a Spanish real estate developer (since 2017) and Gescobro Collection Services, a Spanish collection services company (since 2015). Previously, Mr. Hoyos served as office manager of McKinsey & Company Iberia (1997-2004) and was a member of the McKinsey & Company shareholder council worldwide (1998-2006). He also served in a variety of roles for Banco Santander, a Spanish financial institution. He was a director of Banco Santander Chile (2007-2012) and Banco Santander Mexico (2011-2012), and strategy, brand, and marketing executive vice-president of Banco Santander Brazil (2012). He has also acted as executive chairman of Haya Real Estate (2013-2020), a Spanish real estate agency services company. Mr. Hoyos holds a degree in Actuarial Sciences from Universidad Complutense de Madrid and an MBA in Finance and Accounting from Columbia Business School.

Philip Bowman has served as one of our directors since 2016. He is the non-executive chairman of Tegel Group Holdings Limited, a poultry producer and food processing company (since 2019) and Sky Network Television Limited, a New Zealand media company (since 2019). He also serves as a director at Tom Tom Holdings Inc., a private real estate investment company that owns and rents out properties in the Caribbean (since 2017) and as a non-executive director of KMD Brands Limited, a New Zealand outdoor, lifestyle and sports company (since 2017). Mr. Bowman has served as non-executive chairman of Majid Al Futtaim Properties LLC, a developer, owner and operator of shopping malls and hotels, and developer and manager of residential communities across the Middle East (2017-2024), and as a non-executive director of Majid Al Futtaim Properties LLC's immediate parent company, Majid Al Futtaim Holding LLC, (2018-2024) and its ultimate holding company, Majid al Futtaim Capital LLC (2018-2024). He was also director of Better Capital PCC Limited, a Guernsey investment company (2009-2024). Mr. Bowman has held positions as chairman of Liberty plc (1998-2000), a U.K. owner and operator of department stores and fabric designer; Coral Eurobet Limited (2004-2005), a U.K. sports betting company; Potrero Distilling Holdings LLC (2016-2018), a holding company for a U.S. beverage conglomerate; and Hotaling & Co. LLC (2018-2019), a U.S. alcoholic beverage manufacturer and importer. He served as non-executive chairman of The Munroe Group (UK) Limited (2013-2017), a U.K. house builder, general contractor, property developer and mining company; as chief executive officer of Allied Domecq plc (1998-2005), a U.K. spirits and wine producer and quick services restaurant franchisor and operator, Scottish Power plc (2006-2007), a U.K. and U.S. energy company, and Smiths Group plc (2007-2015), a U.K. engineering multinational company; and as director of British Sky Broadcasting Group plc (1994-2003), a U.K. media and telecommunications conglomerate, Coles Myer Limited (1995), an Australian retailer (where Mr. Bowman also served as chief financial officer), Bass plc (2001-2005), a U.K. brewer, pub operator, soft drinks manufacturer, property developer, hotel operator and leisure conglomerate (where Mr. Bowman also served first as chief financial officer and later as chief executive officer of Bass' taverns' division), Burberry Group plc (2002-2017), a U.K. luxury fashion group, Berry Bros. & Rudd Limited (2006-2016), a U.K. wine and spirits company, and Scottish & Newcastle Group plc (2006- 2008), a U.K. brewing company. He graduated with honors in Natural Science and holds a Master of Sciences in Natural Science from the University of Cambridge.

Maria del Pino has served as one of our directors since 2006. She is also chairperson of the Fundacion Rafael del Pino, a Spanish private non-profit organization (since 2008). Since 2008, Ms. del Pino has also been a member of the board of trustees of the Fundacion Princesa de Asturias, the honorary consultancy body of a Spanish non-profit organization. Furthermore, since 2017, Ms. del Pino has also been the chief executive officer and chairperson of Menosmares, S.L. (Menosmares), a holding company under her control. Ms. del Pino acts as legal representative of Menosmares on several boards, including: Lolland S.A., a holding company of which Menosmares is a joint director (since 2016); the board of directors of Casa Grande de Cartagena, S.A.U., a holding company of which Menosmares is rotating chairman and vice-chairman (since 2017); the board of directors of Polan S.A., a Spanish real estate company focused on the rental of office space and parking and of which Menosmares is rotating chairman and vice-chairman (since 2017); and the board of directors of Pactio Gestion, SGIIC, S.A.U., a Spanish investment management firm of which Menosmares is vice-chairman (since 2017). Previously, she was also chairperson of Altais Invest SICAV S.A. (1998-2022) and of Chart Inversiones SICAV S.A. (2022-2025), Spanish collective investment vehicles. Ms. del Pino holds a degree in Economics and Business Administration from Universidad Complutense de Madrid and in Management Development from IESE Business School.

Ignacio Madridejos has served as an executive director and as our Chief Executive Officer since September 2019. He has over 30 years' professional experience working across the United States, Europe, Latin America, and Africa. Previously, he was a project manager at Agroman (now Ferrovial Construction) (1990-1992), the subsidiary that heads our Construction Business Division; and a consultant at McKinsey & Company, a global management consulting firm, in Spain and Argentina (1993-1996). In 1996, Mr. Madridejos joined CEMEX, a global building materials company, where he served in various positions as chief executive officer for CEMEX Egypt (1999-2003) and CEMEX Spain (2003-2007); global head of energy, health and safety, and sustainability (2011-2017); and president for CEMEX Northern Europe (2008-2015) and CEMEX USA (2016-2019). He has also previously served as president of Oficemen, the Spanish Cement Association, and president of CEMBUREAU, the European Cement Association. Mr. Madridejos holds a MsC in Civil Engineering from Universidad Politecnica de Madrid and an MBA from Stanford Graduate School of Business.

Bruno Di Leo has served as one of our directors since 2018. He is a managing director and chief executive officer of Bearing North LLC, an independent advisory firm focused on business expansion and senior executive counseling in strategy and operations. He is also a non-executive director of Cummins, a U.S. engine manufacturing multinational company (since 2015), as well as a member of the IESE's International Advisory Board in Spain (since 2013) and of the Deming Center Advisory Board of Columbia Business School (since 2012). Previously, he held various executive roles at IBM Corporation, a U.S. technology multinational company, including as a general manager for IBM Latin America (2002-2004), general manager of IBM Europe (2005-2008), general manager of the growth markets unit (2008-2011), and senior vice-president of global markets (2012-2018). Mr. Di Leo has a degree in Business Administration from Universidad Ricardo Palma and a postgraduate degree from Escuela Superior de Administracion.

Hildegard Wortmann has served as one of our directors since 2021. She is also a non-executive independent director of BRP Inc -Bombardier Recreational Products- (since 2025) a Canadian company. Previously, Ms. Wortmann was a member of the extended executive committee (2022-2024) and a member of the board of management for sales (2022) of Volkswagen Group, a German automotive manufacturer multinational company; and a member of the board of management of Audi AG, a German automotive manufacturer multinational company (2019-2024). She also served as a nonexecutive director of Volkswagen Financial Services AG (2021-2024); a non-executive director of each of Porsche Holding GmbH, a German holding multinational company within the Volkswagen Group, Porsche Austria GmbH, the Austrian branch of automotive manufacturer Porsche, and Porsche Retail GmbH (each from 2020-2024); and a non-executive director of the supervisory board of CARIAD SE (2022-2023), a German automotive software company and subsidiary of Volkswagen Group. Ms. Wortmann has also worked in various management positions at BMW Group (1998-2019), a German automotive manufacturer multinational company, including as a senior vice president for product management (2010-2017), a senior vice president for the brand (2016-2017), and a chief executive officer for the Asia-Pacific region (2018-2019). She also held various management positions at Unilever in Germany and London (1990-1998). Ms. Wortmann holds a degree in Business Administration from Fachhochschule Munster and an MBA from the University of London.

Hanne Sorensen has served as one of our directors since 2017. Ms. Sorensen also serves as a director of Tata Consulting Services, an Indian-based information technology services and consulting company (since 2018); Jaguar Land Rover Automotive Plc., a U.K. holding company for the Jaguar Land Rover Group, a U.K. automobile manufacturing multinational company (since 2018); and its subsidiaries Jaguar Land Rover Limited (since 2019) and Jaguar Land Rover Holdings (since 2023). She was a director of Holcim Ltd, a Swiss construction materials manufacturer multinational company (2013-2025) and its vice-chair (2022-2025); and a director at Tata Motors, an Indian automotive manufacturing company (2018-2025). She also was the interim chief executive officer of V Group Limited (2017), a U.K. ship management company. She was also chief executive officer for Damco (2014-2016), a Dutch-based international logistics company, and of Maersk Tankers (2012-2013), a Danish tanker services company, part of the Maersk Group. She also served as a chief commercial officer (2008-2012); East Mediterranean regional manager (2006-2008); SAP program director (2002-2006); regional chief financial officer for the far east region (2001-2002); chief financial officer for India (1999-2001); finance manager for Italy (1997-1999); and business auditor (1994-1997) at Maersk Line, a Danish international integrated logistics company. Ms. Sorensen was chairman of ITOPF (2013), a U.K. non-profit organization, vice-chairman of Hoegh Autoliners (2012-2013), a Norwegian provider of ocean transportation services; nonexecutive director of Sulzer (2018-2023), a Swiss-based international company specialized in pumps, rotating equipment and chemtech; and a director of Axcel (2010-2013), a Danish private equity firm, INTTRA (2010-2012), a U.S. technology provider to the maritime industry, Jaguar Land Rover Holdings Limited (2019-2022), Jaguar Land Rover North America Holdings LLC (2021-2022), Jaguar Land Rover China (2021-2022), and Delhivery (2017-2021), an Indian courier service provider company. Ms. Sorensen holds a Master of Sciences in Economics and Management from the University of Aarhus.

Luke Bugeja has served as the Chief Executive Officer of Ferrovial Airports, the subsidiary that heads our Airports Business Division, since 2021. He has also served as a non-executive director of FGP Topco and Heathrow Airports Holdings (since 2021); non-executive chairman of NTO and YDA Turkey, the concession company managing Dalaman Airport (since 2022). Previously, he was the independent chairman and director of Interflour Group, a Singaporean grain producer (2019-2025), and a non-executive director of Eurostar International Limited (2020-2021), a railway company operating the Eurostar train services. Mr. Bugeja has spent most of his career in the aviation industry, focusing on airport infrastructure with operational, commercial, and financial experience in airlines, airports, and investment management. He worked at Australian airlines Qantas Airways (1989-2000) and Virgin Blue (2000-2005) and has held senior positions, including as chief operating officer, at Changi Airports International in Singapore (2018-2019) and non-executive director roles at the London City Airport in the U.K. (2016-2018), Brussels Airport in Belgium (2008-2018), and Bristol Airport in the U.K. (2005-2018). Mr. Bugeja also held senior executive positions at Macquarie Bank Limited / MAp Airports (2005-2011), an Australian airport operator, and at Ontario Airport Investments (2011-2018), a U.K. airport operator owned by the Ontario Teachers' Pension Plan. Most recently, Mr. Bugeja was a senior advisor for OMERS Infrastructure (2019-2020), the infrastructure investment advisory branch of OMERS, the pension plan for municipal employees in the province of Ontario and was an operating partner at Hermes GPE (2020-2021), a U.K. equity partnership investment entity. He holds a Diploma in Business Travel and Tourism from William Angliss College and an MBA from Deakin University.

Ignacio Gaston has served as the Chief Executive Officer of Ferrovial Construction, the subsidiary that heads our Construction Business Division, since 2018. He is also a Supervisory Board director of Budimex, our Polish construction subsidiary (since 2018). He joined Ferrovial in 1995 and has since held various high-level positions in the Construction Business Division and the Services Business Division. In 2003, Mr. Gaston joined Amey as development director for rail and in 2007 he went on to take the position of construction director at Ferrovial Construction U.K. In 2013, Mr. Gaston was appointed managing director at Ferrovial Services Spain (2013-2018). He has also served as chairman of the Board of our former affiliate Car Sharing Mobility Services (2017-2018) and chief executive officer of Compania Espanola de Servicios Publicos Auxiliares (Cespa) (2013-2016). Mr. Gaston holds a masters degree in Civil Engineering from Universidad de Cantabria and an MBA from the London Business School.

Andres Sacristan has served as the Chief Executive Officer of Cintra since 2021. Mr. Sacristan began his career with Cintra in 2001, holding several positions in the car parks division, including head of development (2005-2007), before moving on to the Highways division, where he served as head of operations at Eurolink M4 in Ireland (2007-2009) and as managing director of Radial 4 in Madrid (2009-2010). In 2010, he was appointed country manager for Spain and as a member of Cintra's Executive Committee. In 2013, he became head of Europe, and in 2015 he took charge of the Australian and Colombian markets. He was appointed director and chief executive officer of Canadian concession companies 407 International Inc. (director between 2017 to present; chief executive officer between 2017-2020), Canadian Tolling Company International Inc (2017-2020), and 407 ETR Concession Company Limited (2017-2020). In 2020, Mr. Sacristan took over the management of Cintra's United States branch and became director of our U.S. highways concession companies I-66 Express Mobility Partner Holdings LLC (since 2020); I-77 Mobility Partners Holding LLC (since 2020); LBJ Infrastructure Group Holding LLC (since 2020), NTE Mobility Partners Holding LLC and NTE Mobility Partners Segments 3 Holding LLC (since 2020; he also served as president of each between 2021-2022). Mr. Sacristan holds a Master of Sciences in Civil Engineering from Universidad Politecnica de Madrid.

Ernesto Lopez Mozo has served as the Chief Financial Officer of Ferrovial since 2009. Mr. Lopez Mozo is also the chairman of the board of directors (since 2023) and member of the audit and control committee (since 2018), of Aegon Espana, S.A., the Spanish branch of Dutch insurance group Aegon. He previously served as a board member of Heathrow Airports Holdings (2009-2024). He has held various management positions at Telefonica Group (1999-2009), a Spanish telecommunications multinational company; JP Morgan (1994-1999), a U.S. financial entity; and Banco Santander (1992-1994). He was also a member of the IFRS Advisory Council (2013-2015), the formal strategic advisory board to the IFRS Foundation, the IASB and the International Sustainability Standards Board (ISSB). Mr. Lopez Mozo holds a MsC in Civil Engineering from Universidad Politecnica de Madrid and an MBA from The Wharton School of the University of Pennsylvania.