• Nicolás Redondo, José Maria Sagardoy and Manuel Fernando Menéndez appointed as new directors
   

The Board of Directors of FCC, which met today in Barcelona after the General Meeting of Shareholders, decided to appoint Baldomero Falcones Jaquotot as Chairman and Managing Director of the company (previously Vice-Chairman and Managing Director).

Mr Falcones, chief executive of FCC since last December, replaces the former Chairman, Rafael Montes, who will remain on the Boards of FCC, Portland Valderrivas and Realia.

Mr Montes will also chair the recently-created FCC Foundation,  which aims to promote education, culture, research, and social equality.

Decisions of the General Meeting of Shareholders

The General Meeting of Shareholders approved the following resolutions proposed by the Board of Directors:

• Appointment of Nicolás Redondo Terreros as an independent director and José María Sagardoy Llopis as a proprietary director representing Banco Popular, in its capacity as a shareholder of Inmobiliaria Colonial, and Manuel Fernando Menéndez López as a proprietary director representing La Caixa, in its capacity as a shareholder of Inmobiliaria Colonial.
• Payment of a supplementary dividend of 1.065 euro per share, the same as the interim dividend paid in January. The total dividend paid out of 2007 income is 2.13 euro per share  (4% more than last year).
• Empower the Board of Directors so that, if it sees fit, it may reduce capital by 2.5% through the amortisation of 3,264,187 own shares. The Board of Directors, which met after the Meeting, approved the immediate execution of this decision.
• Delegate to the Board of Directors the power to issue fixed-income securities, warrants and similar securities that may directly or indirectly give entitlement to exchange them for company shares, without necessarily increasing capital.
• Empower the Board of Directors to approve, if it sees fit, a remuneration plan for executives in the form of shares or stock options.