The Board of Directors of Fomento de Construcciones y Contratas, S.A. (FCC), at its meeting held on 22 December 2004, agreed to pay an interim dividend on 10 January 2005 against FY 2004 results in the amount of 0.680 euros per share gross, less any legally-required withholdings.

The dividend will be payable through the following banks: Banco Bilbao Vizcaya (BBVA), Banco Santander Central Hispano (BSCH), Caja de Ahorros y Monte de Piedad de Madrid (Cajamadrid), Caja de Ahorros y Pensiones de Barcelona (La Caixa) and Bancoval. To receive payment, eligible companies must present the certificate issued for this purpose by the Securities Compensation and Settlement Service to the bank.