ACS Public Tender Offer for HOCHTIEF Successful

MADRID, February 3, 2011 /PRNewswire/ --

- This announcement and the information contained herein are restricted and are not for release, publication or distribution, in whole or in part, in or into the United States or Japan.

Grupo ACS (ACS, Actividades de Construcción y Servicios, S.A.) today announced the final result of its voluntary public tender offer for HOCHTIEF. The offer had been accepted for 3.64 percent of the shares in HOCHTIEF at expiration of the withdrawal period on 1 February 2011. The completion of the offer, together with the shares otherwise held by ACS, will result in a shareholding in HOCHTIEF of 33.49 percent.

All completion conditions to the offer have been fulfilled. HOCHTIEF shareholders who have tendered their shares will receive the corresponding number of ACS shares on 4 February 2011.

More information about the public tender offer is available at http://www.acs-offer.com.

About Grupo ACS

Grupo ACS (ACS, Actividades de Construcción y Servicios, S.A.), headquartered in Madrid/Spain, is a world leader in infrastructure development. In 2009, the Group's revenues totaled EUR15,606 million. ACS has more than 146,000 employees operating in 41 countries. ACS is listed on the Madrid Stock Exchange.

Important Notice:

This announcement is neither an offer to purchase nor a solicitation of an offer to sell shares in HOCHTIEF Aktiengesellschaft (the "HOCHTIEF Shares"). Moreover, the announcement is neither an offer to purchase nor a solicitation to purchase shares in ACS, Actividades de Construcción y Servicios, S.A. (the "ACS Shares"). The public offer by ACS, Actividades de Construcción y Servicios, S.A. to the shareholders of HOCHTIEF Aktiengesellschaft was exclusively made on the basis of the terms set out in the offer document, as amended. Investors and holders of HOCHTIEF Shares are strongly recommended to read the offer document and all announcements published in connection with the public offer, since they contain important information.

Subject to certain exceptions, the public offer was not made directly or indirectly, in or into the United States, Japan or any other jurisdiction where to do so would constitute a violation of the laws of such jurisdiction, or by use of the mails or by any means or instrumentality (including without limitation, facsimile transmission, telephone and the internet) of interstate or foreign commerce, or any facility of a national securities exchange, of the United States, Japan, or any other jurisdiction where to do so would constitute a violation of the laws of such jurisdiction. Accordingly, copies of this announcement or any accompanying documents are not being, directly or indirectly, mailed or otherwise distributed, forwarded or transmitted in, into or from the United States, Japan, or any other jurisdiction where to do so would constitute a violation of the laws of such jurisdiction.

The ACS Shares have not been, and will not be, registered under the US Securities Act of 1933 or with any securities regulatory authority of any state or other jurisdiction of the United States or under the applicable securities laws of Japan. Accordingly, subject to certain exceptions, the ACS Shares may not be offered or sold within the United States or Japan or any other jurisdiction where to do so would constitute a violation of the laws of such jurisdiction, or to or for the account or benefit of any person in the United States or Japan.

To the extent permissible under applicable law or regulation, ACS and persons acting on its behalf may from time to time make certain purchases of, or arrangements to purchase, directly or indirectly, HOCHTIEF Shares or any securities that are immediately convertible into, exchangeable for, or exercisable for, HOCHTIEF Shares, other than pursuant to the public offer, before, during or after the period in which the offer remains open for acceptance. These purchases may occur either in the open market at prevailing prices or in private transactions at negotiated prices. Any information about such purchases and arrangements to purchase will be disclosed as required by law or regulation in Germany or other relevant jurisdictions.

This announcement includes forward-looking statements about ACS, HOCHTIEF and the enlarged group. By their nature, forward-looking statements involve risks and uncertainties because they relate to events and depend on circumstances that may or may not occur in the future. ACS cautions you that forward-looking statements are not guarantees of the occurrence of such future events or of future performance and that in particular the actual results of operations, financial condition and liquidity, and the development of the industry in which ACS and HOCHTIEF operate may differ materially from those made in or suggested by the forward-looking statements contained in this announcement. Any forward-looking statements speak only as at the date of this announcement. Except as required by applicable law, ACS does not undertake any obligation to update or revise publicly any forward-looking statement, whether as a result of new information, future events or otherwise.

    
    Company Contacts:

    German and international media:
    Phoebe Kebbel
    Hering Schuppener Consulting
    Phone: +49-69-921874-77
    Mobile: +49-173-2862110
    pkebbel@heringschuppener.com

    Oda von Dreising
    Hering Schuppener Consulting
    Phone: +49-69-921874-47
    Mobile: +49-(151)-15176631
    ovdreising@heringschuppener.com

    Investor Relations:

    Grupo ACS
    Avda. Pío XII, ndegrees 102
    28036 Madrid, Spain
    Tel: +34-91-343-92-00
    Fax: +34-91-343-94-56
    e-mail: infogrupoacs@grupoacs.com