Published on 07/10/2006

Madrid, 10 July 2006. Airport Development and Investment Limited (ADI) is the company majority-owned by Ferrovial Infraestructuras, S.A. which was incorporated to make the offers to acquire all of the capital issued and to be issued by BAA plc (BAA) and all the bonds that are convertible into shares of BAA (the “Offers”).

ADI announced today, via the London Stock Exchange Regulatory Information System, that, among other matters, it and BAA intend to commence the proceedings necessary to delist the shares and convertible bonds of BAA in accordance with the applicable regulations, which will significantly reduce the liquidity of both securities; accordingly, it recommends that any holders of shares or convertible bonds of BAA who have not accepted the Recommended Final Offers should do so as soon as possible. On 11 July 2006, an announcement in this connection will be published in the UK edition of the Financial Times, from which date there will be a delisting period of 20 business days, and delisting is expected to be effective on or around 15 August 2006.

Attached as an Annex to this communiqué is the original communiqué by ADI in English.