Sacyr : 15/01/2018 Liquidity contracts and specialists

In accordance with article 228 of Royal Legislative Decree 4/2015 of 23 October, enacting the revised Securities Market Law (Ley del Mercado de Valores), and its implementingregulations, SACYR, S.A. ("Sacyr") now discloses and publiclyannounces the following:

RELEVANT INFORMATION

QUARTERLY DISCLOSURE ON LIQUIDITY CONTRACT

Regarding the Significant Event notice filed on 10 July 2017 under Liquidity Contracts record number 254401, below is a detail of the transactions made in the first quarter under the contract (i.e. from 11 October 2017 to 10 January 2018, inclusive) pursuant to Fourth Rule, of Circular 1/2017 of 26 April by the Comisión Nacional del Mercado de Valores (the Spanish National Securities Commission) on liquidity contracts.

SUMMARY

SECURITIES	AMOUNT	AVERAGE PRICE
Beginning balance	750,000	1,680,000.00
Beginning balance 2Q	1,045,100	1,066,028.56
Purchases	8,066,476	-17,619,610.23	2.1843
Sales	-8,730,057	19,100,250.49	2.1879
Current balance	381,519	2,546,668.82

DATE OF TRADE	NO.SECURITIES	BLOCK	NO.OPERATIONS	AVERAGE	NET CASH	POSITION AT
initial 1Q
11 October 2017	1,045,100
11 October 2017	62,703	112	1.9793	-124,260.93	1,107,803
11 October 2017	110,698	155	1.9922	220,324.52	1,218,501
12 October 2017	105,320	141	1.9602	-206,612.22	1,323,821
12 October 2017	79,586	141	1.9632	156,080.30	1,403,407
13 October 2017	73,138	103	1.9715	-144,333.88	1,476,545
13 October 2017	80,964	127	1.9739	159,649.49	1,557,509
16 October 2017	92,381	154	1.9635	-181,579.43	1,649,890
16 October 2017	115,430	176	1.9670	226,834.45	1,765,320
17 October 2017	53,777	27	2.0736	-111,569.03	1,819,097
17 October 2017	261,826	148	2.0939	547,927.78	2,080,923
18 October 2017	45,201	71	2.1006	-95,087.45	2,126,124
18 October 2017	176,372	322	2.1196	373,579.00	2,302,496
19 October 2017	131,816	219	2.1475	-283,377.63	2,434,312
19 October 2017	159,986	241	2.1564	344,696.72	2,594,298
20 October 2017	122,542	182	2.1546	-264,208.25	2,716,840
20 October 2017	74,205	110	2.1635	160,404.20	2,791,045
23 October 2017	109,313	154	2.1560	-235,849.73	2,900,358
23 October 2017	109,929	122	2.1596	237,240.53	3,010,287
24 October 2017	75,911	87	2.1410	-162,634.15	3,086,198
24 October 2017	107,796	102	2.1513	231,797.88	3,193,994
25 October 2017	159,520	146	2.1368	-341,010.55	3,353,514
25 October 2017	145,692	159	2.1396	311,560.54	3,499,206
26 October 2017	137,054	131	2.1395	-293,449.89	3,636,260
26 October 2017	195,929	171	2.1534	421,597.81	3,832,189
27 October 2017	155,916	135	2.1442	-334,523.82	3,988,105
27 October 2017	111,340	104	2.1621	240,567.14	4,099,445
30 October 2017	129,458	122	2.2089	-286,121.95	4,228,903
30 October 2017	138,267	110	2.2201	306,778.12	4,367,170
31 October 2017	150,867	117	2.2113	-333,784.35	4,518,037
31 October 2017	150,576	133	2.2280	335,270.24	4,668,613
01 November 2017	138,558	60	2.2442	-311,010.56	4,807,171
01 November 2017	138,558	75	2.2560	312,452.78	4,945,729
02 November 2017	152,548	151	2.2399	-341,892.03	5,098,277
02 November 2017	30,209	24	2.2602	68,228.08	5,128,486
03 November 2017	120,212	144	2.2077	-265,009.67	5,248,698
03 November 2017	31,094	31	2.2148	68,792.37	5,279,792
06 November 2017	56,073	42	2.1868	-122,699.55	5,335,865
06 November 2017	91,201	86	2.2040	200,900.93	5,427,066
07 November 2017	112,827	120	2.2032	-248,742.02	5,539,893
07 November 2017	40,378	23	2.2186	89,509.27	5,580,271
08 November 2017	149,100	140	2.1875	-326,287.96	5,729,371
08 November 2017	30,000	27	2.1964	65,857.13	5,759,371
09 November 2017	108,090	143	2.1752	-235,266.31	5,867,461
09 November 2017	110,414	139	2.1777	240,296.53	5,977,875
10 November 2017	125,935	161	2.1526	-271,272.60	6,103,810
10 November 2017	115,776	105	2.1595	250,013.56	6,219,586
13 November 2017	194,132	151	2.1090	-409,660.61	6,413,718
13 November 2017	170,642	158	2.1283	362,889.67	6,584,360
14 November 2017	229,206	107	2.0326	-466,056.81	6,813,566
14 November 2017	10,904	15	2.0683	22,524.37	6,824,470
15 November 2017	170,591	118	1.9413	-331,328.63	6,995,061
15 November 2017	34,340	33	1.9249	66,052.51	7,029,401
16 November 2017	176,148	95	1.9399	-341,759.64	7,205,549
16 November 2017	176,148	87	1.9555	344,316.34	7,381,697
17 November 2017	178,482	191	1.9276	-344,236.41	7,560,179
17 November 2017	141,051	143	1.9400	273,479.92	7,701,230
20 November 2017	120,489	109	1.9252	-232,116.92	7,821,719
20 November 2017	131,718	120	1.9359	254,853.36	7,953,437
21 November 2017	109,295	115	1.9318	-211,284.88	8,062,732
21 November 2017	117,520	141	1.9397	227,811.83	8,180,252
22 November 2017	154,759	119	1.9407	-300,491.16	8,335,011
22 November 2017	154,707	136	1.9469	301,028.12	8,489,718
23 November 2017	19,165	21	1.9765	-37,937.94	8,508,883
23 November 2017	175,503	158	1.9873	348,504.70	8,684,386
24 November 2017	217,665	235	2.0059	-436,858.00	8,902,051
24 November 2017	138,060	134	2.0200	278,721.76	9,040,111
27 November 2017	180,032	175	1.9673	-354,372.20	9,220,143
27 November 2017	103,183	177	1.9773	203,858.19	9,323,326
28 November 2017	147,961	123	1.9582	-289,929.29	9,471,287
28 November 2017	153,421	234	1.9655	301,391.51	9,624,708
29 November 2017	149,870	167	1.9699	-295,422.36	9,774,578
29 November 2017	154,136	196	1.9718	303,702.64	9,928,714
30 November 2017	58,041	79	1.9908	-115,670.29	9,986,755
30 November 2017	250,587	136	2.0037	501,922.75	10,237,342
01 December 2017	44,758	58	2.0465	-91,706.11	10,282,100
01 December 2017	299,828	227	2.0983	628,857.91	10,581,928
04 December 2017	134,371	129	2.1376	-287,359.16	10,716,299
04 December 2017	104,907	92	2.1495	225,356.23	10,821,206
05 December 2017	162,269	138	2.1259	-345,132.89	10,983,475
05 December 2017	60,724	51	2.1399	129,847.01	11,044,199
06 December 2017	73,885	83	2.0808	-153,842.02	11,118,084
06 December 2017	96,428	119	2.0895	201,375.87	11,214,512
07 December 2017	24,202	29	2.1226	-51,426.02	11,238,714
07 December 2017	293,918	292	2.1427	629,425.72	11,532,632
08 December 2017	139,802	137	2.1525	-301,118.63	11,672,434
08 December 2017	36,970	36	2.1774	80,423.00	11,709,404
11 December 2017	73,804	61	2.1429	-158,253.59	11,783,208
11 December 2017	152,334	118	2.1526	327,776.00	11,935,542
12 December 2017	52,478	43	2.1616	-113,500.32	11,988,020
12 December 2017	189,577	167	2.1725	411,671.16	12,177,597
13 December 2017	172,503	147	2.2107	-381,571.15	12,350,100
13 December 2017	154,211	124	2.2208	342,255.85	12,504,311
14 December 2017	190,971	157	2.1740	-415,364.01	12,695,282
14 December 2017	81,772	76	2.1915	179,072.52	12,777,054
15 December 2017	64,633	68	2.1551	-139,395.68	12,841,687
15 December 2017	74,422	57	2.1593	160,617.28	12,916,109
18 December 2017	138,556	103	2.1809	-302,272.35	13,054,665
18 December 2017	80,250	66	2.1904	175,706.05	13,134,915
19 December 2017	26,000	24	2.1933	-57,085.94	13,160,915
19 December 2017	273,811	317	2.2208	607,762.74	13,434,726
20 December 2017	163,269	146	2.2343	-364,999.25	13,597,995
20 December 2017	164,516	165	2.2482	369,700.33	13,762,511
21 December 2017	210,917	273	2.2792	-480,938.76	13,973,428
21 December 2017	206,005	282	2.2811	469,712.51	14,179,433
22 December 2017	186,224	226	2.2806	-424,930.45	14,365,657
22 December 2017	182,238	215	2.2850	416,162.21	14,547,895
27 December 2017	250,000	124	2.3380	584,360.95	14,797,895
28 December 2017	98,578	75	2.3763	-234,354.73	14,896,473
28 December 2017	122,247	85	2.3791	290,701.45	15,018,720
29 December 2017	196,833	182	2.3498	-462,761.14	15,215,553
29 December 2017	134,788	178	2.3574	317,552.19	15,350,341
02 January 2018	83,094	100	2.4344	-202,427.34	15,433,435
02 January 2018	177,467	191	2.4533	435,103.28	15,610,902
03 January 2018	243,121	203	2.5082	-610,136.06	15,854,023
03 January 2018	124,832	112	2.5273	315,318.90	15,978,855
04 January 2018	20,996	30	2.4983	-52,515.97	15,999,851
04 January 2018	243,040	230	2.5182	611,650.98	16,242,891
05 January 2018	227,929	170	2.5802	-588,376.55	16,470,820
05 January 2018	164,732	117	2.5862	425,843.42	16,635,552
08 January 2018	166,151	97	2.5873	-430,068.92	16,801,703
08 January 2018	200,344	145	2.5937	519,412.41	17,002,047
09 January 2018	272,800	198	2.6069	-711,479.43	17,274,847
09 January 2018	118,314	75	2.6306	311,095.52	17,393,161
10 January 2018	224,236	255	2.5448	-570,884.66	17,617,397
10 January 2018	224,236	255	2.5522	572,071.96	17,841,633

Madrid, 15 January 2018