52-Week Performance Chart

From time to time, BNY may pay a rebate to brokers that deposit shares with BNY for the issuance of unsponsored depositary receipts (DRs) or global depositary notes. BNY assumes no obligation or responsibility, and expressly disclaims any liability arising out of, or relating to, such rebates, including without limitation whether the rebate or any portion of it is passed on to the beneficial holders by the brokers.
Unsponsored DRs may be issued by multiple depositary banks servicing a particular DR program. Consequently, as a result of Depository Trust & Clearing Corporation (“DTCC”) practice, the actual cash distribution fees charged may differ from the BNY fees detailed in the fee schedule as fees will be charged in accordance with the fee schedule of the depositary bank that is considered to be the “First Filer”. The fees to be charged for any particular unsponsored cash distribution will be disclosed on the event announcement published by the “First Filer”. BNY takes no responsibility for the level of fees charged by any other depositary bank. The “First Filer” is the depositary bank that filed the first Form F-6 for a program with the U.S. Securities and Exchange Commission (“SEC”). In the event the actual “First Filer” does not have DRs outstanding for a program, the next depositary bank who filed a
Form F-6 with the SEC and has DRs outstanding will be deemed to be the First Filer for these purposes.

DR Details

DR Symbol	ACSAY
CUSIP	00089H106
DR Venue	OTC
DR ISIN	US00089H1068
Ratio DR:ORD	5:1
First Filer	BK
Underlying ISIN	ES0167050915
Underlying SEDOL	B01FLQ6
Country	Spain
Effective Date	Oct 28, 2008
Depositary	BK, CIT, DB, JPMC (Unsponsored)
Industry	Construct.&Materials

ACS Actividades de Construccion y Servicios is a holding company. Through its subsidiaries, the Company is engaged in the construction activities and services. The Company's activities are divided into: Construction, which the activities of Dragados and HOCHTIEF and is aimed at carrying out all types of civil construction projects, building projects and infrastructures services; Concessions, which is focused on the development and operation of transport concessions; and Services, which includes skill development program business activity, which provides maintenance services for buildings, public places and organizations, as well as assistance to people.

Data provided by Mergent, Inc.

Fee Type in US Dollar per ADS	Deposit Agreement
Annual Depositary Service	up to $0.1000
Cancellation	up to $0.1000
Cash Distribution	up to $0.1000
Issuance	up to $0.1000
Registrar Inspection	up to $0.0000
Cash Distribution(Other)	up to $0.1000
Rights - Issuance	up to $0.1000
Stock Dividend	up to $0.1000
Transfer	up to $0.0000
Cable Fee per Cancellation	$17.5000

Monthly Trading Summary

Month	Month End DR Close Price	DR Trading Volume	Avg Day DR Trading Volume
May.25	13.11	311,625	14,839
Apr.25	12.62	387,826	18,468
Mar.25	11.42	138,316	6,586

Depositary Receipts Foreign Exchange Pricing Disclosure

ACS Activ de Construc y Servicios SA Homepage