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Obrascon Huarte Lain (50ML)


Friday 16 April, 2010

Obrascon Huarte Lain

Indicative Participation in E

RNS Number : 2969K
Obrascon Huarte Lain, S.A.
16 April 2010

London Stock Exchange



Madrid, April 16th 2010



Ref.: Notification of Significant Event: Indicative Participation in the Exchange Offers



Dear Sirs,



The company, OBRASCON HUARTE LAIN, S.A. (OHL), in compliance with current legislation, hereby reports the following Significant Event:


The Company announces that, in relation to the partial exchange offer announced last 8 April 2010 (the "Exchange Offer") for a maximum amount up to three hundred million euros (€300,000,000) of the notes issued in 2007 and listed on the London Stock Exchange named "EUR 700,000,000 5.00 per cent. Notes due 2012" (ISIN Code: XS0299486745) (the "Existing Notes") for new notes to be issued by the Company (the "New Notes"), as at the exchange offer deadline (3:00 p.m. CET, 15 April 2010), the indicative participation in the Exchange Offer was approximately €170,000,000 in principal amount of the Existing Notes.

The Company will announce later today its decision of acceptance, totally or partially, or not acceptance, of the orders received and, consequently, the results of the Exchange Offer, as well as the final terms and conditions of the New Securities.




Yours faithfully,




José María del Cuvillo Pemán

Vice-Secretary of the Board of Directors


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