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Obrascon Huarte Lain (50ML)


Thursday 10 December, 2009

Obrascon Huarte Lain

Notification in relation to E

RNS Number : 9576D
Obrascon Huarte Lain, S.A.
10 December 2009

London Stock Exchange

MadridDecember 10th 2009

Ref.: Notification of Significant Event

Dear Sirs,

The company, OBRASCON HUARTE LAIN, S.A. (OHL), in compliance with the provisions of article 82 of Act 24/1988, of July 28thof the Securities Market (Ley del Mercado de Valores) by means of this document hereby reports the following Significant Event:

In compliance with chapter 5.2.2 of the Securities Note that forms part of the prospectus in relation to the capital increase of Obrascón Huarte Lain, S.A., approved and registered in the official registries of the National Securities Market Commission on November the 26th of 2009 (the "prospectus"), Espacio Activos Financieros, S.L.U. ("EAF") has notified to the Company that it has agreed with Banco Español de Crédito, S.A. ("Banesto") and with Caja de Ahorros y Monte de Piedad de Madrid ("Caja Madrid") the renewal for a period of one year of the contracts of equity swap subscribed by EAF with Banesto and Caja Madrid, as described on chapter 18.1 of the registration document that forms part of the prospectus, from its maturity dates (December 29th of 2009 and December 15th of 2009, respectively).

Likewise, EAF has informed to the Company that Banesto and Caja Madrid have exercised the preferential subscription rights corresponding to the underlying of the mentioned equity swap contracts. Consequently, Banesto and Caja Madrid have fully subscribed and purchased within the Preferential Subscription Period a total of 840.000 new shares representing, approximately, 5.054% of the total capital increase.

Yours faithfully, 

José María del Cuvillo Pemán

Vice-Secretary of the Board of Directors

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