Inside Information Notice. Backstop election

OBRASCÓN HUARTE LAIN, S.A. (“OHL” or the “Company”), pursuant to article 226 of the consolidated text of the Securities Market Act approved by Royal Legislative Decree 4/2015, of 23 October, hereby notifies the Spanish National Securities Market Commission (Comisión Nacional del Mercado de Valores) (“CNMV”) the following

INSIDE INFORMATION NOTICE

In connection with the communications dated 21 January 2021 and 5 February 2021 (the “Announcements”), the Company informs that, as of the Early Accession Deadline, Noteholders representing over 93% by value of the outstanding principal amount of the Senior Notes have acceded to the Lock-up Agreement. In addition, the Company informs that Noteholders representing over 75% by value of the outstanding principal amount of the Senior Notes (excluding those held by the Backstop Providers) have elected to be treated as Option 1 Noteholders. In this context, the Backstop Providers have duly exercised their right to take up the full allocation of Option 2 Scheme Entitlements.

Accordingly, the Company informs those Noteholders (other than the Backstop Providers) that have elected to be treated as an Option 2 Noteholder (which represent less than 2.5% by value of the outstanding principal amount of the Senior Notes) that they have 5 business days from the date of the Backstop Provider Election Notice (9 February 2021) in which to terminate the Lock-Up Agreement in respect of that Noteholder only. Any such Noteholders that do not exercise this right, will automatically be treated as an Option 1 Noteholder.

Capitalised terms used in this announcement have the same meaning ascribed to them in the Announcement.

Madrid, 10 February 2021