RNS Number : 1850W

Obrascon Huarte Lain, S.A.

14 August 2020

London Stock Exchange

Madrid, August 14^th 2020

Ref.: Moody's Ratings downgrade

Dear Sirs,

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

INSIDE INFORMATION

Moody's Ratings has today downgraded the corporate family rating of OHL to Caa2 from Caa1, with negative outlook.

Yours faithfully,

José María del Cuvillo Pemán

Secretary of the Board of Directors

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