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<SEC-DOCUMENT>0000950144-06-003523.txt : 20060414
<SEC-HEADER>0000950144-06-003523.hdr.sgml : 20060414
<ACCEPTANCE-DATETIME>20060414142419
ACCESSION NUMBER:		0000950144-06-003523
CONFORMED SUBMISSION TYPE:	DEF 14A
PUBLIC DOCUMENT COUNT:		4
CONFORMED PERIOD OF REPORT:	20060518
FILED AS OF DATE:		20060414
DATE AS OF CHANGE:		20060414
EFFECTIVENESS DATE:		20060414

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			MASTEC INC
		CENTRAL INDEX KEY:			0000015615
		STANDARD INDUSTRIAL CLASSIFICATION:	WATER, SEWER, PIPELINE, COMM AND POWER LINE CONSTRUCTION [1623]
		IRS NUMBER:				650829355
		STATE OF INCORPORATION:			FL
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		DEF 14A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-08106
		FILM NUMBER:		06760361

	BUSINESS ADDRESS:	
		STREET 1:		800 DOUGLAS ROAD
		STREET 2:		12TH FLOOR
		CITY:			CORAL GABLES
		STATE:			FL
		ZIP:			33134
		BUSINESS PHONE:		3055991800

	MAIL ADDRESS:	
		STREET 1:		800 DOUGLAS ROAD
		STREET 2:		12TH FLOOR
		CITY:			CORAL GABLES
		STATE:			FL
		ZIP:			33134

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	BURNUP & SIMS INC
		DATE OF NAME CHANGE:	19920703
</SEC-HEADER>
<DOCUMENT>
<TYPE>DEF 14A
<SEQUENCE>1
<FILENAME>g00841def14a.htm
<DESCRIPTION>MASTEC, INC.
<TEXT>
<HTML>
<HEAD>
<TITLE>MasTec, Inc.</TITLE>
</HEAD>
<BODY bgcolor="#FFFFFF">
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<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>
<DIV style="font-family: Helvetica,Arial,sans-serif">

<DIV align="center" style="font-size: 12pt; margin-top: 1pt"><B>UNITED
STATES<BR>
SECURITIES AND EXCHANGE COMMISSION<BR>
Washington, D.C. 20549</B>
</DIV>

<DIV align="center" style="font-size: 14pt; margin-top: 12pt"><B>SCHEDULE
14A</B>
</DIV>


<DIV align="center" style="font-size: 12pt; margin-top: 12pt">Proxy
Statement Pursuant to Section 14(a) of the Securities<BR>
Exchange Act of 1934 (Amendment
No.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;)
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Filed by the Registrant <FONT style="font-family: Wingdings">&#120;</FONT><BR>
Filed by a Party other than the Registrant <FONT style="font-family: Wingdings">&#168;</FONT><BR>
Check the appropriate box:

</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="3%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="94%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><FONT style="font-family: Wingdings">&#168;</FONT>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Preliminary Proxy Statement</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><FONT style="font-family: Wingdings">&#168;</FONT>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Confidential, for Use of the Commission Only (as permitted by Rule&nbsp;14a-6(e)(2))</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><FONT style="font-family: Wingdings">&#120;</FONT>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Definitive Proxy Statement</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><FONT style="font-family: Wingdings">&#168;</FONT>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Definitive Additional Materials</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><FONT style="font-family: Wingdings">&#168;</FONT>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Soliciting Material Pursuant to Rule&nbsp;14a-11(c) or Rule&nbsp;14a-12</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV align="center" style="font-size: 24pt; margin-top: 12pt"><B>MASTEC, INC.</B>
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><I>(Name of Registrant as Specified in Its Charter)</I>
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt">N/A
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><I>(Name of Person(s) Filing Proxy Statement, if other than the Registrant)</I>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Payment of Filing Fee (check the appropriate box):

</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="3%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="94%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><FONT style="font-family: Wingdings">&#120;</FONT>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">No fee required</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><FONT style="font-family: Wingdings">&#168;</FONT>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Fee computed on table below per Exchange Act Rules&nbsp;14a-6(i)(1) and 0-11.</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">1)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Title of each class of securities to which transaction applies:</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">2)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Aggregate number of securities to which transaction applies:</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">3)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Per unit price of other underlying value of transaction computed pursuant to Exchange
Act Rule&nbsp;0-11 (Set forth the amount on which the filing fee is calculated and state
how it was determined):</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">4)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Proposed maximum aggregate value of transaction:</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">5)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Total fee paid:</TD>
</TR>

</TABLE>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 3%"><FONT style="font-family: Wingdings">&#168;</FONT> Fee paid previously with preliminary materials.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 3%"><FONT style="font-family: Wingdings">&#168;</FONT> Check box if any part of the fee is offset as provided by Exchange Act Rule
0-11(a)(2) and identify the filing for which the offsetting fee was paid previously.
Identify the previous filing by registration statement number, or the Form or Schedule and
the date of its filing:
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">1)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Amount Previously Paid:</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">2)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Form, Schedule or Registration Statement No.:</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">3)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Filing Party:</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">4)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Date Filed:</TD>
</TR>

</TABLE>
</DIV>
<P align="center" style="font-size: 10pt">&nbsp;
</DIV>

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<DIV style="font-family: Helvetica,Arial,sans-serif">


<P align="left"><B><IMG SRC="g00841g0084101.gif"></B>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">MasTec, Inc.<BR>
800 S. Douglas Road, 12<SUP style="font-size: 85%; vertical-align: text-top">th</SUP> Floor<BR>
Coral Gables, Florida 33134<BR>
(305)&nbsp;599-1800

</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>NOTICE OF 2006 ANNUAL MEETING OF SHAREHOLDERS</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">To our shareholders:
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The 2006 Annual Meeting of Shareholders of MasTec, Inc. will be held on Thursday, May&nbsp;18, 2006
at 9:30 a.m., local time, at the Douglas Entrance Annex Building, 3rd Floor Archroom, located at
800 S. Douglas Road, Coral Gables, Florida 33134. At the Annual Meeting, shareholders will be
asked to vote on the following proposals:
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">1.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The election of Ernst N. Csiszar to serve as a Class&nbsp;I director to serve until the 2008
Annual Meeting of Shareholders; and the election of Carlos M. de Cespedes, Austin J.
Shanfelter and John Van Heuvelen as Class&nbsp;II directors to serve until the 2009 Annual Meeting
of Shareholders; and</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">2.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Such other business as may properly be brought before the Annual Meeting, and at any
adjournments or postponements of the Annual Meeting.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The election proposal is discussed more fully in the Proxy Statement accompanying this notice.
Shareholders of record at the close of business on April&nbsp;5, 2006 are entitled to notice of and to
vote at the Annual Meeting and at any adjournments or postponements of the Annual Meeting.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">All shareholders are cordially invited to attend the Annual Meeting in person. However, to ensure
that your shares are represented at the meeting in case you are not personally present, you are
requested to mark, sign, date, and return the enclosed proxy card as promptly as possible in the
envelope provided. Return of the proxy card will not prevent you from voting in person at the
meeting should you decide to do so. As an alternative, all shareholders are encouraged to vote by
telephone or online and enroll for electronic delivery of future proxy and other materials. Please
go to <U>www.mastec.com</U> under Investor Relations or follow the instructions accompanying your
proxy card for more information and enrollment.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt">By Order of the Board of Directors,
</DIV>


<P align="left"><B><IMG SRC="g00841g0084102.gif"></B>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Austin J. Shanfelter, President and Chief Executive Officer<BR>
Coral Gables, Florida<BR>
April&nbsp;14, 2006

</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>We urge each shareholder to promptly sign and return the enclosed proxy card or to use
telephone or Internet voting as described in the proxy statement.</B>
</DIV>

<P align="center" style="font-size: 10pt">&nbsp;
</DIV>

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<DIV style="font-family: Helvetica,Arial,sans-serif">

<P align="left"><B><IMG SRC="g00841g0084101.gif"></B>
<DIV align="right" style="font-size: 10pt; margin-top: 12pt">April&nbsp;14, 2006
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>PROXY STATEMENT</B>
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>2006 ANNUAL MEETING OF SHAREHOLDERS OF MASTEC, INC.</B>
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>QUESTIONS AND ANSWERS ABOUT OUR ANNUAL MEETING</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Why did I receive this proxy?</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The Board of Directors of MasTec, Inc. is furnishing this Proxy Statement to solicit proxies on its
behalf to be voted at the 2006 Annual Meeting of Shareholders of MasTec to be held at Douglas
Entrance Annex Building, 3rd Floor Archroom, 800 S. Douglas Road, Coral Gables, Florida 33134, on
Thursday, May&nbsp;18, 2006, at 9:30 a.m. local time. This Proxy Statement summarizes the information
you need to know to vote by proxy or in person at the Annual Meeting. You do not need to attend
the Annual Meeting in person in order to vote.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>When was this proxy statement mailed?</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">This Proxy Statement, the enclosed proxy card and the Form 10-K containing the financial statements
for the year ended December&nbsp;31, 2005 are first being mailed or transmitted electronically on or
about April&nbsp;14, 2006 to shareholders of record at the close of business on April&nbsp;5, 2006.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Who is entitled to vote?</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Only holders of record of shares of our common stock at the close of business on April&nbsp;5, 2006, the
record date, are entitled to notice of and to vote at the Annual Meeting or any adjournment or
postponement of the meeting. On the record date, 64,563,868 shares of common stock were
outstanding and eligible to be voted at the Annual Meeting and there 2,045 record shareholders.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>What is the quorum for the meeting?</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The presence, in person or by proxy, of a majority of the shares of common stock entitled to vote
is necessary to constitute a quorum at the Annual Meeting. No business may be conducted at the
Annual Meeting if a quorum is not present. If less than a majority of outstanding shares entitled
to vote are represented at the Annual Meeting, a majority of the shares so represented may adjourn
the Annual Meeting to another date, time or place. Notice need not be given of the new date, time
or place if announced at the meeting before an adjournment is taken.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>How many votes do I have?</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The securities that can be voted at the Annual Meeting are our common stock, with each share
entitling its owner to one vote on all matters brought before the Annual Meeting.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>How do I vote?</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">If you are not present in person at the Annual Meeting, your shares can be voted only if
represented by proxy or if you vote telephonically or online. The shares represented by your proxy
will be voted in accordance with your instructions only if you properly complete, sign and return
the accompanying proxy card to our Secretary prior to the Annual Meeting or vote your ballot
telephonically or online.
</DIV>

<P align="center" style="font-size: 10pt">-1-
</DIV>

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<DIV style="font-family: Helvetica,Arial,sans-serif">

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Shareholders are eligible to vote electronically through the Internet or by telephone. Please go to
<U>www.mastec.com</U> under Investor Relations or follow the instructions accompanying your proxy
card for more information on voting by telephone or online and registering to receive future proxy
and other materials online.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Shareholders not wishing to vote telephonically or electronically through the Internet or whose
proxy card does not reference telephone or online voting information should complete and return the
enclosed paper proxy card. Signing and returning the proxy card or submitting the proxy via
telephone or online does not affect the right to vote in person at the Annual Meeting. For voting
your shares held by a broker and/or held in a 401(K) Retirement Plan, see below.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>How do I vote my shares that are held by my broker?</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">If you hold shares of our common stock in street name and wish to vote in person at the meeting,
you must present a recent proxy validating your ownership of the shares of common stock you intend
to vote from your bank, broker or other nominee that holds as of the record date your shares of
common stock. You will also need proof of identity for entrance to the meeting.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>How do I vote my shares that are held in my 401(K) Retirement Plan?</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Separate proxy cards are being transmitted to all persons who have shares of our common stock
allocated to their accounts as participants or beneficiaries under the MasTec, Inc. 401(k)
Retirement Plan (the &#147;401(k) Plan&#148;). These proxy cards appoint Investors Bank &#038; Trust, which acts
as Trustee for the 401(k) Plan, to vote the shares held for the accounts of the participants or
their beneficiaries in the 401(k) Plan in accordance with the instructions noted thereon. In the
event no proxy card is received from a participant or beneficiary or a proxy card is received
without instructions, or in the event shares are not yet allocated to any participant&#146;s account,
the Trustee will vote the shares of stock of the participant and any unallocated shares &#147;FOR&#148; the
four nominees for director. The Trustee does not know of any other business to be brought before
the Annual Meeting but it is intended that, if any other matters properly come before the Annual
Meeting, the Trustee as proxy will vote upon such matters according to its judgment.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Any 401(k) Plan participant or beneficiary who executes and delivers a proxy card may revoke it at
any time prior to its use by executing and delivering a duly executed proxy card bearing a later
date or by giving written notice to ADP Investor Communication Services, Plan Tabular, at the
following address: ADP Investor Communication Services, Attention: Tabulation Department, 51
Mercedes Way, Edgewood, NY 11717. Under the terms of the 401(k) Plan, the Trustee is required to
vote the shares held for the accounts of the participants or their beneficiaries in the 401(k) Plan
in accordance with the instructions noted thereon, and only the Trustee of the 401(k) Plan can vote
the shares allocated to the accounts of participants, even if such participants or their
beneficiaries attend the Annual Meeting in person.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>What am I voting on?</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">At the Annual Meeting, our shareholders will be asked to vote on the following proposals:
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The election of one director to serve as a Class&nbsp;I Director until the 2008 Annual
Meeting of Shareholders and the election of three directors to serve as Class&nbsp;II Directors
until the 2009 Annual Meeting of Shareholders; and</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Such other business as may properly be brought before the Annual Meeting, and at any
adjournments or postponements of the Annual Meeting.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>What vote is required to elect directors at the Annual Meeting?</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">If a quorum is present, directors will be elected pursuant to the affirmative vote of a plurality
of the shares of common stock voting in person or represented by proxy at the Annual Meeting, which
means that the four nominees who receive the most affirmative votes will be elected to the Board of
Directors. In voting to elect nominees to the Board of Directors, shareholders may vote in favor of
all the nominees or any individual nominee or withhold their votes as to all the nominees or any
individual nominee.
</DIV>

<P align="center" style="font-size: 10pt">-2-
</DIV>

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<DIV style="font-family: Helvetica,Arial,sans-serif">

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">As of April&nbsp;5, 2006 (the record date for the Annual Meeting), our directors and executive officers
beneficially owned or controlled approximately 24,341,387 shares of our common stock (3,353,433
of which are shares beneficially owned through options exercisable within 60&nbsp;days), constituting
approximately 35.84% of the outstanding common stock. We believe that these holders will vote their
shares of common stock in favor of the nominees for directors. Therefore, the presence of a quorum
and the election of the director nominees are reasonably assured.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>How are abstentions and broker non-votes treated?</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Pursuant to Florida law, abstentions and broker non-votes are counted as present for purposes of
determining the presence of a quorum. For purposes of the election of directors, abstentions will
not be counted as votes cast and will have no effect on the result of the vote. Under the rules of
the New York Stock Exchange, brokerage firms may have the authority to vote their customers&#146; shares
on certain routine matters for which they do not receive voting instructions, including the
uncontested election of directors. Therefore, brokerage firms may vote such shares to approve the
election of the director nominees.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Will there be any other items of business on the agenda?</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The Board of Directors does not know of any other matters that may be brought before the Annual
Meeting nor does it foresee or have reason to believe that proxy holders will have to vote for
substitute or alternate nominees for election to the Board of Directors. In the event that any
other matter should come before the Annual Meeting or any nominee is not available for election,
the persons named in the enclosed proxy will have discretionary authority to vote all proxies not
marked to the contrary with respect to such matters in accordance with recommendation of the Board
of Directors.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>What happens if I return my proxy card without voting?</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">When the proxy is properly executed and returned, the shares it represents will be voted at the
Annual Meeting in accordance with your directions. If the signed card is returned with no
direction, <B>the proxy will be voted to elect the director nominees listed in &#147;Proposal No.&nbsp;1 -
Election of Directors&#148; </B>and in accordance with the recommendation of the Board of Directors on all
other matters that may properly come before the Annual Meeting.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Can I change my vote after I have voted?</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">A proxy given pursuant to this solicitation may be revoked at any time prior to its exercise by:
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>written notice delivered to our Corporate Secretary at MasTec, Inc., 800 S. Douglas
Road, 12<SUP style="font-size: 85%; vertical-align: text-top">th</SUP> Floor, Coral Gables, Florida 33134,</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>executing and delivering to our Corporate Secretary a proxy with a later date,</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>attending the Annual Meeting and voting in person, or</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>submitting a telephonic or electronic vote with a later date.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">With respect to telephonic or electronic votes, the last vote transmitted will be the vote counted.
Attendance at the Annual Meeting will not, in itself, constitute revocation of a proxy.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Will anyone contact me regarding this vote?</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">No arrangements or contracts have been made with any solicitors as of the date of this Proxy
Statement, although we reserve the right to engage solicitors if we deem them necessary. Such
solicitations may be made by mail, telephone, facsimile, e-mail or personal interviews. In
addition, we reserve the right to solicit proxies through our directors, officers and employees in
person and by telephone or facsimile.
</DIV>

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</DIV>

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<DIV style="font-family: Helvetica,Arial,sans-serif">

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Brokerage firms, nominees, custodians and fiduciaries also may be requested to forward proxy
materials to the beneficial owners of shares held as of the record date by them.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Who has paid for this proxy solicitation?</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">All expenses incurred in connection with the solicitation of proxies, including the printing and
mailing of this Proxy Statement, will be borne by MasTec.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>How do I obtain a list of MasTec&#146;s shareholders?</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">A list of MasTec&#146;s shareholders as of April&nbsp;5, 2006, the record date for the Annual Meeting, will
be available for inspection at our corporate headquarters located at 800 S. Douglas Road,
12<SUP style="font-size: 85%; vertical-align: text-top">th</SUP> Floor, Coral Gables, Florida, 33134 during normal business hours during the 10-day
period prior to the Annual Meeting.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>How do I submit a proposal for the 2007 Annual Meeting?</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Under our bylaws, MasTec must receive any proposal of an eligible shareholder intended to be
presented at the 2007 Annual Meeting of Shareholders of MasTec, including any nomination proposal,
on or before January&nbsp;18, 2007, for the proposal to be eligible for inclusion in our Proxy Statement
and Proxy related to that meeting. Any notice regarding a shareholder proposal must include the
information specified in Article&nbsp;I, Section&nbsp;9 of our bylaws. If a shareholder fails to comply with
Article&nbsp;I, Section&nbsp;9 of our bylaws or notifies MasTec after January&nbsp;18, 2007 of an intent to
present a proposal at MasTec&#146;s 2007 Annual Meeting of Shareholders, the proposal will not be
considered. A copy of our bylaw requirements will be provided upon written request to: MasTec Legal
Department, 800 S. Douglas Road, 12<SUP style="font-size: 85%; vertical-align: text-top">th</SUP> Floor, Coral Gables, Florida, 33134.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>Since more than one shareholder lives at this address, why did we only receive one set of proxy
materials?</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Unless contrary instructions are received, MasTec may send a single copy of the Annual Report,
Proxy Statement and Notice of Annual Meeting to any household at which two or more shareholders
reside if MasTec believes the shareholders are members of the same family. Each shareholder in the
household will continue to receive a separate proxy card. This process is known as &#147;householding&#148;
and helps reduce the volume of duplicate information received at a single household, which reduces
costs and expenses borne by MasTec.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">If you would like to receive a separate set of MasTec&#146;s annual disclosure documents this year or in
future years, follow the instructions described below. Similarly, if you share an address with
another shareholder and the two of you would like to receive only a single set of our annual
disclosure documents, follow the instructions below:
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">1.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>If your shares are registered in your own name, please contact our transfer agent,
American Stock Transfer &#038; Trust Company, and inform them of your request by calling them at
1(800) 937-5449 or by writing to them at American Stock Transfer &#038; Trust Company, 59 Maiden
Lane, Plaza Level, New York, New York, 10038.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">2.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>If a bank, broker or other nominee holds your shares, please contact your bank, broker
or other nominee directly.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>PROPOSAL NO. 1</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>ELECTION OF DIRECTORS</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The Board of Directors has nominated Ernst N. Csiszar to stand for election as a Class&nbsp;I director
at the Annual Meeting, to hold office until the 2008 Annual Meeting and until his successor is
elected and qualified and each of Carlos M. de Cespedes, Austin J. Shanfelter and John Van Heuvelen
to stand for election as Class&nbsp;II directors at the Annual Meeting, to hold office until the 2009
Annual Meeting and until
</DIV>

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<DIV style="font-family: Helvetica,Arial,sans-serif">
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">their respective successors are elected and qualified. All of the director nominees are incumbent
directors except for Mr.&nbsp;Csiszar who was selected by the Board of Directors on October&nbsp;10, 2005 to
fill a newly created board seat on MasTec&#146;s Board of Directors for a term ending on the date of the
Annual Meeting. The Board of Directors currently is composed of ten directors elected in three
classes, with four Class&nbsp;I, three Class&nbsp;II, and three Class&nbsp;III directors. Directors in each class
hold office for three-year terms, except for Mr.&nbsp;Csiszar, who if elected at the Annual Meeting,
will only hold office for a two-year term. The terms of the classes are staggered so that the term
of only one class terminates each year. The terms of the current Class&nbsp;II directors expire at the
Annual Meeting. If elected, the nominees for Class&nbsp;II directors will serve until the 2009 Annual
Meeting of Shareholders. The terms of the Class&nbsp;III directors expire at the 2007 Annual Meeting of
Shareholders and the terms of the Class&nbsp;I directors expire at the 2008 Annual Meeting of
Shareholders.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Additional background information regarding the nominees for election is provided below. MasTec has
no reason to believe that any of these nominees will refuse or be unable to serve as a director if
elected; however, if any of the nominees is unable to serve, each proxy that does not direct
otherwise will be voted for a substitute nominee designated by the Board of Directors.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>The Board of Directors recommends that you vote FOR each of the nominees named above. Unless
otherwise indicated, the accompanying form of proxy will be voted FOR the election of each of the
nominees for election as a Class&nbsp;I or Class&nbsp;II director named above.</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Information as to Nominees and Other Directors</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><I>Nominee for Class&nbsp;I Director</I>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><I>Ernst N. Csiszar, </I>55, joined our Board of Directors in October&nbsp;2005. Since October&nbsp;2004, Mr.
Csiszar has been President and Chief Executive Officer of the Property Casualty Insurers
Association of America, the property and casualty insurance industry&#146;s principal trade association.
Mr.&nbsp;Csiszar was the Director of Insurance for the State of South Carolina from February&nbsp;1999 to
August&nbsp;2004 and also served as president of the National Association of Insurance Commissioners.
Mr.&nbsp;Csiszar also served as the president and chief executive officer of Seibels Bruce Group, Inc.
of Columbia, S.C. from 1995 to 1998. Previously, he was a visiting professor at the School of
Business at the University of South Carolina and served as managing co-director of the European
investment banking firm, Holborn Holdings Corporation, in Geneva, Switzerland. Mr.&nbsp;Csiszar earned
a Bachelor of Arts degree in 1971 and a Bachelor of Laws degree in 1974 from the University of
Windsor in Ontario, Canada.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><I>Nominees for Class&nbsp;II Directors</I>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><I>Carlos M. de Cespedes, </I>56<I>, </I>joined our Board of Directors in September&nbsp;2004. Mr. de Cespedes is
Chairman and Chief Executive Officer of Pharmed Group Holdings of Miami. In 1980, Mr. de Cespedes
co-founded Pharmed with his brother, Jorge, and it has grown under their leadership to be the
largest minority-owned distributor of medical, surgical, and rehabilitative supplies in the United
States. Mr. de Cespedes has been actively involved in numerous charitable and community
organizations, including the Board of Directors for Florida International University. Mr. de
Cespedes currently serves as commissioner of the White House Fellowship and as a board member for
Students in Free Enterprise (SIFE).
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><I>Austin J. Shanfelter, </I>48, has been our Chief Executive Officer and President and a member of our
Board of Directors since August&nbsp;2001. From February&nbsp;2000 until August&nbsp;2001, Mr.&nbsp;Shanfelter was our
Chief Operating Officer. Prior to being named Chief Operating Officer, he served as President of
one of our service operations from January&nbsp;1997. Mr.&nbsp;Shanfelter also served as acting Chief
Accounting Officer in connection with the filing of our Annual Report on Form 10-K for the year
ended December&nbsp;31, 2003. Mr.&nbsp;Shanfelter has been in the telecommunications infrastructure industry
since 1981. Mr.&nbsp;Shanfelter has been a member of the Board of Directors of the Power and
Communications Contractors Association (PCCA), an industry trade group since 1990, and is presently
serving as President of the Association through February&nbsp;2007. Since 1982, Mr.&nbsp;Shanfelter has also
been a member of the Society of Cable Television Engineers and was inducted into the Cable TV
Pioneers in 2003. He is an active alumnus of Lock Haven University and serves on the Touching
Tomorrow Today Committee.
</DIV>

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<DIV style="font-family: Helvetica,Arial,sans-serif">

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><I>John Van Heuvelen, </I>59, has been a member of our Board of Directors since June&nbsp;2002. Mr.&nbsp;Van
Heuvelen spent 13&nbsp;years with Morgan Stanley and Dean Witter Reynolds in various executive positions
in the mutual fund, unit investment trust and municipal bond divisions before serving as president
of Morgan Stanley Dean Witter Trust Company from 1993 until 1999. Since 1999, Mr.&nbsp;Van Heuvelen has
been a private equity investor based in Denver, Colorado. His investment activities have included
private telecom and technology firms, where he still remains active. Mr.&nbsp;Van Heuvelen is a director
of Lifeline Therapeutics, Inc.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><I>Class&nbsp;I Directors</I>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><I>Jorge Mas</I>, 43, has been Chairman of our Board of Directors since January&nbsp;1998 and a director since
March&nbsp;1994. From March&nbsp;1994 to October&nbsp;1999, Mr.&nbsp;Mas was our Chief Executive Officer. Mr.&nbsp;Mas has
been Chairman of the Board of the Cuban American National Foundation, Inc., a not-for-profit
corporation, since July&nbsp;1999. Mr.&nbsp;Mas is the brother of Jose R. Mas.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><I>Jose R. Mas</I>, 34, has been a member of our Board of Directors since August&nbsp;2001. Mr.&nbsp;Mas has been
our Vice Chairman and Executive Vice President &#151; Business Development since August&nbsp;2001. Mr.&nbsp;Mas
has served in a number of capacities at the operating level with us since 1991, most recently as
President of one of our service offerings from May&nbsp;1999 to August&nbsp;2001. Mr.&nbsp;Mas is the brother of
Jorge Mas, MasTec&#146;s Chairman of the Board.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><I>Julia L. Johnson, </I>43, has been a member of our Board of Directors since February&nbsp;2002. Ms.&nbsp;Johnson
is President and Founder of NetCommunications, LLC, a strategy consulting firm specializing in the
energy, telecommunications and information technology public policy arenas, since 2000; and was
formerly Sr. Vice President-Communications &#038; Marketing for Military Commercial Technologies, Inc.
(MILCOM). Ms.&nbsp;Johnson served as Commission Chairman (1997-1999) and Commissioner (1992-1997) for
the Florida Public Service Commission. Ms.&nbsp;Johnson serves on the boards of directors of Allegheny
Energy Inc. (NYSE: AYE), an electric utility holding company and NorthWestern Corporation (NASDAQ:
NWEC), an electric and natural gas utility.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><I>Class&nbsp;III Directors</I>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><I>Robert J. Dwyer, </I>62, joined our Board of Directors in October&nbsp;2004. Mr.&nbsp;Dwyer retired in 1999.
Prior to 1999, Mr.&nbsp;Dwyer spent 17&nbsp;years with Morgan Stanley and Dean Witter Reynolds in various
executive positions. Mr.&nbsp;Dwyer currently is an advisor to Morgan Stanley and Co. and is a private
equity investor. He currently serves as a director of the Bank of New York Ivy Multi-Strategy Hedge
Fund where he serves on the Audit Committee. Mr.&nbsp;Dwyer has numerous charitable and civic interests.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><I>Frank E. Jaumot, </I>49, joined our Board of Directors in September&nbsp;2004. Mr.&nbsp;Jaumot has been the
Director of Accounting and Auditing for the certified public accounting firm of Ahearn, Jasco and
Company, P.A since 1991. From 1979 to 1991, Mr.&nbsp;Jaumot was associated with Deloitte and Touche.
Mr.&nbsp;Jaumot is a certified public accountant in Florida and Ohio and is a member of the American
Institute of Certified Public Accountants and the Florida Institute of Certified Public
Accountants. He also is a member of the Board of Directors for Junior Achievement of South Florida,
Inc.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><I>Jose S. Sorzano, </I>65, has been a member of our Board of Directors since October&nbsp;1994. Mr.&nbsp;Sorzano
has been Chairman of The Austin Group, Inc., an international corporate consulting firm, since
1989, a former director of Ultra Scan Corp., a privately held biometric company, and a former
director for CIPE, the Center for International Private Enterprise. Mr.&nbsp;Sorzano was also Special
Assistant to President Reagan for National Security Affairs from 1987 to 1988; Associate Professor
of Government, Georgetown University, from 1969 to 1987; and Ambassador and U.S. Deputy
Representative to the United Nations from 1981 to 1985.
</DIV>

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<DIV style="font-family: Helvetica,Arial,sans-serif">

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>OTHER INFORMATION REGARDING THE BOARD OF DIRECTORS</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B><I>Board and Committee Meetings</I></B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The Board of Directors conducts its business through meetings of the full Board and through
committees of the Board, including the Executive Committee, the Audit Committee, the Compensation
Committee, the Nominating and Corporate Governance Committee and the Independent Committee. The
Board and its committees also act by written consent. During 2005, the Board of Directors met on
five occasions. During 2005, each of the current directors attended at least 90% of the Board
meetings and the meetings of each committee on which such director serves.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The Executive Committee is composed of Jorge Mas, who serves as Chairman, Julia L. Johnson, Austin
J. Shanfelter and John Van Heuvelen. The principal function of the Executive Committee is to act
for the Board of Directors when action is required between full Board meetings. During 2005, the
Executive Committee met on two occasions.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The Audit Committee is composed of John Van Heuvelen, who is currently serving as its Chairman,
Ernst N. Csiszar and Frank E. Jaumot. Julia L. Johnson served on the Audit Committee until November
21, 2005. The Board of Directors, in the exercise of its reasonable business judgment, has
determined that (i)&nbsp;John Van Heuvelen and Frank E. Jaumot qualify as &#147;audit committee financial
expert(s),&#148; (ii)&nbsp;each member of the Audit Committee is financially literate, and (iii)&nbsp;each member
of the Audit Committee is independent, under applicable New York Stock Exchange and SEC rules and
regulations. The Audit Committee assists the Board of Directors in overseeing MasTec&#146;s financial
reporting and legal and regulatory compliance program. The Audit Committee also is required to
approve all audit and non-audit services provided by our independent registered public accounting
firm, including the scope of and fees paid to our independent registered public accounting firm.
MasTec&#146;s Board of Directors has adopted a charter that sets forth the responsibilities of the Audit
Committee. A copy of the Audit Committee Charter, which was amended as of March&nbsp;2006, is attached
hereto as Appendix&nbsp;A to this proxy statement. During 2005, the Audit Committee met on eighteen
occasions. Please refer to the section entitled &#147;Audit Committee and Audit Related Information&#148; for
further information regarding the Audit Committee.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The Compensation Committee is composed of Jose S. Sorzano, who currently serves as Chairman, Carlos
M. de Cespedes, Robert J. Dwyer and John Van Heuvelen, all of whom the Board of Directors, in the
exercise of its reasonable business judgment, has determined to be independent, under applicable
New York Stock Exchange and SEC rules and regulations. The
Compensation Committee is charged with
discharging the Board of Director&#146;s responsibilities relating to compensation and evaluation of
MasTec&#146;s executive officers, including establishing compensation policies and philosophies for
MasTec and its executive officers and reviewing and approving corporate goals and objectives
relevant to MasTec&#146;s Chief Executive Officer&#146;s compensation, as well as overseeing MasTec&#146;s
incentive compensation plans and equity-based plans that are subject to Board approval. MasTec&#146;s
Board of Directors has adopted a charter that sets forth the responsibilities of the Compensation
Committee. During 2005, the Compensation Committee met on six occasions. Please refer to the
section entitled &#147;Compensation Committee Report on Executive Compensation&#148; for further information
regarding the Compensation Committee.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The Nominating and Corporate Governance Committee is composed of Julia L. Johnson, who serves as
Chairman, Ernst N. Csiszar, Carlos M. de Cespedes, and Jose S. Sorzano, all of whom the Board of
Directors, in the exercise of its reasonable business judgment, has determined to be independent,
under applicable New York Stock Exchange and SEC rules and regulations. The Nominating and
Corporate Governance Committee is responsible for developing qualifications for members of the
Board of Directors, recommending to the Board of Directors candidates for election to the Board of
Directors and evaluating the effectiveness and performance of the Board of Directors. The
Nominating and Corporate Governance Committee also develops, implements and monitors MasTec&#146;s
corporate governance principles and its code of business conduct and ethics; monitors and
safeguards the Board&#146;s independence; and annually undertakes performance evaluations of the Board
committees and the full Board of Directors. MasTec&#146;s Board of Directors has adopted a charter that
sets forth the responsibilities of the Nominating and Corporate Governance Committee. During 2005,
the Nominating and Corporate Governance Committee met on three occasions.
</DIV>

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<DIV style="font-family: Helvetica,Arial,sans-serif">

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The Nominating and Corporate Governance Committee has no specific minimum qualifications for
director candidates. In general, however, persons considered for membership on the Board must have
demonstrated leadership capabilities, be of sound mind and high moral character and be willing and
able to commit the necessary time for Board and committee service. In evaluating potential
candidates for service on the Board of Directors, the Nominating and Corporate Governance Committee
will consider, consistent with its charter, the candidate&#146;s ability to satisfy the New York Stock
Exchange&#146;s and SEC&#146;s independence requirements and the candidate&#146;s ability to contribute to the
effective oversight and management of MasTec, taking into account the needs of MasTec and such
factors as the individual&#146;s experience, perspective, skills and knowledge of the industry in which
MasTec operates; and such other factors as the Nominating and Corporate Governance Committee may,
in its discretion, deem important to successful service as a director. In 2005, the Nominating and
Corporate Governance Committee retained a third-party search firm to assist it in identifying and
evaluating director candidates.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The Nominating and Corporate Governance Committee will consider candidates recommended by the
shareholders pursuant to written applications submitted to us at 800 S. Douglas Road,
12<SUP style="font-size: 85%; vertical-align: text-top">th</SUP> Floor, Coral Gables, Florida 33134; Attention: Corporate Secretary, not less than
120 calendar days prior to the first anniversary of the date that our proxy statement is released
to shareholders in connection with the preceding year&#146;s annual meeting of shareholders, except that
if no annual meeting of shareholders was held in the preceding year or if the date of the annual
meeting of shareholders has been changed by more than 30 calendar days from the date contemplated
at the time of the preceding year&#146;s proxy statement, the notice must be received by our Corporate
Secretary not less than 150 calendar days prior to the date of the contemplated annual meeting or
the date that is 10 calendar days after the date of the first public announcement or other
notification to shareholders of the date of the contemplated annual meeting, whichever first
occurs. Shareholder proposals for nominees should include biographical and other related
information regarding the proposed nominee sufficient to comply with applicable disclosure rules
and a statement from the shareholder as to the qualifications and willingness of the candidate to
serve on our Board of Directors. No recommended nominees were received by the Nominating and
Corporate Governance Committee from any shareholder or group of shareholders who beneficially own
five percent or more of our common stock for the previous year&#146;s annual meeting.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The Independent Committee is composed of Frank E. Jaumot and Robert J. Dwyer each of whom the Board
of Directors, in the exercise of its reasonable business judgment, has determined to be
independent, under applicable New York Stock Exchange and SEC rules and regulations. This committee
was established by the Board of Directors in 2004 and the Executive Committee appointed Mr.&nbsp;Jaumot
and Mr.&nbsp;Dwyer to the committee in 2005. The committee was established to investigate allegations
made in a derivative action brought against MasTec; several of its former and current directors
including, directors Jorge Mas, Jose R. Mas, Julia L. Johnson, Jose S. Sorzano, John Van Heuvelen
and Arthur B. Laffer; and several of its former and current executive officers, including, Austin
J. Shanfelter, MasTec&#146;s President and Chief Executive Officer and Donald Weinstein, MasTec&#146;s former
Chief Financial Officer. The derivative action claims that the Board of Directors is obligated to
bring an action against corporate officers based on allegations contained in a related shareholder
action. The committee is charged with the responsibility of determining whether it is in MasTec&#146;s
best interests to pursue an action or actions based on the allegations. During 2005, the
Independent Committee met on one occasion.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">In addition to the copy of our Audit Committee charter contained in Appendix&nbsp;A to this proxy
statement, the full text of our current Audit Committee, Compensation Committee and Nominating and
Corporate Governance Committee charters, as well as, our Corporate Governance Guidelines are
available on MasTec&#146;s website located at <U>www.mastec.com</U> and are available in print to any
shareholder who requests it at MasTec, Inc., Legal Department, 800 S. Douglas Road, 12<SUP style="font-size: 85%; vertical-align: text-top">th</SUP>
Floor, Coral Gables, Florida 33134.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B><I>Independent Directors</I></B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The Board of Directors, in the exercise of its reasonable business judgment, has determined that a
majority of our directors qualify as independent directors pursuant to the New York Stock Exchange
and SEC rules and regulations. In making the determination of independence, the Board considered
that no independent director has a material relationship with MasTec, either directly or as a
partner or shareholder of an organization that has a relationship with MasTec or (ii)&nbsp;any other
relationships that, in
</DIV>

<P align="center" style="font-size: 10pt">-8-
</DIV>

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<DIV style="font-family: Helvetica,Arial,sans-serif">
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">the Board&#146;s judgment, would interfere with the director&#146;s independence. Our independent directors
are Ernst N. Csiszar, Carlos M. de Cespedes, Robert J. Dwyer, Frank E. Jaumot, Julia L. Johnson,
Jose S. Sorzano, and John Van Heuvelen. In 2005, the independent directors met on three occasions
in executive sessions without management. The independent directors have selected John Van
Heuvelen as the presiding director to preside over all executive sessions of the independent
directors.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B><I>Other Corporate Governance Matters</I></B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Interested parties who want to communicate with the presiding or with the independent directors as
a group, or a shareholder who wants to communicate with the Board, individual Board members or a
board committee should address their communications to the Board, the Board members or the Board
committee, as the case may be, and send them to c/o Corporate Secretary, MasTec, Inc., 800 S.
Douglas Road, 12<SUP style="font-size: 85%; vertical-align: text-top">th</SUP> Floor, Coral Gables, Florida 33134. The Corporate Secretary will
forward all such communications directly to such Board members.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">MasTec does not have a policy requiring our directors to attend the Annual Meeting. Five of our
then-current directors attended our 2005 Annual Meeting of Shareholders.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">MasTec has adopted a Code of Business Conduct and Ethics that applies to all of our directors,
officers and employees which include additional criteria that are applicable to our Chief Executive
Officer and senior financial officers. The full text of the Code of Business Conduct and Ethics is
available on MasTec&#146;s website at <U>www.mastec.com</U>. We intend to provide amendments or waivers
to our Code of Business Conduct and Ethics, on our website, within four business days of such
amendment or waiver.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B><I>Compensation of Directors</I></B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Each of the independent directors is paid an annual retainer of $30,000. In addition, the Audit
Committee Chairperson is paid $15,000 per year and each other audit committee member is paid
$10,000 per year for service. The Compensation Committee Chairperson and the Nominating and
Governance Committee Chairperson are paid $5,000 per year and each of the other members of these
committees is paid $4,000 per year for service. All other committee members and chairpersons who
are independent directors<U> </U>receive $1,000 per year. In addition, directors are reimbursed
for their reasonable expenses incurred in order to attend Board and committee meetings. All cash
compensation is paid on a quarterly basis.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Option and restricted stock awards granted to our independent directors are governed by our Amended
and Restated 2003 Stock Incentive Plan for Non-Employees. Each independent director receives a
formula grant of options to purchase 20,000 shares of our common stock and a formula grant of
restricted stock with a value equal to $50,000 upon initial appointment or election and upon each
re-election to the Board and options to purchase 7,500 shares of our common stock following each
Annual Meeting of Shareholders for continued service during the elected term. All formula options
expire ten years from the date of grant and vest annually over three years commencing on the first
anniversary of the grant date. The formula restricted stock grants vest 33% immediately, 33% on the
first anniversary of the grant date and 34% on the second anniversary of the grant date and upon
issuance, the recipient has immediate rights of ownership in all of the shares of restricted stock,
including the right to vote the shares and the right to receive dividends. All formula options are
granted at an exercise price equal to, and formula restricted stock grants are based on, the fair
market value of MasTec&#146;s common stock based on the closing price of our common stock on the New
York Stock Exchange on the date of grant. In addition to the formula grants, the Compensation
Committee, which administers the Amended and Restated 2003 Stock Incentive Plan for Non-Employees,
may also make discretionary grants of stock options and restricted stock awards to non-employee
directors (as discussed below, discretionary grants with different vesting schedules from the
formula grants were granted to certain directors in February&nbsp;2005).
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Pursuant to the Amended and Restated 2003 Stock Incentive Plan for Non-Employees, Messrs. de
Cespedes, Dwyer, Jaumot, Sorzano, and Van Heuvelen each received a formula grant of options to
purchase 7,500 shares of our common stock in June&nbsp;2005 for continued service on our Board, Ms.
Johnson received a formula grant of options to purchase 20,000 shares of our common stock in June
2005 for her re-election to our Board and Mr.&nbsp;Csiszar received a formula grant of 4,841 shares of
our
</DIV>

<P align="center" style="font-size: 10pt">-9-
</DIV>

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<DIV style="font-family: Helvetica,Arial,sans-serif">
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">restricted stock and options to purchase 20,000 shares of our common stock for his initial
appointment to our Board in 2005. Due to an administrative oversight, Ms.&nbsp;Johnson did not receive
the restricted stock grant she was entitled to receive upon re-election to the Board in 2005.
Accordingly, in April&nbsp;2006, our Compensation Committee awarded Ms.&nbsp;Johnson a make-up grant of 6,151
shares of restricted stock (the equivalent of a $50,000 restricted stock grant on the date of the
2005 annual meeting), 33% of which vested immediately, 33% of which will vest on May&nbsp;26, 2006 and
34% of which will vest on May&nbsp;26, 2007.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">In addition, in February&nbsp;2005, our Compensation Committee approved a one time discretionary grant
of restricted stock with a value of $50,000 to each independent director in order to compensate the
independent directors for the increased time demands and responsibilities of Board membership.
Pursuant to the terms of the discretionary grant, Ms.&nbsp;Johnson and Messrs.&nbsp;Sorzano and Van Heuvelen
each received 9,941 shares of restricted stock with an effective date of July&nbsp;2004 and Messrs. de
Cespedes, Dwyer and Jaumot received 9,901, 8474, and 9,728 shares of restricted stock,
respectively, each with an effective date based on the dates such director was initially appointed
to the Board (September&nbsp;2004 in the case of Messrs. de Cespedes and Jaumot and October&nbsp;2004 in the
case of Mr.&nbsp;Dwyer). The discretionary restricted stock grants vest in their entirety on the third
anniversary of their respective effective date.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Effective January&nbsp;1, 2006, we adopted a Deferred Fee Plan. Under the terms of the Deferred Fee
Plan, directors may elect to defer the receipt of cash and stock fees for their services as
directors. Each director may elect the type and percentage of fees to be deferred. Deferred cash
fees may be directed to a deferred cash account or a deferred stock account (or both). Deferred
stock fees may only be directed to a deferred stock account. Elections to defer fees remain in
force, unless amended or revoked within the required time periods. The deferred cash account will
be credited with interest on the cash balance at the end of each calendar quarter. The interest
rate is equal to the rate of interest payable by us on our revolving credit facility, as determined
as of the first day of each calendar quarter. The deferred stock account will be credited with
stock dividends (or with cash dividends that are converted to deferred stock credits pursuant to
the plan.) Distribution of a director&#146;s cash and stock accounts will begin on January&nbsp;15 of the
year following the directors&#146; termination of all services with us or, in the case of a change of
control (as defined in the Deferred Fee Plan), in a lump sum as soon as practicable following such
change of control. Distributions from the deferred cash account will be made in cash and
distributions from the deferred stock account will be made in shares of MasTec&#146;s common stock.
Distributions will either be made in a lump-sum payment or in up to five consecutive installments
as elected by the director.
</DIV>

<P align="center" style="font-size: 10pt">-10-
</DIV>

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<DIV style="font-family: Helvetica,Arial,sans-serif">

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>SECURITY OWNERSHIP</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B><I>Principal Shareholders</I></B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The following table provides information concerning the beneficial ownership of our common stock,
as of April&nbsp;5, 2006, by:
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>each shareholder who is known to beneficially own more than 5% of the outstanding shares
of our common stock,</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>each of our current directors and nominees for director;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>each of our named executive officers and</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>all of our directors and named executive officers as a group.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Beneficial ownership is determined in accordance with the rules of the SEC. Except as indicated by
footnote and subject to community property laws where applicable, to our knowledge the persons
named in the table below have sole voting and investment power with respect to all shares of common
stock shown as beneficially owned by them. In computing the number of shares beneficially owned by
a person and the percentage ownership of that person, shares of common stock subject to options and
warrants held by that person that are exercisable as of April&nbsp;5, 2006 or that will become
exercisable within 60&nbsp;days thereafter are deemed outstanding for purposes of that person&#146;s
percentage ownership but not deemed outstanding for purposes of computing the percentage ownership
of any other person. Unless otherwise indicated, the mailing address of each individual is c/o
MasTec, Inc., 800 S. Douglas Road, 12th Floor, Coral Gables, Florida 33134. The following
information is based upon information provided to us or filed with the Commission by the
shareholders.
</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="62%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="10%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="10%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="7" style="border-bottom: 1px solid #000000"><B>Common Stock Beneficially Owned</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Percentage of</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Number of</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Common Stock</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="left" style="border-bottom: 1px solid #000000"><B>Name</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3" style="border-bottom: 1px solid #000000"><B>Shares</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3" style="border-bottom: 1px solid #000000"><B>Outstanding</B></TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Jorge Mas</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">19,919,096</TD>
    <TD nowrap>(1)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">30.28</TD>
    <TD nowrap>%</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px"><I>Chairman of the Board</I></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Jose R. Mas</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">2,527,389</TD>
    <TD nowrap>(2)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">3.89</TD>
    <TD nowrap>%</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px"><I>Vice Chairman of the Board and<br></I></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px"><I>Executive Vice President</I></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Ernst N. Csiszar</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">4,841</TD>
    <TD nowrap>(3)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">*</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px"><I>Director</I></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Carlos M. de Cespedes</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">18,976</TD>
    <TD nowrap>(3)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">*</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px"><I>Director</I></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Robert J. Dwyer</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">17,549</TD>
    <TD nowrap>(3)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">*</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px"><I>Director</I></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Frank E. Jaumot</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">18,803</TD>
    <TD nowrap>(3)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">*</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px"><I>Director</I></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Julia L. Johnson</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">108,345</TD>
    <TD nowrap>(3)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">*</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px"><I>Director</I></DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD nowrap>(4)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Jose S. Sorzano</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">183,519</TD>
    <TD nowrap>(3)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">*</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px"><I>Director</I></DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD nowrap>(4)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">John Van Heuvelen</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">109,891</TD>
    <TD nowrap>(3)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">*</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px"><I>Director</I></DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD nowrap>(4)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Austin J. Shanfelter</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">1,197,278</TD>
    <TD nowrap>(4)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">1.82</TD>
    <TD nowrap>%</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px"><I>Director, President and Chief<br></I></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px"><I>Executive Officer</I></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="center" style="font-size: 10pt">-11-
</DIV>

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<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="62%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="10%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="10%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="7" style="border-bottom: 1px solid #000000"><B>Common Stock Beneficially Owned</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Percentage of</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Number of</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Common Stock</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="left" style="border-bottom: 1px solid #000000"><B>Name</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3" style="border-bottom: 1px solid #000000"><B>Shares</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3" style="border-bottom: 1px solid #000000"><B>Outstanding</B></TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">C. Robert Campbell</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">58,500</TD>
    <TD nowrap>(3)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">*</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:45px; text-indent:-15px"><I>Executive Vice President and</I></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap>(4)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:45px; text-indent:-15px"><I>Chief Financial Officer</I></DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD nowrap>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Michael G. Nearing</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">62,200</TD>
    <TD nowrap>(3)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">*</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px"><I>Former Executive Vice</I></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap>(4)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px"><I>President and General Counsel</I></DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD nowrap>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Gregory Floerke</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">115,000</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">*</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px"><I>Former Chief Operations Officer</I></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">FMR Corp.</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">2,812,990</TD>
    <TD nowrap>(5)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">5.721</TD>
    <TD nowrap>%</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">All current executive officers and
directors as a group (13 persons)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">24,341,387</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">35.84</TD>
    <TD nowrap>%</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>



<DIV align="left">
<DIV style="font-size: 3pt; margin-top: 16pt; width: 18%; border-top: 1px solid #000000">&nbsp;</DIV>
</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR>
    <TD width="3%"></TD>
    <TD width="1%"></TD>
    <TD width="96"></TD>
</TR>

<TR valign="top">
    <TD nowrap align="left">*</TD>
    <TD>&nbsp;</TD>
    <TD>Less than 1%</TD>
</TR>

<TR style="font-size: 3pt"><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD nowrap align="left">(1)</TD>
    <TD>&nbsp;</TD>
    <TD>Includes 9,621,016 shares owned directly by the Jorge L. Mas Canosa Holdings I Limited
Partnership, a Texas limited partnership (the &#147;Family Partnership&#148;), and indirectly by Jorge
Mas, as the president and sole director of Jorge L. Mas Canosa Holdings Corporation, a Texas
corporation, the sole general partner of the Family Partnership; and 8,800,410 shares owned of
record by Jorge Mas Holdings I Limited Partnership, a Texas limited partnership (&#147;Jorge Mas
Holdings&#148;). The sole general partner of Jorge Mas Holdings is Jorge Mas Holdings Corporation,
a Texas corporation that is wholly-owned by Mr.&nbsp;Jorge Mas. Also includes 282,670 shares owned
of record by the Mas Family Foundation, Inc., a Florida not-for-profit corporation (the
&#147;Family Foundation&#148;) of which Mr.&nbsp;Jorge Mas is the president; and 1,215,000 shares covered by
options exercisable within 60&nbsp;days of April&nbsp;5, 2006. Mr.&nbsp;Jorge Mas disclaims beneficial
ownership of the shares held by the Family Partnership except to the extent of his pecuniary
interest therein, and disclaims beneficial ownership of all of the shares owned by the Family
Foundation. In 2003, Mr.&nbsp;Mas entered into a 10b5-1 plan with a third-party trustee providing
for the sale of shares of our common stock. On an annual basis, Mr.&nbsp;Mas may authorize the
trustee, in its sole discretion but subject to certain price restrictions and monthly volume
limitations, to sell up to a maximum number of shares. For 2005, the trustee was authorized to
sell up to 360,000 shares with a per month limit of 36,000 shares. The 2005 authorization
represented less than 2% of the shares beneficially owned by Jorge Mas. In 2005, the trustee
had sold a total of 360,000 shares.</TD>
</TR>

<TR style="font-size: 3pt"><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD nowrap align="left">(2)</TD>
    <TD>&nbsp;</TD>
    <TD>Includes 1,114,251 shares owned of record by Jose Ramon Mas Holdings I Limited Partnership, a
Texas limited partnership (&#147;Jose Mas Holdings&#148;). The sole general partner of Jose Mas Holdings
is Jose Ramon Mas Holdings Corporation, a Texas corporation that is wholly owned by Mr.&nbsp;Jose
Mas. Also includes 105,500 shares owned of record by Jorge Mas Canosa Freedom Foundation,
Inc., a Florida non-for-profit corporation (&#147;Freedom Foundation&#148;) of which Mr.&nbsp;Jose R. Mas is
secretary; 470,429 shares covered by options exercisable within 60&nbsp;days of April&nbsp;5, 2006; and
837,209 shares owned of record individually. Mr.&nbsp;Jose R. Mas disclaims beneficial ownership of
the shares held by the Freedom Foundation.</TD>
</TR>

<TR style="font-size: 3pt"><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD nowrap align="left">(3)</TD>
    <TD>&nbsp;</TD>
    <TD>Includes shares of unvested restricted stock but as to which the owner presently has the
right to vote and the right to receive dividends, as follows: Ernst N. Csiszar, 4,841 shares;
Carlos M. de Cespedes, 9,901 shares; Robert J. Dwyer, 8,474 shares; Frank E. Jaumot, 9,728
shares; Julia L. Johnson, 14,063 shares; Jose S. Sorzano, 9,941 shares; John Van Heuvelen,
9,941 shares; C. Robert Cambell, 8,500 shares and Michael Nearing, 4,200 shares.</TD>
</TR>

<TR style="font-size: 3pt"><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD nowrap align="left">(4)</TD>
    <TD>&nbsp;</TD>
    <TD>Includes shares of common stock that may be issued upon the exercise of stock options that
are exercisable within 60&nbsp;days of April&nbsp;5, 2006 as follows: Carlos M. de Cespedes, 9,075
shares; Robert J. Dwyer, 9,075 shares; Frank E. Jaumot, 9,075 shares; Julia L. Johnson, 91,575
shares; Jose S. Sorzano, 171,325 shares; John Van Heuvelen, 99,950 shares; Austin J.
Shanfelter 1,054,929 shares; C. Robert Campbell, 50,000; Michael G. Nearing, 58,000 shares and
Gregory Floerke, 115,000 shares.</TD>
</TR>

<TR style="font-size: 3pt"><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD nowrap align="left">(5)</TD>
    <TD>&nbsp;</TD>
    <TD>Based on a Schedule&nbsp;13G filed with the SEC, dated February&nbsp;14, 2006, reporting beneficial
ownership of more than 5% of MasTec&#146;s common stock. As reported in the Schedule&nbsp;13G, FMR
possesses sole voting power with respect to 75,300 shares. As reported in the Schedule&nbsp;13G,
FMR possesses sole dispositive power with respect to 2,812,990. FMR&#146;s address is 82
Devonshire Street, Boston, Massachusetts 02109.</TD>
</TR>

</TABLE>


<P align="center" style="font-size: 10pt">-12-
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">






<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B><I>Section&nbsp;16(a) Beneficial Ownership Reporting Compliance</I></B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Section&nbsp;16(a) of the Securities Exchange Act of 1934, as amended, and regulations of the SEC
thereunder require that MasTec&#146;s directors, executive officers and persons who own more than 10% of
MasTec&#146;s common stock, as well as certain affiliates of such persons, file initial reports of their
ownership of MasTec&#146;s common stock and subsequent reports of changes in such ownership with the
SEC. Directors, executive officers and persons owning more than 10% of MasTec&#146;s common stock are
required by SEC regulations to file with the SEC and the New York Stock Exchange reports of their
respective ownership of common stock and to furnish MasTec with copies of all Section 16(a) reports
they file. Based solely on a review of the copies of such reports received, MasTec believes that
during the year ended December&nbsp;31, 2005, directors, executive officers and owners of more than 10%
of the common stock timely complied with all applicable filing requirements, except that: one Form
4 for C. Robert Campbell due on November&nbsp;3, 2005 was filed on November&nbsp;7, 2005; and three Form&nbsp;4&#146;s
for Jorge Mas reporting a series of sales pursuant to a 10(b)5-1 plan; a Form&nbsp;4 due on September&nbsp;6,
2005 was filed on September&nbsp;7, 2005, a second Form&nbsp;4 due on August&nbsp;12, 2005 was filed on August&nbsp;31,
2005, and the third Form&nbsp;4 due on August&nbsp;25, 2005 was filed on August&nbsp;29, 2005.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>EXECUTIVE COMPENSATION</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B><I>Executive Officers</I></B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Our executive officers are as follows:
</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="15%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="74%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Name</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3" style="border-bottom: 1px solid #000000"><B>Age</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left" style="border-bottom: 1px solid #000000"><B>Position</B></TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD nowrap align="left" valign="top">Austin J. Shanfelter
</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">48</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">President, Chief Executive Officer and Director</DIV></TD>
</TR>
<TR valign="bottom">
    <TD nowrap align="left" valign="top">Jose R. Mas
</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">34</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Executive Vice President and Vice Chairman of the Board</DIV></TD>
</TR>
<TR valign="bottom">
    <TD nowrap align="left" valign="top">C. Robert Campbell
</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">61</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Executive Vice President and Chief Financial Officer</DIV></TD>
</TR>
<TR valign="bottom">
    <TD nowrap align="left" valign="top">Alberto de Cardenas
</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">37</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Executive Vice President, General Counsel and Secretary</DIV></TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Austin J. Shanfelter and Jose R. Mas also serve as our directors. Biographical information for them
can be found in the section entitled &#147;Proposal No.&nbsp;1 &#151; Election of Directors&#148; beginning on page 5.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><I>C.&nbsp;Robert Campbell </I>has been our Executive Vice President and Chief Financial Officer since October
2004. Mr.&nbsp;Campbell has over 25&nbsp;years of senior financial management experience. From 2002 to 2004,
he was Executive Vice President and CFO for TIMCO Aviation Services, Inc. From 1998 to 2002, Mr.
Campbell was the President and CEO of BAX Global, Inc. and from 1995 to 1998 Executive Vice
President-Finance and CFO for Advantica Restaurant Group, Inc. From 1974 until 1995, Mr.&nbsp;Campbell
held various senior management positions with Ryder Systems, Inc., including 10&nbsp;years as Executive
Vice President and CFO of its Vehicle Leasing and Services Division. Mr.&nbsp;Campbell, who is a
Certified Public Accountant, has a Bachelor of Science degree in Industrial Relations from the
University of North Carolina, an MBA from Columbia University and a Master of Science in Accounting
from Florida International University.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><I>Alberto de Cardenas </I>has been our Executive Vice President, General Counsel and Secretary
responsible for all of MasTec&#146;s corporate and operational legal matters and corporate secretary
matters since November&nbsp;2005. From March&nbsp;2003 to November&nbsp;2005, Mr. de Cardenas was Senior Vice
President and General Counsel and from January through March&nbsp;2003 Vice President and Corporate
General Counsel of Perry Ellis International, Inc. From September&nbsp;1996 through December&nbsp;2002, Mr.
de Cardenas was a corporate and securities attorney at Broad and Cassel. From September&nbsp;1990 to
July&nbsp;1993, Mr. de Cardenas was an accountant at Deloitte &#038; Touche LLP.
</DIV>

<P align="center" style="font-size: 10pt">-13-
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B><I>Executive Officer Summary Compensation Table</I></B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The following table summarizes all compensation earned by our Chief Executive Officer and the other
executive officers of MasTec whose total salary and bonus exceeded $100,000 in 2005 (together, the
years ended December&nbsp;31, 2005, 2004 and 2003. &#147;Named Executive Officers&#148;) for services rendered in
all capacities to MasTec and its subsidiaries for the years ended December&nbsp;31, 2005, 2004 and 2003.
</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="24%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="4%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="4%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="11" style="border-bottom: 1px solid #000000"><B>Annual Compensation</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="7" style="border-bottom: 1px solid #000000"><B>Long Term Compensation</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Securities</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="left"><B>Name and Principal</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Other Annual</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Underlying</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>All Other</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="left" style="border-bottom: 1px solid #000000"><B>Position</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3" style="border-bottom: 1px solid #000000"><B>Year</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3" style="border-bottom: 1px solid #000000"><B>Salary ($)</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3" style="border-bottom: 1px solid #000000"><B>Bonus ($)</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3" style="border-bottom: 1px solid #000000"><B>Compensation ($)</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3" style="border-bottom: 1px solid #000000"><B>Options (9)</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3" style="border-bottom: 1px solid #000000"><B>Compensation ($)</B></TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Austin Shanfelter</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2005</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">639,231</TD>
    <TD nowrap>(2)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">150,000</TD>
    <TD nowrap>(10)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">500,061</TD>
    <TD nowrap>(15)</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><I>President &#038; Chief</I></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2004</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">560,769</TD>
    <TD nowrap>(2)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">101,971</TD>
    <TD nowrap>(3)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">500,675</TD>
    <TD nowrap>(15)</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><I>Executive Officer</I></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2003</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">542,308</TD>
    <TD nowrap>(2)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">175,000</TD>
    <TD nowrap>(4)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">150,000</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">500,000</TD>
    <TD nowrap>(15)</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">C. Robert Campbell (1)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2005</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">350,000</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">50,000</TD>
    <TD nowrap>(5)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">7,200</TD>
    <TD nowrap>(8)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">40,000</TD>
    <TD nowrap>(10)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><I>Executive Vice</I></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2004</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">67,308</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">75,000</TD>
    <TD nowrap>(6)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">1,385</TD>
    <TD nowrap>(8)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">100,000</TD>
    <TD nowrap>(11)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><I>President &#038; Chief</I></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2003</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px"><I>Financial Officer</I></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Jose R. Mas</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2005</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">246,156</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">150,000</TD>
    <TD nowrap>(10)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">153,000</TD>
    <TD nowrap>(16)</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><I>Vice Chairman</I></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2004</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">242,605</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">167,369</TD>
    <TD nowrap>(16)</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><I>Executive Vice</I></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2003</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">225,000</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">150,000</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">22,783</TD>
    <TD nowrap>(16)</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><I>President</I></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Gregory Floerke (1)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2005</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">300,000</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">50,000</TD>
    <TD nowrap>(7)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">40,000</TD>
    <TD nowrap>(12)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><I>Former Chief Operations</I></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2004</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">244,616</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">75,000</TD>
    <TD nowrap>(13)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><I>Officer</I></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2003</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">38,462</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Michael Nearing (1)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2005</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">306,686</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">7,200</TD>
    <TD nowrap>(8)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">50,000</TD>
    <TD nowrap>(14)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><I>Former Executive Vice</I></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2004</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">271,154</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">6,508</TD>
    <TD nowrap>(8)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><I>President and General</I></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2003</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><I>Counsel</I></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>



<DIV align="left">
<DIV style="font-size: 3pt; margin-top: 16pt; width: 18%; border-top: 1px solid #000000">&nbsp;</DIV>
</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR>
    <TD width="3%"></TD>
    <TD width="1%"></TD>
    <TD width="96"></TD>
</TR>

<TR valign="top">
    <TD nowrap align="left">(1)</TD>
    <TD>&nbsp;</TD>
    <TD>Mr.&nbsp;Campbell became Executive Vice President and Chief Financial Officer in October
2004. Mr.&nbsp;Floerke was our Chief Operations Officer from January&nbsp;2005 to March&nbsp;2006;
prior to that he was a Senior Vice President. In March&nbsp;2006 MasTec entered into a
separation agreement with Mr.&nbsp;Floerke. Mr.&nbsp;Nearing served as our Executive Vice
President and General Counsel until November&nbsp;2005. Mr.&nbsp;Nearing is currently our
General Counsel &#151; Litigation.</TD>
</TR>

<TR style="font-size: 3pt"><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD nowrap align="left">(2)</TD>
    <TD>&nbsp;</TD>
    <TD>Mr.&nbsp;Shanfelter elected to reduce his salary by approximately 10% in 2003 in light
of MasTec&#146;s operating results. In 2004 there was an additional reduction of
$39,231, but the 2004 reduction, in the amount of $39,231 was refunded to Mr.
Shanfelter in 2005.</TD>
</TR>

<TR style="font-size: 3pt"><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD nowrap align="left">(3)</TD>
    <TD>&nbsp;</TD>
    <TD>Represents the fourth installment payment of $101,971 of deferred compensation
awarded in 2001 for performance in 2000.</TD>
</TR>

<TR style="font-size: 3pt"><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD nowrap align="left">(4)</TD>
    <TD>&nbsp;</TD>
    <TD>Represents a $75,000 payment of deferred compensation awarded in 2001 for
performance in 2000; and a bonus of $100,000 paid to Mr.&nbsp;Shanfelter in 2003 in
connection with his amended employment agreement related to 2002 performance.</TD>
</TR>

<TR style="font-size: 3pt"><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD nowrap align="left">(5)</TD>
    <TD>&nbsp;</TD>
    <TD>Represents a bonus paid to Mr.&nbsp;Campbell in connection with his employment agreement.</TD>
</TR>

</TABLE>


<P align="center" style="font-size: 10pt">-14-
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">



<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR>
    <TD width="3%"></TD>
    <TD width="1%"></TD>
    <TD width="96"></TD>
</TR>

<TR valign="top">
    <TD nowrap align="left">(6)</TD>
    <TD>&nbsp;</TD>
    <TD>Represents a bonus paid to Mr.&nbsp;Campbell in 2004 in connection with his employment
agreement.</TD>
</TR>

<TR style="font-size: 3pt"><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD nowrap align="left">(7)</TD>
    <TD>&nbsp;</TD>
    <TD>Represents a bonus paid to Mr.&nbsp;Floerke in 2005 in connection with his employment
agreement.</TD>
</TR>

<TR style="font-size: 3pt"><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD nowrap align="left">(8)</TD>
    <TD>&nbsp;</TD>
    <TD>Represents car allowance payments paid to Messrs.&nbsp;Campbell and Nearing.</TD>
</TR>

<TR style="font-size: 3pt"><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD nowrap align="left">(9)</TD>
    <TD>&nbsp;</TD>
    <TD>The options were granted in the year indicated based on performance in the previous
year unless otherwise noted.</TD>
</TR>

<TR style="font-size: 3pt"><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD nowrap align="left">(10)</TD>
    <TD>&nbsp;</TD>
    <TD>These options were granted in 2005 for 2005 performance.</TD>
</TR>

<TR style="font-size: 3pt"><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD nowrap align="left">(11)</TD>
    <TD>&nbsp;</TD>
    <TD>Represents options to acquire 100,000 shares of our common stock that were granted
to Mr.&nbsp;Campbell in connection with his employment agreement.</TD>
</TR>

<TR style="font-size: 3pt"><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD nowrap align="left">(12)</TD>
    <TD>&nbsp;</TD>
    <TD>Represents options to acquire 40,000 shares of our common stock that were granted
to Mr.&nbsp;Floerke in connection with his employment agreement.</TD>
</TR>

<TR style="font-size: 3pt"><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD nowrap align="left">(13)</TD>
    <TD>&nbsp;</TD>
    <TD>Represents options to acquire 35,000 and 40,000 shares of our common stock that
were granted to Mr.&nbsp;Floerke in connection with his hiring and promotion,
respectively.</TD>
</TR>

<TR style="font-size: 3pt"><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD nowrap align="left">(14)</TD>
    <TD>&nbsp;</TD>
    <TD>Represents options to acquire 50,000 shares of our common stock that were granted
to Mr.&nbsp;Nearing in connection with his employment agreement.</TD>
</TR>

<TR style="font-size: 3pt"><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD nowrap align="left">(15)</TD>
    <TD>&nbsp;</TD>
    <TD>Of this amount, $500,000 represents premiums paid by MasTec for split dollar
insurance on the lives of Mr.&nbsp;Shanfelter and his spouse and the remainder
represents excess life insurance premiums paid under MasTec&#146;s benefit plans.</TD>
</TR>

<TR style="font-size: 3pt"><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD nowrap align="left">(16)</TD>
    <TD>&nbsp;</TD>
    <TD>Of the amounts included for 2005, 2004 and 2003, $150,000, $163,019, and $21,156,
respectively, represents premiums paid by MasTec for split dollar insurance on the
life of Mr.&nbsp;Mas and the remainder represents excess life insurance premiums paid
under MasTec&#146;s benefit plans.</TD>
</TR>

</TABLE>



<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B><I>Option Grants in Last Fiscal Year</I></B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The following table provides information with respect to options to purchase common stock granted
to the Named Executive Officers in the year ended December&nbsp;31, 2005:
</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="31%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="4%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="4%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="4%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="4%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="4%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="6%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="6%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="15" style="border-bottom: 1px solid #000000"><B>Indivudual Grants</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="7"><B>Potential Realizable Value</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="7"><B>at Assumed Annual Rates</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Number of</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Percent of</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="7"><B>of Stock Price</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Shares</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Total Options</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="7"><B>Appreciation</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Underlying</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Granted to</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="7" style="border-bottom: 1px solid #000000"><B>for Option Term(3)</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Options</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Employees in</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Exercise</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Expiration</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="left" style="border-bottom: 1px solid #000000"><B>Name</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3" style="border-bottom: 1px solid #000000"><B>Granted</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3" style="border-bottom: 1px solid #000000"><B>Fiscal Year(1)</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3" style="border-bottom: 1px solid #000000"><B>Price($/Sh)(2)</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3" style="border-bottom: 1px solid #000000"><B>Date</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3" style="border-bottom: 1px solid #000000"><B>5%</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3" style="border-bottom: 1px solid #000000"><B>10%</B></TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Austin J. Shanfelter</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">150,000</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">11.60</TD>
    <TD nowrap>%</TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">9.67</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">08/05/15</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">912,212</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">2,311,723</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">C. Robert Campbell</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">40,000</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">3.10</TD>
    <TD nowrap>%</TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">10.01</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">11/01/15</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">251,809</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">638,134</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Jose R. Mas</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">150,000</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">11.60</TD>
    <TD nowrap>%</TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">9.67</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">08/05/15</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">912,212</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">2,311,723</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Gregory S. Floerke(4)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">40,000</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">3.10</TD>
    <TD nowrap>%</TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">9.73</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">01/03/15</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">244,766</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">620,285</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Michael G. Nearing(4)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">50,000</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">3.87</TD>
    <TD nowrap>%</TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">10.48</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">11/04/15</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">329,541</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">835,121</TD>
    <TD>&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>



<DIV align="left">
<DIV style="font-size: 3pt; margin-top: 16pt; width: 18%; border-top: 1px solid #000000">&nbsp;</DIV>
</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR>
    <TD width="3%"></TD>
    <TD width="1%"></TD>
    <TD width="96"></TD>
</TR>

<TR valign="top">
    <TD nowrap align="left">(1)</TD>
    <TD>&nbsp;</TD>
    <TD>Based on options to purchase an aggregate of 1,293,000 shares of common stock granted to
employees in 2005.</TD>
</TR>

</TABLE>


<P align="center" style="font-size: 10pt">-15-
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">





<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR>
    <TD width="3%"></TD>
    <TD width="1%"></TD>
    <TD width="96"></TD>
</TR>

<TR valign="top">
    <TD nowrap align="left">(2)</TD>
    <TD>&nbsp;</TD>
    <TD>All options were granted at an exercise price equal to fair market value based on the closing
price of our common stock on the New York Stock Exchange on the date of grant.</TD>
</TR>

<TR style="font-size: 3pt"><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD nowrap align="left">(3)</TD>
    <TD>&nbsp;</TD>
    <TD>Amounts represent hypothetical gains assuming exercise at the end of the option term and
assuming rates of stock price appreciation of 5% and 10% compounded annually from the date the
respective options were granted to their expiration date. The 5% and 10% assumed rates of
appreciation are mandated by the rules of the SEC. These assumptions are not intended to
forecast future appreciation of our stock price. The potential realizable value computation
does not take into account federal or state income tax consequences of option exercises or
sales of appreciated stock. The actual gains, if any, on the stock option exercises will
depend on the future performance of our common stock, the optionee&#146;s continued employment
through applicable vesting periods and the date on which the options are exercised and the
underlying shares are sold.</TD>
</TR>

<TR style="font-size: 3pt"><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD nowrap align="left">(4)</TD>
    <TD>&nbsp;</TD>
    <TD>Mr.&nbsp;Floerke was our Chief Operations Officer from January&nbsp;2005 to March&nbsp;2006; prior to that
he was a Senior Vice President. In March&nbsp;2006, MasTec entered into a separation agreement with
Mr.&nbsp;Floerke. Mr.&nbsp;Nearing served as our Executive Vice President and General Counsel until
November&nbsp;2005. Mr.&nbsp;Nearing is currently our General Counsel &#151; Litigation.</TD>
</TR>

</TABLE>



<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B><I>Aggregate Option Exercises and Year-End Option Values</I></B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The following table sets forth information with respect to stock options exercised during the year
ended December&nbsp;31, 2005 by the Named Executive Officers and the value at December&nbsp;31, 2005 of
unexercised stock options held by the Named Executive Officers.
</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="23%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="11%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="11%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="13%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="14%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Value of</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Number of Shares</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Unexercised in</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Shares</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Underlying</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>the Money Options at</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Acquired</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Unexercised Options at</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>December 31, 2005</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>on</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Value</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>December 31, 2005</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Exercisable/</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3" style="border-bottom: 1px solid #000000"><B>Exercise</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3" style="border-bottom: 1px solid #000000"><B>Realized</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3" style="border-bottom: 1px solid #000000"><B>Exercisable/ Unexercisable</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3" style="border-bottom: 1px solid #000000"><B>Unexercisable(1)</B></TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Austin J. Shanfelter</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,054,929/51,000</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">1,459,770/139,230</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">C. Robert Campbell</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">50,000/90,000</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">99,824/142,576</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Jose R. Mas</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">470,429/51,000</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">390,270/139,230</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Gregory S. Floerke(2)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">88,200/26,800</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">99,824/142,576</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Michael G. Nearing(2)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">58,000/42,000</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">90,090/46,410</TD>
    <TD>&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>



<DIV align="left">
<DIV style="font-size: 3pt; margin-top: 16pt; width: 18%; border-top: 1px solid #000000">&nbsp;</DIV>
</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR>
    <TD width="3%"></TD>
    <TD width="1%"></TD>
    <TD width="96"></TD>
</TR>

<TR valign="top">
    <TD nowrap align="left">(1)</TD>
    <TD>&nbsp;</TD>
    <TD>Market value of shares underlying in-the-money options at December&nbsp;30, 2005 based on the
product of $10.47 per share, the closing price of MasTec&#146;s common stock on the New York Stock
Exchange, less the exercise price of each option, multiplied by the number of in-the-money
options as of that date.</TD>
</TR>

<TR style="font-size: 3pt"><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD nowrap align="left">(2)</TD>
    <TD>&nbsp;</TD>
    <TD>Mr.&nbsp;Floerke was our Chief Operations Officer from January&nbsp;2005 to March&nbsp;2006; prior to that
he was a Senior Vice President. In March&nbsp;2006, MasTec entered into a separation agreement with
Mr.&nbsp;Floerke. Mr.&nbsp;Nearing served as our Executive Vice President and General Counsel until
November&nbsp;2005. Mr.&nbsp;Nearing is currently our General Counsel &#151; Litigation.</TD>
</TR>

</TABLE>



<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B><I>Employment and Other Agreements</I></B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">In November&nbsp;2005, MasTec extended its January&nbsp;2002 employment agreement with Mr.&nbsp;Shanfelter to
serve as our President and Chief Executive Officer through March&nbsp;31, 2007. The agreement provides
that Mr.&nbsp;Shanfelter will be paid an annual salary of $600,000, an initial bonus of $100,000 prior
to March&nbsp;31, 2003 and deferred compensation of $2,000,000. The agreement also provides for a bonus
to be paid based upon MasTec&#146;s performance and stock options to be granted pursuant to MasTec&#146;s
stock option plans. Following termination of employment, the agreement provides for a two-year
consulting period at $500,000 per year. Additionally, if there is a change of control of MasTec
during the employment term and through the consulting period, the executive will be entitled to
receive compensation in an amount
</DIV>

<P align="center" style="font-size: 10pt">-16-
</DIV>

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<DIV style="font-family: Helvetica,Arial,sans-serif">
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">equal to three times his base salary, the consulting fees, any unpaid portion of the bonus and the
deferred compensation amount and immediate vesting of any previously unvested options. The
agreement also contains gross-up for any excise taxes, as well as confidentiality, non-competition
and non-solicitation provisions.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">In November&nbsp;2005, MasTec entered into an employment agreement with Michael G. Nearing which
provides for him to serve as our General Counsel &#151; Litigation. The agreement expires on December
31, 2007 unless earlier terminated, and provides that Mr.&nbsp;Nearing will be paid at the rate of
$300,000 per annum until June&nbsp;30, 2006 and then at the rate of $120,000 per annum for more limited
services until the expiration of the term. The agreement also entitles Mr.&nbsp;Nearing to participate
in our bonus plan for senior management. If Mr.&nbsp;Nearing is terminated without cause or good reason,
he will receive his base salary for the remainder of the term of the agreement. The agreement also
contains confidentiality, non-competition and non-solicitation provisions.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">On October&nbsp;12, 2004, MasTec entered into an employment agreement with C. Robert Campbell relating
to his employment as Executive Vice President and Chief Financial Officer. The agreement expires on
January&nbsp;17, 2007 unless earlier terminated, and provides that Mr.&nbsp;Campbell will be paid an annual
salary of $350,000 and an initial bonus of $75,000 upon execution of the employment agreement. The
agreement also provides for annual performance bonuses of up to his base salary with a minimum
annual performance bonus of $50,000 for each of 2005 and 2006 and stock options pursuant to
MasTec&#146;s stock option plans. Following termination of employment without cause or good reason, Mr.
Campbell will receive his base salary from the date of termination for a period of twelve months.
If the agreement is terminated by MasTec not renewing or extending the employment agreement then
Mr.&nbsp;Campbell shall be entitled to severance benefits for a period of six months from the
termination date. If there is a change of control of MasTec during the employment term, Mr.
Campbell will be entitled to one and a half times the unpaid portion of his salary for the greater
of twelve months or the remaining term of the agreement and to immediate vesting of any previously
unvested options. The agreement also contains confidentiality, non-competition and non-solicitation
provisions.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">On January&nbsp;3, 2005, MasTec entered into an employment agreement with Gregory S. Floerke relating to
his employment as Chief Operations Officer. He has been solely focused and responsible for managing
intelligent traffic services related projects for MasTec. The agreement expires on January&nbsp;2, 2007
unless earlier terminated, and provides that Mr.&nbsp;Floerke will be paid an annual salary of $300,000
during the first year of employment and $350,000 during the second year of employment. The
agreement also provides for the grant to Mr.&nbsp;Floerke of stock options pursuant to MasTec&#146;s stock
option plans. Following termination of employment without cause or good reason he will receive his
base salary for 12&nbsp;months after the date of termination. If the agreement is not renewed by the
Company, the executive is entitled to severance benefits for a period of six months from the
termination date. The agreement also contains confidentiality, non-competition and non-solicitation
provisions. In March&nbsp;2006, MasTec entered into a separation agreement with Mr.&nbsp;Floerke. Mr.
Floerke resigned effective March&nbsp;31, 2006. In connection therewith, we entered into a separation
agreement with Mr.&nbsp;Floerke in which we paid him $95,000 and accelerated the vesting of his unvested
options.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">On November&nbsp;16, 2005, MasTec entered into an employment agreement with Alberto de Cardenas relating
to his employment as Executive Vice President and General Counsel. The agreement expires on
December&nbsp;31, 2007 unless earlier terminated, and provides that Mr. de Cardenas will be paid an
annual salary of $290,000. The agreement also provides for annual performance bonuses of up to 50%
of his base salary with a minimum annual bonus of $50,000 to be paid on March&nbsp;31, 2006 and 2007 and
stock options pursuant to MasTec&#146;s stock option plans. Following termination of employment without
cause or good reason, he will receive his base salary from the date of termination for a period of
twelve months. If we fail to renew the agreement, he is entitled to severance benefits for a period
of six months from the termination date. If there is a change of control of MasTec during the
employment term, he will be entitled to one and a half times the unpaid portion of his salary for
the greater of twelve months or the remaining term of the agreement and to immediate vesting of any
previously unvested options. The agreement also contains confidentiality, non-competition and
non-solicitation provisions.
</DIV>

<P align="center" style="font-size: 10pt">-17-
</DIV>

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<DIV style="font-family: Helvetica,Arial,sans-serif">

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">See &#147;Certain Relationships and Related Transactions&#148; for a description of split dollar agreements
and deferred compensation agreements that MasTec has entered into with Austin J. Shanfelter, Jose
R. Mas and Jorge Mas.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>COMPENSATION COMMITTEE REPORT ON EXECUTIVE COMPENSATION</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The Compensation Committee of the Board of Directors is responsible for establishing and
administering the policies for MasTec&#146;s compensation programs and approving the compensation level
of the Chief Executive Officer and the other executive officers of MasTec. The Compensation
Committee also reviews with the Chief Executive Officer guidelines for salaries and bonus awards
applicable to MasTec&#146;s employees other than its executives. The Compensation Committee is composed
of Jose S. Sorzano, who serves as Chairman, Robert J. Dwyer, Carlos M. de Cespedes, and John Van
Heuvelen, all of whom the Board of Directors in the exercise of its reasonable business judgment,
has determined are independent pursuant to New York Stock Exchange and SEC rules and regulations.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B><I>Statement of Philosophy of Executive Compensation</I></B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The executive compensation program of MasTec is designed to (i)&nbsp;provide base compensation
reasonably comparable to that offered by other leading companies to their executives so as to
attract and retain talented personnel, (ii)&nbsp;motivate executives to achieve the strategic goals set
by MasTec by linking an executive&#146;s incentive compensation to the performance of MasTec and
applicable business units, as well as to individual performance, and (iii)&nbsp;align the interests of
MasTec&#146;s executives with the long-term interests of its shareholders through the award of stock
options and other stock-related programs. To implement this philosophy, MasTec offers its
executives compensation packages that include a mix of salary, incentive bonus awards, and stock
options.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">In determining the level and form of executive compensation to be paid or awarded, the Committee
relies primarily on MasTec&#146;s results of operations and, in the case of senior executives, an
assessment of MasTec&#146;s overall performance in light of its strategic objectives. The primary
factors considered by the Compensation Committee in establishing 2005 compensation for senior
executives were the projected results for 2005 and the provisions of the employment agreements
which contain certain commitments related to compensation.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B><I>Salary</I></B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The base salary of executives is determined initially by analyzing and evaluating the
responsibilities of the position and comparing the proposed base salary with that of executives in
comparable positions in other companies. Adjustments are determined by objective factors such as
MasTec&#146;s performance and the individual&#146;s contribution to that performance and subjective
considerations such as additional responsibilities taken on by the executive. The Compensation
Committee awarded no increases in the 2005 base salaries of any of the Named Executive Officers,
except as required by their employment agreements.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B><I>Incentive Awards</I></B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">In addition to paying a base salary, MasTec awards incentive bonuses as a component of overall
compensation. MasTec has established incentive compensation plans for its executives at both the
corporate and operational levels that award incentive bonuses based primarily on MasTec&#146;s or an
individual unit&#146;s performance as measured by earnings before interest and taxes. Because of the
time it takes to gather and evaluate the necessary financial data to gauge performance over the
prior year, bonuses for performance are not paid until the beginning of the following year. A
portion of the bonus may be awarded in stock or stock options. MasTec or the individual unit must
meet certain minimum thresholds before any bonus is earned. The Compensation Committee awarded a
$50,000 cash bonus for 2005 to each of Messrs.&nbsp;Campbell and Floerke as required by the terms of
their respective employment agreement.
</DIV>

<P align="center" style="font-size: 10pt">-18-
</DIV>

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<DIV style="font-family: Helvetica,Arial,sans-serif">

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B><I>Long-Term Incentives</I></B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Stock options are granted as long-term incentive compensation to encourage and enhance positive
performance and to align the interest of our executives with our shareholders. Options are granted
at a price equal to the fair market value of our common stock on the New York Stock Exchange on the
date of grant, and will have value only if MasTec&#146;s stock price increases. Grants to executives are
based on their scope of responsibility, performance, size of prior grants and strategic practices.
During 2005, of the Named Executive Officers, Messrs.&nbsp;Shanfelter, Campbell, and Mas each received
stock option grants for performance in 2005. Messrs.&nbsp;Floerke and Nearing received option grants to
purchase shares in accordance with their employment agreements.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Awards generally are not exercisable immediately upon grant, but instead vest over a specified
period. Accordingly, an employee must generally remain employed by us for a specified period to
enjoy the full economic benefit of an award.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B><I>Chief Executive Officer Compensation</I></B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The Compensation Committee based the Chief Executive Officer&#146;s 2005 salary on the terms provided
for in Austin J. Shanfelter&#146;s employment agreement. The agreement provides that Mr.&nbsp;Shanfelter will
be paid an annual salary of $600,000. In 2005, the Compensation Committee awarded Mr.&nbsp;Shanfelter a
discretionary grant of options to purchase 150,000 MasTec common shares for performance. The
discretionary stock option award vests ratably over a three-year period. Although the agreement
also allows for cash performance bonuses, the Compensation Committee determined that no cash
performance bonus would be awarded to Mr.&nbsp;Shanfelter for 2005 performance. In 2005, Mr.&nbsp;Shanfelter
received the fourth installment payment of $101,971 of deferred compensation awarded in 2001 for
performance in 2000, when Mr.&nbsp;Shanfelter served as President of one of MasTec&#146;s service offerings,
and before he became an executive officer of MasTec.
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt">Jose S. Sorzano, Chairman<BR>
Robert J. Dwyer<BR>
Carlos M. de Cespedes<BR>
John Van Heuvelen
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B><I>Compensation Committee Interlocks and Insider Participation</I></B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Jorge Mas and Jose R. Mas, Chairman of the Board and Vice Chairman of the Board and Executive Vice
President of MasTec, respectively, were members of the Board of Directors of Neff Corp., through
June&nbsp;2005 when Neff Corp. was sold. Juan Carlos Mas, the brother of Jorge and Jose R. Mas, is the
CEO and a director of Neff Corp. Messrs.&nbsp;Jorge, Jose R. and Juan Carlos Mas, and their respective
families, owned a controlling interest in both MasTec and Neff Corp. When Neff Corp. was sold in
2005, Jorge and Jose R. Mas each sold all their shares of Neff Corp. MasTec purchases, rents and
leases equipment used in its business from a number of different vendors, on a nonexclusive basis,
including Neff. See &#147;Certain Relationships and Related Transactions&#148; below for more information.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">MasTec purchases, rents and leases equipment used in its business from a number of different
vendors, on a non-exclusive basis, including Neff Corp., in which Jorge Mas and Jose R. Mas were
directors and owners of a controlling interest through June&nbsp;2005 when Neff Corp. was sold. Juan
Carlos Mas, the brother of Jorge and Jose Mas, is Chief Executive Officer and a director of Neff
Corp. During 2005, MasTec paid Neff approximately $320,000 for equipment purchases, rentals and
leases. MasTec believes the amount paid to Neff is equivalent to the payments that would have been
made between unrelated parties for similar transactions acting at arm&#146;s length.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Effective as of August&nbsp;27, 2002, MasTec and Jorge Mas entered into a split dollar agreement, as
subsequently amended, wherein MasTec agreed to pay the premiums due on two life insurance policies
with an aggregate face amount of $50,000,000. Mr.&nbsp;Mas and his spouse are the insureds under the
</DIV>

<P align="center" style="font-size: 10pt">-19-
</DIV>

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<DIV style="font-family: Helvetica,Arial,sans-serif">
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">policies. Under the terms of this agreement, MasTec is the sole owner and beneficiary of the
policies and is entitled to recover the greater of (i)&nbsp;all premiums it pays on the policies plus
interest equal to four percent, compounded annually, or (ii)&nbsp;the cash surrender value of the life
insurance policy upon the death of the insureds. The remainder of the policies&#146; proceeds will be
paid in accordance with Mr.&nbsp;Mas&#146; designations. MasTec will make the premium payments until the
agreement is terminated, which occurs upon any of the following events: (i)&nbsp;bankruptcy or
dissolution of MasTec, or (ii)&nbsp;a change of control of MasTec.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Additionally, effective as of September&nbsp;13, 2002, MasTec and Jorge Mas entered into a second split
dollar agreement, as subsequently amended, wherein MasTec agreed to pay the premiums due on a life
insurance policy with a face amount of $80,000,000, $60,000,000 of which is subject to the
agreement and the remaining $20,000,000 is deemed to be key-man insurance payable to MasTec and
falls outside of the agreement. Jorge Mas is the insured under this policy. Under the terms of this
agreement, MasTec is the sole owner and beneficiary of the policy and is entitled to recover the
greater of (i)&nbsp;all premiums it pays on the portion of the policy subject to the agreement, plus
interest equal to four percent, compounded annually, or (ii)&nbsp;the cash surrender value of the life
insurance policy upon the death of the insured. MasTec will make the premium payments until the
agreement is terminated, which occurs upon any of the following events: (i)&nbsp;bankruptcy or
dissolution of MasTec, or (ii)&nbsp;a change of control of MasTec. An amount equal to $60,000,000 of the
policy&#146;s proceeds will be paid in accordance with Jorge Mas&#146; designations. Any remainder of the
proceeds will be paid to MasTec. In 2005, MasTec paid $582,119 in premiums in connection with the
split dollar agreements for Jorge Mas.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">On November&nbsp;1, 2002, MasTec and Jorge Mas entered into a deferred bonus agreement in which MasTec
agreed to pay Mr.&nbsp;Mas a bonus in the event the split dollar agreements Mr.&nbsp;Mas had entered into
with the MasTec were terminated due to a change of control. The amount of the bonus is equal to the
total premium payments made by MasTec under the terms of the split dollar agreements, plus interest
of four percent, compounded annually. The bonus is to be paid within 60&nbsp;days after termination of
the split dollar agreement. The deferred bonus agreement was subsequently amended to comply with
Section&nbsp;409A of the Internal Revenue Code.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">On November&nbsp;1, 2002, MasTec and Austin Shanfelter entered into a split dollar agreement, as
subsequently amended, wherein MasTec agreed to pay the premiums due on a life insurance policy with
an aggregate face amount of $18,000,000. Mr.&nbsp;Shanfelter and his spouse are the insureds under the
policy. Under the terms of this agreement, MasTec is an owner and beneficiary of the policy and is
entitled, upon the death of the insureds, to recover all premiums it pays on the policy plus
interest equal to four percent, compounded annually. The remainder of the policy&#146;s proceeds will be
paid in accordance with Mr.&nbsp;Shanfelter&#146;s designations. MasTec will make the premium payments for
the term of the agreement or until the agreement is terminated, which occurs upon any of the
following events: (i)&nbsp;bankruptcy or dissolution of MasTec, or (ii)&nbsp;the six year anniversary of the
agreement. In 2005, MasTec paid approximately $500,000 in premiums in connection with the split
dollar agreement for Mr.&nbsp;Shanfelter and his family.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">On November&nbsp;1, 2002, MasTec and Austin Shanfelter entered into a deferred bonus agreement in which
MasTec agreed to pay Mr.&nbsp;Shanfelter a bonus in the event the split dollar agreement described above
is terminated for any reason, other than his death. The amount of the bonus is equal to the total
premium payments made by MasTec under the terms of the split dollar agreement, plus interest of
four percent, compounded annually. The bonus is to be paid within 60&nbsp;days after termination of the
split-dollar agreement. The deferred bonus agreement was subsequently amended to comply with
Section&nbsp;409A of the Internal Revenue Code.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Effective as of July&nbsp;16, 2004, MasTec and Jose Mas entered into a split dollar agreement wherein
MasTec agreed to pay premiums on a life insurance policy with an aggregate face amount of $10.0
million. Under the terms of the agreement, MasTec is the sole owner and beneficiary of the policy
and is entitled to recover the greater of (i)&nbsp;all premiums it pays on the policy plus interest
equal to four percent, compounded annually or (ii)&nbsp;the cash surrender value of the life insurance
policy immediately prior to the death of the survivor of the insured. The remainder of the
policy&#146;s proceeds will be paid in accordance with Mr.&nbsp;Mas&#146; designations. MasTec has agreed to make
the premium payments until at least July&nbsp;15, 2009. In 2005, MasTec paid $150,000 in premiums in
connection with the split dollar agreement for Mr.&nbsp;Jose Mas.
</DIV>

<P align="center" style="font-size: 10pt">-20-
</DIV>

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<DIV style="font-family: Helvetica,Arial,sans-serif">

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">On April&nbsp;3, 2006, MasTec and Jose R. Mas entered into a deferred bonus agreement in which MasTec
agreed to pay Mr.&nbsp;Mas a bonus in the event the split dollar agreement Mr.&nbsp;Mas had entered into with
the MasTec were terminated due to a change of control<B>. </B>The amount of the bonus is equal to the
total premium payments made by MasTec under the terms of the split dollar agreements, plus interest
of four percent, compounded annually. The bonus is to be paid within 60&nbsp;days after termination of
the split dollar agreement.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>STOCK PERFORMANCE GRAPH</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The following graph compares the cumulative total shareholder return on MasTec&#146;s common stock from
December&nbsp;31, 2000 through December&nbsp;31, 2005 with the cumulative total return of the Standard &#038;
Poor&#146;s 500 Stock Index and a company-constructed index of six peer companies consisting of Black
Box Corp., Dycom Industries, Inc., International Fibercom, Inc., Quanta Services, Inc., Wireless
Facilities Inc and LCC International. The graph assumes that the value of the investment in the
common stock was $100 on December&nbsp;31, 2000, with the number of shares purchased for the $100
investment determined based on the fair market value on that date and that all dividends were
reinvested. This data is not necessarily indicative of future results.
</DIV>


<P align="center"><B><IMG SRC="g00841g0084103.gif"></B>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
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</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="22" style="border-bottom: 1px solid #000000">Cumulative Total Return</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2" style="border-bottom: 1px solid #000000">12/00</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2" style="border-bottom: 1px solid #000000">12/01</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2" style="border-bottom: 1px solid #000000">12/02</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2" style="border-bottom: 1px solid #000000">12/03</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2" style="border-bottom: 1px solid #000000">12/04</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2" style="border-bottom: 1px solid #000000">12/05</TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">MASTEC, INC.</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">100.00</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">34.75</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">14.75</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">74.05</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">50.55</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">52.35</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">S &#038; P500</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">100.00</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">88.12</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">68.64</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">88.33</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">97.94</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">102.75</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">PEER GROUP</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">100.00</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">48.51</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">30.89</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">51.68</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">51.27</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">49.08</TD>
    <TD>&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="center" style="font-size: 10pt">-21-
</DIV>

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<DIV style="font-family: Helvetica,Arial,sans-serif">


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>AUDIT COMMITTEE AND AUDIT RELATED INFORMATION</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B><I>Audit Committee Report</I></B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The Audit Committee of MasTec is composed of three directors, whom the Board of Directors, in the
exercise of its reasonable business judgment, has determined meet the independence and experience
requirements of the New York Stock Exchange and SEC rules and regulations. In 2005, the Audit
Committee met eighteen times. The Audit Committee has adopted, and annually reviews, a charter,
which provides the duties and obligations of the Audit Committee. In March&nbsp;2006, the Board of
Directors approved an amended charter for the Audit Committee, a copy of which is attached to this
Proxy Statement as <U>Appendix&nbsp;A</U>.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The agenda of the Audit Committee is established by the Chairman of the Audit Committee. During
2005, at each of it&#146;s meetings, the Audit Committee met with senior members of the financial
management team. Members of the Audit Committee had private executive sessions, as appropriate, at
its meetings, with MasTec&#146;s independent registered public accounting firm for the purpose of
discussing financial management, accounting and internal control issues.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The Audit Committee also discussed with the independent auditors the matters required to be
reviewed by Statement on Auditing Standards No.&nbsp;61 (Communications with Audit Committees), as
amended by Statement on Auditing Standards No.&nbsp;90 (Audit Committee Communications), and reviewed
the written disclosures and related correspondence from the independent auditors required by
Independence Standards Board Standard No.&nbsp;1 (Independence Discussions with Audit Committees). The
Audit Committee reviewed and discussed with the independent auditors their independence from
MasTec. In connection with discussions regarding independence, the Audit Committee also considered
with the independent auditors whether the provision of nonaudit services by independent auditors to
MasTec is compatible with the auditors&#146; independence.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The Audit Committee has reviewed the audited financial statements contained in the Annual Report on
Form 10-K with our management, including a discussion of the accounting principles, the
reasonableness of judgments and estimates, the clarity of disclosure in the financial statements
and the conformity of the consolidated financial statements of MasTec with generally accepted
accounting principles.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">In performing its functions, the Audit Committee acts in an oversight capacity. The Audit Committee
relies on the work and assurances of MasTec&#146;s management, which has the primary responsibility for
the financial statements and reports, and of the independent registered public accounting firm,
who, in their report, express an opinion on the conformity of our annual financial statements to
generally accepted accounting principles.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">In reliance on these reviews and discussions, and the report of the independent auditors, the Audit
Committee has recommended to the Board of Directors and the Board of Directors has approved, the
audited financial statements included in MasTec&#146;s Annual Report on Form 10-K for the year ended
December&nbsp;31, 2005.
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt">John Van Heuvelen, Chairman<BR>
Ernst N. Csiszar<BR>
Frank E. Jaumot
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B><I>Changes in Accountants</I></B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">On September&nbsp;2, 2004, we filed a Current Report on Form 8-K, as amended on September&nbsp;24, 2004,
reporting that on August&nbsp;30, 2004, Ernst &#038; Young LLP our independent registered public accountants
at the time would resign as our auditors following the completion of services related to the audit
of MasTec North America, Inc. The Form 8-K reported that there were no disagreements between us and
Ernst and Young involving any matters of accounting principles or practices, financial statement
disclosure or
</DIV>

<P align="center" style="font-size: 10pt">-22-
</DIV>

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<DIV style="font-family: Helvetica,Arial,sans-serif">

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">auditing scope or procedure. On September&nbsp;24, 2004 our Audit Committee engaged BDO Seidman, LLP to
serve as our independent registered public accountants for the 2004 fiscal year.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B><I>Independent Public Accountants</I></B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Our Audit Committee engaged BDO Seidman, LLP to serve as our independent registered public
accountants for the 2005 fiscal year. A representative from BDO Seidman, LLP is expected to attend
the 2006 Annual Meeting of Shareholders and will have the opportunity to make a statement and
answer questions.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B><I>Audit Fees</I></B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Fees for services rendered by our independent auditors, BDO Seidman, LLP, for professional services
rendered for the 2004 and 2005 audit of our annual financial statements, review of financial
statements included in quarterly reports on Form 10-Q in 2004 and 2005, out of pocket expenses,
2005 procedures performed for a registration statement filing and other audit procedures related to
SEC comment letters totaled approximately $2.7&nbsp;million and $2.2million for 2004 and 2005,
respectively<B>.</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B><I>Audit Related Fees</I></B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Fees for audit related services, which are services that are reasonably related to the performance
of the audit or review of quarterly financial statements, performed by BDO Seidman, LLP were
$36,300 and $36,000 in 2004 and 2005, respectively.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B><I>Tax Fees</I></B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Fees billed for tax services, including compliance, tax advice and tax planning, performed by BDO
Seidman, LLP in 2004 and 2005 were $0 and $4,000, respectively<B>.</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B><I>All Other Fees</I></B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">There were
no fees billed for other services in 2004 and 2005 by BDO Seidman, LLP.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B><I>Pre-approval Policies</I></B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The Audit Committee pre-approves all auditing services and the terms of such services (which may
include providing comfort letters in connection with securities underwritings) and non-audit
services provided by our independent auditors, but only to the extent that the non-audit services
are not prohibited under applicable law and the Audit Committee reasonably determines that the
non-audit services do not impair the independence of the independent auditors. The authority to
pre-approve non-audit services may be delegated to one or more members of the Audit Committee, who
present all decisions to pre-approve an activity to the full Audit Committee at its first meeting
following such decision.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The pre-approval requirement is waived with respect to the provision of non-audit services for
MasTec if (i)&nbsp;the aggregate amount of all such non-audit services provided to MasTec constitutes
not more than 5% of the total amount of revenues paid by MasTec to its independent auditors during
the fiscal year in which such non-audit services were provided, (ii)&nbsp;such services were not
recognized at the time of the engagement to be non-audit services, and (iii)&nbsp;such services are
promptly brought to the attention of the Audit Committee or by one or more of its members to whom
authority to grant such approvals has been delegated by the Audit Committee.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The Audit Committee has considered and determined that the provision of the non-audit services
described above is compatible with maintaining the auditor&#146;s independence.
</DIV>

<P align="center" style="font-size: 10pt">-23-
</DIV>

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<DIV style="font-family: Helvetica,Arial,sans-serif">

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">During 2005 and 2004, audit related services, tax services, and all other services to be provided
by BDO Seidman, LLP were pre-approved by the Audit Committee.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B><I>Shareholders&#146; Proposals for 2007 Annual Meeting</I></B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Under our bylaws, MasTec must receive any proposal from an eligible shareholder intended to be
presented at the 2007 Annual Meeting of Shareholders, including any nomination proposal, on or
before January&nbsp;18, 2007 for the proposal to be eligible for inclusion in our Proxy Statement and
Proxy related to that meeting. Any notice regarding a shareholder proposal must include the
information specified in Article&nbsp;I, Section&nbsp;9 of our bylaws. If a shareholder fails to comply with
Article&nbsp;I, Section&nbsp;9 of our bylaws or notifies MasTec after January&nbsp;18, 2007 of an intent to
present a proposal at MasTec&#146;s 2007 Annual Meeting of Shareholders, the proposal will not be
considered. A copy of our bylaw requirements will be provided upon written request to: MasTec Legal
Department, 800 S. Douglas Road, 12<SUP style="font-size: 85%; vertical-align: text-top">th</SUP> Floor, Coral Gables, Florida, 33134.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B><I>Other Matters that May Come Before the Annual Meeting</I></B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The Board of Directors does not intend to present, and knows of no others who intend to present, at
the Annual Meeting any matter or business other than that set forth in the accompanying Notice of
Annual Meeting of Shareholders. If other matters are properly brought before the Annual Meeting, it
is the intention of the persons named in the accompanying form of proxy to vote any proxies on such
matters in accordance with their judgment.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">MasTec&#146;s Annual Report on Form 10-K for the year ended December&nbsp;31, 2005 is being mailed or
transmitted with this Proxy Statement to shareholders of record as of April&nbsp;5, 2006. The Form 10-K
does not form any part of the material for the solicitation of proxies.
</DIV>

<TABLE width="100%" border="0" cellspacing="0" cellpadding="0" style="font-size: 10pt">
<TR>
    <TD width="0%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
    <TD width="63%">&nbsp;</TD>
</TR>
<TR>
    <TD valign="top" align="left">&nbsp;</TD>
    <TD colspan="3" align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD colspan="3" style="border-bottom: 1px solid #000000" align="left">/s/ Alberto de Cardenas
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD colspan="3" align="left">Alberto de Cardenas, Secretary&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left"></TD>
    <TD colspan="3" align="left">Coral Gables, Florida<br>April 14, 2006&nbsp;&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>

</TABLE>

<P align="center" style="font-size: 10pt">-24-
</DIV>

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<DIV style="font-family: Helvetica,Arial,sans-serif">


<TABLE width="100%" border="0" cellspacing="0" cellpadding="0" style="font-size: 10pt">
<TR>
    <TD width="48%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
    <TD width="15%">&nbsp;</TD>
</TR>

</TABLE>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><U><B>APPENDIX A</B></U>
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>MasTec, Inc.</B>
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>Audit Committee of the Board of Directors</B>
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>AMENDED AND RESTATED CHARTER</B>
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>(March&nbsp;2006)</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt">1. PURPOSE
</DIV>



<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The Audit Committee (the &#147;Committee&#148;) of the Board of Directors of MasTec, Inc. (the &#147;Company&#148;)
shall assist the Board of Directors (the &#147;Board&#148;) in fulfilling its oversight responsibilities with
respect to: (i)&nbsp;the integrity of the financial reports and other financial information provided by
the Company to the public or any governmental body; (ii)&nbsp;the Company&#146;s compliance with legal and
regulatory requirements; (iii)&nbsp;the Company&#146;s systems of internal controls regarding finance,
accounting and legal compliance; (iv)&nbsp;the qualifications and independence of the Company&#146;s
independent auditors; (v)&nbsp;the performance of the Company&#146;s internal audit function and independent
auditors; (vi)&nbsp;the Company&#146;s auditing, accounting, and financial reporting processes generally; and
(vii)&nbsp;the performance of such other functions as the Board may assign from time to time. To this
end, the Committee will maintain free and open communication with the Board, the independent
auditors, the Company&#146;s internal auditor and any other person responsible for the financial
management of the Company. The Committee will also prepare an audit committee report as required by
the rules of the Securities and Exchange Commission to be included in the Company&#146;s annual proxy
statement. Consistent with its functions, the Committee will encourage continuous improvement of,
and will foster adherence to, the Company&#146;s policies, procedures and practices at all levels.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The Committee will primarily fulfill its responsibilities by carrying out the activities enumerated
in Section&nbsp;5 of this Charter.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">As an oversight body, the Committee does not have responsibility for day-to-day operations and
financial reporting. It is not the responsibility of the Committee to plan or conduct audits or to
determine that the Corporation&#146;s financial statements are complete and accurate and are in
accordance with generally accepted accounting principles; rather, this is the responsibility of
management and the independent auditors.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt">2. COMPOSITION AND ORGANIZATION
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The Committee will consist of three or more directors, each of whom must be independent as
determined in accordance with the standards set forth in the Company&#146;s Board of Directors&#146;
Governance Principles. Members of the Committee shall be appointed by the Board and, unless
otherwise directed by the Board, shall serve one-year terms. Members may be removed by the Board at
any time with or without cause. Upon the removal or resignation of a member, the Board may appoint
a successor to serve the remainder of the unexpired term. The Board will appoint one member of the
Committee as chairperson. If the Board fails to appoint a chairperson, the Committee will appoint
one member of the Committee as chairperson. The Company shall have the power to create
subcommittees with such powers as the Committee shall from time to time confer.
</DIV>

<P align="center" style="font-size: 10pt">A-1
</DIV>

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<DIV style="font-family: Helvetica,Arial,sans-serif">

<DIV align="left" style="font-size: 10pt; margin-top: 12pt">3. QUALIFICATIONS
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Each member of the Committee must be able to read and understand fundamental financial statements,
including the Company&#146;s balance sheet, income statement and cash flow statement. No director may
serve as a member of the Committee if such director serves on the audit committees of more than two
other public companies unless the Nominating and Governance Committee and the Board determine that
such simultaneous service would not impair the ability of such director to effectively serve on the
Committee and such determination is disclosed in the Company&#146;s annual proxy statement. Accordingly:
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&#168; each member of the Committee shall be financially literate, as such qualification is interpreted
by the Board in its business judgment, or must become financially literate within a reasonable
period of time after his or her appointment to the Committee; and
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&#168; at least one member of the Committee must have accounting or related financial management
expertise, as the Board interprets such qualification in its business judgment, in order to meet
the requirements as a &#147;Financial Expert&#148; as defined by the U.S. Securities and Exchange Commission.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt">4. MEETINGS
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The Committee will meet at least four times annually and more frequently as circumstances dictate.
The Committee chairperson will establish the agenda for each Committee meeting. As part of its job
to foster open communication, the Committee will meet at least quarterly with management, the
internal auditor and the independent auditors in separate executive sessions to discuss any matters
that the Committee or any of these groups believe should be discussed privately. In addition, the
Committee will meet with the independent auditors and management quarterly to review the Company&#146;s
financials, consistent with Section&nbsp;5 below.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt">5. RESPONSIBILITIES AND DUTIES
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">To fulfill its responsibilities and duties the Committee will:
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 3%">1. <I>Document / Report Review</I>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 3%">(a)&nbsp;Review this Charter at least annually, update this Charter as necessary and ensure that
this Charter is posted on the Company&#146;s website.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 3%">(b)&nbsp;Review any reports or other financial information submitted to any governmental body, or
the public, including any certification, report, opinion, or review rendered by the
independent auditors.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 3%">(c)&nbsp;Review the regular internal reports to management prepared by the internal auditing
department and management&#146;s response.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 3%">(d)&nbsp;Review with financial management and the independent auditors each Form 10-Q and Form
10-K prior to its filing.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 3%">(e)&nbsp;Obtain and review, at least annually, a report by the independent auditors describing:
(i)&nbsp;the independent auditors&#146; internal quality-control procedures and (ii)&nbsp;any material
issues raised by the most recent internal quality-control review, or peer review, of the
independent auditors, or by any inquiry or investigation by governmental or professional
authorities, within the preceding five years, respecting one or more independent audits
carried out by the independent auditors, and any steps taken to deal with any such issues
and (iii) (to assess the auditor&#146;s independence) all relationships between the independent
auditor and the listed company.
</DIV>

<P align="center" style="font-size: 10pt">A-2
</DIV>

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<DIV style="font-family: Helvetica,Arial,sans-serif">


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 3%">(f)&nbsp;Review a formal written statement submitted by the independent auditors to the Company
at least annually which delineates all relationships between the independent auditors and
their related entities and the Company, consistent with Independence Standards Board
Standard No.&nbsp;1.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 3%">(g)&nbsp;Review a report of the independent auditors prior to the filing of the Form 10-K or the
release of any audited financial statements of the Company with respect to:
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 6%">(i)&nbsp;all critical accounting policies and practices used;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 6%">(ii)&nbsp;all alternative treatments of financial information within generally accepted
accounting principles (GAAP)&nbsp;that have been discussed with management, ramifications
of the use of such alternative disclosures and treatments, and the treatment
preferred by the independent auditor; and
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 6%">(iii)&nbsp;other material written communications between the independent auditors and
management, such as any management letter or schedule of unadjusted differences.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 3%">(h)&nbsp;Review with management, including both the Chief Executive Officer and Chief Financial
Officer: (i)&nbsp;on a quarterly basis, the report of the Disclosure Controls Committee and the
internal control system, and (ii)&nbsp;on an annual basis, the internal control report to be
filed with the Company&#146;s annual report on Form 10-K.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 3%">(i)&nbsp;Prepare (or cause to be prepared) the report of the Committee to be included in the
Company&#146;s annual proxy statement.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 3%">2. <I>Independent Auditors and Other Advisors</I>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 3%">(a)&nbsp;Have sole authority, without Board action, to select, retain and hire the independent
auditors, considering independence and effectiveness. On an annual basis, the Committee
should review and discuss with the independent auditors all relationships the independent
auditors and their related entities have with the Company to determine the independent
auditors&#146; objectivity and independence, consistent with Independence Standards Board
Standard No.&nbsp;1.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 3%">(b)&nbsp;Have sole authority, without Board action, to approve the independent auditors&#146; fees.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 3%">(c)&nbsp;Have sole authority, without Board action, to approve all audit and non-audit services
provided by the independent auditors, prior to the Company&#146;s receipt of such services. All
approved non-audit services shall be disclosed in the Company&#146;s proxy statement.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 3%">(d)&nbsp;Review and evaluate the qualifications, performance and independence of the independent
auditors; when circumstances warrant, discharge the independent auditors. The independent
auditors will be accountable to the Board and the Committee, as representatives of the
shareholders of the Company.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 3%">(e)&nbsp;Periodically consult with the independent auditors out of the presence of management
about internal controls and the fullness and accuracy of the Company&#146;s financial statements.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 3%">(f)&nbsp;Have sole authority, without Board action, to set clear hiring policies for employees or
former employees of the independent auditors, including the requirement that no person be
hired as Chief Executive Officer, Chief Financial Officer, Controller, Chief Accounting
Officer or any other financial reporting oversight role if such person was employed by the
independent auditors and participated in any capacity in the audit of the Company during the
one year period preceding the date of initiation of such audit.
</DIV>

<P align="center" style="font-size: 10pt">A-3
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 3%">(g)&nbsp;Have sole authority, without Board action, to hire and determine the fees and other
retention terms for legal, accounting and other advisors to the Committee as it sees fit.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 3%">3. <I>Financial Reporting Processes</I>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 3%">(a)&nbsp;Meet to review and discuss the annual audited financial statements and quarterly
financial statements with management, the internal auditor and the independent auditors,
including the Company&#146;s disclosures under &#147;Management&#146;s Discussion and Analysis of Financial
Condition and Results of Operation.&#148;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 3%">(b)&nbsp;Discuss earnings press releases, as well as financial information and earnings guidance
provided to analysts and rating agencies.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 3%">(c)&nbsp;In consultation with the independent auditors and the internal auditor, review the
integrity of the Company&#146;s internal and external financial reporting processes.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 3%">(d)&nbsp;Consider the independent auditors&#146; judgments about the quality and appropriateness of
the Company&#146;s accounting principles as applied in its financial reporting.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 3%">(e)&nbsp;Consider and approve, if appropriate, major changes to the Company&#146;s accounting
principles and practices as suggested by the independent auditors, management or the
internal auditing department.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 3%">4. <I>Process Improvement</I>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 3%">(a)&nbsp;Establish regular and separate systems of reporting to the Committee by each of
management, the independent auditors and the internal auditor regarding any significant
judgments made in management&#146;s preparation of the financial statements and the view of each
as to appropriateness of such judgments.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 3%">(b)&nbsp;Following completion of the annual audit, review separately with each of management, the
independent auditors and the internal auditing department any problems or difficulties
encountered during the course of the audit, including any restrictions on the scope of work
or access to required information, and management&#146;s response to the problems or
difficulties.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 3%">(c)&nbsp;Review any significant disagreement between management and the independent auditors or
the internal auditing department in connection with the preparation of the financial
statements.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 3%">(d)&nbsp;Review with the independent auditors, the internal auditing department and management
the extent to which changes or improvements in financial or accounting practices, as
approved by the Committee, have been implemented.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 3%">(e)&nbsp;Report to the Board on a regular basis and forward copies of the minutes of all meetings
to the Board.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 3%">(f)&nbsp;Establish procedures for: (i)&nbsp;the receipt, retention and treatment of complaints
received by the Company regarding accounting, internal accounting controls or audit matters;
and (ii)&nbsp;the confidential anonymous submission by employees of concerns regarding accounting
or auditing matters.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 3%">(g)&nbsp;Annually review and evaluate the performance of the Committee.
</DIV>

<P align="center" style="font-size: 10pt">A-4
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 3%">5. <I>Legal Compliance</I>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 3%">(a)&nbsp;Review activities, organizational structure, and qualifications of the internal audit
department.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 3%">(b)&nbsp;Review, with the Company&#146;s counsel, any legal matter that could have a significant
impact on the Company&#146;s financial statements and compliance programs and policies.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 3%">(c)&nbsp;Review and discuss the Company&#146;s risk assessment and risk management policies.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 3%">(d)&nbsp;Review and approve all related party transactions.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 3%">(e)&nbsp;Perform any other activities consistent with this Charter, the Company&#146;s Bylaws and
governing law, as the Committee or the Board deems necessary or appropriate.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 3%">6. <I>Internal Audit Department</I>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 3%">(a)&nbsp;Have sole authority, without Board action, to select and hire the director of internal
audit and internal auditors, considering independence and effectiveness. On an annual basis,
the Committee should review and discuss with the internal audit department its objectivity
and independence.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 3%">(b)&nbsp;Have sole authority, without Board action, to approve the internal audit department&#146;s
fees and expenses.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 3%">(c)&nbsp;Have sole authority, without Board action, to approve the internal audit plan.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 3%">(d)&nbsp;Periodically consult with the internal audit department out of the presence of
management about internal controls and the fullness and accuracy of the Company&#146;s financial
statements.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 3%">(e)&nbsp;Have sole authority over the internal audit department.
</DIV>


<P align="center" style="font-size: 10pt">A-5
</DIV>


<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>
<DIV style="font-family: Helvetica,Arial,sans-serif">




<P align="left"><B><IMG SRC="g00841g0084101.gif"></B>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B><I>800
S. Douglas ROAD, 12<sup>th</SUP> FLOOR<BR>
CORAL GABLES, FL 33134</I></B>

</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>VOTE BY INTERNET &#151; </B><U><B>www.proxyvote.com</B></U><br>
Use the Internet to transmit your voting
instructions and for electronic delivery
of information up until 11:59&nbsp;P.M.
Eastern Time the day before the cut-off
date or meeting date, whichever comes
first. Have your proxy card in hand when
you access the web site and follow the
instructions to obtain your records and
to create an electronic voting
instruction form.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>ELECTRONIC DELIVERY OF FUTURE SHAREHOLDER
COMMUNICATIONS</B><br>
If you would like to reduce the costs
incurred by MasTec, Inc. in mailing
proxy materials, you can consent to
receiving all future proxystatements,
proxy cards and annual reports
electronically via e-mail or the
Internet. To sign up for electronic
delivery, please follow the instructions
above to vote using the Internet and,
when prompted, indicate that you agree
to receive or access shareholder
communications electronically in future
years.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>VOTE BY PHONE &#151; 1-800-690-6903</B><br>
Use any touch-tone telephone to transmit
your voting instructions up until 11:59
P.M. Eastern Time the day before the
cut-off date or meeting date, whichever
comes first. Have your proxy card in
hand when you call and then follow the
instructions.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>VOTE BY MAIL &#151;</B><br>
Mark, sign, and date your proxy card and
return it in the postage-paid envelope
we have provided or return it to MasTec,
Inc., c/o ADP, 51 Mercedes Way,
Edgewood, NY 11717.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt">TO VOTE, MARK BLOCKS IN BLUE OR BLACK INK MASTEC KEEP THIS PORTION FOR YOUR RECORDS
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>THIS PROXY CARD IS VALID ONLY WHEN SIGNED AND DATED </B>DETACH AND RETURN THIS PORTION ONLY
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>MasTec, Inc.</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">(1)&nbsp;Election of four (4)&nbsp;Directors as described in the Proxy Statement of
the Board of Directors. The Board of Directors recommends a vote <U>FOR ALL</U>
nominees listed below.
</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="80%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="30%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="30%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="30%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD align="center" valign="top"><B>For<BR>
All</B>
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top"><B>Withhold<BR>
All</B>
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top"><B>For All<BR>
Except</B></TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><FONT style="font-family: Wingdings">&#168;</FONT>
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top"><FONT style="font-family: Wingdings">&#168;</FONT>
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top"><FONT style="font-family: Wingdings">&#168;</FONT></TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The nominee for Class&nbsp;I Director is:<BR>
01) Ernst N. Csiszar

</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">To withhold authority to vote, mark &#147;For All Except&#148; and write the nominee&#146;s name on the line below:
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;
</div>
_____________________________________________________

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The nominees for Class&nbsp;II Directors are:
02) Carlos M. de Cespedes, 03) Austin J. Shanfelter,
04) John Van Heuvelen
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">(2)&nbsp;In the Proxies&#146; discretion, upon any other business that may properly be presented at the Annual Meeting or any adjournments or postponements thereof.
</div>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Receipt of the Notice and Proxy Statement for the 2006 Annual Meeting of
Shareholders and MasTec&#146;s Annual Report on Form 10-K for the year ended December
31, 2005 is acknowledged.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">(Please sign exactly as your name or names appear on this proxy. When signing
as executor, guardian, trustee, joint owners, agent, authorized representative
or a corporate owner, or other representative, please give your full title as
such.)
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;
</div>
______________________________&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
__________________________
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Signature &#091;PLEASE SIGN WITHIN BOX&#093; Date&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Signature (Joint Owners) Date
</DIV>

<P align="center" style="font-size: 10pt">&nbsp;
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>PROXY FOR 2006 ANNUAL MEETING OF SHAREHOLDERS<BR>
SOLICITED BY THE BOARD OF DIRECTORS OF MASTEC, INC.</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The undersigned hereby constitutes and appoints Alberto de Cardenas and Cristina Canales (the &#147;Proxies&#148;), or any one of them, each with full power of substitution, attorneys and proxies for the undersigned, to vote all shares of common stock of
MasTec, Inc. (&#147;MasTec&#148;) that the undersigned would be entitled to vote at the 2006 Annual Meeting of Shareholders to be held at the Douglas Entrance Annex Building, 3rd Floor Archroom, 800 S. Douglas Road, Coral Gables, Florida 33134, at 9:30 a.m. on
Thursday, May&nbsp;18, 2006, or any adjournments or postponements thereof, on all matters properly coming before the Annual Meeting, including, but not limited to, the matters stated on the reverse side.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">If shares of MasTec common stock are issued to or held for the account of the undersigned under the MasTec 401(k) Retirement Plan (the &#147;Plan&#148;), then the undersigned hereby directs the Trustee of the Plan to vote all shares of MasTec common stock in the
undersigned&#146;s name and/or account under the Plan in accordance with the instructions given herein, at the Annual Meeting and at any adjournments or postponements thereof, on all matters properly coming before the Annual Meeting, including, but not limited
to, the matters stated on the reverse side.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>ANY PROPER PROXY RECEIVED BY MASTEC AS TO WHICH NO CHOICE HAS BEEN INDICATED WILL BE VOTED BY THE PROXIES &#147;FOR ALL&#148; THE NOMINEES SET FORTH ON THE REVERSE SIDE AND IN ACCORDANCE WITH THE RECOMMENDATION OF MASTEC&#146;S BOARD OF DIRECTORS ON ANY OTHER MATTER
PROPERLY BROUGHT BEFORE THE ANNUAL MEETING, YOUR PROXY CANNOT BE VOTED UNLESS YOU SIGN, DATE AND RETURN THIS CARD OR FOLLOW THE INSTRUCTIONS FOR INTERNET OR TELEPHONE VOTING SET FORTH ON THE REVERSE SIDE.</B>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt">(Continued and to be signed on reverse)
</DIV>



<P align="center" style="font-size: 10pt">&nbsp;
</DIV>


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`
end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----
