KEY STAKEHOLDERS

The initial and current shareholdings for the concession are shown below.

•  The Province of Ontario government was responsible for the procurement.

•  The shareholders of concessionaire-407 Express Toll Route (ETR) Ontario-have gone through a number of sales and disposals. The table below shows the initial and current shareholding structure.

Concessionaire*

Initial share (%)

Current share (%)

CINTRA

58.46

53.23

SNC

26.92

16.77

Grupo Ferrovial

14.62

-

Macquarie Infrastructure Group

-

30.00

*  In October, 2009, CINTRA and Grupo Ferrovial merged to create Ferrovial.

All of the shareholders are experienced infrastructure investors.