Conversion into definitive securities of KSV AE to KSV AE

NOTICE N.º 0321/11

We hereby inform that the shares representing a part of the increase of the share capital from 394.152.216,00 to 490.253.436,00 EUR, of SACYR Vallehermoso, S.A., registered under the code KSV8AE--R, took the code KSV AE.

INTERBOLSA, 3^rd March, 2011