Investor Presentaiton

A clear and protective legal framework VINCI → The concession contracts and their amendments define the overall contractual framework and the concessionaire's responsibilities... Finance, design and build the structures under concession and related facilities Respect opening deadlines for the sections under concession ■ Operate and maintain the network . and, in counterpart, the contracts define the minimum toll increases. ■ The master plans, five-year 'road maps', specify: ■The detailed schedule of network upgrade investments ■ Operational quality targets (maintenance, customer service, etc.) ■The formula for toll increases over and above the minimum increase Specific legal structure for changes in tax regime relating to motorway infrastructure has been consistently respected and applied: ■ 2009: attempted increase in right-of-way tax (redevance domaniale) abandoned ■2011: 100% compensation for increase in infrastructure tax (taxe d'aménagement du territoire) 42

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