Corporate Headquarters
(management holding company)

Control level (corporate centers):

Procurement, Controlling, Finance/Investor Relations, Human Resources, Accounting, Legal, Auditing, Tax, Corporate Development, Corporate Communications, Insurance Management

Service level:

Personnel Management Center Europe, Service Center (services provided by corporate centers for operating segments), OSHEP competence center for occupational safety, health and environmental protection

HOCHTIEF Insurance Broking and Risk Management Solutions:

The insurance broking company insures project risks across the Group over the life cycle of infrastructure projects, properties and facilities. Our clients as well as owners and end users are also insured against risks such as fire and breakdown through HOCHTIEF Insurance policies on a project-specific basis. The company also manages the Group's own reinsurers.

HOCHTIEF ViCon

This company markets HOCHTIEF's expertise in the area of virtual planning and construction site workflows. In this process, all aspects of a building, facility or infrastructure project – such as technology, costs, timing and trades involved – are captured and a digital model of the building is created. With the help of ViCon, all those involved in the planning receive process-enhancing information over the entire project life cycle.

HOCHTIEF Airport Division

HOCHTIEF AirPort is among the leading international independent airport management companies. Its business portfolio now includes interests in Athens, Budapest, D�sseldorf, Hamburg, Sydney and Tirana airports. These six airports handled a combined total of around 88.7 million passengers in 2007.

HOCHTIEF AirPort is special among airport management companies, blending proven practical expertise in operational and commercial airport management with innovative financing methods. As a shareholder, HOCHTIEF AirPort actively enhances the businesses it invests in and furthers their development. Closely coupled knowledge in aviation, non-aviation, master planning and financing disciplines ensures an integrated approach to airport operation. HOCHTIEF AirPort additionally markets its knowledge as an independent consultancy and transaction manager.

Paving the way for further profitable growth, HOCHTIEF AirPort teamed up with major investors in 2005 to establish HOCHTIEF AirPort Capital. The portfolio is to be expanded on a targeted basis with the emphasis on longterm investments.

HOCHTIEF Development Division

HOCHTIEF Development's businesses specialize in construction-related services for infrastructure projects, buildings and facilities.

HOCHTIEF PPP Solutions designs, finances, builds and operates infrastructure projects in the public building and transportation sectors on a public-private partnership basis.

HOCHTIEF Projektentwicklung provides integrated planning, development and marketing of large real estate projects such as hotel, office and residential buildings, urban developments and retail, logistics and transportation buildings across Europe. A major acquisition in the year under review – aurelis Real Estate – secured the company access to further attractive properties.

HOCHTIEF Property Management was launched in July 2007. Among the leading providers in the industry, the company manages real estate in a fiduciary capacity on behalf of investors to optimize their ROI. HOCHTIEF Property Management benefits from the asset management expertise of Deutsche Bau- und Siedlungs-Gesellschaft, which boasts many years' experience in managing and marketing large real estate portfolios.

HOCHTIEF Facility Management is a leading provider of facility management services in Europe. The company applies its integrated approach to buildings, properties, processes and facilities in a variety of industries.

Launched in 2007, HOCHTIEF Energy Management performs energy contracting in complement to the services of HOCHTIEF Facility Management. As one of the leading providers in this field in Germany, the company, for example, commits to supplying customers with energy at fixed prices or guarantees specific savings over a multi-year period.

The Company at a Glance in 2007