Analyst recommendations

Disclaimer: Aena S.M.E., S.A. ("Aena") is analyzed by the firms and analysts included in this list. This list may not be exhaustive and is subject to changes. It is important to clarify that any information, estimation, prediction, opinion, conclusion or recommendation regarding Aena made by these analysts belong to the latter and do not represent those of Aena or its management team. Under no circumstances should it be understood, by providing the list of analysts included above or by providing information, estimations, predictions, opinions, conclusions or recommendations made by such analysts, that Aena ratifies or agrees with the these.

*Aena posts an average of the Target Prices published by the firms and analysts detailed above that have issued/updated investment recommendations in the last nine months.