Alfredo Zamarriego – Executive Director

1. L:\CFD Coverage Groups\LN_CFD_Transportation\Group Only\Sector - Transport Infrastructure\Credentials\Bios\Alfredo Zamarriego CV.ppt\A2XP\15 FEB 2005\4:02 PM\2 Alfredo Zamarriego – Executive Director • Qualifications • Alfredo Zamarriego is Co-Head of the European Transport and Infrastructure Group. Alfredo joined Morgan Stanley in February 2000 and has been involved in the execution of a large number of M&A and capital market transactions in Europe. • Selected Transactions • Deutsche Bahn (privatisation -on-going), Mersey Docks (financing, -on-going), Autostrade (capital markets), Transport for London (bond financing), BSF PFI UK programme (advisory), National Toll Road (private placement), ISPA (bond financing for high speed train network in Italy), Iberdrola (defence, M&A), Acesa (M&A), Iberpistas (M&A), Fomento de Construcciones y Contratas (merger), Indice Multimedia (M&A) and Entrecanales (merger). • Education • 1992: ICADE University (Madrid) - MSc (Hons) in Law • 1993: ICADE University (Madrid) - MSc (Hons) in Economics and Business • Professional Career • 1993 - 1998: Bankers Trust – European M&A Group • 1998 - 2000: Lehman Brothers – Corporate Finance Division • 2000 - Today: Morgan Stanley – Transport and Infrastructure Group • Name: Alfredo Zamarriego • Position: Executive Director • Co-Head, Transport and Infrastructure Group • Date of birth: 5 June 1969 • Years with Morgan Stanley: 5 • Nationality: Spanish 1