Project success once again in Spain:

The Madrid-Valencia high-speed line to be equipped with RHEDA 2000 ®.

Neumarkt, Germany, 14 October 2008 – As part of a contract from the Spanish railway authority ADIF, RAIL.ONE Group will deliver approximately 120,000 concrete sleepers for construction of the high-speed line between Madrid and Valencia. Along the total line length of around 430 km, RAIL.ONE will equip 14 tunnels with the RHEDA 2000® ballastless track system. The company will additionally deliver special concrete sleepers required for the transition zones between ballasted and ballastless track sections. RAIL.ONE will deliver the first concrete sleepers to the construction site already in October of this year. The Madrid-Valencia line, scheduled for completion in late 2010, will reduce the travel time between the two cities from 3.5 to 2 hours. Production of the bi-block sleepers for the RHEDA 2000® system will take place in the Spanish plant in Toro, around 200 km north of Madrid. In addition, a large share of the mono-block sleepers for the transition zones will come from the plant in Constantí. Since 1994, this plant has been operated together with the Spanish construction company COMSA.

For RAIL.ONE Group, the Iberian peninsula is an essential market with attractive growth potential. According to the plans of the Spanish government, the infrastructure of the country will undergo thorough modernization – with the railway sector playing a major role in the investment offensive. By 2020, a total of 120 billion euros is scheduled for investment in expansion of railway transport in the country. With yet another contract for delivery of the track system for the Madrid-Valencia line, RAIL.ONE can further expand its market position. Over 100,000 RHEDA 2000® sleepers have already been delivered for new construction of the Guadarrama Tunnel on the mainline between Madrid and Valladolid. In addition, the company has likewise equipped more than 15 km of line with its patented track system, as part of the Eje Atlantico projects.

About the PCM RAILONE Group

The PCM RAILONE Group has been manufacturing concrete sleepers and track systems for urban transit and long-distance rail transportation for over 60 years. The technology leader also offers its expertise in the fields of engineering and plant construction. Its customer-driven innovations fulfill the highest quality standards and are installed around the world

The PCM RAILONE Group is comprised of several companies and eleven production facilities with a presence in Germany, Romania, Saudi Arabia, Spain, South Korea, Hungary, Turkey, the United States, Canada and lndia. lt maintains annual capacities of over 5 million track sleepers and 840,000 linear meters of turnout sleepers. RAILONE produces optimized products and custom solutions with over 550 employees around the world.