CEMEX Announces Exercise of Over-Allotment Options in Global Offering

CEMEX, S.A.B. de C.V. (NYSE:CX) announced today that the underwriters of its previously announced global offering have notified it that they intend to exercise their over-allotment options in full and will purchase an additional 195,000,000 Ordinary Participation Certificates (CPOs). Of the total, 146,250,000 CPOs will be purchased in the form of American Depositary Shares (ADSs), with each ADS comprised of 10 CPOs, for resale in the United States and elsewhere outside of Mexico, and 48,750,000 CPOs will be purchased for resale in Mexico.

The additional CPOs will be sold at the same public offering prices as the global public offering of US$12.50 per ADS and MXP16.65 per CPO.

The estimated aggregate net proceeds from the global offering, including proceeds from the exercise of the over-allotment options, are expected to be approximately US$ 1.782 billion. CEMEX intends to use the net proceeds from the global offering to pay down debt as required by the financing agreement recently entered into with its creditors.

J.P. Morgan, Citi, Santander Investment and BBVA are acting as global coordinators for the global offering. J.P. Morgan, Citi, Santander Investment, BBVA, BNP Paribas, HSBC and RBS are acting as joint bookrunning managers on the international offering. Acciones y Valores Banamex Casa de Bolsa, J.P. Morgan Casa de Bolsa, Casa de Bolsa BBVA Bancomer, Santander Casa de Bolsa and HSBC Casa de Bolsa are acting as bookrunning managers for the Mexican offering.

A registration statement relating to the securities has been filed with the U.S. Securities and Exchange Commission and is effective. A Spanish language prospectus related to the Mexican offering has been filed with, and approved for use by, the Comision Nacional Bancaria y de Valores (Mexican securities authority).

This announcement shall not constitute an offer to sell or the solicitation of an offer to buy the securities, nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

Copies of the final international prospectus may be obtained from the prospectus departments of:

J.P. Morgan Securities Inc., 4 Chase Metrotech Center, CS Level, Brooklyn, NY 11245, Attention: Prospectus Library, Tel: (718) 242-8002

Citigroup Global Markets Inc., Brooklyn Army Terminal, 140 58th Street, 8th floor, Brooklyn, NY 11220, Tel: (718) 765-6732

Santander Investment, Equity Capital Markets, 45 East 53rd Street, 12th floor, New York, NY 10022, Tel: (212) 407-0963, Attention. Elias Ehrlich

Banco Bilbao Vizcaya Argentaria, S.A, Via de los Poblados s/n, 28033 Madrid, Attention: ECM Department, Tel: (34 91) 537-9337

BNP Paribas Equity Syndicate, 16 avenue de Matignon, 75008, Paris, France

HSBC, Attention: Prospectus Dept., 452 Fifth Avenue, New York, NY 10018, Tel: (866) 811-8049

RBS Securities Inc., 600 Washington Blvd., Stamford, CT 06901, Attention: Prospectus Library, Tel: (203) 897-9874

Copies of the final Mexican prospectus may be obtained from the prospectus departments of:

Acciones y Valores Banamex Casa de Bolsa Paseo de la Reforma 398 -- 4deg piso, Col. Juarez, 06600 D.F., Mexico, Attention: J Antonio Espindola / Santiago Guzman, Equity Capital Markets

J.P. Morgan Casa de Bolsa, Av Paseo de las Palmas 405, Col Lomas de Chapultepec, piso 16, 11000, D.F., Mexico, Attention: Ricardo Carvallo, Tel: 52 (55) 5540-9361

Casa de Bolsa BBVA Bancomer, Montes Urales 620 2 floor, Col. Lomas de Chapultepec 11000, D.F., Mexico, Attention: Banca de Inversion/ECM Mexico, Tel: 52 (55) 5201-2069

Santander Casa de Bolsa, Equity Capital Markets, Prol. Paseo de la Reforma, #500 Modulo 109, Col. Lomas de Santa Fe, Alvaro Obregon, 01219, DF, Mexico, Tel: 52 (55) 5269-1819, Attention: Roberto Baena

HSBC Casa de Bolsa, Attention: Luis A Hernandez, Tesoreria HSBC, Av Paseo de la Reforma 347, Piso 15, Col Cuauhtemoc 06500, D.F, Mexico,

CEMEX is a global building materials company that provides high-quality products and reliable service to customers and communities in more than 50 countries throughout the world. CEMEX has a rich history of improving the well-being of those it serves through its efforts to pursue innovative industry solutions and efficiency advancements and to promote a sustainable future. For more information, visit www.cemex.com.

This press release contains forward-looking statements and information that are necessarily subject to risks, uncertainties, and assumptions. Many factors could cause the actual results, performance, or achievements of CEMEX to be materially different from those expressed or implied in this release, including, among others, changes in general economic, political, governmental and business conditions globally and in the countries in which CEMEX does business, changes in interest rates, changes in inflation rates, changes in exchange rates, the level of construction generally, changes in cement demand and prices, changes in raw material and energy prices, changes in business strategy, and various other factors. CEMEX assumes no obligation to update or correct the information contained in this press release.

SOURCE: CEMEX, S.A.B. de C.V.

CEMEX, S.A.B. de C.V. 
Media Relations: 
Jorge Perez, (52-81) 8888-4334 
Investor Relations: 
Eduardo Rendon, (52-81) 8888-4256 
Analyst Relations: 
Luis Garza, (52-81) 8888-4136

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