CEMEX Announces Offering of Senior Secured Notes

MONTERREY, Mexico–(BUSINESS WIRE)–$CEMEX #CEMEX–CEMEX, S.A.B. de C.V. (“CEMEX”) (NYSE: CX) announced today its intention
to offer senior secured notes denominated in Euros (the “Notes”),
subject to market and other conditions.

CEMEX intends to use the net proceeds from the offering of the Notes to
fund the redemption of all or a portion of (i) U.S.$610,660,000
outstanding aggregate principal amount of the 6.500% Senior Secured
Notes due 2019 (the “December 2019 U.S. Dollar Notes”) issued by CEMEX
on August 12, 2013, and/or (ii) €400,000,000 outstanding aggregate
principal amount of the 4.750% Senior Secured Notes due 2022 (the
“January 2022 Euro Notes”) issued by CEMEX on September 11, 2014, and
the remainder, if any, for general corporate purposes, including to
repay other indebtedness, all in accordance with CEMEX’s facilities
agreement, dated as of July 19, 2017 (the “2017 Credit Agreement”),
entered into with several financial institutions. Pending such
application, proceeds may also be applied to temporarily reduce amounts
outstanding under the revolving credit facility tranche of the 2017
Credit Agreement or short-term bilateral facilities.

The December 2019 U.S. Dollar Notes are redeemable at the option of
CEMEX on and after December 10, 2017, at a redemption price of 103.250%
of the principal amount thereof, plus accrued and unpaid interest
through the redemption date, and the January 2022 Euro Notes are
redeemable at the option of CEMEX on and after January 11, 2018, at a
redemption price of 102.375% of the principal amount thereof, plus
accrued and unpaid interest through the redemption date.

The Notes would share in the collateral pledged for the benefit of the
lenders under the 2017 Credit Agreement and other secured obligations
having the benefit of such collateral, and would be guaranteed by CEMEX
México, S.A. de C.V., CEMEX Concretos, S.A. de C.V., Empresas Tolteca de
México, S.A. de C.V., New Sunward Holding B.V., CEMEX España, S.A.,
Cemex Asia B.V., CEMEX Finance LLC, CEMEX Corp., Cemex Egyptian
Investments B.V., CEMEX France Gestion (S.A.S.), Cemex Research Group AG
and CEMEX UK.

This release is neither an offer to purchase nor a solicitation of an
offer to sell or buy any securities of CEMEX in any transaction.

The Notes and the guarantees thereof have not been and will not be
registered under the U.S. Securities Act of 1933, as amended (the
“Securities Act”), or any state securities laws, and they may not be
offered or sold in the United States absent registration or an
applicable exemption from the registration requirements of the
Securities Act. The Notes will be offered only to qualified
institutional buyers pursuant to Rule 144A and outside the United States
pursuant to Regulation S, both as promulgated under the Securities Act.

THE NOTES HAVE NOT BEEN AND WILL NOT BE REGISTERED WITH THE NATIONAL
SECURITIES REGISTRY (REGISTRO NACIONAL DE VALORES), MAINTAINED BY
THE MEXICAN NATIONAL BANKING AND SECURITIES COMMISSION (COMISIÓN
NACIONAL BANCARIA Y DE VALORES, OR CNBV), AND THEREFORE MAY NOT BE
OFFERED OR SOLD PUBLICLY IN MEXICO, EXCEPT THAT THE NOTES MAY BE OFFERED
AND SOLD IN MEXICO, PURSUANT TO THE PRIVATE PLACEMENT EXEMPTION SET
FORTH IN ARTICLE 8 OF THE MEXICAN SECURITIES MARKET LAW (LEY DEL
MERCADO DE VALORES), TO INSTITUTIONAL AND QUALIFIED INVESTORS
AS DEFINED UNDER MEXICAN LAW AND RULES THEREUNDER. UPON THE ISSUANCE OF
THE NOTES, WE WILL NOTIFY THE CNBV OF THE ISSUANCE OF THE NOTES,
INCLUDING THE PRINCIPAL CHARACTERISTICS OF THE NOTES AND THE OFFERING OF
THE NOTES OUTSIDE MEXICO. SUCH NOTICE WILL BE SUBMITTED TO THE CNBV TO
COMPLY WITH ARTICLE 7, SECOND PARAGRAPH OF THE MEXICAN SECURITIES MARKET
LAW AND FOR STATISTICAL AND INFORMATION PURPOSES ONLY, AND THE DELIVERY
TO AND THE RECEIPT BY THE CNBV OF SUCH NOTICE, DOES NOT CONSTITUTE OR
IMPLY ANY CERTIFICATION AS TO THE INVESTMENT QUALITY OF THE NOTES OR OF
OUR SOLVENCY, LIQUIDITY OR CREDIT QUALITY OR THE ACCURACY OR
COMPLETENESS OF THE INFORMATION SET FORTH IN DOCUMENTS USED FOR THE
OFFERING. THE INFORMATION CONTAINED IN THE DOCUMENTS USED FOR THE
OFFERING OF THE NOTES IS THE EXCLUSIVE RESPONSIBILITY OF CEMEX AND HAS
NOT BEEN REVIEWED OR AUTHORIZED BY THE CNBV.

This press release contains forward-looking statements and
information that are necessarily subject to risks, uncertainties, and
assumptions. No assurance can be given that the transactions described
herein will be consummated or as to the ultimate terms of any such
transactions. CEMEX assumes no obligation to update or correct the
information contained in this press release.

Contacts

CEMEX, S.A.B. de C.V.
Media Relations:
Jorge Perez, +52(81)
8888-4334
[email protected]
or
Investor
Relations:
Eduardo Rendon, +52(81) 8888-4256
[email protected]
or
Analyst
Relations:
Lucy Rodriguez, +1 (212) 317-6007
[email protected]