CEMEX Decides Not to Pursue Capital Increase Proposal as Previously Announced, at Upcoming Extraordinary Shareholders Meeting

MONTERREY, Mexico–(BUSINESS WIRE)–$CEMEX #CEMEX–CEMEX, S.A.B. de C.V. (“CEMEX”) (NYSE: CX) announced today that it will
not pursue the proposal to authorize an up to 3.75bn CPOs capital
increase at the extraordinary general shareholders meeting scheduled to
take place on April 5, 2018, as had previously been announced.

This decision follows discussions with a wide range of CEMEX
shareholders and reflects the feedback received.

“As we discussed on CEMEX Day, our management team’s priority is to
achieve an investment grade capital structure, as the foundation of our
value creation strategy” said CEO Fernando Gonzalez. “We are highly
focused on our long-term strategic objective of maximizing shareholder
value. After listening to the feedback from our shareholders, we have
decided not to pursue the 3.75bn CPO capital increase that had been
proposed. We will continue focusing on implementing our stated strategy.”

The decision demonstrates management’s commitment to maintaining a
constructive and responsive dialogue with our investors. CEMEX’s board
of directors and management are highly focused on accountability to
shareholders and on creating long term shareholder value.

In order to implement this change, and taking into account the
applicable legal framework, CEMEX will place a cap on the proposal at
its extraordinary general shareholders meeting, such that if the
proposal is approved, any share issuance pursuant to the approval will
be limited to no more than 1% of CEMEX’s currently outstanding shares.

CEMEX is a global building materials company that provides high-quality
products and reliable services to customers and communities in more than
50 countries. CEMEX has a rich history of improving the well-being of
those it serves through innovative building solutions, efficiency
advancements, and efforts to promote a sustainable future.

For more information, please visit: www.cemex.com.

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 final 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
mr@cemex.com
or
Investor
Relations
Eduardo Rendon, +52(81) 8888-4256
ir@cemex.com
or
Analyst
Relations
Lucy Rodriguez, +1(212) 317-6007
ir@cemex.com