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CEMEX Announces Acceptance For Purchase Of U.S. $925 Million Of 9.50% Notes Due 2016 And Early Settlement Of Tender Offer

Holders of Notes that validly tendered on or prior to the Early Tender Date and whose Notes have been accepted for purchase are entitled to receive U.S.$1,075 per U.S.$1,000 principal amount of Notes accepted for purchase, which includes an early tender payment equal to U.S.$30 per U.S.$1,000 principal amount of Notes accepted for purchase. Holders who validly tendered on or prior to the Early Tender Date and whose Notes have been accepted for purchase will also receive accrued and unpaid interest on their accepted Notes from the last interest payment date to, but not including, the early settlement date. The total cash payment to purchase the Notes will be approximately U.S.$1.01 billion. Notes that have been validly tendered cannot be withdrawn, except as may be required by applicable law.

HSBC Securities (USA) Inc. and J.P. Morgan Securities LLC acted as Dealer Managers for the tender offer. The Information Agent and Tender Agent for the tender offer was D.F. King & Co., Inc.

This release is neither an offer to purchase nor a solicitation of an offer to sell any securities, including the Notes. The tender offer is being made pursuant to the offer to purchase and the related letter of transmittal, copies of which were delivered to holders of the Notes, and which set forth the complete terms and conditions of the tender offer.

Neither the offer to purchase nor any related documents have been filed with, and have not been approved or reviewed by any federal or state securities commission or regulatory authority of any country. No authority has passed upon the accuracy or adequacy of the offer to purchase or any related documents, and it is unlawful and may be a criminal offense to make any representation to the contrary.

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.

Copyright Business Wire 2010
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