CEMEX Reaches Agreement on the Sale of Austrian and Hungarian Operations

MONTERREY, Mexico--(Business Wire)--
CEMEX, S.A.B. de C.V. (NYSE: CX), announced today that it has
reached an agreement to sell its Austrian and Hungarian operations to
Strabag SE, one of Europe's leading construction and building
materials groups, for EUR 310 million Euros (approximately US$485
million dollars). Closing of the transaction is subject to approval
from regulatory authorities and Strabag's supervisory board.

Proceeds from the sale will be used to reduce debt.

Morgan Stanley acted as financial advisor to CEMEX in this
transaction.

CEMEX is a growing 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. Should one or more of these risks
or uncertainties materialize, or should underlying assumptions prove
incorrect, actual results may vary materially from those described
herein. CEMEX assumes no obligation to update or correct the
information contained in this press release.

CEMEX
Media Relations
Jorge Perez, (52-81) 8888-4334
or
Investor Relations
Eduardo Rendon, (52-81) 8888-4256
or
Analyst Relations
Luis Garza, (52-81) 8888-4136

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