CEMEX Presents Plan to Refinance Bank Debt

MONTERREY, Mexico--(Business Wire)--
CEMEX, S.A.B. de C.V. (NYSE: CX), announced today that it continues to make
significant progress with its core banks who represent a majority of the
Company`s outstanding bank debt. As a result of these discussions, CEMEX is
presenting its proposal to the Company`s full syndicate of banks in two
meetings, the first of which was held in New York on June 29 with the second
scheduled for Madrid on July 1.

The key component of the proposed refinancing plan is a revised maturity
schedule on a new facility encompassing U.S. $14.5 billion in bank debt that
would run through February 2014. This revised schedule would shift 2009-2011
maturities substantially into the future.

Combined with the divestment of non-strategic assets, ongoing cost-reduction
initiatives and the ability to access the capital markets, CEMEX expects that,
when completed, the refinancing will contribute to a significant strengthening
of the Company`s capital structure.

"CEMEX is working to finalize the terms of a comprehensive refinancing plan with
all our banks that would provide the Company with greater flexibility and the
ability to diversify sources of financing," said Lorenzo Zambrano, Chairman and
CEO of CEMEX.

"Having announced the US$1.6 billion sale of our Australian assets along with
sales of other non-strategic assets targeted for divestment, we have largely met
our previously-stated goals for divestiture for 2009. We have also implemented a
significant cost savings program, adjusting our operations to current market
conditions. I am confident that the strategy we are pursuing is positioning
CEMEX for a successful future."

Details of the refinancing plan will be provided when the agreement is
finalized.

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. 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 Pérez, (52-81) 8888-4334
or
Investor Relations
Eduardo Rendón, (52-81) 8888-4256
or
Analyst Relations
Luis Garza, (52-81) 8888-4136

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