CEMEX Acknowledges Implementation of Nationalization Decree in Venezuela

MONTERREY, Mexico--(Business Wire)--
CEMEX, S.A.B. de C.V. (NYSE: CX) announced today that, according
to a press release issued by Petroleos de Venezuela S.A. (PDVSA),
PDVSA will proceed to take operational control of the plants of CEMEX
Venezuela on Monday, August 18, 2008, on behalf of the Government of
Venezuela.

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, weather conditions,
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, S.A.B. de C.V.
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

Copyright Business Wire 2008