CEMEX Receives Approval from the Mexican Securities Authority to Launch Convertible Securities Transaction

MONTERREY, Mexico--(Business Wire)--
CEMEX, S.A.B. de C.V. (NYSE: CX), announced today that it has received approval
from the Comisión Nacional Bancaria y de Valores ("CNBV", or the Mexican
securities authority) to launch an offer to issue mandatorily convertible
securities (the "Securities") through an exchange offer directed to holders of
Certificados Bursátiles issued by CEMEX. CEMEX announced its intention to launch
this exchange offer on November 4, 2009. These Securities will be mandatorily
convertible into Certificados de Participación Ordinaria ("CPOs"), similar to
those already outstanding. The transaction is expected to be launched for a
minimum amount of Securities of MXN3.0 billion. CEMEX may issue Securities
mandatorily convertible into a maximum amount of 400 million CPOs.

The offer period will be from November 11, 2009 to December 9, 2009; but this
period could be extended in accordance to the terms described in the prospectus.

CEMEX intends to place these securities with Mexican Pension Funds (Sociedades
de Inversión Especializadas en Fondos para el Retiro, or SIEFORES) and other
investors outside the United States that are not U.S. persons in transactions
exempt from registration under the U.S. Securities Act of 1933, as amended (the
"Securities Act"), in exchange for outstanding debt securities (Certificados
Bursátiles) previously issued in the Mexican capital markets, which the company
intends to cancel, once the exchange offer is consummated. The Securities and
the CPOs issuable upon conversion have not been and will not be registered under
the Securities Act or any state securities laws, and they may not be offered or
sold in the United States absent registration or an applicable exemption from
the registration requirements of the Securities Act.

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
mr@cemex.com
or
Investor Relations
Eduardo Rendón, (52-81) 8888-4256
ir@cemex.com
or
Analyst Relations
Luis Garza, (212) 8888-4136
ir@cemex.com

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