CEMEX to Launch a Refinancing Proposal for Its Financing Agreement Which Matures in February 2014

  CEMEX to Launch a Refinancing Proposal for Its Financing Agreement Which
  Matures in February 2014

Business Wire

MONTERREY, Mexico -- June 25, 2012

CEMEX S.A.B. de C.V. (“CEMEX”) (NYSE: CX) announced today that it has
scheduled meetings on June 29 and July 2 with the full syndicate of lenders
under its financing agreement, dated August 14, 2009, as amended, to outline a
refinancing proposal. Such proposal has been discussed and negotiated with a
number of CEMEX's banks, which hold approximately 50% of the outstanding
balance under the financing agreement.

Some of the key elements of the refinancing proposal for lenders who elect to
participate are as follows:

  * a three-year extension of the maturity—from February 2014 to February
    2017;
  * an up-front fee and revised margin;
  * a US$1 billion pay down in 2013;
  * an enhanced guarantor package; and
  * revised operational and financial covenants.

CEMEX expects that sources to make the 2013 pay down may include select asset
sales.

Execution of the refinancing proposal will be subject to a number of
conditions, including a minimum participation threshold.

The transaction is being conducted pursuant to Section 4(2) of the U.S.
Securities Act of 1933, as amended (the “Securities Act”), within the United
States only to “qualified institutional buyers” (as defined in Rule 144A under
the Securities Act), and outside the United States to persons that are not
“U.S. persons,” as such term is defined in Rule 902(k) of Regulation S under
the Securities Act and who would be participating in any transaction in
accordance with Regulation S. The securities to be offered have not been
registered under the Securities Act and may not be offered or sold in the
United States absent an applicable exemption from registration requirements.
This press release does not constitute an offer to sell or the solicitation of
an offer to buy securities, nor shall there be any sale of securities, in any
jurisdiction in which such an offer, solicitation or sale would be unlawful.

THERE WILL NOT BE A REGISTRATION WITH THE NATIONAL SECURITIES REGISTRY
(REGISTRO NACIONAL DE VALORES) MAINTAINED BY THE MEXICAN NATIONAL BANKING AND
SECURITIES COMMISSION (COMISIÓN NACIONAL BANCARIA Y DE VALORES, OR CNBV), AND
NO PUBLIC OFFERING OR BROKERAGE ACTIVITIES MAY BE CONDUCTED IN MEXICO, EXCEPT
PURSUANT TO A PRIVATE PLACEMENT EXEMPTION SET FORTH UNDER ARTICLE 8 OF THE
MEXICAN SECURITIES MARKET LAW (LEY DEL MERCADO DE VALORES), TO MEXICAN
INSTITUTIONAL AND QUALIFIED INVESTORS. WE WOULD NOTIFY THE CNBV OF THE
TRANSACTION, INCLUDING ITS PRINCIPAL CHARACTERISTICS.SUCH NOTICE WILL BE
DELIVERED TO THE CNBV FOR INFORMATION PURPOSES ONLY, AND THE DELIVERY TO AND
THE RECEIPT BY THE CNBV OF SUCH NOTICE DOES NOT CONSTITUTE OR IMPLY ANY
CERTIFICATION AS TOINVESTMENT QUALITY OR OF OUR SOLVENCY. THE INFORMATION
CONTAINED IS THE EXCLUSIVE RESPONSIBILITY OF CEMEX AND HAS NOT BEEN REVIEWED
OR AUTHORIZED BY THE CNBV.

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, that
lenders representing a sufficiently significant level of the outstanding
principal amount will agree to the refinancing proposal or as to the terms of
any such transactions. CEMEX assumes no obligation to update or correct the
information contained in this press release.

Contact:

CEMEX S.A.B. de C.V.
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, +52 (81) 8888-4136
ir@cemex.com