Lafarge and Anglo American announce the completion of their 50:50 joint venture, creating the UK’s leading construction

  Lafarge and Anglo American announce the completion of their 50:50 joint
  venture, creating the UK’s leading construction materials company

Business Wire

PARIS -- January 7, 2013

Regulatory News:

Lafarge (Paris:LG) and Anglo American announce the completion of their 50:50
joint venture which combines their cement, aggregates, ready-mix concrete,
asphalt and asphalt surfacing, maintenance services, and waste services
businesses in the United Kingdom. The joint venture will be known as Lafarge
Tarmac and begins trading today.

Completion of the Lafarge Tarmac joint venture follows final clearance from
the UK Competition Commission, predicated on the completed sale of a portfolio
of Tarmac and Lafarge construction materials operations in the UK, which
occurred today. The agreed sale of Tarmac’s 50% ownership interest in Midland
Quarry Products is subject to a right of pre-emption in favour of Hanson
Quarry Products Europe Limited and, as a result, the completion of this
transaction is pending.

The Lafarge Tarmac combination is expected to generate synergies of £60
million through improving operational logistical and purchasing efficiencies
and the introduction of value-added products across a wider geographic area.

Cynthia Carroll, Chief Executive of Anglo American, said: “We have
successfully united two high quality and complementary UK businesses to create
the leading UK construction materials company, with high quality assets, two
experienced management teams, and a portfolio of well-recognised, innovative

Bruno Lafont, Chairman & Chief Executive of Lafarge, said: "The closing of
this transaction and the creation of a new British construction materials
champion reinforce Lafarge's ongoing commitment to the UK market and its
efforts to continuously improve its offering to customers, as well as playing
a full role in developing the infrastructure needed for a growing economy."

As announced on 23 November 2012, the Lafarge Tarmac leadership team includes
Jamie Pike as Non-Executive Chairman, Cyrille Ragoucy as CEO and Guy Young as

Notes to editors:

Lafarge Tarmac Limited represents a joint venture with a leading portfolio of
construction materials assets in the UK, which comprises of over 330
operational and functional locations in total: four cement plants and one
integrated lime and cement plant with an associated rail depot network, 152
aggregates quarries, 81 fixed ready-mix concrete plants (excluding mobiles),
75 asphalt plants, a range of joint venture interests with third parties as
well as a significant waste service business.

Located in 64 countries with 68,000 employees, Lafarge is a world leader in
building materials, with top-ranking positions in its Cement, Aggregates &
Concrete businesses. In 2011, Lafarge posted sales of 15.3 billion euros.
Since 2010, the Lafarge Group has been part of the Dow Jones Sustainability
World Index, the first global sustainability benchmark, in recognition of its
sustainable development actions. With the world’s leading building materials
research facility, Lafarge places innovation at the heart of its priorities,
working for sustainable construction and architectural creativity. Additional
information is available at

Anglo American is one of the world’s largest mining companies, is
headquartered in the UK and listed on the London and Johannesburg stock
exchanges. Anglo American’s portfolio of mining businesses spans bulk
commodities – iron ore and manganese, metallurgical coal and thermal coal;
base metals – copper and nickel; and precious metals and minerals – in which
it is a global leader in both platinum and diamonds. Anglo American is
committed to the highest standards of safety and responsibility across all its
businesses and geographies and to making a sustainable difference in the
development of the communities around its operations. The company’s mining
operations, extensive pipeline of growth projects and exploration activities
span southern Africa, South America, Australia, North America, Asia and


Eric de Riedmatten
Tel: +33 (0)1 44 34 92 51
Mélanie Coviaux
Tel: +33(0) 1 44 34 18 18
Caroline Winkler
Tel: + 33(0) 1 44 34 11 70
Stéphanie Billet
Tel: +33 (0) 1 44 34 93 71
Danièle Daouphars
Tel: +33 (0) 1 44 34 11 51
Laurence Le Gouguec
Tel: +33 (0) 1 44 34 94 59
Anglo American
Emily Blyth
Tel: +44 (0)20 7968 8481
Caroline Crampton
Tel: +44 (0)20 7968 2192
Sarah McNally
Tel: +44 (0)20 7968 8747
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