LafargeHolcim Enters into Agreement with Nirma Limited for Divestment of Lafarge India

  LafargeHolcim Enters into Agreement with Nirma Limited for Divestment of
  Lafarge India

Business Wire

ZURICH -- July 11, 2016

Regulatory News:

LafargeHolcim (Paris:LHN) announces it has entered into a letter agreement
with Nirma Limited subject to approval by the Competition Commission of India
(CCI) for the divestment of its interest in Lafarge India for an enterprise
value of approximately USD 1.4 billion. Lafarge India operates three cement
plants and two grinding stations with a total capacity of around 11 million
tonnes per annum. The company also markets aggregates and is one of India’s
leading ready-mix concrete manufacturers. The proceeds from the divestment
will be used to reduce debt further.

Eric Olsen, CEO, said: “This agreement is an important step in our CHF 3.5
billion divestment program. With this deal, two thirds of the program has been
secured and the remainder of the program is well on track. We are confident
that we will meet our target by the end of this year. With the proposed buyer
we have found the right partner who will be able to develop the business
further in the interest of all our stakeholders.”

LafargeHolcim will continue to operate in India through its subsidiaries ACC
Ltd. and Ambuja Cements Ltd. with a combined cement capacity of more than 60
million tonnes and a distribution network that extends across the entire

The transaction with Nirma Limited as a purchaser will be submitted to the CCI
for approval.

LafargeHolcim has a divestment target of CHF 3.5 billion in 2016 and has
already completed the sale of its business in South Korea and signed an
agreement to divest its minority shareholding in Saudi Arabia. The Group has
also expanded its joint-venture with SNI, its historical partner in Morocco,
by merging Lafarge Ciments Maroc and Holcim Maroc to create LafargeHolcim

About LafargeHolcim

With a well-balanced presence in 90 countries and a focus on cement,
aggregates and concrete, LafargeHolcim (SIX Swiss Exchange, Euronext Paris:
LHN) is the world leader in the building materials industry. The Group has
100,000 employees around the world and combined net sales of CHF 29.5 billion
in 2015. LafargeHolcim is the industry benchmark in R&D and serves from the
individual homebuilder to the largest and most complex project with the widest
range of value-adding products, innovative services and comprehensive building
solutions. With a commitment to drive sustainable solutions for better
building and infrastructure and to contribute to a higher quality of life, the
Group is best positioned to meet the challenges of increasing urbanization.

More information is available on

About Nirma

Founded by Dr. Karsanbhai Patel and headquartered at Ahmedabad in Gujarat
(India), Nirma Limited is one of India’s diversified conglomerates with
businesses across industrial and consumer products ranging from soaps,
detergents, salt, soda ash, caustic soda, cement, packaging and other
household products. With over 12 manufacturing facilities in India and the
USA, Nirma sells its products across 6 continents and has market leadership
across several verticals. The Company has sales over US$ 1.1bn during FY16
(FYE March 31, 2016) and has a strong balance sheet.

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