OREANDA-NEWS. CEMEX, S.A.B. de C.V. (“CEMEX”) (NYSE: CX), announced today that CEMEX Holdings Philippines, Inc. (“CHP”), an indirectly wholly-owned subsidiary of CEMEX Espa?a, S.A., received a pre-effective approval regarding the registration statement it had filed with the Securities and Exchange Commission of the Philippines (the “Philippine SEC”) relating to a proposed initial public offering of CHP’s common shares (the “Offering”). CHP also received the notice of approval from the Philippine Stock Exchange (the “PSE”) for the listing of CHP’s shares on the PSE.

Subject to obtaining the corresponding final approval from the Philippine SEC, CHP has the intention to, in a public offering to investors in the Philippines and, in a concurrent private placement to eligible investors outside of the Philippines, offer a minority interest in CHP’s capital stock.

The pre-effective approval by the Philippine SEC and the notice of approval by the PSE are important steps for the Offering.

This press release contains forward-looking statements and information that are necessarily subject to risks, uncertainties, and assumptions. Many factors could cause the terms of the transaction described herein to change and any such changes could be significant. No assurance can be given that any such transaction will be consummated on the terms described herein or on other terms, or as to the ultimate terms of any such transaction. CEMEX assumes no obligation to update or correct the information contained in this press release.

The listing of CHP’s common shares is subject to the approval of the board of directors of the PSE. The PSE will make no representation as to its completeness and expressly disclaims any liability whatsoever for any loss arising from reliance on the entire or any part of the Offering documents. Such approval for listing, once granted, is permissive only and will not constitute a recommendation or endorsement of the offering by the PSE or the Philippine SEC.