CEMEX Announces Pricing of Non-Dilutive Equity Offering.

MONTERREY, Mexico -- CEMEX, S.A. de C.V. (NYSE: CX) announced today the pricing of a non-dilutive equity offering, in which a Mexican trust created to sell the ADSs in the offering, has agreed to sell 27 million ADSs in an underwritten public offering. Citigroup Global Markets Inc. and J.P. Morgan Securities Inc. acted as global coordinators for the offering.

The 27 million ADSs are being offered in the form of both ADSs and CPOs, comprised of 19,986,583 ADSs and 70,134,170 CPOs. One ADS represents ten CPOs. The ADSs are being offered to the public at a price of US$49.50 per ADS, and the CPOs are being offered to the public at a price of MXP53.89 per CPO. The aggregate proceeds of the offering are expected to be approximately US$1.3 billion, after underwriting discounts and commissions. This transaction will not increase the number of shares outstanding and thus will not dilute existing shareholders.

The underwriters have an option to purchase up to an additional 2,956,757 ADSs and 10,365,830 CPOs, respectively, to cover any over-allotments.

A shelf Registration Statement relating to these securities has been filed with the Securities and Exchange Commission and is effective. This announcement shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state.

The offering is made solely by prospectus. Copies of the prospectus supplement and prospectus may be obtained from the Prospectus departments of Citigroup Global Markets Inc. or J.P. Morgan Securities Inc. at the following addresses:

Citigroup Global Markets Inc.       J.P. Morgan Securities Inc.
       Brooklyn Army Terminal            One Chase Manhattan Plaza
           140 58th Street                       Floor 5B
         Brooklyn, NY 11220                 New York, NY 10081
        Tel:  [phone]               Tel:  [phone]
        Fax:  [phone]               Fax: (212)  552-5319

CEMEX is a growing global building solutions company that provides products of consistently high quality and reliable service to customers and communities in more than 50 countries throughout the world. The company improves the well-being of those it serves through its relentless focus on continuous improvement and efforts to promote a sustainable future. For more information, visit www.CEMEX.com.

This press release contains forward-looking statements and information that are necessarily subject to risks, uncertainties and assumptions. In addition, 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.