This communication contains forward-looking statements within the meaning of the U.S. federal securities
laws and Mexican federal securities laws, as applicable, and information that are necessarily subject to risks, uncertainties, and assumptions, including, but not limited to, statements related to CEMEXs plans, objectives, expectations
(financial or otherwise), and typically can be identified by the use of words such as may, assume, might, should, could, continue, would, can,
consider, anticipate, estimate, expect, envision, plan, believe, foresee, predict, potential, target,
strategy, intend, aimed, and similar terms. These forward-looking statements reflect the CEMEX, S.A.B. de C.V.s and its direct and indirect subsidiaries (the Company) current expectations and
projections about future events based on the Companys knowledge of present facts and circumstances and assumptions about future events, as well as the Companys current plans based on such facts and circumstances. These statements
necessarily involve risks and uncertainties that could cause actual results to differ materially from the Companys expectations. No assurance can be given that the transactions described herein will be consummated or as to the ultimate terms
of any such transactions. Many risks, uncertainties and other important factors could cause the actual results, performance, or achievements of CEMEX to be materially different from those expressed or implied in this release. Some of the risks,
uncertainties and other important factors that could cause results to differ, or that otherwise could have an impact on the Company, include, but are not limited to: the impact of pandemics, epidemics or outbreaks of infectious diseases and the
response of governments and other third parties, which could adversely affect, among other matters, the ability of the Companys operating facilities to operate at full or any capacity, supply chains, international operations, availability of
liquidity, investor confidence and consumer spending, as well as the availability of, and demand for, the Companys products and services; the cyclical activity of the construction sector; the Companys exposure to other sectors that
impact its and its clients businesses, such as, but not limited to, the energy sector; availability of raw materials and related fluctuating prices of raw materials, as well as of goods and services in general, in particular increases in
prices as a result of inflation; volatility in pension plan asset value and liability, which may require cash contributions to the pension plans; the impact of environmental cleanup costs and other remedial actions, and other liabilities relating to
existing and/or divested businesses; the Companys ability to secure and permit aggregates reserves in strategically located areas; the timing and amount of federal, state and local funding for infrastructure; changes in the level of spending
for private residential and private nonresidential construction; changes in the Companys effective tax rate; competition in the markets in which the Company offers its products and services; general political, social, health, economic and
business conditions in the markets in which the Company operates or that affect its operations and any significant economic, health, political or social developments in those markets, as well as any inherent risks to international operations; the
regulatory environment, including environmental, energy, tax, labor, antitrust and acquisition-related rules and regulations; the Companys ability to satisfy its obligations under the Companys material debt agreements, the indentures
that govern the Companys outstanding notes and the Companys other debt instruments and financial obligations, including its 5.125% subordinated notes with no fixed maturity and other financial obligations; the availability of short-term
credit lines or working capital facilities, which can assist us in connection with market cycles; the impact of the Companys below investment grade debt rating on its cost of capital and on the cost of the products and services the Company
purchases; loss of reputation of the Companys brands; the Companys ability to consummate asset sales, fully integrate newly acquired businesses, achieve cost-savings from its cost-reduction initiatives, implement its pricing initiatives
for the Companys products and generally meet the Companys business strategys goals; the increasing reliance on information technology infrastructure for the Companys sales, invoicing, procurement, financial statements and
other processes that can adversely affect the Companys sales and operations in the event that the infrastructure does not work as intended, experiences technical difficulties or is subjected to cyber-attacks; changes in the economy that affect
demand for consumer goods, consequently affecting demand for the Companys products and services; climate change, in particular reflected in weather conditions, including, but not limited to, excessive rain and snow, and disasters such as
earthquakes and floods, that could affect our facilities or the markets in which we offer our products and services or from where we source our raw materials; trade barriers, including tariffs or import taxes and changes in existing trade policies
or changes to, or withdrawals from, free trade agreements, including the United States Mexico Canada Agreement; availability and cost of trucks, railcars, barges and ships, as well as their licensed operators and drivers, for transport
of the Companys materials; labor shortages and constraints; terrorist and organized criminal activities as well as geopolitical events, such as war and armed conflicts, including the current war between Russia and Ukraine; declarations of
insolvency or bankruptcy, or becoming subject to similar proceedings; natural disasters and other unforeseen events (including global health hazards such as COVID-19); and the other risks and uncertainties
described in the Companys public filings. You are urged to carefully consider the risks, uncertainties and other factors that affect the Companys business and operations and should review future reports filed by the Company with the U.S.
Securities and Exchange Commission. 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. You should not place undue reliance
on forward-looking statements and any forward-looking statements presented herein are made only as of the date of this communication. CEMEX does not undertake any obligation to update or revise any forward-looking statements to reflect changes in
assumptions, the occurrence of unanticipated events that occur after the date on which the forward-looking statement is made, or otherwise, except as required by applicable law. No assurance can be given that the transactions described herein will
be consummated or as to the final terms of any such transactions. CEMEX assumes no obligation to update or correct the information contained in this communication.