CEMEX (CX) Receives Approval from the Mexican Securities Authority to Launch Convertible Securities Transaction

CEMEX, S.A.B. de C.V. (NYSE: CX), announced that it has received approval from the Comisión Nacional Bancaria y de Valores (“CNBV”, or the Mexican securities authority) to launch an offer to issue mandatorily convertible securities (the “Securities”) through an exchange offer directed to holders of Certificados Bursátiles issued by CEMEX. CEMEX announced its intention to launch this exchange offer on November 4, 2009.

These Securities will be mandatorily convertible into Certificados de Participación Ordinaria (“CPOs”), similar to those already outstanding. The transaction is expected to be launched for a minimum amount of Securities of MXN3.0B. CEMEX may issue Securities mandatorily convertible into a maximum amount of 400M CPOs.