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Press release content from Business Wire. The AP news staff was not involved in its creation.

CEMEX Announces New Conversion Rate for Convertible Notes Due 2020

December 17, 2019 GMT

MONTERREY, Mexico--(BUSINESS WIRE)--Dec 17, 2019--

CEMEX, S.A.B. de C.V. (“CEMEX”) (NYSE: CX) announced today that, as a result of the payment of the second, and final, installment of the cash dividend approved at CEMEX’s General Ordinary Shareholders’ Meeting held on March 28, 2019, the conversion rate of both series of CEMEX’s subordinated optional convertible notes due 2020 (the “2020 Convertible Notes”) will be adjusted accordingly. The new conversion rate for the 2020 Convertible Notes will be 93.2334 ADSs per U.S.$1,000 principal amount of 2020 Convertible Notes, equivalent to a conversion price of approximately U.S.$10.7258 per ADS.

This press release contains forward-looking statements and information that are necessarily subject to risks, uncertainties, and assumptions. CEMEX assumes no obligation to update or correct the information contained in this press release.

View source version on businesswire.com:https://www.businesswire.com/news/home/20191217005285/en/

CONTACT: Media Relations

Jorge Perez

+52(81) 8888-4334

mr@cemex.com

Investor Relations

Eduardo Rendon

+52(81) 8888-4256

ir@cemex.com

Analyst Relations

Lucy Rodriguez

+1(212) 317-6007

ir@cemex.com

KEYWORD: CENTRAL AMERICA MEXICO

INDUSTRY KEYWORD: CHEMICALS/PLASTICS MANUFACTURING

SOURCE: CEMEX, S.A.B. de C.V.

Copyright Business Wire 2019.

PUB: 12/17/2019 06:15 AM/DISC: 12/17/2019 06:15 AM

http://www.businesswire.com/news/home/20191217005285/en