Press Releases

February 16, 2021

CEMEX, S.A.B. de C.V. (“CEMEX”) (NYSE: CX) announced today that the Regional Autonomous Corporation of Antioquia ("CORANTIOQUIA") notified its subsidiary CEMEX Colombia S.A. ("CEMEX Colombia") that it approved the modification of the environmental license of the plant built by CEMEX Colombia in the municipality of Maceo, Antioquia. This will allow the extraction of 990,000 tons of materials (clay and limestone) and the production of up to 1,500,000 metric tons of cement annually.

This authorization represents an important step for the project's future operation, allowing to continue with the following pending activities that will enable the possibility of starting operations: the construction of the access road to the plant; the completion of pending actions of the project; and the commissioning of the cement plant.

"The modification of the environmental license is a milestone that allows us to resume work to make this project a reality, through which it is expected that we will offer our materials for infrastructure and housing works in the country more efficiently," said Alejandro Ramírez, president of CEMEX Colombia and Peru.

CEMEX Colombia also commits to expand and adapt habitats' fauna and flora, and to enrich and restore areas that support biodiversity. It will also continue to generate activities that improve employment, and the general welfare of the community, seeking to contribute to the economic and social development of the municipality of Maceo.

CEMEX is a global building materials company that provides high-quality products and reliable services. CEMEX has a rich history of improving the well-being of those it serves through innovative building solutions, efficiency advancements, and efforts to promote a sustainable future. For more information, please visit: www.cemex.com.

CEMEX assumes no obligation to update or correct the information contained in this press release. This press release contains forward-looking statements within the meaning of the U.S. federal securities laws. CEMEX intends these forward-looking statements to be covered by the safe harbor provisions for forward-looking statements in the U.S. federal securities laws. These forward-looking statements reflect CEMEX’s current expectations and projections about future events based on CEMEX’s knowledge of present facts and circumstances and assumptions about future events, as well as CEMEX’s current plans based on such facts and circumstances. These statements necessarily involve risks and uncertainties that could cause actual results to differ materially from CEMEX’s expectations. The content of this press release is for informational purposes only, and you should not construe any such information or other material as legal, tax, investment, financial, or other advice. The Company assumes no obligation to update or correct the information contained herein.