CEMEX and core banks in talks to renegotiate majority of Company debt

• Company Indefinitely Postpones Senior Note Offering

MONTERREY, MEXICO, March 9, 2009 - CEMEX, S.A.B. de C.V. (NYSE: CX), announced today that it has initiated discussions with its core banks to renegotiate the majority of the Company's outstanding debt, or approximately $14.5 billion in syndicated and bilateral obligations. This activity would represent a similar effort to CEMEX's successful January, 2009 refinancing of a portion of its bilateral and syndicated loan facilities. Separately, the Company is indefinitely postponing its previously-announced capital markets debt financing.

While the discussions are ongoing, the Company intends to meet all its obligations across both bank and capital markets debt. In addition, while CEMEX is currently focused on this course of action as the best opportunity to quickly achieve maximum financial flexibility, it will continue to consider other strategies including asset sales.

Completion of the bank debt renegotiation process may require consent from all the lenders under the corresponding facilities. Ultimately, the implementation of any bank refinancing and/or extensions is subject to obtaining the necessary commitments from these financial institutions and to the satisfactory completion of final documentation and satisfaction of customary conditions.

CEMEX is a growing global building materials company that provides high-quality products and reliable service to customers and communities in more than 50 countries throughout the world. CEMEX has a rich history of improving the well-being of those it serves through its efforts to pursue innovative industry solutions and efficiency advancements and to promote a sustainable future. For more information, visit www.cemex.com.

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