Dividends

At CEMEX, S.A.B. de C.V. Ordinary General Shareholders Meeting held on March 28, 2019 a cash dividend was declared in the amount of U.S.$150 million in two equal installments, in June 17, 2019 and December 17, 2019. ADS holders are expected to receive the first installment of the cash dividend on June 18, 2019.

CPO and ADS holders as of the record date of June 14, 2019, will be entitled to receive a pro-rata share of the first installment of the cash dividend (U.S.$75 million). CPO holders will receive a cash dividend of 0.095610 Mexican pesos per CPO (equivalent to U.S.$0.004989 per CPO). ADS holders will receive a cash dividend of US$0.049890 per ADS. The cash dividend to CPO holders to be paid in Mexican Pesos was determined applying an exchange rate of 19.1645 Mexican pesos per U.S. dollar as determined by Banco de México on the 13th of June 2019 for settlements on June 17, 2019.

The declared dividend comes from the Net Tax Profit Account (Cuenta de Utilidad Fiscal Neta or CUFIN) generated until December 31, 2013, therefore no withholding tax will be generated for the payment of this dividend. Furthermore, dividend payments to non-residents of Mexico will not be subject to withholding tax in Mexico.

The following table shows the dividend paid for the period from 2004 to 2008 and expected to be paid in year 2019.

¹Dividends from 2004 to 2005 were declared in Mexican pesos. However, ADS holders electing cash received the dividend in U.S. dollars. These amounts represent the approximate U.S. dollar amount distributed to ADS holders. Dividends from 2006 to 2008 were declared in U.S. dollars.

CEMEX's shares are traded on the Mexican stock exchange in the form of Ordinary Participation Certificates, or CPOs, and on the New York Stock Exchange in the form of American Depositary Shares, or ADSs. The depositary bank for CEMEX's ADS program is Citibank, N.A.