CEMEX, S.A.B. de C.V. announced consolidated earnings results for the first quarter of 2013. The company announced that consolidated net sales reached $3.3 billion during the first quarter of 2013, a decrease of 5% versus the comparable period in 2012. Operating EBITDA decreased by 8% during the quarter to $521 million versus the same period in 2012. Adjusting for the fewer business days during the quarter and, in the case of operating EBITDA, for the extraordinary favorable effect in 2012 resulting from the change of a pension plan in Northern Europe region, net sales declined by 2% and operating EBITDA increased by 9% during the first quarter of 2013. The decrease in consolidated Net Sales were due to fewer business days and lower volumes in the Northern Europe, Mexico, Mediterranean, and South, Central America and the Caribbean operations partially offset by higher prices, in local currency terms, in most of the regions. Operating earnings before other expenses, net, in the first quarter remained flat at $239 million. Free cash flow after maintenance capital expenditures for the quarter was negative at $483 million, compared with negative $287 million reduction in the same quarter of 2012. Controlling interest net loss of $281 million, versus a loss of $30 million last year. This is due mainly to the noncash foreign exchange loss and higher income tax, which was mitigated by the higher gain in financial instruments. For 2013, the company expects consolidated volumes for cement, ready-mix and aggregates to improve by 1%, 2% and 1% respectively. The company expects the improvement in volumes from operations in Mexico, the U.S., the South Central American and the Caribbean region and Asia will more than offset the expected weaker northern volume and Mediterranean regions. For 2013, the company expects total CapEx is expected to be about $700 million, including $525 million in maintenance CapEx and $175 million in strategic CapEx. The company expects cash taxes for 2013 to be slightly higher compared to last year.

On 14 March 2013, CEMEX, S.A.B. de C.V. launched invitations to holders of the €900,000,000 4.75%. Notes due 2014 issued by its subsidiary CEMEX Finance Europe B.V. and guaranteed by its subsidiary CEMEX España, S.A., to tender up to €200,000,000 of the outstanding Notes for purchase by CEMEX for cash. The Offer was made upon the terms and subject to the conditions contained in the tender offer memorandum dated 14 March 2013. The Expiration Deadline in respect of the Offer was 4:00 p.m. (London Time) on 25 March 2013. Tenders for €182,939,000 in aggregate principal amount of Notes have been received by the Tender Agent during the offer period. The final aggregate principal amount of Notes accepted for purchase by CEMEX pursuant to the Offer is €182,939,000. CEMEX's acceptance for purchase of Notes validly tendered in the Offer was subject to satisfaction of the New Issue Condition, which occurred on 25 March 2013.

CEMEX, S.A.B. de C.V. announced the pricing of USD 600 million aggregate principal amount of senior secured notes denominated in U.S. dollars. The Notes will bear interest at an annual rate of 5.875% and mature in 2019. The Notes will be issued at par and will be callable commencing on their 3rd anniversary. The closing of the offering is expected to occur on March 25, 2013, subject to satisfaction of customary closing conditions. CEMEX intends to use approximately USD 55 million of the net proceeds from the offering for the repayment in full of the remaining indebtedness under CEMEX's 2009 Financing Agreement, dated August 14, 2009, as amended, and the remainder for general corporate purposes, including the repayment of other indebtedness.