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Cemex announces dividend of US$0.133 per CPO

Cemex shareholders approved to increase the capital stock of Cemex in its variable portion through capitalization charged against retained earnings, subject to confirmation by Cemex's Board of Directors at a Board Meeting scheduled for May 25, 2006.

This increase in capital will be used to distribute a CPO stock dividend per CPO of US$0.133 at the US dollar / Mexican peso exchange rate determined by the Banco de México for transactions on May 25, 2006, with the amount of CPOs to be distributed to be based on the weighted-average price of all Cemex CPO transactions on the same date, reflected in the Bolsa Mexicana de Valores (Mexican Stock Exchange), minus a 20% discount.



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