Monterrey - Cemex announced the winners of its Cemex Building Award 2023 at a ceremony in Mexico City attended by leading architects, designers, engineers, and construction industry professionals from around the world.

The contest, which since 1991 has recognized the best construction projects in Mexico and the world, received 278 national entries for this edition and a wide variety of projects from 14 different countries. A panel of prestigious architects selected the winners from 23 finalist projects in the National Edition and 31 finalist projects in the International Edition.

'Cemex is honored to work with the architects and designers that are shaping a more sustainable future,' said Fernando A. Gonzalez, CEO of Cemex. 'I want to thank all the participants of this year's award and our panel of esteemed judges for their support. I also want to congratulate all this year's winners as well as Lorenzo H. Zambrano Prize winner Architect Enrique Norten and Marcelo Zambrano Scholarship winner Architect Jorge Gonzalez Yanez.'

The panel of Judges was comprised of 16 renowned architects and engineers from Mexico, Puerto Rico, Spain, the Dominican Republic, the United Arab Emirates, Colombia, and Argentina. With this year's contest theme, 'Shaping the future,' Cemex sought to promote creativity, encourage the development of construction best practices, and highlight the innovations that will become the new industry standards.

The Lorenzo H. Zambrano Prize 2023, which recognizes the career of an outstanding architect or engineer whose work is significant and memorable in Mexico and at an international level, was also awarded during the ceremony.

This year, the award was given to Architect Enrique Norten for his work designing social housing and urban renewal projects. His work has garnered several recognitions, including the gold medal at the Miami Architecture Bienal 2004, the National Arts and Literature Mexico award in 2010, and the Mies van der Rohe Latin America Architecture prize in 2012.

For more than 17 years, Cemex has fostered the development of recently graduated young architects whose academic and professional work demonstrates extraordinary potential through the Architect Marcelo Zambrano Scholarship.

At the event, the 2023 Scholarship was granted to Architect Jorge Gonzalez Yanez, a graduate of Tecnologico de Monterrey Guadalajara Campus who will commence postgraduate studies in Landscape Architecture Advanced Placement at Harvard University's Graduate School of Design.

The Cemex Building Award recognizes the talent and vision of architects and engineers who envision sustainable buildings for the benefit of present and future generations. Celebrated since 1991, the Cemex Building Award has consolidated its position as one of the most renowned competitions in architecture and construction.

About Cemex

Cemex is a global construction materials company that is building a better future through sustainable products and solutions. Cemex is committed to achieving carbon neutrality through relentless innovation and industry-leading research and development. Cemex is at the forefront of the circular economy in the construction value chain and is pioneering ways to increase the use of waste and residues as alternative raw materials and fuels in its operations with the help of new technologies. Cemex offers cement, ready-mix concrete, aggregates, and urbanization solutions in growing markets around the world, powered by a multinational workforce focused on providing a superior customer experience enabled by digital technologies. For more information, please visit: www.cemex.com

Except as the context otherwise may require, references in this press release to 'Cemex,' 'we,' 'us,' 'our,' refer to Cemex, S.A.B. de C.V. (NYSE: CX) and its consolidated subsidiaries. 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, unless otherwise indicated. These statements necessarily involve risks, uncertainties, and assumptions that could cause actual results to differ materially from Cemex's expectations, including, among others, risks, uncertainties, and assumptions discussed in Cemex's most recent annual report and detailed from time to time in Cemex's other filings with the U.S. Securities and Exchange Commission and the Mexican Stock Exchange (Bolsa Mexicana de Valores), which factors are incorporated herein by reference, which if materialized could ultimately lead to Cemex's expectations and/or expected results not producing the expected benefits and/or results. Cemex assumes that the project winners referenced herein have the rights to present the corresponding projects for purposes of the awards referenced in this press release. Cemex is not responsible for any ownership or rights issues that any project winners may have with respect to their corresponding project. Forward-looking statements should not be considered guarantees of future performance, nor the results or developments are indicative of results or developments in subsequent periods. These factors may be revised or supplemented, and the information contained in this press release is subject to change without notice, but Cemex is not under, and expressly disclaims, any obligation to update or correct this press release or revise any forward-looking statement contained herein, whether as a result of new information, future events or otherwise, or to reflect the occurrence of anticipated or unanticipated events or circumstances. Any or all of Cemex's forward-looking statements may turn out to be inaccurate. Accordingly, undue reliance on forward-looking statements should not be placed, as such forward-looking statements speak only as of the dates on which they are made. 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.

There is currently no single globally recognized or accepted, consistent, and comparable set of definitions or standards (legal, regulatory, or otherwise) of, nor widespread cross-market consensus i) as to what constitutes, a 'green', 'social,' or 'sustainable' or having equivalent-labelled activity, product, or asset; or ii) as to what precise attributes are required for a particular activity, product, or asset to be defined as 'green', 'social,' or 'sustainable' or such other equivalent label; or iii) as to climate and sustainable funding and financing activities and their classification and reporting. Therefore, there is little certainty, and no assurance or representation is given that such activities and/or reporting of those activities will meet any present or future expectations or requirements for describing or classifying funding and financing activities as 'green', 'social', or 'sustainable' or attributing similar labels. We expect policies, regulatory requirements, standards, and definitions to be developed and continuously evolve over time.

Contact:

Jorge Perez

Tel: +52 (81) 8259-6666

Email: jorgeluis.perez@cemex.com

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