5 de abril de 1999

CEMEX, S.A. de C.V. (CMXBY:OTC) announced today the agenda for its annual shareholders meeting to be held on April 29, 1999.
The agenda for the annual ordinary shareholders meeting includes the following proposals:

· Presentation and approval of 1998 financial statements.

· 1998 dividend program where shareholders elect to receive a Ps. 1.30 per share cash dividend or subscribe to newly issued CPOs.

· Modify terms and conditions of CPO trust by issuing a new CPO formed of two A shares and one B share to be offered in a public exchange offer. The new CPO will be listed on the Mexican Bolsa and may be listed on international stock exchanges such as the NYSE. Once the exchange reaches a certain level, A and B shares would be delisted from the Mexican stock exchange.

· Election of Board Members and Commissioners.

· Compensation for Board Members and Commissioners.

· Designation of individuals responsible for formalizing the adopted proposals.

The agenda for the extraordinary shareholders meeting, to be held also on April 29, 1999, includes the following proposals:

· Split each share (A and B) into 3 new shares (two A shares and one B share).

· Designation of individuals responsible for formalizing the adopted proposals.

Founded in 1906, CEMEX is one of the three largest cement companies in the world with approximately 61 million metric tons of production capacity. Through operating subsidiaries positioned in three different continents, CEMEX is engaged in the production, distribution, marketing and sale of cement, ready-mix concrete, aggregates and clinker. In addition, the company is the world´s leading producer of white cement and the world´s largest trader of cement and clinker.