94GM Nationwde. 25

RNS No 6156k
CEMEX 
3rd April 1998

CEMEX ANNOUNCES ORDINARY SHAREHOLDERS' MEETING;
PROPOSES INCREASE IN CASH DIVIDEND WITH OPTION OF REINVESTMENT 

Monterrey ,  Mexico,  April 3,  1998  -  Cemex's Board of Directors announced
today its ordinary shareholders' meeting will take place on April 23, 1998 in
Monterrey, Mexico. The agenda for the shareholders' meeting will include the
shareholders' vote on a proposed dividend for the fiscal year ended December 31,
1997.

The dividend proposed is a cash dividend of Ps. 1.00 per share. In addition,
shareholders would have the option to reinvest the cash dividend received by
subscribing to A shares represented by CPOs, offered at a price which will be
approximately 80% of the average market price prior to the meeting. The final
subscription price will be announced on the day of the shareholders' meeting,
April 23, 1998. The new shares would be offered through an increase in
shareholders' equity for the amount reinvested. The dividend represents a payout
of 20% of Cemex's cash earnings per share during 1997.

Rodrigo Trevino, Chief Financial Oficer of Cemex, explained, "The proposed
dividend allows Cemex shareholders the flexibility to receive a cash dividend or
reinvest the dividend at an attractive price in respect to the market price. We
will use the reinvested dividend proceeds to reduce debt at the holding company
level."

Investors may attain additional information regarding the dividend plan by
calling either Carols Jacks at (528) 328-3393, Bradley Johns at (528) 328-3305,
or Amy Figueroa at (212) 317-6008.

Founded in 1906, CEMEX is the largest cement producer in the Americas and one of
the three most important producers of cement in the world, with a production
capacity of approximately 51 million metric tons per year. CEMEX is the market
leader in its operations in Mexico, Spain, Venezuela, Panama, and the Dominican
Republic; and has a significant presence in the markets of Colombia, the
Caribbean, and the southwest region of the United States of America.

END


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