Since we announced that CEMEX will sell part of its UK business to Breedon Group plc, we have been working hard to verify which employees will transfer to Breedon. We have now completed this exercise and 632 employees have been advised that they will automatically become Breedon employees when the sale completes, which we expect to be in early Q2.

In addition, 11 employees who will stay with CEMEX have been advised that their work location will be sold to Breedon, which means that we need to find them another office to work from. Between now and when the sale completes we will consult with both groups of employees.

Preparations for the nomination and election of Employee Representatives are now underway, so that we can begin consultation later this month. Given the large number of people involved, we will run three consultation groups.

Each group will have its own consultation meetings, but all three will run in parallel, so that the first meetings for each group will take place w/c 24^th February, the second meetings 3^rd March etc. Each consultation group is divided into constituencies (groups of employees) and each constituency will have its own Employee Representative who will represent the employees in their constituency at consultation meetings.

We plan to get these meetings underway as soon as possible so that we can provide information and answer questions. We will also continue to keep everyone updated about the consultation process and the planned sale, with regular updates in UK News.