Cemex S.A. De C.V. - Re Dividend Payment Option

RNS No 0288x
CEMEX, S.A. de C.V.
26th May 1998

CEMEX DETAILS 1998 DIVIDEND PAYMENT OPTION

Monterrey, Mexico, May 26, 1998 - CEMEX, S.A. de C.V. (CMXBY:OTC) today
announced details regarding the dividend approved by shareholders at the annual
general shareholders meeting on April 23, 1998. Under the program approved by
shareholders, shareholders of CEMEX A, B, and CPO series shares can elect to
receive a cash dividend of Ps. 1.00 per share or its equivalent in CPOs
(representing series A shares) valued at a price of Ps. 33.3333 per CPO (3 new
CP0s for every 100 shares of any series). The CPO value represents approximately
80% of the weighted average closing market price on the three trading days
preceding April 21, 1998.

The dividend election process is outlined below:

ADR Shareholders

The right to elect the dividend in the form of cash or series A CPO ADRs will be
offered only to those ADR holders of record on May 18 through June 18, 1998.
Therefore, ADR holders of record on June 18 only, will be entitled to receive
the dividend solely in the form of cash. To receive the dividend in the form of
CPOs, ADR shareholders must complete and return a "Dividend Election Form" as
instructed. The CPO ADRs or cash dividend will be delivered on June 26, 1998 per
instructions received on the dividend election form.

Ordinary Shareholders

To coordinate the dividend election process, ordinary shareholders must contact
their respective Mexican brokerage houses before June 18, 1998.

For Further Information Contact:

ADR Holders: Morgan Guaranty Trust Company: (781) 575-4328 
CEMEX Investor Relations: 1-800-IN CEMEX, Carlos Jacks x3393 or Bradley Johns
x3305
Ludgate Communications: (212) 688-5144, Kristin Anderson
For media inquiries please contact Anthony Greco of Ketchum PR at (212) 448-4219

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

MSCALLILEVIDFAT

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