NEWS RELEASE

1 December 2020  

Breedon Group plc

("Breedon" or the "Company")

Update on the acquisition of certain assets and operations

of CEMEX in the UK

Breedon, a leading construction materials group in Great Britain and Ireland, notes the announcement today by the Competition and Markets Authority that it has accepted Breedon's undertakings in lieu of a reference to a Phase 2 investigation in respect of its acquisition of certain assets from Cemex Investments Limited. We now expect the disposal of certain assets to Tillicoultry Quarries Limited to complete shortly.

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Information on Breedon Group

Breedon Group plc is a leading construction materials group in Great Britain and Ireland. It operates two cement plants and an extensive network of quarries, asphalt plants and ready-mixed concrete plants, together with slate production, concrete and clay products manufacturing, contract surfacing and highway maintenance operations.  The Group employs over 3,500 people and has around 1 billion tonnes of mineral reserves and resources.  The Group's strategy is to continue growing through organic improvement and the acquisition of businesses in the heavyside construction materials market.

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