Mheamex [pam PHILPrINES 9 September 2016 ‘THE PHILIPPINE STOCK EXCHANGE 3" Floor, Philippine Stock Exchange Plaza Ayala Triangle, Ayala Avenue Maka ity Attention: Mr. JV. B. ZUNO OIC, Head of Disclosure Department Re: 13 Report -Use of IPO Proceeds Dear Gentlemen: We write in connection with the Initial Public Offering (IPO) of 2,337,927,954 primary common shares of Cemex Holdings Philippines, Inc. (the “Company”), Further to our previous reports on the Use of IPO Proceeds, we wish to inform you that the Company has made several disbursements from the net IPO Proceeds as follows: Use of Proceeds ‘Amount (in Out-of-pocket expenses incurred by domestic underwriter in 85,165.58 connection with the IPO Applicable Philippine withholding tax on interest payments 520,741.32 Pertaining to the “Short-term Loan” from New Sunward Holding BY. Applicable Philippine expanded withholding tax on fees of trading 3,902,597.45 participants Very truly yours, A (ARGENT PAUL EDAD / Treasurer