AGREEMENT WITH CIMSA FOR THE SALE OF THE ENTIRE SHAREHOLDING IN AFYON

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Bergamo, 15 February 2012 – As a result of the already announced structured sale process initiated by Ciments Francais for the sale of its entire shareholding in Afyon Cimento Sanayii Turk A.S. (“Afyon”) a share purchase agreement (SPA) has been executed on February 15, 2012 between Cimsa Cimento Sanayi ve Ticaret A.S. (“CIMSA”) and Ciments Français with its wholly owned subsidiary Parcib, for the sale of shares representing 51% of the share capital of Afyon corresponding to a total nominal value of TL 1,530,000 The agreed purchase price is TL 57,530,000 (equivalent to approximately 25 million euro). The transfer of Sale Shares to CIMSA and payment of the Purchase Price shall be realized upon closing after obtaining the Competition Board Approval and fulfilling the other transactions foreseen in the SPA. The Purchase Price shall be subject to customary pre and post-closing adjustments in line with the provisions of the SPA.

As of the closing of this agreement, and following the sale of Set Group in 2011, the Italcementi Group will be no longer an active producer in the Turkish cement market
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