Heidelberg Materials Acquires Largest Supplier Of Pulverised Fly Ash In Malaysia

HEIDELBERG MATERIALS AG HEI:

• ENTERED INTO A DEFINITIVE PURCHASE AGREEMENT TO ACQUIRE ACE GROUP, THE LARGEST SUPPLIER OF PULVERISED FLY ASH IN MALAYSIA

• BOTH PARTIES HAVE AGREED TO NOT DISCLOSE THE FINANCIAL TERMS OF THE TRANSACTION

• THE ACQUISITION AIMS TO STRENGTHEN THE COMPANY’S FOOTPRINT IN A GROWING MARKET AND MEET THE RISING DEMAND FOR FLY ASH TO REDUCE THE CO2 INTENSITY OF CEMENT