We updated the completion timetable on Holcim/Lafarge (PDF on request) At least 81.47 percent of the voting rights1 of Lafarge S.A. have been tendered to the Offer. The success of the Offer was subject to the condition that a minimum acceptance threshold of 2/3 of Lafarge’s share capital or voting rights be reached by Holcim Ltd The offer will be automatically re-opened within ten trading days following the publication of the final results of the Offer. The AMF will publish a timetable for the Re-opened Offer, but we understand Holcim expects to re-open the offer July 15th The re-opened offer must be open for at least ten trading days. From our conversations with the companies we understand the second close may be 28 July and publications of results within nine trading days. After settlement to the second close, Holcim can pay the script dividend. Such scrip dividend shall be in the ratio of one new LafargeHolcim Share for twenty existing LafargeHolcim Shares. Companies mentioned it is expected by 10 August 2015. Expected Re-opening Calendar 03 July 2015 First close to the offer 09 July 2015 Publish Final results to the offer 10 July 2015 Holcim expected to launch capital increase 14 July Expected settlement 15 July 2015 Re-open 28 July 2015 Second close to the offer 03 August 2015 Expected results to the re-opened offer. (Within 9 trading days after closing) 9 August 2015 Expected settlement to reopened offer 10 August 2015 Script dividend expected 3 | P a g e Event-Driven Research Europe Alex Olvera [email protected]