Titan Cement International announces its intention to proceed with the IPO of its US business (“Titan America”) raising funds that will facilitate the Group’s and Titan America’s future growth and unlock new opportunities.

Titan America, a $1.6 billion sales business, is a leading and fully integrated player in the high-growth economic mega-regions of the US East Coast, with operations and leading market positions across Florida, the Mid-Atlantic, and Metro New York/New Jersey.

The listing is anticipated to take place on a stock exchange in New York and will be accompanied by an IPO of a
minority stake, consistent with the typical percentage of company stock sold in US IPOs, without creating any
incremental tax burden. The transaction is anticipated to be completed in early 2025.