Holcim breaks ground of state-of-the-art GO4ZERO plant in Belgium for
net-zero cement

   Holcim Group Services Ltd / Key word(s): Miscellaneous
   Holcim breaks ground of state-of-the-art GO4ZERO plant in Belgium
   for net-zero cement
   16.05.2024 / 07:00 CET/CEST
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     * GO4ZERO EUR 500m+ project in Belgium to advance Europe's
       decarbonization
     * Plant engineered to produce 2 million tons of net-zero cement
       per annum by 2029
     * Groundbreaking ceremony attended by Belgian PM Alexander De
       Croo and European Commissioner for Climate Action Wopke
       Hoekstra

   Holcim hosts the groundbreaking ceremony at its state-of-the-art
   GO4ZERO plant engineered to produce 2 million tons of net-zero
   cement per annum by 2029 in Obourg, Belgium. With a planned
   investment of over EUR 500 million, the GO4ZERO project will put
   innovation to work to advance Europe's decarbonization. The
   plant's groundbreaking is being held in the presence of Alexander
   De Croo, Prime Minister of Belgium, and Wopke Hoekstra, European
   Commissioner for Climate Action.

   Alexander De Croo, Prime Minister of Belgium: "Belgium can take
   great pride in the foundation of Holcim's new plant in Obourg.
   This investment symbolizes exactly the vision that our country
   has been pursuing for the past four years: build a future for
   industry in Europe, with the highest standards in terms of
   innovation and CO objectives. And here, in a crucial field like
   construction."

   Wopke Hoekstra, European Commissioner for Climate Action: "The
   Innovation Fund drives the deployment of innovative, low-carbon
   technologies in Europe. With EUR 230 million allocated from the
   EU Emission Trading System for the GO4ZERO project, we look
   forward to seeing this example of cutting-edge partnership across
   the value chain to create a new ecosystem for carbon capture and
   storage. This is exactly in line with the European Green Deal's
   objective to fully mobilize industry to achieve climate
   neutrality by 2050."

   Miljan Gutovic, CEO Holcim Group: "By advancing decarbonization
   as a driver of profitable growth, Holcim is on course to make
   net-zero cement and concrete a reality at scale this decade.
   GO4ZERO is one of our six large-scale, European Union-supported
   carbon capture, utilization and storage projects. These aim to
   capture a total of over 5 million tons of CO per annum, enabling
   us to offer over 8 million tons of fully decarbonized cement each
   year across Europe by 2030."

   The GO4ZERO project transforms cement manufacturing at every
   stage of the process. Accelerating decarbonized energy use, more
   than 95% of its energy will be sourced from alternative fuels,
   while over 30% of its raw mix will come from partly decarbonized
   alternative raw materials - predominantly waste generated by
   other industries, thereby advancing circularity. As a result, the
   plant will cut CO emissions by 30% as early as 2027, and it will
   also operate Europe's largest installation of floating solar
   panels. Holcim is partnering with Air Liquide on the project with
   EUR 230 million in support from the Innovation Fund, which is
   financed by revenues from the EU Emissions Trading System.
   Image link:
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   Image title:

   About Holcim
   Holcim is a global leader in innovative and sustainable building
   solutions with net sales of CHF 27.0 billion in 2023. Driven by
   our purpose to build progress for people and the planet, our
   63,448 employees are on a mission to decarbonize building, while
   improving living standards for all. We empower our customers
   across all regions to build better with less, with a broad range
   of low-carbon and circular solutions, from ECOPact and ECOPlanet
   to our circular technology platform ECOCycle®. Through innovative
   systems, from Elevate roofing to PRB insulation, Holcim makes
   buildings more sustainable in use, driving energy efficiency and
   green retrofitting. With sustainability at the core of our
   strategy, we are on the way to becoming a net-zero company with
   1.5C targets validated by SBTi.

   Learn more about Holcim on www.holcim.com, and by following us on
   LinkedIn.

   Sign up for Holcim's Building Progress newsletter here and follow
   our journey to a net-zero future.

   Important disclaimer - forward-looking statements:
   This document contains forward-looking statements. Such
   forward-looking statements do not constitute forecasts regarding
   results or any other performance indicator, but rather trends or
   targets, as the case may be, including with respect to plans,
   initiatives, events, products, solutions and services, their
   development and potential. Although Holcim believes that the
   expectations reflected in such forward-looking statements are
   based on reasonable assumptions as at the time of publishing this
   document, investors are cautioned that these statements are not
   guarantees of future performance. Actual results may differ
   materially from the forward-looking statements as a result of a
   number of risks and uncertainties, many of which are difficult to
   predict and generally beyond the control of Holcim, including but
   not limited to the risks described in the Holcim's annual report
   available on its website (www.holcim.com) and uncertainties
   related to the market conditions and the implementation of our
   plans. Accordingly, we caution you against relying on
   forward-looking statements. Holcim does not undertake to provide
   updates of these forward-looking statements.

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   End of Media Release
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1904199 16.05.2024 CET/CEST