DUBLIN (dpa-AFX) - CRH plc (CRH, CRH.L), together with the Barro Group, have
entered into a binding agreement with Adbri Ltd to buy the remaining 57% of the
ordinary shares of Adbri not owned by Barro for cash consideration of A$3.20 per
share, CRH said in a statement on Monday.

The Offer values Adbri at an equity valuation of A$2.1 billion or US$1.4 billion
on a 100% basis and values the about 53% of issued share capital that the
Partners do not currently have an interest in and which CRH has agreed to
acquire at A$1.1 billion or US$0.7 billion.

A committee comprised of the independent directors of the Adbri Board has
unanimously recommended that Adbri shareholders vote in favour of the Scheme in
the absence of a superior proposal and subject to an independent expert
concluding that the Scheme is in the best interests of Adbri shareholders.

The proposed transaction is expected to complete in 2024.



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