Slaughter and May is advising CNBM - possible voluntary general joint offer to acquire all issued shares in Shanshui Cement

Slaughter and May, Hong Kong, is advising China National Building Material Company Limited (CNBM) in relation to the possible voluntary general offer to be made jointly by CNBM and Asia Cement Corporation (ACC) to acquire all the issued shares in China Shanshui Cement Group Limited (Shanshui Cement) (other than those already owned or agreed to be acquired by CNBM, ACC and parties acting in concert with CNBM or ACC) at an offer price to be determined by CNBM and ACC.

Goldman Sachs (Asia) L.L.C. is the financial adviser to CNBM and ACC for the transaction.

CNBM is a leading building materials company in the PRC with significant operations in cement, lightweight building materials, glass fibre and composite materials and engineering services business segments. Slaughter and May advised on its listing in Hong Kong in 2006. ACC, which is headquartered in Taiwan and listed on the Taiwan Stock Exchange, manufactures and sells cement, clinker, ready-mixed concrete, and cement-related products primarily in Taiwan and China.

Shanshui Cement is listed on the main board of the Hong Kong Stock Exchange and is principally engaged in the manufacturing and sale of cement, clinker and concrete.