<SEC-DOCUMENT>0000894579-23-000145.txt : 20230424
<SEC-HEADER>0000894579-23-000145.hdr.sgml : 20230424
<ACCEPTANCE-DATETIME>20230424170139
ACCESSION NUMBER:		0000894579-23-000145
CONFORMED SUBMISSION TYPE:	PX14A6G
PUBLIC DOCUMENT COUNT:		2
FILED AS OF DATE:		20230424
DATE AS OF CHANGE:		20230424
EFFECTIVENESS DATE:		20230424

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			MARTIN MARIETTA MATERIALS INC
		CENTRAL INDEX KEY:			0000916076
		STANDARD INDUSTRIAL CLASSIFICATION:	MINING, QUARRYING OF NONMETALLIC MINERALS (NO FUELS) [1400]
		IRS NUMBER:				561848578
		STATE OF INCORPORATION:			NC
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		PX14A6G
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-12744
		FILM NUMBER:		23840800

	BUSINESS ADDRESS:	
		STREET 1:		4123 PARKLAKE AVE
		CITY:			RALEIGH
		STATE:			NC
		ZIP:			27612
		BUSINESS PHONE:		919-781-4550

	MAIL ADDRESS:	
		STREET 1:		4123 PARKLAKE AVE
		CITY:			RALEIGH
		STATE:			NC
		ZIP:			27612

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Amundi Asset Management
		CENTRAL INDEX KEY:			0001280690
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			I0
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		PX14A6G

	BUSINESS ADDRESS:	
		STREET 1:		90 BOULEVARD PASTEUR
		CITY:			PARIS
		STATE:			I0
		ZIP:			75015
		BUSINESS PHONE:		33 1 43 23 30 30

	MAIL ADDRESS:	
		STREET 1:		90 BOULEVARD PASTEUR
		CITY:			PARIS
		STATE:			I0
		ZIP:			75015

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	Amundi
		DATE OF NAME CHANGE:	20100122

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	CREDIT AGRICOLE ASSET MANAGEMENT
		DATE OF NAME CHANGE:	20040218
</SEC-HEADER>
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      <div style="text-align: center; margin-top: 18pt; font-weight: bold;">Notice of Exempt Solicitation</div>
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      <div style="margin-top: 18pt;"><font style="font-weight: bold;">NAME OF REGISTRANT:&#160;</font>Martin Marietta Materials, Inc.</div>
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      <div><font style="font-weight: bold;">NAME OF PERSON RELYING ON EXEMPTION:&#160;</font>Amundi Asset Management</div>
      <div><font style="font-weight: bold;">ADDRESS OF PERSON RELYING ON EXEMPTION:&#160;</font>90 Bd Pasteur, 75015 Paris, France</div>
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      <div style="text-align: center; margin-top: 12pt; font-weight: bold;">Written materials are submitted pursuant to Rule 14a-6(g)(1) promulgated under the Securities Exchange Act of 1934.</div>
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          <div style="margin-bottom: 8pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">Martin Marietta Materials, Inc. (MLM)</div>
          <div style="margin-bottom: 8pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">Proposal #5 &#8220;Adopt Greenhouse Gas Emissions Reduction Targets&#8221;</div>
          <div style="margin-bottom: 8pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">Annual Meeting May 11, 2023</div>
          <div style="margin-bottom: 8pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">Proponent: Amundi Asset Management</div>
          <div style="margin-bottom: 8pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">Contact: Edouard Dubois, head of Proxy Voting, <u>edouard.dubois@amundi.com</u></div>
          <div style="margin-bottom: 8pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">SUMMARY</div>
          <div style="text-align: justify; margin-bottom: 8pt; font-weight: normal;">As long-term investors in Martin Marietta Materials (&#8220;Martin Marietta&#8221;, or &#8220;the Company&#8221;), we are concerned that the Company&#8217;s emissions reduction strategy falls short of
            investor expectations to align with the Paris Agreement and does not cover the full range of its operational and supply chain emissions. Without science-based greenhouse gas (GHG) emissions reduction targets covering its entire operational and
            supply chain emissions and backed by a comprehensive plan to achieve them, investors have no robust way to ensure that the Company is adequately managing the impacts of its climate risk to the Company and to investors.</div>
          <div style="margin-bottom: 8pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">RESOLVED CLAUSE</div>
          <div style="text-align: justify; margin-bottom: 8pt; font-weight: normal;">Shareholders request Martin Marietta Materials, within a year, issue near, medium and long-term science-based GHG reduction targets aligned with the Paris Agreement&#8217;s
            ambition of maintaining global temperature rise to well below 2&#176;C above pre-industrial levels, and pursuing efforts to limit the temperature increase to 1.5&#176;C, and summarize plans to achieve them. The targets should cover the Company&#8217;s full
            range of operational and supply chain emissions. In addition, these targets should omit proprietary and personal information.</div>
          <div style="margin-bottom: 8pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">SUPPORTING STATEMENT</div>
          <div style="font-weight: normal;">In assessing targets, we recommend, at Board&#8217;s discretion:</div>
          <table cellspacing="0" cellpadding="0" id="zf6c79640e8cb449a808719f563d4064d" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

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                <td style="width: 18pt; vertical-align: top;">&#8226;</td>
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                  <div>Consideration of approaches used by advisory groups, such as the one developed by the SBTi;</div>
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                <td style="width: 18pt; vertical-align: top;">&#8226;</td>
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                  <div>Development of a transition plan that shows how the Company plans to meet its goals, taking into consideration criteria used by advisory groups; and</div>
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                <td style="width: 18pt; vertical-align: top;">&#8226;</td>
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                  <div>Consideration of supporting targets for renewable energy, energy efficiency, and other measures deemed appropriate by management.</div>
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          <div style="margin-bottom: 8pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">
            <hr noshade="noshade" align="left" style="height: 1px; width: 100%; color: #003C64; background-color: #003C64; margin-left: 0px; margin-right: auto; border: none;">This is not a solicitation of authority to vote your proxy. Please DO NOT send
            us your proxy card as it will not be accepted.</div>
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          <div style="margin-bottom: 8pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">RATIONALE FOR A YES VOTE</div>
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                <td style="width: 18pt; vertical-align: top; font-weight: bold;">1)</td>
                <td style="width: auto; vertical-align: top; text-align: justify;">
                  <div style="font-weight: bold;">The Company is failing to meet investor expectations for climate risk mitigation.</div>
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                <td style="width: 18pt; vertical-align: top; font-weight: bold;">2)</td>
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                  <div style="font-weight: bold;">The Company&#8217;s decarbonization strategy is not aligned with science-based, sector-modelled pathways.</div>
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                <td style="width: 18pt; vertical-align: top; font-weight: bold;">3)</td>
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                  <div style="font-weight: bold;">The Company&#8217;s current decarbonization strategy exposes it to material financial risks.</div>
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                <td style="width: 18pt; vertical-align: top; font-weight: bold;">4)</td>
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                  <div style="font-weight: bold;">The Company lags peers in emissions disclosure and target-setting.</div>
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          <div style="margin-bottom: 8pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">DISCUSSION</div>
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                <td style="width: 18pt; vertical-align: top; font-weight: bold;">1)</td>
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                  <div style="font-weight: bold;">The Company is failing to meet investor expectations for climate risk mitigation.</div>
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          <div style="text-align: justify; margin-bottom: 8pt; font-weight: normal;">Martin Marietta is one of 166 focus companies engaged by the Climate Action 100+ (CA100+) initiative, a global investor initiative aiming to ensure the world&#8217;s largest
            corporate greenhouse gas emitters take necessary action on climate change. CA100+ signatories, including the Proponent Amundi Asset Management, aim to secure greater disclosure of climate change risks and robust company emissions reduction
            strategies, consistent with each investor&#8217;s own fiduciary duty. This includes setting full value chain targets for reducing GHG emissions aligned with limiting global warming to well below two degrees Celsius above pre-industrial levels and
            pursuing efforts to limit warming further to 1.5 degrees Celsius.</div>
          <div style="text-align: justify; margin-bottom: 8pt; font-weight: normal;">Martin Marietta has performed poorly against the expectations of the CA100+ Net Zero Company Benchmark since 2021 on almost all criteria assessed (short-term, mid-term,
            and long-term reduction targets, transition plan, capital alignment, and TCFD disclosure).<sup style="font-family: 'Times New Roman', serif; vertical-align: text-top; line-height: 1; font-size: smaller;">1</sup> The Company has so far demonstrated limited responsiveness to the recommendations made by the
            investor group on behalf of CA100+. The Proponent has struggled to have consistent and constructive dialogues with the Company on topics related to the Company&#8217;s sustainability performance and climate risk management. It took 9 months after
            initial outreach by the Proponent in 2020 for the Company to respond with a meeting. Since this first meeting, the Proponent and other supporting investors have witnessed little to no progress, with dialogue between the Company and the
            Proponent remaining sporadic and relatively unconstructive.</div>
          <div style="text-align: justify; margin-bottom: 8pt; font-weight: normal;">The Company notes in its opposition statement that it has &#8220;made several important commitments in response to this engagement,&#8221; including expanding its net zero (long-term)
            commitment to include its scope 1 emissions. While we acknowledge this is an early step, the Company&#8217;s targets still do not cover emissions from its full value chain. Furthermore, after a two-year discussion with the Company, the Proponent, as
            a lead investor of the CA100+ collaborative engagement with Martin Marietta, believes the Company has demonstrated insufficient progress on its climate-related disclosure and strategy, which still suffers critical issues described below.</div>
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                <td style="width: 18pt; vertical-align: top; font-weight: bold;">2)</td>
                <td style="width: auto; vertical-align: top; text-align: justify;">
                  <div style="font-weight: bold;">The Company&#8217;s decarbonization strategy is not aligned with science-based, sector-modeled pathways.</div>
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          <div style="text-align: justify; font-family: 'Times New Roman', Times, serif;"><font style="font-weight: normal;"><sup style="font-family: 'Times New Roman', serif; vertical-align: text-top; line-height: 1; font-size: smaller;">1</sup></font>&#160;<u><font style="font-family: 'Times New Roman',Times,serif; font-weight: normal; background-color: rgb(255, 255, 255); color: rgb(5, 99, 193); font-style: normal; font-variant: normal; text-transform: none;">https://www.climateaction100.org/company/martin-marietta-materials-inc/#skeletabsPanel5</font></u></div>
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            <div style="margin-bottom: 8pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">
              <hr noshade="noshade" align="left" style="height: 1px; width: 100%; color: #003C64; background-color: #003C64; margin-left: 0px; margin-right: auto; border: none;">This is not a solicitation of authority to vote your proxy. Please DO NOT
              send us your proxy card as it will not be accepted.</div>
          </div>
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          <div class="BRPFPageNumberArea"><font style="font-family: 'Times New Roman', Times, serif; color: #000000; font-weight: normal; font-style: normal;" class="BRPFPageNumber">2</font></div>
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                <td style="width: 18pt; vertical-align: top;">a.</td>
                <td style="width: auto; vertical-align: top; text-align: justify;">
                  <div><u>The Company&#8217;s reduction targets do not cover its full range of operational and supply chain emissions.</u></div>
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          <div style="text-align: justify; margin-bottom: 8pt; font-weight: normal;">The Company&#8217;s latest publicly disclosed targets (as of 15<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">th</sup> March 2023), available in its 2021 Sustainability report, cover 88% of the Company&#8217;s operational
            emissions (87% of scope 1 emissions and 100% of scope 2 emissions).&#160; By contrast, most peer companies have targets covering at least 95% of their operational emissions, in line with the requirements for validation by the Science Based Targets
            initiative (SBTi).</div>
          <div style="text-align: justify; margin-bottom: 8pt; font-weight: normal;">Moreover, the Company does not report its scope 3 emissions and has no scope 3 reduction targets. Scope 3 emissions reduction targets are expected for companies in the
            whole cement and concrete sector<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">2</sup><sup style="font-family: 'Times New Roman', serif; vertical-align: text-top; line-height: 1; font-size: smaller;"></sup>, notably for upstream emissions generated by the production of clinker, cement and fuels that the Company has purchased to produce its own
            products.</div>
          <div style="text-align: justify; font-weight: normal;">The Company&#8217;s opposition statement claims that &#8220;the Proposal seeks commitments to set targets on a timeframe that is not operationally viable or advisable.&#8221; During its dialogue with the
            Proponent, the Company committed to report its scope 3 emissions in its 2023 sustainability report, expected to be published in 2024. It should therefore be able to develop and announce scope 3 reduction targets in this same report. As such,
            the proposal&#8217;s request to set reduction targets on scope 3 emissions by the next annual disclosure is deemed feasible. Moreover, a scope 3 reduction target is necessary if the Company plans to reduce its emissions in line with limiting warming
            to 1.5 degrees Celsius, as defined by the SBTi.<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">3</sup><sup style="font-family: 'Times New Roman', serif; vertical-align: text-top; line-height: 1; font-size: smaller;"></sup></div>
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                <td style="width: 18pt; vertical-align: top;">b.</td>
                <td style="width: auto; vertical-align: top; text-align: justify;">
                  <div><u>Disclosed cement GHG intensity mid-term target is not aligned with the objectives of the Paris Agreement, according to pathways applicable to cement production.</u></div>
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          <div style="text-align: justify; margin-bottom: 8pt; font-weight: normal;">The Company&#8217;s mid-term target is to reduce the direct GHG intensity of cement production (scope 1 in t CO2/t of cement) by 15% by 2030 compared to 2010 levels. Despite the
            Company being largely engaged in the construction aggregates business, direct emissions from cement production accounted for 53% of the Company&#8217;s operational emissions (scope 1 &amp; scope 2) and 59% of scope 1 emissions in 2021<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">4</sup><sup style="font-family: 'Times New Roman', serif; vertical-align: text-top; line-height: 1; font-size: smaller;"></sup><font style="font-family: 'Times New Roman', Times, serif;">.</font></div>
          <div style="margin-bottom: 8pt; font-weight: normal;">In its 2021 Sustainability Report, Martin Marietta discloses its 2021 cement intensity using both the US EPA&#8217;s Clean Air Act and the GHG Protocol&#8217;s methodologies. The GHG Protocol is the most
            commonly used methodology in the cement and concrete industry. In order to compare the Company&#8217;s cement carbon emissions intensity target with peers, we first estimated the &#8220;GHG Protocol equivalent&#8221; of disclosed intensity figure for the base
            year<sup style="font-family: 'Times New Roman', serif; vertical-align: text-top; line-height: 1; font-size: smaller;">5</sup> (2010), which was not disclosed in the above mentioned report. We then applied the previously mentioned reduction target of 15% to obtain the &#8220;GHG protocol equivalent&#8221; targeted
            intensity in 2030. It results in an estimated carbon intensity target of 581</div>
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          <div style="text-align: justify; font-weight: normal;"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">2</sup><font style="font-family: 'Times New Roman', Times, serif;"> </font><u><font style="background-color: rgb(255, 255, 255); color: rgb(5, 99, 193); font-style: normal; font-variant: normal; text-transform: none;">https://sciencebasedtargets.org/resources/files/SBTi-Cement-Guidance.pdf</font></u></div>
          <div style="text-align: justify; font-weight: normal;"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">3</sup><font style="font-family: 'Times New Roman', Times, serif;"> </font><u><font style="background-color: rgb(255, 255, 255); color: rgb(5, 99, 193); font-style: normal; font-variant: normal; text-transform: none;">https://sciencebasedtargets.org/resources/files/SBTi-Cement-Guidance.pdf</font></u></div>
          <div style="text-align: justify; font-weight: normal;"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">4</sup><font style="font-family: 'Times New Roman', Times, serif;"> </font><u><font style="background-color: rgb(255, 255, 255); color: rgb(5, 99, 193); font-style: normal; font-variant: normal; text-transform: none;">https://mcdn.martinmarietta.com/assets/sustainability/2021sustainabilityreport.pdf</font></u></div>
          <div style="text-align: justify; font-family: 'Times New Roman', Times, serif;"><font style="font-weight: normal;"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">5</sup></font> <font style="font-weight: normal;">The Company discloses the GHG protocol equivalent figure only for 2021. In
              order to estimate the GHG protocol equivalent figure, from the disclosed figure that follows the US EPA&#8217;s Clean Air Act methodology (836 kgCO2e/t cement in 2010), we assumed that the ratio between both methodologies is the same in 2010 and
              2021 (630/770 = 0.818). We estimated the 2010 836*0.818 = 684 kgCO2e/t cement for 2010.</font></div>
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        </div>
        <div style="text-align: left;">
          <div><br>
          </div>
          <div>
            <div style="margin-bottom: 8pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">
              <hr noshade="noshade" align="left" style="height: 1px; width: 100%; color: #003C64; background-color: #003C64; margin-left: 0px; margin-right: auto; border: none;">This is not a solicitation of authority to vote your proxy. Please DO NOT
              send us your proxy card as it will not be accepted.</div>
          </div>
        </div>
        <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="BRPFPageBreakArea">
          <div class="BRPFPageNumberArea"><font style="font-family: 'Times New Roman', Times, serif; color: #000000; font-weight: normal; font-style: normal;" class="BRPFPageNumber">3</font></div>
          <div style="page-break-after: always;" class="BRPFPageBreak">
            <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
          <div style="width: 100%;" class="BRPFPageHeader"></div>
        </div>
        <div> <br>
        </div>
        <div style="text-align: left; font-weight: normal;">
          <div style="text-align: justify; font-family: 'Times New Roman', Times, serif;">kgCO2e/t cement by 2030. Both, the 2030 targeted intensity and the 2021-2030 reduction trend fall short of what is required in a 1.5&#176;C pathway or a well-below 2&#176;C one
            (see table below).</div>
        </div>
        <div style="text-align: left;"><br>
        </div>
        <div style="text-align: left;">
          <table cellspacing="0" cellpadding="0" border="0" id="z32dab157dc6e4e85a3af0285f5f4afb7" style="width: 80%; color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; text-align: left;">

              <tr>
                <td style="width: 60.53%; vertical-align: top; background-color: rgb(255, 255, 255); color: rgb(0, 60, 100); font-family: 'Times New Roman',Times,serif; font-style: normal; font-variant: normal; text-transform: none; border-color: rgb(153, 153, 153); border-style: solid; border-width: 1px;">
                  <div style="font-weight: bold;">Martin Marietta cement intensity</div>
                </td>
                <td style="width: 10.92%; vertical-align: top; background-color: rgb(255, 255, 255); color: rgb(0, 60, 100); font-family: 'Times New Roman',Times,serif; font-style: normal; font-variant: normal; text-transform: none; border-color: rgb(153, 153, 153); border-style: solid; border-width: 1px;">
                  <div>2021</div>
                </td>
                <td style="width: 8.94%; vertical-align: top; background-color: rgb(255, 255, 255); color: rgb(0, 60, 100); font-family: 'Times New Roman',Times,serif; font-style: normal; font-variant: normal; text-transform: none; border-color: rgb(153, 153, 153); border-style: solid; border-width: 1px;">
                  <div>2030</div>
                </td>
                <td style="width: 19.61%; vertical-align: top; background-color: rgb(255, 255, 255); color: rgb(0, 60, 100); font-family: 'Times New Roman',Times,serif; font-style: normal; font-variant: normal; text-transform: none; border-color: rgb(153, 153, 153) rgb(102, 102, 102) rgb(153, 153, 153) rgb(153, 153, 153); border-style: solid; border-width: 1px;">
                  <div>% chg 2021-2030</div>
                </td>
              </tr>
              <tr>
                <td style="width: 60.53%; vertical-align: top; background-color: rgb(255, 255, 255); color: rgb(0, 60, 100); font-family: 'Times New Roman',Times,serif; font-style: normal; font-variant: normal; text-transform: none; border-color: rgb(153, 153, 153); border-style: solid; border-width: 1px;">
                  <div>Original gross CO2 intensity per t cement (US EPA CleanAir Act)</div>
                </td>
                <td style="width: 10.92%; vertical-align: top; background-color: rgb(255, 255, 255); color: rgb(0, 60, 100); font-family: 'Times New Roman',Times,serif; font-style: normal; font-variant: normal; text-transform: none; border-color: rgb(153, 153, 153); border-style: solid; border-width: 1px;">
                  <div>770</div>
                </td>
                <td style="width: 8.94%; vertical-align: top; background-color: rgb(255, 255, 255); color: rgb(0, 60, 100); font-family: 'Times New Roman',Times,serif; font-style: normal; font-variant: normal; text-transform: none; border-color: rgb(153, 153, 153); border-style: solid; border-width: 1px;">
                  <div>711</div>
                </td>
                <td style="width: 19.61%; vertical-align: top; background-color: rgb(255, 255, 255); color: rgb(0, 60, 100); font-family: 'Times New Roman',Times,serif; font-style: normal; font-variant: normal; text-transform: none; border-color: rgb(153, 153, 153) rgb(102, 102, 102) rgb(153, 153, 153) rgb(153, 153, 153); border-style: solid; border-width: 1px;">
                  <div>-8%</div>
                </td>
              </tr>
              <tr>
                <td style="width: 60.53%; vertical-align: top; background-color: rgb(255, 255, 255); color: rgb(0, 60, 100); font-family: 'Times New Roman',Times,serif; font-style: normal; font-variant: normal; text-transform: none; border-color: rgb(153, 153, 153); border-style: solid; border-width: 1px;">
                  <div style="font-weight: bold;">Adjusted gross CO2 intensity per t cement (GHG protocol)</div>
                </td>
                <td style="width: 10.92%; vertical-align: top; background-color: rgb(255, 255, 255); color: rgb(0, 60, 100); font-family: 'Times New Roman',Times,serif; font-style: normal; font-variant: normal; text-transform: none; border-color: rgb(153, 153, 153); border-style: solid; border-width: 1px;">
                  <div style="font-weight: bold;">630 581</div>
                </td>
                <td style="width: 8.94%; vertical-align: top; background-color: rgb(255, 255, 255); color: rgb(0, 60, 100); font-family: 'Times New Roman',Times,serif; font-style: normal; font-variant: normal; text-transform: none; border-color: rgb(153, 153, 153); border-style: solid; border-width: 1px;">
                  <div style="font-weight: bold;">-8%</div>
                </td>
                <td style="width: 19.61%; vertical-align: top; background-color: rgb(255, 255, 255); color: rgb(0, 60, 100); font-family: 'Times New Roman',Times,serif; font-style: normal; font-variant: normal; text-transform: none; border-color: rgb(153, 153, 153) rgb(102, 102, 102) rgb(153, 153, 153) rgb(153, 153, 153); border-style: solid; border-width: 1px;">&#160;</td>
              </tr>
              <tr>
                <td style="width: 60.53%; vertical-align: top; background-color: rgb(255, 255, 255); color: rgb(0, 60, 100); font-family: 'Times New Roman',Times,serif; font-style: normal; font-variant: normal; text-transform: none; border-color: rgb(153, 153, 153); border-style: solid; border-width: 1px;">
                  <div>IEA SDS (well-below 2&#176;C objective) - GHG protocol</div>
                </td>
                <td style="width: 10.92%; vertical-align: top; background-color: rgb(255, 255, 255); color: rgb(0, 60, 100); font-family: 'Times New Roman',Times,serif; font-style: normal; font-variant: normal; text-transform: none; border-color: rgb(153, 153, 153); border-style: solid; border-width: 1px;">
                  <div>576</div>
                </td>
                <td style="width: 8.94%; vertical-align: top; background-color: rgb(255, 255, 255); color: rgb(0, 60, 100); font-family: 'Times New Roman',Times,serif; font-style: normal; font-variant: normal; text-transform: none; border-color: rgb(153, 153, 153); border-style: solid; border-width: 1px;">
                  <div>480</div>
                </td>
                <td style="width: 19.61%; vertical-align: top; background-color: rgb(255, 255, 255); color: rgb(0, 60, 100); font-family: 'Times New Roman',Times,serif; font-style: normal; font-variant: normal; text-transform: none; border-color: rgb(153, 153, 153) rgb(102, 102, 102) rgb(153, 153, 153) rgb(153, 153, 153); border-style: solid; border-width: 1px;">
                  <div>-17%</div>
                </td>
              </tr>
              <tr>
                <td style="width: 60.53%; vertical-align: top; background-color: rgb(255, 255, 255); color: rgb(0, 60, 100); font-family: 'Times New Roman',Times,serif; font-style: normal; font-variant: normal; text-transform: none; border-color: rgb(153, 153, 153); border-style: solid; border-width: 1px;">
                  <div>IEA NZE (1.5&#176;C objective) - GHG protocol</div>
                </td>
                <td style="width: 10.92%; vertical-align: top; background-color: rgb(255, 255, 255); color: rgb(0, 60, 100); font-family: 'Times New Roman',Times,serif; font-style: normal; font-variant: normal; text-transform: none; border-color: rgb(153, 153, 153); border-style: solid; border-width: 1px;">
                  <div>576</div>
                </td>
                <td style="width: 8.94%; vertical-align: top; background-color: rgb(255, 255, 255); color: rgb(0, 60, 100); font-family: 'Times New Roman',Times,serif; font-style: normal; font-variant: normal; text-transform: none; border-color: rgb(153, 153, 153); border-style: solid; border-width: 1px;">
                  <div>446</div>
                </td>
                <td style="width: 19.61%; vertical-align: top; background-color: rgb(255, 255, 255); color: rgb(0, 60, 100); font-family: 'Times New Roman',Times,serif; font-style: normal; font-variant: normal; text-transform: none; border-color: rgb(153, 153, 153) rgb(102, 102, 102) rgb(153, 153, 153) rgb(153, 153, 153); border-style: solid; border-width: 1px;">
                  <div>-23%</div>
                </td>
              </tr>

          </table>
        </div>
        <div style="text-align: left;"><br>
        </div>
        <div style="text-align: left;">
          <div style="text-align: justify; margin-bottom: 8pt; font-weight: normal;">Martin Marietta&#8217;s near-term target falls short of what is needed to shield the Company from material climate risk<font style="font-family: 'Times New Roman', Times, serif;">.</font> However, the Company has a chance to increase its ambition with its mid-term targets as the US regulatory landscape for cement recently underwent a change in favor of lifting mid-term ambition. The vast majority of emissions
            from cement production come from the production of clinker. Since 2022, US industry standards set by the ASTM<sup style="font-family: 'Times New Roman', serif; vertical-align: text-top; line-height: 1; font-size: smaller;">6</sup> allow a displacement of 15% of the clinker in Portland Limestone Cement,
            thereby bringing the clinker content of cement down to 85%. Moreover, this clinker factor can be further reduced to 80% for products used in transportation. Given that the Company&#8217;s current clinker factor ranges around approximately 90%, the
            Proponent estimates that these clinker substitutions, available in the short and mid-term and well-accepted by customers, could deliver a further 5-10% intensity reduction for the Company. This is considered feasible since US-operating cement
            companies, such as GCC<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">7</sup><sup style="font-family: 'Times New Roman', serif; vertical-align: text-top; line-height: 1; font-size: smaller;"></sup>, are already finalizing this change for Portland limestone cement.</div>
          <div style="text-align: justify;"><br>
          </div>
          <table cellspacing="0" cellpadding="0" id="z0c865eba58e946808e54066525a56f47" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000; margin-bottom: 8pt;">

              <tr>
                <td style="width: 18pt;"><br>
                </td>
                <td style="width: 18pt; vertical-align: top;">c.</td>
                <td style="width: auto; vertical-align: top; text-align: justify;">
                  <div><u>The Company&#8217;s mid-term and long-term scope 2 reduction targets rely on the purchase of carbon credits.</u></div>
                </td>
              </tr>

          </table>
          <div style="text-align: justify; font-weight: normal;">The Company targets a &#8220;30% absolute reduction (or offset) on scope 2 emissions by 2030 and a 100% absolute reduction (or offset) by 2050, as compared to 2021 levels&#8221;<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">8</sup><sup style="font-family: 'Times New Roman', serif; vertical-align: text-top; line-height: 1; font-size: smaller;"></sup>. These goals permit the Company to achieve its emission reductions by offsetting emissions via the purchase of carbon credits. The use of carbon credits is incompatible with a
            science-based emissions reduction pathway for scope 2 emissions.<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">9</sup><sup style="font-family: 'Times New Roman', serif; vertical-align: text-top; line-height: 1; font-size: smaller;"></sup></div>
          <div style="font-weight: normal;"><br>
          </div>
          <div style="margin-bottom: 8pt; font-weight: normal;">Even if financing carbon offsetting projects might contribute to mitigating climate change, their inclusion in a company&#8217;s climate targets should be strictly limited to offset residual
            hard-to-abate emissions (i.e. after all technologically and economically viable emissions reductions have occurred). Scope 2 emissions, which are related to the production of power, heat, steam, and cooling purchasedby companies in order to
            operate their activities, are not considered &#8220;hard-to-abate,&#8221; since they can be reduced via renewable energy procurement.
            <div style="font-weight: normal;"><br>
            </div>
            <div style="text-align: justify; font-weight: normal;">Martin Marietta is the only company that plan to use carbon credits to offset its scope 2 emissions within the 20 peer companies<sup style="font-family: 'Times New Roman', serif; vertical-align: text-top; line-height: 1; font-size: smaller;">10</sup>
              the Proponent assessed.</div>
            <div style="font-weight: normal;"><br>
            </div>
          </div>
          <font style="font-weight: normal;"><br>
          </font><br>
          <hr noshade="noshade" align="left" style="background-color: #000000; border: 0px; height: 1px; width: 2in; margin-left: 0pt; margin-right: auto; color: #000000;">
          <div style="text-align: justify; font-weight: normal;"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">6</sup><font style="font-family: 'Times New Roman', Times, serif;"> </font><u><font style="background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(5, 99, 193); font-style: normal; font-variant: normal; text-transform: none;">https://www.astm.org/</font></u></div>
          <div style="text-align: justify; font-weight: normal;"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">7</sup><font style="font-family: 'Times New Roman', Times, serif;"> </font><u><font style="background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(5, 99, 193); font-style: normal; font-variant: normal; text-transform: none;">https://cdn.investorcloud.net/gcc/InformacionFinanciera/InformacionAnual/GCC-2021-Sustainability-Report.pdf</font></u></div>
          <div style="text-align: justify; font-weight: normal;"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">8</sup><font style="font-family: 'Times New Roman', Times, serif;"> </font><u><font style="background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(5, 99, 193); font-style: normal; font-variant: normal; text-transform: none;">https://mcdn.martinmarietta.com/assets/sustainability/2021sustainabilityreport.pdf</font></u></div>
          <div style="text-align: justify; font-weight: normal;"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">9</sup><font style="font-family: 'Times New Roman', Times, serif;"> </font><u><font style="background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(5, 99, 193); font-style: normal; font-variant: normal; text-transform: none;">https://sciencebasedtargets.org/resources/files/SBTi-criteria.pdf</font></u></div>
        </div>
        <div style="text-align: left;">
          <div style="text-align: justify; font-family: 'Times New Roman', Times, serif;"><font style="font-weight: normal;"><sup style="font-family: 'Times New Roman', serif; vertical-align: text-top; line-height: 1; font-size: smaller;">10</sup></font> <font style="font-weight: normal;">Holcim, Heidelberg, Buzzi,
              Cemex, CRH, Ambuja, TCC, CSN, Vicat, Titan, Shree, SIG, Siam Cement, Ultratech, Dalmia, Votorantim Cimentos, Cementos Argos, ACC, GCC, and the Company.</font></div>
        </div>
        <div style="text-align: left;"><br>
        </div>
        <div style="text-align: left;">
          <div><br>
          </div>
          <div>
            <div style="margin-bottom: 8pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">
              <hr noshade="noshade" align="left" style="height: 1px; width: 100%; color: #003C64; background-color: #003C64; margin-left: 0px; margin-right: auto; border: none;">This is not a solicitation of authority to vote your proxy. Please DO NOT
              send us your proxy card as it will not be accepted.</div>
          </div>
        </div>
        <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="BRPFPageBreakArea">
          <div class="BRPFPageNumberArea"><font style="font-family: 'Times New Roman', Times, serif; color: #000000; font-weight: normal; font-style: normal;" class="BRPFPageNumber">4</font></div>
          <div style="page-break-after: always;" class="BRPFPageBreak">
            <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
          <div style="width: 100%;" class="BRPFPageHeader"></div>
        </div>
        <div> <br>
        </div>
        <div style="text-align: left;"><br>
          <table cellspacing="0" cellpadding="0" id="z48846a138154436594b43023c24fae11" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000; margin-bottom: 8pt;">

              <tr>
                <td style="width: 18pt; vertical-align: top; font-family: 'Times New Roman',Times,serif; font-weight: bold;">3)</td>
                <td style="width: auto; vertical-align: top; text-align: justify; font-weight: normal;">
                  <div style="font-family: 'Times New Roman',Times,serif; font-weight: bold;">The Company&#8217;s current decarbonization strategy exposes it to material financial risks.</div>
                </td>
              </tr>

          </table>
          <div style="text-align: justify; margin-bottom: 8pt; font-weight: normal;">The Company describes extensive climate-related risks it faces in its 10-K (including physical risks due to the increased severity and frequency of severe weather and how
            potential legislation aimed at reducing emissions may increase operating costs). However, the current level of disclosure regarding its emissions and its reduction targets do not allow investors to assess whether these risks are being
            effectively mitigated.</div>
          <div style="text-align: justify; margin-bottom: 8pt; font-weight: normal;">While the Company argues that it is more prudent to wait for upcoming regulatory changes, the Proponent believes that addressing the requests made in this Proposal would
            help the Company to manage regulatory risks while aligning with investors&#8217; expectations:</div>
          <table cellspacing="0" cellpadding="0" id="z4dba5accb62f4c07ae56f8d2b413bec1" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000; margin-bottom: 8pt;">

              <tr>
                <td style="width: 18pt;"><br>
                </td>
                <td style="width: 18pt; vertical-align: top;">-</td>
                <td style="width: auto; vertical-align: top; text-align: justify;">
                  <div>SEC Climate rule &#8211; The Company notes in its opposition statement that &#8220;we believe that adopting an approach to collecting and reporting Scope 3 emissions while these rules remain pending is imprudent.&#8221; Whether or not the SEC climate
                    rule requires scope 3 reporting, scope 3 emissions are material for the Company and its shareholders<sup style="font-family: 'Times New Roman', serif; vertical-align: text-top; line-height: 1; font-size: smaller;">2</sup>.</div>
                </td>
              </tr>

          </table>
          <table cellspacing="0" cellpadding="0" id="zf4940597b6634e25baf35ccfdbd32de0" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000; margin-bottom: 8pt;">

              <tr>
                <td style="width: 18pt;"><br>
                </td>
                <td style="width: 18pt; vertical-align: top;">-</td>
                <td style="width: auto; vertical-align: top; text-align: justify;">
                  <div>A pending bill in California<sup style="font-family: 'Times New Roman', serif; vertical-align: text-top; line-height: 1; font-size: smaller;">3</sup> would require scope 3 reporting, regardless of what the final SEC rule requires. Since the Company operates in California and has over $1 billion
                    in annual revenue, it appears that it would be subject to this requirement. The bill was 1 vote short of passing last year, and it has been re-introduced this year.</div>
                </td>
              </tr>

          </table>
          <div style="text-align: justify; font-weight: normal;">More generally, companies not demonstrating sufficient GHG emissions reductions are exposed to financial risks<sup style="font-family: 'Times New Roman', serif; vertical-align: text-top; line-height: 1; font-size: smaller;">4</sup>, including:</div>
          <div style="text-align: justify; font-weight: normal;"> <br>
          </div>
          <table cellspacing="0" cellpadding="0" id="zbb421f6a168b467687aa1b811260a489" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000; margin-bottom: 8pt;">

              <tr>
                <td style="width: 18pt;"><br>
                </td>
                <td style="width: 18pt; vertical-align: top;">o</td>
                <td style="width: auto; vertical-align: top; text-align: justify;">
                  <div>carbon price increases,</div>
                </td>
              </tr>

          </table>
          <table cellspacing="0" cellpadding="0" id="z0590c4a8498c4437afefaa56e8bcd060" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000; margin-bottom: 8pt;">

              <tr>
                <td style="width: 18pt;"><br>
                </td>
                <td style="width: 18pt; vertical-align: top;">o</td>
                <td style="width: auto; vertical-align: top; text-align: justify;">
                  <div>strengthened carbon regulations,</div>
                </td>
              </tr>

          </table>
          <table cellspacing="0" cellpadding="0" id="zbd9959a4d07244e4a4a4df195f7fc606" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000; margin-bottom: 8pt;">

              <tr>
                <td style="width: 18pt;"><br>
                </td>
                <td style="width: 18pt; vertical-align: top;">o</td>
                <td style="width: auto; vertical-align: top; text-align: justify;">
                  <div>stranded assets,</div>
                </td>
              </tr>

          </table>
          <table cellspacing="0" cellpadding="0" id="z5f2e46cca6914092821cb2a86e739284" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000; margin-bottom: 8pt;">

              <tr>
                <td style="width: 18pt;"><br>
                </td>
                <td style="width: 18pt; vertical-align: top;">o</td>
                <td style="width: auto; vertical-align: top; text-align: justify;">
                  <div>loss of market share due to strengthened customer demand for products with lower-carbon footprints, and</div>
                </td>
              </tr>

          </table>
          <table cellspacing="0" cellpadding="0" id="z017ad6b945454e28836978e51bea47c8" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000; margin-bottom: 8pt;">

              <tr>
                <td style="width: 18pt;"><br>
                </td>
                <td style="width: 18pt; vertical-align: top;">o</td>
                <td style="width: auto; vertical-align: top; text-align: justify;">
                  <div>withdrawal of financial support from investors that suffer heightened regulatory and reputational risks regarding their financed emissions.</div>
                </td>
              </tr>

          </table>
          <br>
          <br>
          <hr noshade="noshade" align="left" style="background-color: #000000; border: 0px; height: 1px; width: 2in; margin-left: 0pt; margin-right: auto; color: #000000;">
          <div style="text-align: justify; font-weight: normal;"><sup style="font-family: 'Times New Roman', serif; vertical-align: text-top; line-height: 1; font-size: smaller;">11</sup><font style="font-family: 'Times New Roman', Times, serif;"> </font><u><font style="background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(5, 99, 193); font-style: normal; font-variant: normal; text-transform: none;">https://sciencebasedtargets.org/resources/files/SBTi-Cement-Guidance.pdf</font></u></div>
          <div style="text-align: justify; font-weight: normal;"><sup style="font-family: 'Times New Roman', serif; vertical-align: text-top; line-height: 1; font-size: smaller;">12</sup><font style="font-family: 'Times New Roman', Times, serif;"> </font><u><font style="background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(5, 99, 193); font-style: normal; font-variant: normal; text-transform: none;">https://www.marketplace.org/2023/03/03/california-corporate-emissions-disclosure-could-affect-the-rest-of-the-country/</font></u></div>
          <div style="text-align: justify; font-weight: normal;"><sup style="font-family: 'Times New Roman', serif; vertical-align: text-top; line-height: 1; font-size: smaller;">13 </sup><u><font style="background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(5, 99, 193); font-style: normal; font-variant: normal; text-transform: none;">https://www.tcfdhub.org/Downloads/pdfs/E06%20-%20Climate%20related%20risks%20and%20opportunities.pdf</font></u></div>
        </div>
        <div style="text-align: left;"><br>
        </div>
        <div style="text-align: left;"><br>
        </div>
        <div style="text-align: left;">
          <div><br>
          </div>
          <div>
            <div style="margin-bottom: 8pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">
              <hr noshade="noshade" align="left" style="height: 1px; width: 100%; color: #003C64; background-color: #003C64; margin-left: 0px; margin-right: auto; border: none;">This is not a solicitation of authority to vote your proxy. Please DO NOT
              send us your proxy card as it will not be accepted.</div>
          </div>
        </div>
        <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="BRPFPageBreakArea">
          <div class="BRPFPageNumberArea"><font style="font-family: 'Times New Roman', Times, serif; color: #000000; font-weight: normal; font-style: normal;" class="BRPFPageNumber">5</font></div>
          <div style="page-break-after: always;" class="BRPFPageBreak">
            <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
          <div style="width: 100%;" class="BRPFPageHeader"></div>
        </div>
        <div> <br>
        </div>
        <div style="text-align: left;"><br>
        </div>
        <div style="text-align: left;">
          <div>TABLE 1 <font style="font-weight: normal;">Transition risks and potential impacts on non-financial agents</font></div>
        </div>
      </div>
      <div style="margin-top: 12pt; font-family: 'Times New Roman',Times,serif; font-weight: bold;">
        <table cellspacing="1" cellpadding="1" border="0" id="zed92e992b7d14e9ab9f5e1ac815b65cc" style="width: 80%; color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; text-align: left;">

            <tr>
              <td style="width: 25%; vertical-align: top; background-color: rgb(219, 219, 219);" rowspan="1">&#160;</td>
              <td style="width: 25%; vertical-align: top; text-align: center; background-color: rgb(219, 219, 219);" rowspan="1"><font style="font-weight: bold;">Description</font><br>
              </td>
              <td style="width: 25%; vertical-align: top; text-align: center; background-color: rgb(219, 219, 219);" rowspan="1"><font style="font-weight: bold;">Flow effect </font><br>
              </td>
              <td style="width: 25.01%; vertical-align: top; text-align: center; background-color: rgb(219, 219, 219);" rowspan="1"><font style="font-weight: bold;">Stock effect </font><br>
              </td>
            </tr>
            <tr>
              <td style="width: 25%; vertical-align: top;">
                <div style="font-family: 'Times New Roman',Times,serif;">Market Conditions</div>
              </td>
              <td style="width: 25%; vertical-align: top;">
                <div style="font-family: 'Times New Roman',Times,serif;">Degradation of market conditions</div>
              </td>
              <td style="width: 25%; vertical-align: top;">
                <div style="font-family: 'Times New Roman',Times,serif;">Reduced demand and revenues</div>
                <div style="font-family: 'Times New Roman',Times,serif;"> Higher production costs (energy, inputs)</div>
              </td>
              <td style="width: 25.01%; vertical-align: top;">
                <div style="font-family: 'Times New Roman',Times,serif;">Repricing of assets</div>
                <div style="font-family: 'Times New Roman',Times,serif;"> Asset stranding</div>
              </td>
            </tr>
            <tr>
              <td style="width: 25%; vertical-align: top; background-color: rgb(219, 219, 219);">
                <div style="font-family: 'Times New Roman',Times,serif;">Technological change</div>
              </td>
              <td style="width: 25%; vertical-align: top; background-color: rgb(219, 219, 219);">
                <div style="font-family: 'Times New Roman',Times,serif;">Emergence of competing, low-carbon technologies</div>
              </td>
              <td style="width: 25%; vertical-align: top; background-color: rgb(219, 219, 219);">
                <div style="font-family: 'Times New Roman',Times,serif;">Higher expenses for adaptation (R&amp;D, investment)</div>
              </td>
              <td style="width: 25.01%; vertical-align: top; background-color: rgb(219, 219, 219);">
                <div style="font-family: 'Times New Roman',Times,serif;">Asset stranding</div>
              </td>
            </tr>
            <tr>
              <td style="width: 25%; vertical-align: top;">
                <div style="font-family: 'Times New Roman',Times,serif;">Policy/Regulation</div>
              </td>
              <td style="width: 25%; vertical-align: top;">
                <div style="font-family: 'Times New Roman',Times,serif;">Introduction of carbon tax Phase-in of regulation</div>
              </td>
              <td style="width: 25%; vertical-align: top;">
                <div style="font-family: 'Times New Roman',Times,serif;">Changes in production costs</div>
                <div style="font-family: 'Times New Roman',Times,serif;"> Lower demand due to tighter regulation</div>
              </td>
              <td style="width: 25.01%; vertical-align: top;">
                <div style="font-family: 'Times New Roman',Times,serif;">Accet stranding</div>
              </td>
            </tr>
            <tr>
              <td style="width: 25%; vertical-align: top; background-color: rgb(219, 219, 219);">
                <div style="font-family: 'Times New Roman',Times,serif;">Reputation</div>
              </td>
              <td style="width: 25%; vertical-align: top; background-color: rgb(219, 219, 219);">
                <div style="font-family: 'Times New Roman',Times,serif;">Stigmatization</div>
                <div style="font-family: 'Times New Roman',Times,serif;"> Divestment</div>
                <div style="font-family: 'Times New Roman',Times,serif;"> Change in consumer</div>
                <div style="font-family: 'Times New Roman',Times,serif;"> preferences</div>
              </td>
              <td style="width: 25%; vertical-align: top; background-color: rgb(219, 219, 219);">
                <div style="font-family: 'Times New Roman',Times,serif;">Reduced revenues</div>
              </td>
              <td style="width: 25.01%; vertical-align: top; background-color: rgb(219, 219, 219);">
                <div style="font-family: 'Times New Roman',Times,serif;">Reduced capital availability</div>
              </td>
            </tr>

        </table>
      </div>
      <div style="margin-top: 12pt; font-family: 'Times New Roman',Times,serif; font-weight: bold;">
        <div style="text-align: justify; margin-left: 36pt; margin-bottom: 8pt; font-family: 'Times New Roman', Times, serif;"><font style="font-family: 'Times New Roman',Times,serif; font-style: italic; font-weight: normal;"><u>Source:</u>&#160;</font><u><font style="font-family: 'Times New Roman',Times,serif; font-weight: normal; background-color: rgb(255, 255, 255); color: rgb(5, 99, 193); font-style: normal; font-variant: normal; text-transform: none;">https://onlinelibrary.wiley.com/doi/full/10.1111/joes.12551</font></u></div>
        <div style="margin-bottom: 8pt;"><br>
        </div>
        <table cellspacing="0" cellpadding="0" id="z8d317041805447faafa960751eae8c65" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000; margin-bottom: 8pt;">

            <tr>
              <td style="width: 17.85pt; vertical-align: top; font-weight: bold;">4)</td>
              <td style="width: auto; vertical-align: top; text-align: justify;">
                <div style="font-weight: bold;">The Company lags peers in emissions target-setting and disclosure.</div>
              </td>
            </tr>

        </table>
        <div style="text-align: justify; margin-bottom: 8pt; font-weight: normal;">The Company claims in its opposition statement that the Proponent has misclassified it as a cement company, and therefore this proposal is &#8220;unworkable.&#8221; The Proponent
          believes comparing the Company with other cement-producing companies remains relevant from a climate standpoint because cement represented 59% of Martin Marietta scope 1 emissions in 2021, as well as the majority of emissions covered by the
          Company&#8217;s current targets. Therefore, comparing the Company&#8217;s cement target is the best proxy the Company currently provides to investors to assess its alignment with the Paris Agreement goals.</div>
        <table cellspacing="0" cellpadding="0" id="za2f76e734990498f8cfb0ab2eaf1e087" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000; margin-bottom: 8pt;">

            <tr>
              <td style="width: 18pt;"><br>
              </td>
              <td style="width: 18pt; vertical-align: top;">a.</td>
              <td style="width: auto; vertical-align: top; text-align: justify;">
                <div><u>The Company lags other cement producers on carbon targets</u></div>
              </td>
            </tr>

        </table>
        <div style="text-align: justify; margin-bottom: 8pt; font-weight: normal;">Out of the 20 cement-producing companies<sup style="font-family: 'Times New Roman', serif; vertical-align: text-top; line-height: 1; font-size: smaller;">14</sup> the Proponent has analyzed (see table below), Martin Marietta&#8217;s targeted
          cement intensity by 2030 (581 kg CO2e/t cement) is the 2<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">nd</sup> highest of the sample (ranging from 373 to 585). Furthermore, its targeted annual reduction rate (0.9% on a compounded basis) from 2020 levels is the lowest of the whole sample
          (ranging from 0.9% to 4.4%). For example, GCC targets an intensity of 531 kg CO2e/t cement by 2030<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">15</sup><sup style="font-family: 'Times New Roman', serif; vertical-align: text-top; line-height: 1; font-size: smaller;"></sup>, implying a 31% intensity reduction as compared to 2015 levels, or a 3.8%
          annual compounded reduction as compared to 2021 levels.</div>
        <div style="text-align: justify; margin-bottom: 8pt; font-weight: normal;">The Proponent considers GCC, headquartered in Mexico, to be a relevant peer of Martin Marietta on the cement activity since it is of similar size, market, and US regulatory
          constraints. Facts about GCC include:</div>
        <br>
        <table cellspacing="0" cellpadding="0" id="z2fad7a1131b6442b8e6445dd3be045e6" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000; margin-bottom: 8pt;">

            <tr>
              <td style="width: 18pt;"><br>
              </td>
              <td style="width: 18pt; vertical-align: top;">-</td>
              <td style="width: auto; vertical-align: top; text-align: justify;">
                <div>62%<sup style="font-family: 'Times New Roman', serif; vertical-align: text-top; line-height: 1; font-size: smaller;">16</sup> of GCC scope 1 emissions comes from cement production in the US, and 72%<sup style="font-family: 'Times New Roman', serif; vertical-align: text-top; line-height: 1; font-size: smaller;">17</sup> of GCC revenue are generated in the
                  US, as compared to around 100%<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">18</sup><sup style="font-family: 'Times New Roman', serif; vertical-align: text-top; line-height: 1; font-size: smaller;"></sup> for Martin Marietta.</div>
              </td>
            </tr>

        </table>
        <div style="margin-bottom: 8pt; font-weight: normal;"><u> <br>
          </u></div>
        <br>
        <hr noshade="noshade" align="left" style="height: 1px; width: 10%; color: #000000; background-color: #000000; margin-left: 0px; margin-right: auto; border: none;">
        <div style="text-align: justify; font-weight: normal;"><sup style="font-family: 'Times New Roman', serif; vertical-align: text-top; line-height: 1; font-size: smaller;">1</sup><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">4</sup> Holcim, Heidelberg, Buzzi, Cemex, CRH, Ambuja, TCC, CSN, Vicat, Titan, Shree, SIG, Siam Cement, Ultratech, Dalmia,
          Votorantim Cimentos, Cementos Argos, ACC, GCC, and the Company.</div>
        <div style="text-align: justify; font-weight: normal;"><sup style="font-family: 'Times New Roman', serif; vertical-align: text-top; line-height: 1; font-size: smaller;">15</sup><u><font style="background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(5, 99, 193); font-style: normal; font-variant: normal; text-transform: none;">&#160;https://cdn.investorcloud.net/gcc/InformacionFinanciera/Presentaciones/GCC-Corporate-Presentation-Q4-2022-.pdf</font></u></div>
        <div style="text-align: justify; font-weight: normal;"><sup style="font-family: 'Times New Roman', serif; vertical-align: text-top; line-height: 1; font-size: smaller;">16</sup><font style="font-family: 'Times New Roman', Times, serif;">&#160;</font><u><font style="background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(5, 99, 193); font-style: normal; font-variant: normal; text-transform: none;">https://www.cdp.net/en/responses?queries%5Bname%5D=gcc</font></u></div>
        <div style="text-align: justify; font-weight: normal;"><sup style="font-family: 'Times New Roman', serif; vertical-align: text-top; line-height: 1; font-size: smaller;">17</sup><font style="font-family: 'Times New Roman', Times, serif;">&#160;</font><u><font style="background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(5, 99, 193); font-style: normal; font-variant: normal; text-transform: none;">https://cdn.investorcloud.net/gcc/InformacionFinanciera/InformacionAnual/GCC-Reporte-anual-2021-en.pdf</font></u></div>
        <div style="text-align: justify; font-weight: normal;"><sup style="font-family: 'Times New Roman', serif; vertical-align: text-top; line-height: 1; font-size: smaller;">18</sup><font style="font-family: 'Times New Roman', Times, serif;">&#160;</font><u><font style="background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(5, 99, 193); font-style: normal; font-variant: normal; text-transform: none;">https://ir.martinmarietta.com/static-files/18549676-62aa-485f-8845-49b5dfee88cb</font></u></div>
        <div style="text-align: justify; font-weight: normal;"><u><font style="background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(5, 99, 193); font-style: normal; font-variant: normal; text-transform: none;"> <br>
            </font></u></div>
      </div>
      <div style="margin-top: 12pt; font-family: 'Times New Roman',Times,serif; font-weight: bold;">
        <div><br>
        </div>
        <div>
          <div style="margin-bottom: 8pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">
            <hr noshade="noshade" align="left" style="height: 1px; width: 100%; color: #003C64; background-color: #003C64; margin-left: 0px; margin-right: auto; border: none;">This is not a solicitation of authority to vote your proxy. Please DO NOT send
            us your proxy card as it will not be accepted.</div>
        </div>
        <font style="background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(5, 99, 193); font-style: normal; font-variant: normal; text-transform: none;"> </font></div>
      <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="BRPFPageBreakArea">
        <div style="text-align: right;" class="BRPFPageNumberArea"><font style="color: #000000; font-weight: normal; font-style: normal;" class="BRPFPageNumber">6</font></div>
        <div style="page-break-after: always;" class="BRPFPageBreak">
          <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
        <div style="width: 100%;" class="BRPFPageHeader"></div>
      </div>
      <div style="margin-top: 12pt; font-family: 'Times New Roman',Times,serif; font-weight: bold;"><u> </u></div>
      <div style="margin-top: 12pt; font-family: 'Times New Roman',Times,serif; font-weight: bold;"><br>
        <table cellspacing="0" cellpadding="0" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000; margin-bottom: 8pt;">

            <tr>
              <td style="width: 18pt;"><br>
              </td>
              <td style="width: 18pt; vertical-align: top;">-</td>
              <td style="width: auto; vertical-align: top; text-align: justify;">
                <div>GCC cement capacity (5.8 Mt<sup style="font-family: 'Times New Roman', serif; vertical-align: text-top; line-height: 1; font-size: smaller;">19</sup>) is similar to Martin Marietta&#8217;s (4.5 Mt<sup style="font-family: 'Times New Roman', serif; vertical-align: text-top; line-height: 1; font-size: smaller;">20</sup>)</div>
              </td>
            </tr>

        </table>
        <div style="margin-bottom: 8pt; font-weight: normal;">
          <table cellspacing="0" cellpadding="0" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000; margin-bottom: 8pt;">

              <tr>
                <td style="width: 18pt;"><br>
                </td>
                <td style="width: 18pt; vertical-align: top;">-</td>
                <td style="width: auto; vertical-align: top; text-align: justify;">
                  <div>GCC 2021 revenue (1.04 $bn<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">21</sup>) and profit (0.34 $bn<sup style="font-family: 'Times New Roman', serif; vertical-align: text-top; line-height: 1; font-size: smaller;">22</sup>) are around four times lower than Martin Marietta 2021 results<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">23</sup> (respectively 5.41 $bn and 1.35
                    $bn), implying a lower investment capacity.</div>
                </td>
              </tr>

          </table>
        </div>
        <div style="margin-bottom: 8pt; font-weight: normal;"><u>Companies&#8217; cement carbon intensity and targets:</u></div>
        <br>
        <table cellspacing="0" cellpadding="0" border="0" id="z4a58574fcfd6422daa2214530e6eb3e6" style="width: 80%; color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; text-align: left;">

            <tr>
              <td style="width: 29.41%; vertical-align: top; background-color: rgb(255, 255, 255); font-weight: bold; color: rgb(0, 60, 100); font-family: 'Times New Roman',Times,serif; font-style: normal; font-variant: normal; text-transform: none;">
                <div>CO2 intensity (kgCO2e/t</div>
                <div> cement or cementitious)</div>
              </td>
              <td style="width: 9.08%; vertical-align: top; background-color: rgb(255, 255, 255); font-weight: bold; color: rgb(0, 60, 100); font-family: 'Times New Roman',Times,serif; font-style: normal; font-variant: normal; text-transform: none;">
                <div>Gross</div>
                <div> or net</div>
              </td>
              <td style="width: 8.79%; vertical-align: top; background-color: rgb(255, 255, 255); font-weight: bold; color: rgb(0, 60, 100); font-family: 'Times New Roman',Times,serif; font-style: normal; font-variant: normal; text-transform: none;">
                <div>2020</div>
              </td>
              <td style="width: 8.78%; vertical-align: top; background-color: rgb(255, 255, 255); font-weight: bold; color: rgb(0, 60, 100); font-family: 'Times New Roman',Times,serif; font-style: normal; font-variant: normal; text-transform: none;">
                <div>2021</div>
              </td>
              <td style="width: 8.79%; vertical-align: top; background-color: rgb(255, 255, 255); font-weight: bold; color: rgb(0, 60, 100); font-family: 'Times New Roman',Times,serif; font-style: normal; font-variant: normal; text-transform: none;">
                <div>Target</div>
              </td>
              <td style="width: 8.47%; vertical-align: top; background-color: rgb(255, 255, 255); font-weight: bold; color: rgb(0, 60, 100); font-family: 'Times New Roman',Times,serif; font-style: normal; font-variant: normal; text-transform: none;">
                <div>Date</div>
              </td>
              <td style="width: 8%; vertical-align: top; background-color: rgb(255, 255, 255); font-weight: bold; color: rgb(0, 60, 100); font-family: 'Times New Roman',Times,serif; font-style: normal; font-variant: normal; text-transform: none;">
                <div>CAGR<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">14</sup> 2021-2030</div>
              </td>
              <td style="width: 8%; vertical-align: top; background-color: rgb(255, 255, 255); font-weight: bold; color: rgb(0, 60, 100); font-family: 'Times New Roman',Times,serif; font-style: normal; font-variant: normal; text-transform: none;">
                <div>SBTi status</div>
              </td>
            </tr>
            <tr>
              <td nowrap="nowrap" style="width: 29.41%; vertical-align: top; background-color: rgb(255, 255, 255); font-weight: bold; color: rgb(230, 50, 94); font-family: 'Times New Roman',Times,serif; font-style: normal; font-variant: normal; text-transform: none; border-top: 1px solid rgb(51, 51, 51); border-right: 1px solid rgb(51, 51, 51);">
                <div><font style="font-style: italic;">Martin Marietta<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">i</sup></font></div>
              </td>
              <td nowrap="nowrap" style="width: 9.08%; vertical-align: top; background-color: rgb(219, 219, 219); font-weight: bold; color: rgb(230, 50, 94); font-family: 'Times New Roman',Times,serif; font-style: normal; font-variant: normal; text-transform: none; border-top: 1px solid rgb(51, 51, 51); border-right: 1px solid rgb(51, 51, 51);">
                <div>gross</div>
              </td>
              <td style="width: 8.79%; vertical-align: top; background-color: rgb(219, 219, 219); font-weight: bold; color: rgb(230, 50, 94); font-family: 'Times New Roman',Times,serif; font-style: normal; font-variant: normal; text-transform: none; border-top: 1px solid rgb(51, 51, 51); border-right: 1px solid rgb(51, 51, 51);">
                <div>660</div>
              </td>
              <td style="width: 8.78%; vertical-align: top; background-color: rgb(219, 219, 219); font-weight: bold; color: rgb(230, 50, 94); font-family: 'Times New Roman',Times,serif; font-style: normal; font-variant: normal; text-transform: none; border-top: 1px solid rgb(51, 51, 51); border-right: 1px solid rgb(51, 51, 51);">
                <div>630</div>
              </td>
              <td nowrap="nowrap" style="width: 8.79%; vertical-align: top; background-color: rgb(219, 219, 219); font-weight: bold; color: rgb(230, 50, 94); font-family: 'Times New Roman',Times,serif; font-style: normal; font-variant: normal; text-transform: none; border-top: 1px solid rgb(51, 51, 51); border-right: 1px solid rgb(51, 51, 51);">
                <div>581</div>
              </td>
              <td nowrap="nowrap" style="width: 8.47%; vertical-align: top; background-color: rgb(219, 219, 219); font-weight: bold; color: rgb(230, 50, 94); font-family: 'Times New Roman',Times,serif; font-style: normal; font-variant: normal; text-transform: none; border-top: 1px solid rgb(51, 51, 51); border-right: 1px solid rgb(51, 51, 51);">
                <div>2030</div>
              </td>
              <td nowrap="nowrap" style="width: 8%; vertical-align: top; background-color: rgb(219, 219, 219); font-weight: bold; color: rgb(230, 50, 94); font-family: 'Times New Roman',Times,serif; font-style: normal; font-variant: normal; text-transform: none; border-top: 1px solid rgb(51, 51, 51); border-right: 1px solid rgb(51, 51, 51);">
                <div>-0,9%</div>
              </td>
              <td nowrap="nowrap" style="width: 8%; vertical-align: top; background-color: rgb(219, 219, 219); font-weight: bold; color: rgb(230, 50, 94); font-family: 'Times New Roman',Times,serif; font-style: normal; font-variant: normal; text-transform: none; border-top: 1px solid rgb(51, 51, 51); border-right: 1px solid rgb(51, 51, 51);">
                <div>No</div>
              </td>
            </tr>
            <tr>
              <td nowrap="nowrap" style="width: 29.41%; vertical-align: top; background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(0, 60, 100); font-family: 'Times New Roman',Times,serif; font-style: italic; font-variant: normal; text-transform: none; border-right: 1px solid rgb(51, 51, 51);">
                <div><font style="background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(0, 60, 100); font-style: italic; font-variant: normal; text-transform: none;">Votorantim Cimentos</font><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">ii</sup></div>
              </td>
              <td nowrap="nowrap" style="width: 9.08%; vertical-align: top; background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(0, 60, 100); font-family: 'Times New Roman',Times,serif; font-style: normal; font-variant: normal; text-transform: none; border-top: 1px solid rgb(51, 51, 51); border-right: 1px solid rgb(51, 51, 51);">
                <div>gross</div>
              </td>
              <td style="width: 8.79%; vertical-align: top; background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(0, 60, 100); font-family: 'Times New Roman',Times,serif; font-style: normal; font-variant: normal; text-transform: none; border-top: 1px solid rgb(51, 51, 51); border-right: 1px solid rgb(51, 51, 51);">
                <div>599</div>
              </td>
              <td style="width: 8.78%; vertical-align: top; background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(0, 60, 100); font-family: 'Times New Roman',Times,serif; font-style: normal; font-variant: normal; text-transform: none; border-top: 1px solid rgb(51, 51, 51); border-right: 1px solid rgb(51, 51, 51);">
                <div>619</div>
              </td>
              <td nowrap="nowrap" style="width: 8.79%; vertical-align: top; background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(0, 60, 100); font-family: 'Times New Roman',Times,serif; font-style: normal; font-variant: normal; text-transform: none; border-top: 1px solid rgb(51, 51, 51); border-right: 1px solid rgb(51, 51, 51);">
                <div>520</div>
              </td>
              <td nowrap="nowrap" style="width: 8.47%; vertical-align: top; background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(0, 60, 100); font-family: 'Times New Roman',Times,serif; font-style: normal; font-variant: normal; text-transform: none; border-top: 1px solid rgb(51, 51, 51); border-right: 1px solid rgb(51, 51, 51);">
                <div>2030</div>
              </td>
              <td nowrap="nowrap" style="width: 8%; vertical-align: top; background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(0, 60, 100); font-family: 'Times New Roman',Times,serif; font-style: normal; font-variant: normal; text-transform: none; border-top: 1px solid rgb(51, 51, 51); border-right: 1px solid rgb(51, 51, 51);">
                <div>-1,9%</div>
              </td>
              <td nowrap="nowrap" style="width: 8%; vertical-align: top; background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(0, 60, 100); font-family: 'Times New Roman',Times,serif; font-style: normal; font-variant: normal; text-transform: none; border-top: 1px solid rgb(51, 51, 51); border-right: 1px solid rgb(51, 51, 51);">
                <div>WB2&#176;C</div>
              </td>
            </tr>
            <tr>
              <td nowrap="nowrap" style="width: 29.41%; vertical-align: top; background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(0, 60, 100); font-family: 'Times New Roman',Times,serif; font-style: italic; font-variant: normal; text-transform: none; border-right: 1px solid rgb(51, 51, 51);">
                <div>Shree<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">iii</sup></div>
              </td>
              <td nowrap="nowrap" style="width: 9.08%; vertical-align: top; background-color: rgb(219, 219, 219); font-weight: normal; color: rgb(0, 60, 100); font-family: 'Times New Roman',Times,serif; font-style: normal; font-variant: normal; text-transform: none; border-top: 1px solid rgb(51, 51, 51); border-right: 1px solid rgb(51, 51, 51);">
                <div>gross</div>
              </td>
              <td style="width: 8.79%; vertical-align: top; background-color: rgb(219, 219, 219); font-weight: normal; color: rgb(0, 60, 100); font-family: 'Times New Roman',Times,serif; font-style: normal; font-variant: normal; text-transform: none; border-top: 1px solid rgb(51, 51, 51); border-right: 1px solid rgb(51, 51, 51);">
                <div>579</div>
              </td>
              <td style="width: 8.78%; vertical-align: top; background-color: rgb(219, 219, 219); font-weight: normal; color: rgb(0, 60, 100); font-family: 'Times New Roman',Times,serif; font-style: normal; font-variant: normal; text-transform: none; border-top: 1px solid rgb(51, 51, 51); border-right: 1px solid rgb(51, 51, 51);">
                <div>565</div>
              </td>
              <td nowrap="nowrap" style="width: 8.79%; vertical-align: top; background-color: rgb(219, 219, 219); font-weight: normal; color: rgb(0, 60, 100); font-family: 'Times New Roman',Times,serif; font-style: normal; font-variant: normal; text-transform: none; border-top: 1px solid rgb(51, 51, 51); border-right: 1px solid rgb(51, 51, 51);">
                <div>474</div>
              </td>
              <td nowrap="nowrap" style="width: 8.47%; vertical-align: top; background-color: rgb(219, 219, 219); font-weight: normal; color: rgb(0, 60, 100); font-family: 'Times New Roman',Times,serif; font-style: normal; font-variant: normal; text-transform: none; border-top: 1px solid rgb(51, 51, 51); border-right: 1px solid rgb(51, 51, 51);">
                <div>2030</div>
              </td>
              <td nowrap="nowrap" style="width: 8%; vertical-align: top; background-color: rgb(219, 219, 219); font-weight: normal; color: rgb(0, 60, 100); font-family: 'Times New Roman',Times,serif; font-style: normal; font-variant: normal; text-transform: none; border-top: 1px solid rgb(51, 51, 51); border-right: 1px solid rgb(51, 51, 51);">
                <div>-1,9%</div>
              </td>
              <td nowrap="nowrap" style="width: 8%; vertical-align: top; background-color: rgb(219, 219, 219); font-weight: normal; color: rgb(0, 60, 100); font-family: 'Times New Roman',Times,serif; font-style: normal; font-variant: normal; text-transform: none; border-top: 1px solid rgb(51, 51, 51); border-right: 1px solid rgb(51, 51, 51);">
                <div>2&#176;C</div>
              </td>
            </tr>
            <tr>
              <td nowrap="nowrap" style="width: 29.41%; vertical-align: top; background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(0, 60, 100); font-family: 'Times New Roman',Times,serif; font-style: italic; font-variant: normal; text-transform: none; border-right: 1px solid rgb(51, 51, 51);">
                <div>Vicat<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">iv</sup></div>
              </td>
              <td nowrap="nowrap" style="width: 9.08%; vertical-align: top; background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(0, 60, 100); font-family: 'Times New Roman',Times,serif; font-style: normal; font-variant: normal; text-transform: none; border-top: 1px solid rgb(51, 51, 51); border-right: 1px solid rgb(51, 51, 51);">
                <div>gross</div>
              </td>
              <td style="width: 8.79%; vertical-align: top; background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(0, 60, 100); font-family: 'Times New Roman',Times,serif; font-style: normal; font-variant: normal; text-transform: none; border-top: 1px solid rgb(51, 51, 51); border-right: 1px solid rgb(51, 51, 51);">
                <div>664</div>
              </td>
              <td style="width: 8.78%; vertical-align: top; background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(0, 60, 100); font-family: 'Times New Roman',Times,serif; font-style: normal; font-variant: normal; text-transform: none; border-top: 1px solid rgb(51, 51, 51); border-right: 1px solid rgb(51, 51, 51);">
                <div>653</div>
              </td>
              <td nowrap="nowrap" style="width: 8.79%; vertical-align: top; background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(0, 60, 100); font-family: 'Times New Roman',Times,serif; font-style: normal; font-variant: normal; text-transform: none; border-top: 1px solid rgb(51, 51, 51); border-right: 1px solid rgb(51, 51, 51);">
                <div>540</div>
              </td>
              <td nowrap="nowrap" style="width: 8.47%; vertical-align: top; background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(0, 60, 100); font-family: 'Times New Roman',Times,serif; font-style: normal; font-variant: normal; text-transform: none; border-top: 1px solid rgb(51, 51, 51); border-right: 1px solid rgb(51, 51, 51);">
                <div>2030</div>
              </td>
              <td nowrap="nowrap" style="width: 8%; vertical-align: top; background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(0, 60, 100); font-family: 'Times New Roman',Times,serif; font-style: normal; font-variant: normal; text-transform: none; border-top: 1px solid rgb(51, 51, 51); border-right: 1px solid rgb(51, 51, 51);">
                <div>-2,1%</div>
              </td>
              <td nowrap="nowrap" style="width: 8%; vertical-align: top; background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(0, 60, 100); font-family: 'Times New Roman',Times,serif; font-style: normal; font-variant: normal; text-transform: none; border-top: 1px solid rgb(51, 51, 51); border-right: 1px solid rgb(51, 51, 51);">
                <div>No</div>
              </td>
            </tr>
            <tr>
              <td nowrap="nowrap" style="width: 29.41%; vertical-align: top; background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(0, 60, 100); font-family: 'Times New Roman',Times,serif; font-style: italic; font-variant: normal; text-transform: none; border-right: 1px solid rgb(51, 51, 51);">
                <div>SIG (Pt Semen)<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">v</sup></div>
              </td>
              <td nowrap="nowrap" style="width: 9.08%; vertical-align: top; background-color: rgb(219, 219, 219); font-weight: normal; color: rgb(0, 60, 100); font-family: 'Times New Roman',Times,serif; font-style: normal; font-variant: normal; text-transform: none; border-top: 1px solid rgb(51, 51, 51); border-right: 1px solid rgb(51, 51, 51);">
                <div>gross</div>
              </td>
              <td style="width: 8.79%; vertical-align: top; background-color: rgb(219, 219, 219); font-weight: normal; color: rgb(0, 60, 100); font-family: 'Times New Roman',Times,serif; font-style: normal; font-variant: normal; text-transform: none; border-top: 1px solid rgb(51, 51, 51); border-right: 1px solid rgb(51, 51, 51);">
                <div>658</div>
              </td>
              <td style="width: 8.78%; vertical-align: top; background-color: rgb(219, 219, 219); font-weight: normal; color: rgb(0, 60, 100); font-family: 'Times New Roman',Times,serif; font-style: normal; font-variant: normal; text-transform: none; border-top: 1px solid rgb(51, 51, 51); border-right: 1px solid rgb(51, 51, 51);">
                <div>636</div>
              </td>
              <td nowrap="nowrap" style="width: 8.79%; vertical-align: top; background-color: rgb(219, 219, 219); font-weight: normal; color: rgb(0, 60, 100); font-family: 'Times New Roman',Times,serif; font-style: normal; font-variant: normal; text-transform: none; border-top: 1px solid rgb(51, 51, 51); border-right: 1px solid rgb(51, 51, 51);">
                <div>520</div>
              </td>
              <td nowrap="nowrap" style="width: 8.47%; vertical-align: top; background-color: rgb(219, 219, 219); font-weight: normal; color: rgb(0, 60, 100); font-family: 'Times New Roman',Times,serif; font-style: normal; font-variant: normal; text-transform: none; border-top: 1px solid rgb(51, 51, 51); border-right: 1px solid rgb(51, 51, 51);">
                <div>2032</div>
              </td>
              <td nowrap="nowrap" style="width: 8%; vertical-align: top; background-color: rgb(219, 219, 219); font-weight: normal; color: rgb(0, 60, 100); font-family: 'Times New Roman',Times,serif; font-style: normal; font-variant: normal; text-transform: none; border-top: 1px solid rgb(51, 51, 51); border-right: 1px solid rgb(51, 51, 51);">
                <div>-2,2%</div>
              </td>
              <td nowrap="nowrap" style="width: 8%; vertical-align: top; background-color: rgb(219, 219, 219); font-weight: normal; color: rgb(0, 60, 100); font-family: 'Times New Roman',Times,serif; font-style: normal; font-variant: normal; text-transform: none; border-top: 1px solid rgb(51, 51, 51); border-right: 1px solid rgb(51, 51, 51);">
                <div>Committed</div>
              </td>
            </tr>
            <tr>
              <td nowrap="nowrap" style="width: 29.41%; vertical-align: top; background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(0, 60, 100); font-family: 'Times New Roman',Times,serif; font-style: italic; font-variant: normal; text-transform: none; border-right: 1px solid rgb(51, 51, 51);">
                <div>Cementos Argos<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">vi</sup></div>
              </td>
              <td nowrap="nowrap" style="width: 9.08%; vertical-align: top; background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(0, 60, 100); font-family: 'Times New Roman',Times,serif; font-style: normal; font-variant: normal; text-transform: none; border-top: 1px solid rgb(51, 51, 51); border-right: 1px solid rgb(51, 51, 51);">
                <div>gross</div>
              </td>
              <td style="width: 8.79%; vertical-align: top; background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(0, 60, 100); font-family: 'Times New Roman',Times,serif; font-style: normal; font-variant: normal; text-transform: none; border-top: 1px solid rgb(51, 51, 51); border-right: 1px solid rgb(51, 51, 51);">
                <div>643</div>
              </td>
              <td style="width: 8.78%; vertical-align: top; background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(0, 60, 100); font-family: 'Times New Roman',Times,serif; font-style: normal; font-variant: normal; text-transform: none; border-top: 1px solid rgb(51, 51, 51); border-right: 1px solid rgb(51, 51, 51);">
                <div>645</div>
              </td>
              <td nowrap="nowrap" style="width: 8.79%; vertical-align: top; background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(0, 60, 100); font-family: 'Times New Roman',Times,serif; font-style: normal; font-variant: normal; text-transform: none; border-top: 1px solid rgb(51, 51, 51); border-right: 1px solid rgb(51, 51, 51);">
                <div>523</div>
              </td>
              <td nowrap="nowrap" style="width: 8.47%; vertical-align: top; background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(0, 60, 100); font-family: 'Times New Roman',Times,serif; font-style: normal; font-variant: normal; text-transform: none; border-top: 1px solid rgb(51, 51, 51); border-right: 1px solid rgb(51, 51, 51);">
                <div>2030</div>
              </td>
              <td nowrap="nowrap" style="width: 8%; vertical-align: top; background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(0, 60, 100); font-family: 'Times New Roman',Times,serif; font-style: normal; font-variant: normal; text-transform: none; border-top: 1px solid rgb(51, 51, 51); border-right: 1px solid rgb(51, 51, 51);">
                <div>-2,3%</div>
              </td>
              <td nowrap="nowrap" style="width: 8%; vertical-align: top; background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(0, 60, 100); font-family: 'Times New Roman',Times,serif; font-style: normal; font-variant: normal; text-transform: none; border-top: 1px solid rgb(51, 51, 51); border-right: 1px solid rgb(51, 51, 51);">
                <div>WB2&#176;C</div>
              </td>
            </tr>
            <tr>
              <td nowrap="nowrap" style="width: 29.41%; vertical-align: top; background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(0, 60, 100); font-family: 'Times New Roman',Times,serif; font-style: italic; font-variant: normal; text-transform: none; border-right: 1px solid rgb(51, 51, 51);">
                <div>CRH<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">vii</sup></div>
              </td>
              <td nowrap="nowrap" style="width: 9.08%; vertical-align: top; background-color: rgb(219, 219, 219); font-weight: normal; color: rgb(0, 60, 100); font-family: 'Times New Roman',Times,serif; font-style: normal; font-variant: normal; text-transform: none; border-top: 1px solid rgb(51, 51, 51); border-right: 1px solid rgb(51, 51, 51);">
                <div>gross</div>
              </td>
              <td style="width: 8.79%; vertical-align: top; background-color: rgb(219, 219, 219); font-weight: normal; color: rgb(0, 60, 100); font-family: 'Times New Roman',Times,serif; font-style: normal; font-variant: normal; text-transform: none; border-top: 1px solid rgb(51, 51, 51); border-right: 1px solid rgb(51, 51, 51);">
                <div>630</div>
              </td>
              <td style="width: 8.78%; vertical-align: top; background-color: rgb(219, 219, 219); font-weight: normal; color: rgb(0, 60, 100); font-family: 'Times New Roman',Times,serif; font-style: normal; font-variant: normal; text-transform: none; border-top: 1px solid rgb(51, 51, 51); border-right: 1px solid rgb(51, 51, 51);">
                <div>644</div>
              </td>
              <td nowrap="nowrap" style="width: 8.79%; vertical-align: top; background-color: rgb(219, 219, 219); font-weight: normal; color: rgb(0, 60, 100); font-family: 'Times New Roman',Times,serif; font-style: normal; font-variant: normal; text-transform: none; border-top: 1px solid rgb(51, 51, 51); border-right: 1px solid rgb(51, 51, 51);">
                <div>520</div>
              </td>
              <td nowrap="nowrap" style="width: 8.47%; vertical-align: top; background-color: rgb(219, 219, 219); font-weight: normal; color: rgb(0, 60, 100); font-family: 'Times New Roman',Times,serif; font-style: normal; font-variant: normal; text-transform: none; border-top: 1px solid rgb(51, 51, 51); border-right: 1px solid rgb(51, 51, 51);">
                <div>2025</div>
              </td>
              <td nowrap="nowrap" style="width: 8%; vertical-align: top; background-color: rgb(219, 219, 219); font-weight: normal; color: rgb(0, 60, 100); font-family: 'Times New Roman',Times,serif; font-style: normal; font-variant: normal; text-transform: none; border-top: 1px solid rgb(51, 51, 51); border-right: 1px solid rgb(51, 51, 51);">
                <div>-2,3%</div>
              </td>
              <td nowrap="nowrap" style="width: 8%; vertical-align: top; background-color: rgb(219, 219, 219); font-weight: normal; color: rgb(0, 60, 100); font-family: 'Times New Roman',Times,serif; font-style: normal; font-variant: normal; text-transform: none; border-top: 1px solid rgb(51, 51, 51); border-right: 1px solid rgb(51, 51, 51);">
                <div>1.5&#176;C</div>
              </td>
            </tr>
            <tr>
              <td nowrap="nowrap" style="width: 29.41%; vertical-align: top; background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(0, 60, 100); font-family: 'Times New Roman',Times,serif; font-style: italic; font-variant: normal; text-transform: none; border-right: 1px solid rgb(51, 51, 51);">
                <div>Holcim<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">viii</sup></div>
              </td>
              <td nowrap="nowrap" style="width: 9.08%; vertical-align: top; background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(0, 60, 100); font-family: 'Times New Roman',Times,serif; font-style: normal; font-variant: normal; text-transform: none; border-top: 1px solid rgb(51, 51, 51); border-right: 1px solid rgb(51, 51, 51);">
                <div>gross</div>
              </td>
              <td style="width: 8.79%; vertical-align: top; background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(0, 60, 100); font-family: 'Times New Roman',Times,serif; font-style: normal; font-variant: normal; text-transform: none; border-top: 1px solid rgb(51, 51, 51); border-right: 1px solid rgb(51, 51, 51);">
                <div>585</div>
              </td>
              <td style="width: 8.78%; vertical-align: top; background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(0, 60, 100); font-family: 'Times New Roman',Times,serif; font-style: normal; font-variant: normal; text-transform: none; border-top: 1px solid rgb(51, 51, 51); border-right: 1px solid rgb(51, 51, 51);">
                <div>590</div>
              </td>
              <td nowrap="nowrap" style="width: 8.79%; vertical-align: top; background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(0, 60, 100); font-family: 'Times New Roman',Times,serif; font-style: normal; font-variant: normal; text-transform: none; border-top: 1px solid rgb(51, 51, 51); border-right: 1px solid rgb(51, 51, 51);">
                <div>475</div>
              </td>
              <td nowrap="nowrap" style="width: 8.47%; vertical-align: top; background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(0, 60, 100); font-family: 'Times New Roman',Times,serif; font-style: normal; font-variant: normal; text-transform: none; border-top: 1px solid rgb(51, 51, 51); border-right: 1px solid rgb(51, 51, 51);">
                <div>2030</div>
              </td>
              <td nowrap="nowrap" style="width: 8%; vertical-align: top; background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(0, 60, 100); font-family: 'Times New Roman',Times,serif; font-style: normal; font-variant: normal; text-transform: none; border-top: 1px solid rgb(51, 51, 51); border-right: 1px solid rgb(51, 51, 51);">
                <div>-2,4%</div>
              </td>
              <td nowrap="nowrap" style="width: 8%; vertical-align: top; background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(0, 60, 100); font-family: 'Times New Roman',Times,serif; font-style: normal; font-variant: normal; text-transform: none; border-top: 1px solid rgb(51, 51, 51); border-right: 1px solid rgb(51, 51, 51);">
                <div>1.5&#176;C</div>
              </td>
            </tr>
            <tr>
              <td nowrap="nowrap" style="width: 29.41%; vertical-align: top; background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(0, 60, 100); font-family: 'Times New Roman',Times,serif; font-style: italic; font-variant: normal; text-transform: none; border-right: 1px solid rgb(51, 51, 51);">
                <div>CSN<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">ix</sup></div>
              </td>
              <td nowrap="nowrap" style="width: 9.08%; vertical-align: top; background-color: rgb(219, 219, 219); font-weight: normal; color: rgb(0, 60, 100); font-family: 'Times New Roman',Times,serif; font-style: normal; font-variant: normal; text-transform: none; border-top: 1px solid rgb(51, 51, 51); border-right: 1px solid rgb(51, 51, 51);">
                <div>net</div>
              </td>
              <td style="width: 8.79%; vertical-align: top; background-color: rgb(219, 219, 219); font-weight: normal; color: rgb(0, 60, 100); font-family: 'Times New Roman',Times,serif; font-style: normal; font-variant: normal; text-transform: none; border-top: 1px solid rgb(51, 51, 51); border-right: 1px solid rgb(51, 51, 51);">
                <div>518</div>
              </td>
              <td style="width: 8.78%; vertical-align: top; background-color: rgb(219, 219, 219); font-weight: normal; color: rgb(0, 60, 100); font-family: 'Times New Roman',Times,serif; font-style: normal; font-variant: normal; text-transform: none; border-top: 1px solid rgb(51, 51, 51); border-right: 1px solid rgb(51, 51, 51);">
                <div>480</div>
              </td>
              <td nowrap="nowrap" style="width: 8.79%; vertical-align: top; background-color: rgb(219, 219, 219); font-weight: normal; color: rgb(0, 60, 100); font-family: 'Times New Roman',Times,serif; font-style: normal; font-variant: normal; text-transform: none; border-top: 1px solid rgb(51, 51, 51); border-right: 1px solid rgb(51, 51, 51);">
                <div>375</div>
              </td>
              <td nowrap="nowrap" style="width: 8.47%; vertical-align: top; background-color: rgb(219, 219, 219); font-weight: normal; color: rgb(0, 60, 100); font-family: 'Times New Roman',Times,serif; font-style: normal; font-variant: normal; text-transform: none; border-top: 1px solid rgb(51, 51, 51); border-right: 1px solid rgb(51, 51, 51);">
                <div>2030</div>
              </td>
              <td nowrap="nowrap" style="width: 8%; vertical-align: top; background-color: rgb(219, 219, 219); font-weight: normal; color: rgb(0, 60, 100); font-family: 'Times New Roman',Times,serif; font-style: normal; font-variant: normal; text-transform: none; border-top: 1px solid rgb(51, 51, 51); border-right: 1px solid rgb(51, 51, 51);">
                <div>-2,7%</div>
              </td>
              <td nowrap="nowrap" style="width: 8%; vertical-align: top; background-color: rgb(219, 219, 219); font-weight: normal; color: rgb(0, 60, 100); font-family: 'Times New Roman',Times,serif; font-style: normal; font-variant: normal; text-transform: none; border-top: 1px solid rgb(51, 51, 51); border-right: 1px solid rgb(51, 51, 51);">
                <div>No</div>
              </td>
            </tr>
            <tr>
              <td nowrap="nowrap" style="width: 29.41%; vertical-align: top; background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(0, 60, 100); font-family: 'Times New Roman',Times,serif; font-style: italic; font-variant: normal; text-transform: none; border-right: 1px solid rgb(51, 51, 51);">
                <div>Siam Cement Group<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">x</sup></div>
              </td>
              <td nowrap="nowrap" style="width: 9.08%; vertical-align: top; background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(0, 60, 100); font-family: 'Times New Roman',Times,serif; font-style: normal; font-variant: normal; text-transform: none; border-top: 1px solid rgb(51, 51, 51); border-right: 1px solid rgb(51, 51, 51);">
                <div>gross</div>
              </td>
              <td style="width: 8.79%; vertical-align: top; background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(0, 60, 100); font-family: 'Times New Roman',Times,serif; font-style: normal; font-variant: normal; text-transform: none; border-top: 1px solid rgb(51, 51, 51); border-right: 1px solid rgb(51, 51, 51);">
                <div>630</div>
              </td>
              <td style="width: 8.78%; vertical-align: top; background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(0, 60, 100); font-family: 'Times New Roman',Times,serif; font-style: normal; font-variant: normal; text-transform: none; border-top: 1px solid rgb(51, 51, 51); border-right: 1px solid rgb(51, 51, 51);">
                <div>639</div>
              </td>
              <td nowrap="nowrap" style="width: 8.79%; vertical-align: top; background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(0, 60, 100); font-family: 'Times New Roman',Times,serif; font-style: normal; font-variant: normal; text-transform: none; border-top: 1px solid rgb(51, 51, 51); border-right: 1px solid rgb(51, 51, 51);">
                <div>498</div>
              </td>
              <td nowrap="nowrap" style="width: 8.47%; vertical-align: top; background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(0, 60, 100); font-family: 'Times New Roman',Times,serif; font-style: normal; font-variant: normal; text-transform: none; border-top: 1px solid rgb(51, 51, 51); border-right: 1px solid rgb(51, 51, 51);">
                <div>2030</div>
              </td>
              <td nowrap="nowrap" style="width: 8%; vertical-align: top; background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(0, 60, 100); font-family: 'Times New Roman',Times,serif; font-style: normal; font-variant: normal; text-transform: none; border-top: 1px solid rgb(51, 51, 51); border-right: 1px solid rgb(51, 51, 51);">
                <div>-2,7%</div>
              </td>
              <td nowrap="nowrap" style="width: 8%; vertical-align: top; background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(0, 60, 100); font-family: 'Times New Roman',Times,serif; font-style: normal; font-variant: normal; text-transform: none; border-top: 1px solid rgb(51, 51, 51); border-right: 1px solid rgb(51, 51, 51);">
                <div>Committed</div>
              </td>
            </tr>
            <tr>
              <td nowrap="nowrap" style="width: 29.41%; vertical-align: top; background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(0, 60, 100); font-family: 'Times New Roman',Times,serif; font-style: italic; font-variant: normal; text-transform: none; border-right: 1px solid rgb(51, 51, 51);">
                <div>TCC<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">xi</sup></div>
              </td>
              <td nowrap="nowrap" style="width: 9.08%; vertical-align: top; background-color: rgb(219, 219, 219); font-weight: normal; color: rgb(0, 60, 100); font-family: 'Times New Roman',Times,serif; font-style: normal; font-variant: normal; text-transform: none; border-top: 1px solid rgb(51, 51, 51); border-right: 1px solid rgb(51, 51, 51);">
                <div>gross</div>
              </td>
              <td style="width: 8.79%; vertical-align: top; background-color: rgb(219, 219, 219); font-weight: normal; color: rgb(0, 60, 100); font-family: 'Times New Roman',Times,serif; font-style: normal; font-variant: normal; text-transform: none; border-top: 1px solid rgb(51, 51, 51); border-right: 1px solid rgb(51, 51, 51);">
                <div>777</div>
              </td>
              <td style="width: 8.78%; vertical-align: top; background-color: rgb(219, 219, 219); font-weight: normal; color: rgb(0, 60, 100); font-family: 'Times New Roman',Times,serif; font-style: normal; font-variant: normal; text-transform: none; border-top: 1px solid rgb(51, 51, 51); border-right: 1px solid rgb(51, 51, 51);">
                <div>771</div>
              </td>
              <td nowrap="nowrap" style="width: 8.79%; vertical-align: top; background-color: rgb(219, 219, 219); font-weight: normal; color: rgb(0, 60, 100); font-family: 'Times New Roman',Times,serif; font-style: normal; font-variant: normal; text-transform: none; border-top: 1px solid rgb(51, 51, 51); border-right: 1px solid rgb(51, 51, 51);">
                <div>585</div>
              </td>
              <td nowrap="nowrap" style="width: 8.47%; vertical-align: top; background-color: rgb(219, 219, 219); font-weight: normal; color: rgb(0, 60, 100); font-family: 'Times New Roman',Times,serif; font-style: normal; font-variant: normal; text-transform: none; border-top: 1px solid rgb(51, 51, 51); border-right: 1px solid rgb(51, 51, 51);">
                <div>2030</div>
              </td>
              <td nowrap="nowrap" style="width: 8%; vertical-align: top; background-color: rgb(219, 219, 219); font-weight: normal; color: rgb(0, 60, 100); font-family: 'Times New Roman',Times,serif; font-style: normal; font-variant: normal; text-transform: none; border-top: 1px solid rgb(51, 51, 51); border-right: 1px solid rgb(51, 51, 51);">
                <div>-3,0%</div>
              </td>
              <td nowrap="nowrap" style="width: 8%; vertical-align: top; background-color: rgb(219, 219, 219); font-weight: normal; color: rgb(0, 60, 100); font-family: 'Times New Roman',Times,serif; font-style: normal; font-variant: normal; text-transform: none; border-top: 1px solid rgb(51, 51, 51); border-right: 1px solid rgb(51, 51, 51);">
                <div>WB2&#176;C</div>
              </td>
            </tr>
            <tr>
              <td nowrap="nowrap" style="width: 29.41%; vertical-align: top; background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(0, 60, 100); font-family: 'Times New Roman',Times,serif; font-style: italic; font-variant: normal; text-transform: none; border-right: 1px solid rgb(51, 51, 51);">
                <div>Ambuja<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">xii</sup></div>
              </td>
              <td nowrap="nowrap" style="width: 9.08%; vertical-align: top; background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(0, 60, 100); font-family: 'Times New Roman',Times,serif; font-style: normal; font-variant: normal; text-transform: none; border-top: 1px solid rgb(51, 51, 51); border-right: 1px solid rgb(51, 51, 51);">
                <div>gross</div>
              </td>
              <td style="width: 8.79%; vertical-align: top; background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(0, 60, 100); font-family: 'Times New Roman',Times,serif; font-style: normal; font-variant: normal; text-transform: none; border-top: 1px solid rgb(51, 51, 51); border-right: 1px solid rgb(51, 51, 51);">
                <div>608</div>
              </td>
              <td style="width: 8.78%; vertical-align: top; background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(0, 60, 100); font-family: 'Times New Roman',Times,serif; font-style: normal; font-variant: normal; text-transform: none; border-top: 1px solid rgb(51, 51, 51); border-right: 1px solid rgb(51, 51, 51);">
                <div>600</div>
              </td>
              <td nowrap="nowrap" style="width: 8.79%; vertical-align: top; background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(0, 60, 100); font-family: 'Times New Roman',Times,serif; font-style: normal; font-variant: normal; text-transform: none; border-top: 1px solid rgb(51, 51, 51); border-right: 1px solid rgb(51, 51, 51);">
                <div>453</div>
              </td>
              <td nowrap="nowrap" style="width: 8.47%; vertical-align: top; background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(0, 60, 100); font-family: 'Times New Roman',Times,serif; font-style: normal; font-variant: normal; text-transform: none; border-top: 1px solid rgb(51, 51, 51); border-right: 1px solid rgb(51, 51, 51);">
                <div>2030</div>
              </td>
              <td nowrap="nowrap" style="width: 8%; vertical-align: top; background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(0, 60, 100); font-family: 'Times New Roman',Times,serif; font-style: normal; font-variant: normal; text-transform: none; border-top: 1px solid rgb(51, 51, 51); border-right: 1px solid rgb(51, 51, 51);">
                <div>-3,1%</div>
              </td>
              <td nowrap="nowrap" style="width: 8%; vertical-align: top; background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(0, 60, 100); font-family: 'Times New Roman',Times,serif; font-style: normal; font-variant: normal; text-transform: none; border-top: 1px solid rgb(51, 51, 51); border-right: 1px solid rgb(51, 51, 51);">
                <div>WB2&#176;C</div>
              </td>
            </tr>
            <tr>
              <td nowrap="nowrap" style="width: 29.41%; vertical-align: top; background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(0, 60, 100); font-family: 'Times New Roman',Times,serif; font-style: italic; font-variant: normal; text-transform: none; border-right: 1px solid rgb(51, 51, 51);">
                <div>Cemex<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">xiii</sup></div>
              </td>
              <td nowrap="nowrap" style="width: 9.08%; vertical-align: top; background-color: rgb(219, 219, 219); font-weight: normal; color: rgb(0, 60, 100); font-family: 'Times New Roman',Times,serif; font-style: normal; font-variant: normal; text-transform: none; border-top: 1px solid rgb(51, 51, 51); border-right: 1px solid rgb(51, 51, 51);">
                <div>gross</div>
              </td>
              <td style="width: 8.79%; vertical-align: top; background-color: rgb(219, 219, 219); font-weight: normal; color: rgb(0, 60, 100); font-family: 'Times New Roman',Times,serif; font-style: normal; font-variant: normal; text-transform: none; border-top: 1px solid rgb(51, 51, 51); border-right: 1px solid rgb(51, 51, 51);">
                <div>658</div>
              </td>
              <td style="width: 8.78%; vertical-align: top; background-color: rgb(219, 219, 219); font-weight: normal; color: rgb(0, 60, 100); font-family: 'Times New Roman',Times,serif; font-style: normal; font-variant: normal; text-transform: none; border-top: 1px solid rgb(51, 51, 51); border-right: 1px solid rgb(51, 51, 51);">
                <div>639</div>
              </td>
              <td nowrap="nowrap" style="width: 8.79%; vertical-align: top; background-color: rgb(219, 219, 219); font-weight: normal; color: rgb(0, 60, 100); font-family: 'Times New Roman',Times,serif; font-style: normal; font-variant: normal; text-transform: none; border-top: 1px solid rgb(51, 51, 51); border-right: 1px solid rgb(51, 51, 51);">
                <div>475</div>
              </td>
              <td nowrap="nowrap" style="width: 8.47%; vertical-align: top; background-color: rgb(219, 219, 219); font-weight: normal; color: rgb(0, 60, 100); font-family: 'Times New Roman',Times,serif; font-style: normal; font-variant: normal; text-transform: none; border-top: 1px solid rgb(51, 51, 51); border-right: 1px solid rgb(51, 51, 51);">
                <div>2030</div>
              </td>
              <td nowrap="nowrap" style="width: 8%; vertical-align: top; background-color: rgb(219, 219, 219); font-weight: normal; color: rgb(0, 60, 100); font-family: 'Times New Roman',Times,serif; font-style: normal; font-variant: normal; text-transform: none; border-top: 1px solid rgb(51, 51, 51); border-right: 1px solid rgb(51, 51, 51);">
                <div>-3,2%</div>
              </td>
              <td nowrap="nowrap" style="width: 8%; vertical-align: top; background-color: rgb(219, 219, 219); font-weight: normal; color: rgb(0, 60, 100); font-family: 'Times New Roman',Times,serif; font-style: normal; font-variant: normal; text-transform: none; border-top: 1px solid rgb(51, 51, 51); border-right: 1px solid rgb(51, 51, 51);">
                <div>1.5&#176;C</div>
              </td>
            </tr>
            <tr>
              <td nowrap="nowrap" style="width: 29.41%; vertical-align: top; background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(0, 60, 100); font-family: 'Times New Roman',Times,serif; font-style: italic; font-variant: normal; text-transform: none; border-right: 1px solid rgb(51, 51, 51);">
                <div>Titan<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">xiv</sup></div>
              </td>
              <td nowrap="nowrap" style="width: 9.08%; vertical-align: top; background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(0, 60, 100); font-family: 'Times New Roman',Times,serif; font-style: normal; font-variant: normal; text-transform: none; border-top: 1px solid rgb(51, 51, 51); border-right: 1px solid rgb(51, 51, 51);">
                <div>gross</div>
              </td>
              <td style="width: 8.79%; vertical-align: top; background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(0, 60, 100); font-family: 'Times New Roman',Times,serif; font-style: normal; font-variant: normal; text-transform: none; border-top: 1px solid rgb(51, 51, 51); border-right: 1px solid rgb(51, 51, 51);">
                <div>698</div>
              </td>
              <td style="width: 8.78%; vertical-align: top; background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(0, 60, 100); font-family: 'Times New Roman',Times,serif; font-style: normal; font-variant: normal; text-transform: none; border-top: 1px solid rgb(51, 51, 51); border-right: 1px solid rgb(51, 51, 51);">
                <div>678</div>
              </td>
              <td nowrap="nowrap" style="width: 8.79%; vertical-align: top; background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(0, 60, 100); font-family: 'Times New Roman',Times,serif; font-style: normal; font-variant: normal; text-transform: none; border-top: 1px solid rgb(51, 51, 51); border-right: 1px solid rgb(51, 51, 51);">
                <div>500</div>
              </td>
              <td nowrap="nowrap" style="width: 8.47%; vertical-align: top; background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(0, 60, 100); font-family: 'Times New Roman',Times,serif; font-style: normal; font-variant: normal; text-transform: none; border-top: 1px solid rgb(51, 51, 51); border-right: 1px solid rgb(51, 51, 51);">
                <div>2030</div>
              </td>
              <td nowrap="nowrap" style="width: 8%; vertical-align: top; background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(0, 60, 100); font-family: 'Times New Roman',Times,serif; font-style: normal; font-variant: normal; text-transform: none; border-top: 1px solid rgb(51, 51, 51); border-right: 1px solid rgb(51, 51, 51);">
                <div>-3,3%</div>
              </td>
              <td nowrap="nowrap" style="width: 8%; vertical-align: top; background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(0, 60, 100); font-family: 'Times New Roman',Times,serif; font-style: normal; font-variant: normal; text-transform: none; border-top: 1px solid rgb(51, 51, 51); border-right: 1px solid rgb(51, 51, 51);">
                <div>1.5&#176;C</div>
              </td>
            </tr>

        </table>
        <div>
          <table cellspacing="0" cellpadding="0" border="0" style="width: 80%; color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; text-align: left;">

              <tr>
                <td nowrap="nowrap" style="width: 29.41%; vertical-align: top; background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(0, 60, 100); font-family: 'Times New Roman',Times,serif; font-style: italic; font-variant: normal; text-transform: none; border-right: 1px solid rgb(51, 51, 51);">
                  <div>Dalmia<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">xv</sup></div>
                </td>
                <td nowrap="nowrap" style="width: 9.08%; vertical-align: top; background-color: rgb(219, 219, 219); font-weight: normal; color: rgb(0, 60, 100); font-family: 'Times New Roman',Times,serif; font-style: normal; font-variant: normal; text-transform: none; border-top: 1px solid rgb(51, 51, 51); border-right: 1px solid rgb(51, 51, 51);">
                  <div>gross</div>
                </td>
                <td style="width: 8.79%; vertical-align: top; background-color: rgb(219, 219, 219); font-weight: normal; color: rgb(0, 60, 100); font-family: 'Times New Roman',Times,serif; font-style: normal; font-variant: normal; text-transform: none; border-top: 1px solid rgb(51, 51, 51); border-right: 1px solid rgb(51, 51, 51);">
                  <div>499</div>
                </td>
                <td style="width: 8.78%; vertical-align: top; background-color: rgb(219, 219, 219); font-weight: normal; color: rgb(0, 60, 100); font-family: 'Times New Roman',Times,serif; font-style: normal; font-variant: normal; text-transform: none; border-top: 1px solid rgb(51, 51, 51); border-right: 1px solid rgb(51, 51, 51);">
                  <div>507</div>
                </td>
                <td nowrap="nowrap" style="width: 8.79%; vertical-align: top; background-color: rgb(219, 219, 219); font-weight: normal; color: rgb(0, 60, 100); font-family: 'Times New Roman',Times,serif; font-style: normal; font-variant: normal; text-transform: none; border-top: 1px solid rgb(51, 51, 51); border-right: 1px solid rgb(51, 51, 51);">
                  <div>373</div>
                </td>
                <td nowrap="nowrap" style="width: 8.47%; vertical-align: top; background-color: rgb(219, 219, 219); font-weight: normal; color: rgb(0, 60, 100); font-family: 'Times New Roman',Times,serif; font-style: normal; font-variant: normal; text-transform: none; border-top: 1px solid rgb(51, 51, 51); border-right: 1px solid rgb(51, 51, 51);">
                  <div>2030</div>
                </td>
                <td nowrap="nowrap" style="width: 8%; vertical-align: top; background-color: rgb(219, 219, 219); font-weight: normal; color: rgb(0, 60, 100); font-family: 'Times New Roman',Times,serif; font-style: normal; font-variant: normal; text-transform: none; border-top: 1px solid rgb(51, 51, 51); border-right: 1px solid rgb(51, 51, 51);">
                  <div>-3,4%</div>
                </td>
                <td nowrap="nowrap" style="width: 8%; vertical-align: top; background-color: rgb(219, 219, 219); font-weight: normal; color: rgb(0, 60, 100); font-family: 'Times New Roman',Times,serif; font-style: normal; font-variant: normal; text-transform: none; border-top: 1px solid rgb(51, 51, 51); border-right: 1px solid rgb(51, 51, 51);">
                  <div>WB2&#176;C</div>
                </td>
              </tr>
              <tr>
                <td nowrap="nowrap" style="width: 29.41%; vertical-align: top; background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(0, 60, 100); font-family: 'Times New Roman',Times,serif; font-style: italic; font-variant: normal; text-transform: none; border-right: 1px solid rgb(51, 51, 51);">
                  <div>Buzzi<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">xvi</sup></div>
                </td>
                <td nowrap="nowrap" style="width: 9.08%; vertical-align: top; background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(0, 60, 100); font-family: 'Times New Roman',Times,serif; font-style: normal; font-variant: normal; text-transform: none; border-top: 1px solid rgb(51, 51, 51); border-right: 1px solid rgb(51, 51, 51);">
                  <div>gross</div>
                </td>
                <td style="width: 8.79%; vertical-align: top; background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(0, 60, 100); font-family: 'Times New Roman',Times,serif; font-style: normal; font-variant: normal; text-transform: none; border-top: 1px solid rgb(51, 51, 51); border-right: 1px solid rgb(51, 51, 51);">
                  <div>694</div>
                </td>
                <td style="width: 8.78%; vertical-align: top; background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(0, 60, 100); font-family: 'Times New Roman',Times,serif; font-style: normal; font-variant: normal; text-transform: none; border-top: 1px solid rgb(51, 51, 51); border-right: 1px solid rgb(51, 51, 51);">
                  <div>689</div>
                </td>
                <td nowrap="nowrap" style="width: 8.79%; vertical-align: top; background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(0, 60, 100); font-family: 'Times New Roman',Times,serif; font-style: normal; font-variant: normal; text-transform: none; border-top: 1px solid rgb(51, 51, 51); border-right: 1px solid rgb(51, 51, 51);">
                  <div>500</div>
                </td>
                <td nowrap="nowrap" style="width: 8.47%; vertical-align: top; background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(0, 60, 100); font-family: 'Times New Roman',Times,serif; font-style: normal; font-variant: normal; text-transform: none; border-top: 1px solid rgb(51, 51, 51); border-right: 1px solid rgb(51, 51, 51);">
                  <div>2030</div>
                </td>
                <td nowrap="nowrap" style="width: 8%; vertical-align: top; background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(0, 60, 100); font-family: 'Times New Roman',Times,serif; font-style: normal; font-variant: normal; text-transform: none; border-top: 1px solid rgb(51, 51, 51); border-right: 1px solid rgb(51, 51, 51);">
                  <div>-3,5%</div>
                </td>
                <td nowrap="nowrap" style="width: 8%; vertical-align: top; background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(0, 60, 100); font-family: 'Times New Roman',Times,serif; font-style: normal; font-variant: normal; text-transform: none; border-top: 1px solid rgb(51, 51, 51); border-right: 1px solid rgb(51, 51, 51);">
                  <div>No</div>
                </td>
              </tr>
              <tr>
                <td nowrap="nowrap" style="width: 29.41%; vertical-align: top; background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(0, 60, 100); font-family: 'Times New Roman',Times,serif; font-style: italic; font-variant: normal; text-transform: none; border-right: 1px solid rgb(51, 51, 51);">
                  <div>Ultratech<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">xvii</sup></div>
                </td>
                <td nowrap="nowrap" style="width: 9.08%; vertical-align: top; background-color: rgb(219, 219, 219); font-weight: normal; color: rgb(0, 60, 100); font-family: 'Times New Roman',Times,serif; font-style: normal; font-variant: normal; text-transform: none; border-top: 1px solid rgb(51, 51, 51); border-right: 1px solid rgb(51, 51, 51);">
                  <div>gross</div>
                </td>
                <td style="width: 8.79%; vertical-align: top; background-color: rgb(219, 219, 219); font-weight: normal; color: rgb(0, 60, 100); font-family: 'Times New Roman',Times,serif; font-style: normal; font-variant: normal; text-transform: none; border-top: 1px solid rgb(51, 51, 51); border-right: 1px solid rgb(51, 51, 51);">
                  <div>601</div>
                </td>
                <td style="width: 8.78%; vertical-align: top; background-color: rgb(219, 219, 219); font-weight: normal; color: rgb(0, 60, 100); font-family: 'Times New Roman',Times,serif; font-style: normal; font-variant: normal; text-transform: none; border-top: 1px solid rgb(51, 51, 51); border-right: 1px solid rgb(51, 51, 51);">
                  <div>651</div>
                </td>
                <td nowrap="nowrap" style="width: 8.79%; vertical-align: top; background-color: rgb(219, 219, 219); font-weight: normal; color: rgb(0, 60, 100); font-family: 'Times New Roman',Times,serif; font-style: normal; font-variant: normal; text-transform: none; border-top: 1px solid rgb(51, 51, 51); border-right: 1px solid rgb(51, 51, 51);">
                  <div>462</div>
                </td>
                <td nowrap="nowrap" style="width: 8.47%; vertical-align: top; background-color: rgb(219, 219, 219); font-weight: normal; color: rgb(0, 60, 100); font-family: 'Times New Roman',Times,serif; font-style: normal; font-variant: normal; text-transform: none; border-top: 1px solid rgb(51, 51, 51); border-right: 1px solid rgb(51, 51, 51);">
                  <div>2032</div>
                </td>
                <td nowrap="nowrap" style="width: 8%; vertical-align: top; background-color: rgb(219, 219, 219); font-weight: normal; color: rgb(0, 60, 100); font-family: 'Times New Roman',Times,serif; font-style: normal; font-variant: normal; text-transform: none; border-top: 1px solid rgb(51, 51, 51); border-right: 1px solid rgb(51, 51, 51);">
                  <div>-3,7%</div>
                </td>
                <td nowrap="nowrap" style="width: 8%; vertical-align: top; background-color: rgb(219, 219, 219); font-weight: normal; color: rgb(0, 60, 100); font-family: 'Times New Roman',Times,serif; font-style: normal; font-variant: normal; text-transform: none; border-top: 1px solid rgb(51, 51, 51); border-right: 1px solid rgb(51, 51, 51);">
                  <div>WB2&#176;C</div>
                </td>
              </tr>
              <tr>
                <td nowrap="nowrap" style="width: 29.41%; vertical-align: top; background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(0, 60, 100); font-family: 'Times New Roman',Times,serif; font-style: italic; font-variant: normal; text-transform: none; border-right: 1px solid rgb(51, 51, 51);">
                  <div>GCC<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">xviii</sup></div>
                </td>
                <td nowrap="nowrap" style="width: 9.08%; vertical-align: top; background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(0, 60, 100); font-family: 'Times New Roman',Times,serif; font-style: normal; font-variant: normal; text-transform: none; border-top: 1px solid rgb(51, 51, 51); border-right: 1px solid rgb(51, 51, 51);">
                  <div>gross</div>
                </td>
                <td style="width: 8.79%; vertical-align: top; background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(0, 60, 100); font-family: 'Times New Roman',Times,serif; font-style: normal; font-variant: normal; text-transform: none; border-top: 1px solid rgb(51, 51, 51); border-right: 1px solid rgb(51, 51, 51);">
                  <div>746</div>
                </td>
                <td style="width: 8.78%; vertical-align: top; background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(0, 60, 100); font-family: 'Times New Roman',Times,serif; font-style: normal; font-variant: normal; text-transform: none; border-top: 1px solid rgb(51, 51, 51); border-right: 1px solid rgb(51, 51, 51);">
                  <div>754</div>
                </td>
                <td nowrap="nowrap" style="width: 8.79%; vertical-align: top; background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(0, 60, 100); font-family: 'Times New Roman',Times,serif; font-style: normal; font-variant: normal; text-transform: none; border-top: 1px solid rgb(51, 51, 51); border-right: 1px solid rgb(51, 51, 51);">
                  <div>531</div>
                </td>
                <td nowrap="nowrap" style="width: 8.47%; vertical-align: top; background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(0, 60, 100); font-family: 'Times New Roman',Times,serif; font-style: normal; font-variant: normal; text-transform: none; border-top: 1px solid rgb(51, 51, 51); border-right: 1px solid rgb(51, 51, 51);">
                  <div>2030</div>
                </td>
                <td nowrap="nowrap" style="width: 8%; vertical-align: top; background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(0, 60, 100); font-family: 'Times New Roman',Times,serif; font-style: normal; font-variant: normal; text-transform: none; border-top: 1px solid rgb(51, 51, 51); border-right: 1px solid rgb(51, 51, 51);">
                  <div>-3,8%</div>
                </td>
                <td nowrap="nowrap" style="width: 8%; vertical-align: top; background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(0, 60, 100); font-family: 'Times New Roman',Times,serif; font-style: normal; font-variant: normal; text-transform: none; border-top: 1px solid rgb(51, 51, 51); border-right: 1px solid rgb(51, 51, 51);">
                  <div>WB2&#176;C</div>
                </td>
              </tr>
              <tr>
                <td nowrap="nowrap" style="width: 29.41%; vertical-align: top; background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(0, 60, 100); font-family: 'Times New Roman',Times,serif; font-style: italic; font-variant: normal; text-transform: none; border-right: 1px solid rgb(51, 51, 51);">
                  <div>ACC<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">xix</sup></div>
                </td>
                <td nowrap="nowrap" style="width: 9.08%; vertical-align: top; background-color: rgb(219, 219, 219); font-weight: normal; color: rgb(0, 60, 100); font-family: 'Times New Roman',Times,serif; font-style: normal; font-variant: normal; text-transform: none; border-top: 1px solid rgb(51, 51, 51); border-right: 1px solid rgb(51, 51, 51);">
                  <div>gross</div>
                </td>
                <td style="width: 8.79%; vertical-align: top; background-color: rgb(219, 219, 219); font-weight: normal; color: rgb(0, 60, 100); font-family: 'Times New Roman',Times,serif; font-style: normal; font-variant: normal; text-transform: none; border-top: 1px solid rgb(51, 51, 51); border-right: 1px solid rgb(51, 51, 51);">
                  <div>575</div>
                </td>
                <td style="width: 8.78%; vertical-align: top; background-color: rgb(219, 219, 219); font-weight: normal; color: rgb(0, 60, 100); font-family: 'Times New Roman',Times,serif; font-style: normal; font-variant: normal; text-transform: none; border-top: 1px solid rgb(51, 51, 51); border-right: 1px solid rgb(51, 51, 51);">
                  <div>568</div>
                </td>
                <td nowrap="nowrap" style="width: 8.79%; vertical-align: top; background-color: rgb(219, 219, 219); font-weight: normal; color: rgb(0, 60, 100); font-family: 'Times New Roman',Times,serif; font-style: normal; font-variant: normal; text-transform: none; border-top: 1px solid rgb(51, 51, 51); border-right: 1px solid rgb(51, 51, 51);">
                  <div>398</div>
                </td>
                <td nowrap="nowrap" style="width: 8.47%; vertical-align: top; background-color: rgb(219, 219, 219); font-weight: normal; color: rgb(0, 60, 100); font-family: 'Times New Roman',Times,serif; font-style: normal; font-variant: normal; text-transform: none; border-top: 1px solid rgb(51, 51, 51); border-right: 1px solid rgb(51, 51, 51);">
                  <div>2030</div>
                </td>
                <td nowrap="nowrap" style="width: 8%; vertical-align: top; background-color: rgb(219, 219, 219); font-weight: normal; color: rgb(0, 60, 100); font-family: 'Times New Roman',Times,serif; font-style: normal; font-variant: normal; text-transform: none; border-top: 1px solid rgb(51, 51, 51); border-right: 1px solid rgb(51, 51, 51);">
                  <div>-3,9%</div>
                </td>
                <td nowrap="nowrap" style="width: 8%; vertical-align: top; background-color: rgb(219, 219, 219); font-weight: normal; color: rgb(0, 60, 100); font-family: 'Times New Roman',Times,serif; font-style: normal; font-variant: normal; text-transform: none; border-top: 1px solid rgb(51, 51, 51); border-right: 1px solid rgb(51, 51, 51);">
                  <div>WB2&#176;C</div>
                </td>
              </tr>
              <tr>
                <td nowrap="nowrap" style="width: 29.41%; vertical-align: top; background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(0, 60, 100); font-family: 'Times New Roman',Times,serif; font-style: italic; font-variant: normal; text-transform: none; border-right: 1px solid rgb(51, 51, 51); padding-bottom: 1px;">
                  <div>Heidelberg<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">xx</sup></div>
                </td>
                <td nowrap="nowrap" style="width: 9.08%; vertical-align: top; background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(0, 60, 100); font-family: 'Times New Roman',Times,serif; font-style: normal; font-variant: normal; text-transform: none; border-top: 1px solid rgb(51, 51, 51); border-bottom: 1px solid rgb(51, 51, 51); border-right: 1px solid rgb(51, 51, 51);">
                  <div>gross</div>
                </td>
                <td style="width: 8.79%; vertical-align: top; background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(0, 60, 100); font-family: 'Times New Roman',Times,serif; font-style: normal; font-variant: normal; text-transform: none; border-top: 1px solid rgb(51, 51, 51); border-bottom: 1px solid rgb(51, 51, 51); border-right: 1px solid rgb(51, 51, 51);">
                  <div>611</div>
                </td>
                <td style="width: 8.78%; vertical-align: top; background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(0, 60, 100); font-family: 'Times New Roman',Times,serif; font-style: normal; font-variant: normal; text-transform: none; border-top: 1px solid rgb(51, 51, 51); border-bottom: 1px solid rgb(51, 51, 51); border-right: 1px solid rgb(51, 51, 51);">
                  <div>599</div>
                </td>
                <td nowrap="nowrap" style="width: 8.79%; vertical-align: top; background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(0, 60, 100); font-family: 'Times New Roman',Times,serif; font-style: normal; font-variant: normal; text-transform: none; border-top: 1px solid rgb(51, 51, 51); border-bottom: 1px solid rgb(51, 51, 51); border-right: 1px solid rgb(51, 51, 51);">
                  <div>400</div>
                </td>
                <td nowrap="nowrap" style="width: 8.47%; vertical-align: top; background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(0, 60, 100); font-family: 'Times New Roman',Times,serif; font-style: normal; font-variant: normal; text-transform: none; border-top: 1px solid rgb(51, 51, 51); border-bottom: 1px solid rgb(51, 51, 51); border-right: 1px solid rgb(51, 51, 51);">
                  <div>2030</div>
                </td>
                <td nowrap="nowrap" style="width: 8%; vertical-align: top; background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(0, 60, 100); font-family: 'Times New Roman',Times,serif; font-style: normal; font-variant: normal; text-transform: none; border-top: 1px solid rgb(51, 51, 51); border-bottom: 1px solid rgb(51, 51, 51); border-right: 1px solid rgb(51, 51, 51);">
                  <div>-4,4%</div>
                </td>
                <td nowrap="nowrap" style="width: 8%; vertical-align: top; background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(0, 60, 100); font-family: 'Times New Roman',Times,serif; font-style: normal; font-variant: normal; text-transform: none; border-top: 1px solid rgb(51, 51, 51); border-right: 1px solid rgb(51, 51, 51); border-bottom: 1px solid rgb(51, 51, 51);">
                  <div>1.5&#176;C</div>
                </td>
              </tr>

          </table>
        </div>
        <div><br>
        </div>
        <font style="font-weight: normal;"><br>
        </font>
        <div style="text-align: justify; margin-bottom: 8pt; font-weight: normal;">More than twenty companies with aggregates, cement, and concrete activities have set science-based targets validated by the SBTi, including scope 3 targets, and many others
          have signed commitment letters. CEMEX has SBTi-validated targets and notably pledged to reduce gross scope 3 GHG emissions from purchased goods and services 25.2% per ton of purchased clinker and cement by 2030 and reduce scope 3 GHG emissions
          from fuel and energy related activities 40% per ton of purchased fuels, equivalent to a 25.4% absolute reduction, both compared to a 2020 baseline.&#160;CRH similarly has SBTi-validated targets and pledged to reduce gross scope 3 GHG emissions 23.5%
          from purchased clinker and cement per ton purchased compared to a 2021 baseline<font style="font-family: 'Times New Roman', Times, serif;">.</font><sup style="font-family: 'Times New Roman', serif; vertical-align: text-top; line-height: 1; font-size: smaller;">25</sup></div>
        <div style="text-align: justify; margin-bottom: 8pt; font-weight: normal;"> <br>
        </div>
        <div style="text-align: justify; margin-bottom: 8pt; font-weight: normal;">
          <hr noshade="noshade" align="left" style="text-align: left; background-color: #000000; border: 0px; height: 1px; width: 2in; margin-left: 0pt; margin-right: auto; color: #000000;"><sup style="font-family: 'Times New Roman', serif; vertical-align: text-top; line-height: 1; font-size: smaller;">19</sup> <u><font style="background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(5, 99, 193); font-style: normal; font-variant: normal; text-transform: none;">https://cdn.investorcloud.net/gcc/InformacionFinanciera/InformacionAnual/GCC-Reporte-anual-2021-en.pdf</font></u>
          <div style="font-weight: normal;">
            <div style="font-family: 'Times New Roman', Times, serif;"><sup style="font-family: 'Times New Roman', serif; vertical-align: text-top; line-height: 1; font-size: smaller;">2</sup><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">0</sup><u><font style="background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(5, 99, 193); font-family: 'Times New Roman',Times,serif; font-style: normal; font-variant: normal; text-transform: none;"> https://ir.martinmarietta.com/static-files/18549676-62aa-485f-8845-49b5dfee88cb</font></u></div>
            <div style="font-family: 'Times New Roman', Times, serif;"><sup style="font-family: 'Times New Roman', serif; vertical-align: text-top; line-height: 1; font-size: smaller;">21</sup> <u><font style="font-family: 'Times New Roman',Times,serif; background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(5, 99, 193); font-style: normal; font-variant: normal; text-transform: none;">https://cdn.investorcloud.net/gcc/InformacionFinanciera/Presentaciones/GCC-Corporate-Presentation-Q4-2022-.pdf</font></u></div>
            <div style="font-family: 'Times New Roman', Times, serif;"><sup style="font-family: 'Times New Roman', serif; vertical-align: text-top; line-height: 1; font-size: smaller;">22</sup> <u><font style="font-family: 'Times New Roman',Times,serif; background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(5, 99, 193); font-style: normal; font-variant: normal; text-transform: none;">https://cdn.investorcloud.net/gcc/InformacionFinanciera/Presentaciones/GCC-Corporate-Presentation-Q4-2022-.pdf</font></u></div>
            <div style="font-family: 'Times New Roman', Times, serif;"><sup style="font-family: 'Times New Roman', serif; vertical-align: text-top; line-height: 1; font-size: smaller;">23</sup><u><font style="background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(5, 99, 193); font-family: 'Times New Roman',Times,serif; font-style: normal; font-variant: normal; text-transform: none;"> https://ir.martinmarietta.com/static-files/18549676-62aa-485f-8845-49b5dfee88cb</font></u></div>
            <div style="font-family: 'Times New Roman', Times, serif;"><sup style="font-family: 'Times New Roman', serif; vertical-align: text-top; line-height: 1; font-size: smaller;">24</sup> CAGR&#160;: Compounded Annual Growth Rate</div>
            <div style="font-family: 'Times New Roman', Times, serif;"> <sup style="font-family: 'Times New Roman', serif; vertical-align: text-top; line-height: 1; font-size: smaller;">25</sup>&#160;<u><font style="font-family: 'Times New Roman',Times,serif; background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(5, 99, 193); font-style: normal; font-variant: normal; text-transform: none;">https://sciencebasedtargets.org/companies-taking-action</font></u></div>
            <u><font style="background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(5, 99, 193); font-style: normal; font-variant: normal; text-transform: none;"></font></u></div>
        </div>
        <div style="text-align: justify; margin-bottom: 8pt; font-weight: normal;"> <br>
        </div>
        <div style="text-align: justify; margin-bottom: 8pt; font-weight: normal;">
          <div><br>
          </div>
          <div style="text-align: left;">
            <div style="margin-bottom: 8pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">
              <hr noshade="noshade" align="left" style="height: 1px; width: 100%; color: #003C64; background-color: #003C64; margin-left: 0px; margin-right: auto; border: none;">This is not a solicitation of authority to vote your proxy. Please DO NOT
              send us your proxy card as it will not be accepted.</div>
          </div>
        </div>
        <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="BRPFPageBreakArea">
          <div style="text-align: right;" class="BRPFPageNumberArea"><font style="font-family: 'Times New Roman', Times, serif; color: #000000; font-weight: normal; font-style: normal;" class="BRPFPageNumber">7</font></div>
          <div style="page-break-after: always;" class="BRPFPageBreak">
            <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
          <div style="width: 100%;" class="BRPFPageHeader"></div>
        </div>
        <div style="text-align: justify; margin-bottom: 8pt; font-weight: normal;"> <br>
        </div>
        <div style="text-align: justify; margin-bottom: 8pt; font-weight: normal;">In addition, Vulcan Materials, a construction aggregates producer, has pledged to set 1.5 degree-aligned GHG reduction targets in response to a similar shareholder proposal
          filed with the company in 2022.<sup style="font-family: 'Times New Roman', serif; vertical-align: text-top; line-height: 1; font-size: smaller;">26</sup></div>
        <div style="text-align: justify; font-weight: normal;">In contrast to its peers, Martin Marietta has not made any commitments to setting 1.5 degree-aligned targets that cover the full range of its operational and supply chain emissions, such as by
          signing a commitment letter with SBTi. Entering this validation process would be one effective way to mitigate the concerns shared by investors, about the climate ambition of the Company and the associated future regulatory and financial risks.</div>
        <div style="font-weight: normal;"><br>
        </div>
        <table cellspacing="0" cellpadding="0" id="z56585c1bf13d46929c2e7a368f26b3da" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000; margin-bottom: 8pt;">

            <tr>
              <td style="width: 18pt; font-weight: normal;"><br>
              </td>
              <td style="width: 18pt; vertical-align: top; font-family: 'Times New Roman',Times,serif; font-weight: normal;">b.</td>
              <td style="width: auto; vertical-align: top; text-align: justify; font-weight: normal;">
                <div><u>The Company has not published a climate transition plan, detailing how it will align its business with the Paris Agreement.</u></div>
              </td>
            </tr>

        </table>
        <div style="text-align: justify; font-weight: normal;">The Company reports very limited information on the drivers of its carbon emissions. Emissions drivers are the mitigation levers with the largest reduction potential for cement production in
          the mid-term and cement production represents 59% of the Company&#8217;s scope 1 emissions.&#160; However, while the vast majority of peer companies involved in cement production already report on their main emissions drivers, Martin Marietta does not (see
          table below according to the Proponent&#8217;s research based on public disclosure).</div>
        <div style="font-weight: normal;"><br>
        </div>
        <div style="text-align: justify; margin-bottom: 6pt; font-weight: normal;"><u>Companies&#8217; disclosure on their main emissions drivers:</u></div>
      </div>
      <div style="margin-top: 12pt; font-family: 'Times New Roman',Times,serif; font-weight: bold;"><br>
        <table cellspacing="0" cellpadding="0" border="0" id="zcc98382e65504d55b2d37e529057df19" style="width: 80%; color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; text-align: left;">

            <tr>
              <td style="width: 32.87%; vertical-align: top; font-weight: bold;">&#160;</td>
              <td style="width: 21.83%; vertical-align: top; background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(0, 60, 100); font-family: 'Times New Roman',Times,serif; font-style: normal; font-variant: normal; text-transform: none;">
                <div style="font-weight: bold;">Clinker-to-cement ratio</div>
                <div style="font-weight: bold;"> (value)</div>
              </td>
              <td style="width: 23.43%; vertical-align: top; background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(0, 60, 100); font-family: 'Times New Roman',Times,serif; font-style: normal; font-variant: normal; text-transform: none;">
                <div style="font-weight: bold;">Alternative fuel rate in</div>
                <div style="font-weight: bold;"> cement kilns (value)</div>
              </td>
              <td style="width: 21.87%; vertical-align: top; background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(0, 60, 100); font-family: 'Times New Roman',Times,serif; font-style: normal; font-variant: normal; text-transform: none;">
                <div style="font-weight: bold;">Biomass alternative</div>
                <div style="font-weight: bold;"> fuel rate (value)</div>
              </td>
            </tr>
            <tr>
              <td style="width: 32.87%; vertical-align: top; background-color: rgb(255, 255, 255); font-weight: bold; color: rgb(230, 50, 94); font-family: 'Times New Roman',Times,serif; font-variant: normal; text-transform: none; border-top: 1px solid rgb(51, 51, 51); border-right: 1px solid rgb(51, 51, 51); padding-bottom: 1px;">
                <div style="font-style: italic;">Martin Marietta<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">xxi</sup></div>
              </td>
              <td style="width: 21.83%; vertical-align: top; background-color: rgb(219, 219, 219); font-weight: bold; color: rgb(230, 50, 94); font-family: 'Times New Roman',Times,serif; font-variant: normal; text-transform: none; border-right: 1px solid rgb(51, 51, 51); border-top: 1px solid rgb(51, 51, 51); border-bottom: 1px solid rgb(51, 51, 51);">
                <div>Not disclosed</div>
              </td>
              <td style="width: 23.43%; vertical-align: top; background-color: rgb(219, 219, 219); font-weight: bold; color: rgb(230, 50, 94); font-family: 'Times New Roman',Times,serif; font-variant: normal; text-transform: none; border-right: 1px solid rgb(51, 51, 51); border-top: 1px solid rgb(51, 51, 51); border-bottom: 1px solid rgb(51, 51, 51);">
                <div>Not disclosed</div>
              </td>
              <td style="width: 21.87%; vertical-align: top; background-color: rgb(219, 219, 219); font-weight: bold; color: rgb(230, 50, 94); font-family: 'Times New Roman',Times,serif; font-variant: normal; text-transform: none; border-right: 1px solid rgb(51, 51, 51); border-top: 1px solid rgb(51, 51, 51); border-bottom: 1px solid rgb(51, 51, 51);">
                <div>Not disclosed</div>
              </td>
            </tr>
            <tr>
              <td style="width: 32.87%; vertical-align: top; border-right: 1px solid rgb(51, 51, 51); padding-bottom: 1px;">
                <div style="font-family: 'Times New Roman',Times,serif; font-style: italic;"><font style="background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(0, 60, 100); font-style: italic; font-variant: normal; text-transform: none;">Votorantim


                    Cimentos</font><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">xxii</sup></div>
              </td>
              <td style="width: 21.83%; vertical-align: top; background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(0, 50, 100); font-family: 'Times New Roman',Times,serif; font-style: normal; font-variant: normal; text-transform: none; border-right: 1px solid rgb(51, 51, 51); border-bottom: 1px solid rgb(51, 51, 51);">
                <div>75%</div>
              </td>
              <td style="width: 23.43%; vertical-align: top; background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(0, 50, 100); font-family: 'Times New Roman',Times,serif; font-style: normal; font-variant: normal; text-transform: none; border-right: 1px solid rgb(51, 51, 51); border-bottom: 1px solid rgb(51, 51, 51);">
                <div>22%</div>
              </td>
              <td style="width: 21.87%; vertical-align: top; background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(0, 50, 100); font-family: 'Times New Roman',Times,serif; font-style: normal; font-variant: normal; text-transform: none; border-right: 1px solid rgb(51, 51, 51); border-bottom: 1px solid rgb(51, 51, 51);">
                <div>12%</div>
              </td>
            </tr>
            <tr>
              <td style="width: 32.87%; vertical-align: top; border-right: 1px solid rgb(51, 51, 51); padding-bottom: 1px;">
                <div style="font-family: 'Times New Roman',Times,serif; font-style: italic;"><font style="background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(0, 50, 100); font-variant: normal; text-transform: none;">Shree<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">xxiii</sup></font></div>
              </td>
              <td style="width: 21.83%; vertical-align: top; background-color: rgb(219, 219, 219); font-weight: normal; color: rgb(0, 50, 100); font-family: 'Times New Roman',Times,serif; font-style: normal; font-variant: normal; text-transform: none; border-right: 1px solid rgb(51, 51, 51); border-bottom: 1px solid rgb(51, 51, 51);">
                <div>64%</div>
              </td>
              <td style="width: 23.43%; vertical-align: top; background-color: rgb(219, 219, 219); font-weight: normal; color: rgb(0, 50, 100); font-family: 'Times New Roman',Times,serif; font-style: normal; font-variant: normal; text-transform: none; border-right: 1px solid rgb(51, 51, 51); border-bottom: 1px solid rgb(51, 51, 51);">
                <div>6%</div>
              </td>
              <td style="width: 21.87%; vertical-align: top; background-color: rgb(219, 219, 219); font-weight: normal; color: rgb(0, 50, 100); font-family: 'Times New Roman',Times,serif; font-style: normal; font-variant: normal; text-transform: none; border-right: 1px solid rgb(51, 51, 51); border-bottom: 1px solid rgb(51, 51, 51);">
                <div>0%</div>
              </td>
            </tr>
            <tr>
              <td style="width: 32.87%; vertical-align: top; background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(0, 50, 100); font-family: 'Times New Roman',Times,serif; font-style: normal; font-variant: normal; text-transform: none; border-right: 1px solid rgb(51, 51, 51); padding-bottom: 1px;">
                <div style="font-style: italic;">Vicat<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">xxiv</sup></div>
              </td>
              <td style="width: 21.83%; vertical-align: top; background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(0, 50, 100); font-family: 'Times New Roman',Times,serif; font-style: normal; font-variant: normal; text-transform: none; border-right: 1px solid rgb(51, 51, 51); border-bottom: 1px solid rgb(51, 51, 51);">
                <div>79%</div>
              </td>
              <td style="width: 23.43%; vertical-align: top; background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(0, 50, 100); font-family: 'Times New Roman',Times,serif; font-style: normal; font-variant: normal; text-transform: none; border-right: 1px solid rgb(51, 51, 51); border-bottom: 1px solid rgb(51, 51, 51);">
                <div>26%</div>
              </td>
              <td style="width: 21.87%; vertical-align: top; background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(0, 50, 100); font-family: 'Times New Roman',Times,serif; font-style: normal; font-variant: normal; text-transform: none; border-right: 1px solid rgb(51, 51, 51); border-bottom: 1px solid rgb(51, 51, 51);">
                <div>10%</div>
              </td>
            </tr>
            <tr>
              <td style="width: 32.87%; vertical-align: top; border-right: 1px solid rgb(51, 51, 51); padding-bottom: 1px;">
                <div style="font-family: 'Times New Roman',Times,serif; font-style: italic;"><font style="background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(0, 50, 100); font-variant: normal; text-transform: none;">SIG (Pt Semen)<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">xxv</sup></font></div>
              </td>
              <td style="width: 21.83%; vertical-align: top; background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(0, 50, 100); font-family: 'Times New Roman',Times,serif; font-style: normal; font-variant: normal; text-transform: none; border-right: 1px solid rgb(51, 51, 51); border-bottom: 1px solid rgb(51, 51, 51);">
                <div>69%</div>
              </td>
              <td style="width: 23.43%; vertical-align: top; background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(0, 50, 100); font-family: 'Times New Roman',Times,serif; font-style: normal; font-variant: normal; text-transform: none; border-right: 1px solid rgb(51, 51, 51); border-bottom: 1px solid rgb(51, 51, 51);">
                <div>7%</div>
              </td>
              <td style="width: 21.87%; vertical-align: top; background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(0, 50, 100); font-family: 'Times New Roman',Times,serif; font-style: normal; font-variant: normal; text-transform: none; border-right: 1px solid rgb(51, 51, 51); border-bottom: 1px solid rgb(51, 51, 51);">
                <div>3%</div>
              </td>
            </tr>
            <tr>
              <td style="width: 32.87%; vertical-align: top; border-right: 1px solid rgb(51, 51, 51); padding-bottom: 1px;">
                <div style="font-family: 'Times New Roman',Times,serif; font-style: italic;"><font style="background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(0, 50, 100); font-variant: normal; text-transform: none;">Cementos Argos<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">xxvi</sup></font></div>
              </td>
              <td style="width: 21.83%; vertical-align: top; background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(0, 50, 100); font-family: 'Times New Roman',Times,serif; font-style: normal; font-variant: normal; text-transform: none; border-right: 1px solid rgb(51, 51, 51); border-bottom: 1px solid rgb(51, 51, 51);">
                <div>77%</div>
              </td>
              <td style="width: 23.43%; vertical-align: top; background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(0, 50, 100); font-family: 'Times New Roman',Times,serif; font-style: normal; font-variant: normal; text-transform: none; border-right: 1px solid rgb(51, 51, 51); border-bottom: 1px solid rgb(51, 51, 51);">
                <div>6%</div>
              </td>
              <td style="width: 21.87%; vertical-align: top; background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(0, 50, 100); font-family: 'Times New Roman',Times,serif; font-style: normal; font-variant: normal; text-transform: none; border-right: 1px solid rgb(51, 51, 51); border-bottom: 1px solid rgb(51, 51, 51);">
                <div>2%</div>
              </td>
            </tr>
            <tr>
              <td style="width: 32.87%; vertical-align: top; background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(0, 50, 100); font-family: 'Times New Roman',Times,serif; font-style: normal; font-variant: normal; text-transform: none; border-right: 1px solid rgb(51, 51, 51); padding-bottom: 1px;">
                <div style="font-style: italic;">CRH<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">xxvii</sup></div>
              </td>
              <td style="width: 21.83%; vertical-align: top; background-color: rgb(219, 219, 219); font-weight: normal; color: rgb(0, 50, 100); font-family: 'Times New Roman',Times,serif; font-style: normal; font-variant: normal; text-transform: none; border-right: 1px solid rgb(51, 51, 51); border-bottom: 1px solid rgb(51, 51, 51);">
                <div>78%</div>
              </td>
              <td style="width: 23.43%; vertical-align: top; background-color: rgb(219, 219, 219); font-weight: normal; color: rgb(0, 50, 100); font-family: 'Times New Roman',Times,serif; font-style: normal; font-variant: normal; text-transform: none; border-right: 1px solid rgb(51, 51, 51); border-bottom: 1px solid rgb(51, 51, 51);">
                <div>33%</div>
              </td>
              <td style="width: 21.87%; vertical-align: top; background-color: rgb(219, 219, 219); font-weight: normal; color: rgb(0, 50, 100); font-family: 'Times New Roman',Times,serif; font-style: normal; font-variant: normal; text-transform: none; border-right: 1px solid rgb(51, 51, 51); border-bottom: 1px solid rgb(51, 51, 51);">
                <div>9%</div>
              </td>
            </tr>
            <tr>
              <td style="width: 32.87%; vertical-align: top; border-right: 1px solid rgb(51, 51, 51); padding-bottom: 1px;">
                <div style="font-family: 'Times New Roman',Times,serif; font-style: italic;"><font style="background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(0, 50, 100); font-variant: normal; text-transform: none;">Holcim<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">xxviii</sup></font></div>
              </td>
              <td style="width: 21.83%; vertical-align: top; background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(0, 50, 100); font-family: 'Times New Roman',Times,serif; font-style: normal; font-variant: normal; text-transform: none; border-right: 1px solid rgb(51, 51, 51); border-bottom: 1px solid rgb(51, 51, 51);">
                <div>70%</div>
              </td>
              <td style="width: 23.43%; vertical-align: top; background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(0, 50, 100); font-family: 'Times New Roman',Times,serif; font-style: normal; font-variant: normal; text-transform: none; border-right: 1px solid rgb(51, 51, 51); border-bottom: 1px solid rgb(51, 51, 51);">
                <div>21%</div>
              </td>
              <td style="width: 21.87%; vertical-align: top; background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(0, 50, 100); font-family: 'Times New Roman',Times,serif; font-style: normal; font-variant: normal; text-transform: none; border-right: 1px solid rgb(51, 51, 51); border-bottom: 1px solid rgb(51, 51, 51);">
                <div>7%</div>
              </td>
            </tr>
            <tr>
              <td style="width: 32.87%; vertical-align: top; background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(0, 50, 100); font-family: 'Times New Roman',Times,serif; font-style: normal; font-variant: normal; text-transform: none; border-right: 1px solid rgb(51, 51, 51); padding-bottom: 1px;">
                <div style="font-style: italic;">CSNxxix</div>
              </td>
              <td style="width: 21.83%; vertical-align: top; background-color: rgb(219, 219, 219); font-weight: normal; color: rgb(0, 50, 100); font-family: 'Times New Roman',Times,serif; font-style: normal; font-variant: normal; text-transform: none; border-right: 1px solid rgb(51, 51, 51); border-bottom: 1px solid rgb(51, 51, 51);">
                <div>56%</div>
              </td>
              <td style="width: 23.43%; vertical-align: top; background-color: rgb(219, 219, 219); font-weight: normal; color: rgb(0, 50, 100); font-family: 'Times New Roman',Times,serif; font-style: normal; font-variant: normal; text-transform: none; border-right: 1px solid rgb(51, 51, 51); border-bottom: 1px solid rgb(51, 51, 51);">
                <div>Not disclosed</div>
              </td>
              <td style="width: 21.87%; vertical-align: top; background-color: rgb(219, 219, 219); font-weight: normal; color: rgb(0, 50, 100); font-family: 'Times New Roman',Times,serif; font-style: normal; font-variant: normal; text-transform: none; border-right: 1px solid rgb(51, 51, 51); border-bottom: 1px solid rgb(51, 51, 51);">
                <div>Not disclosed</div>
              </td>
            </tr>
            <tr>
              <td style="width: 32.87%; vertical-align: top; border-right: 1px solid rgb(51, 51, 51); padding-bottom: 1px;">
                <div style="font-family: 'Times New Roman',Times,serif; font-style: italic;"><font style="background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(0, 50, 100); font-variant: normal; text-transform: none;">Siam Cement Group<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">xxx</sup></font></div>
              </td>
              <td style="width: 21.83%; vertical-align: top; background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(0, 50, 100); font-family: 'Times New Roman',Times,serif; font-style: normal; font-variant: normal; text-transform: none; border-right: 1px solid rgb(51, 51, 51); border-bottom: 1px solid rgb(51, 51, 51);">
                <div>74%</div>
              </td>
              <td style="width: 23.43%; vertical-align: top; background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(0, 50, 100); font-family: 'Times New Roman',Times,serif; font-style: normal; font-variant: normal; text-transform: none; border-right: 1px solid rgb(51, 51, 51); border-bottom: 1px solid rgb(51, 51, 51);">
                <div>20%</div>
              </td>
              <td style="width: 21.87%; vertical-align: top; background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(0, 50, 100); font-family: 'Times New Roman',Times,serif; font-style: normal; font-variant: normal; text-transform: none; border-right: 1px solid rgb(51, 51, 51); border-bottom: 1px solid rgb(51, 51, 51);">
                <div>12%</div>
              </td>
            </tr>
            <tr>
              <td style="width: 32.87%; vertical-align: top; background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(0, 50, 100); font-family: 'Times New Roman',Times,serif; font-style: normal; font-variant: normal; text-transform: none; border-right: 1px solid rgb(51, 51, 51); padding-bottom: 1px;">
                <div style="font-style: italic;">TCC<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">xxxi</sup></div>
              </td>
              <td style="width: 21.83%; vertical-align: top; background-color: rgb(219, 219, 219); font-weight: normal; color: rgb(0, 50, 100); font-family: 'Times New Roman',Times,serif; font-style: normal; font-variant: normal; text-transform: none; border-right: 1px solid rgb(51, 51, 51); border-bottom: 1px solid rgb(51, 51, 51);">
                <div>93%</div>
              </td>
              <td style="width: 23.43%; vertical-align: top; background-color: rgb(219, 219, 219); font-weight: normal; color: rgb(0, 50, 100); font-family: 'Times New Roman',Times,serif; font-style: normal; font-variant: normal; text-transform: none; border-right: 1px solid rgb(51, 51, 51); border-bottom: 1px solid rgb(51, 51, 51);">
                <div>11%</div>
              </td>
              <td style="width: 21.87%; vertical-align: top; background-color: rgb(219, 219, 219); font-weight: normal; color: rgb(0, 50, 100); font-family: 'Times New Roman',Times,serif; font-style: normal; font-variant: normal; text-transform: none; border-right: 1px solid rgb(51, 51, 51); border-bottom: 1px solid rgb(51, 51, 51);">
                <div>Not disclosed</div>
              </td>
            </tr>
            <tr>
              <td style="width: 32.87%; vertical-align: top; background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(0, 50, 100); font-family: 'Times New Roman',Times,serif; font-style: normal; font-variant: normal; text-transform: none; border-right: 1px solid rgb(51, 51, 51); padding-bottom: 1px;">
                <div style="font-style: italic;">Ambuja<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">xxxii</sup></div>
              </td>
              <td style="width: 21.83%; vertical-align: top; background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(0, 50, 100); font-family: 'Times New Roman',Times,serif; font-style: normal; font-variant: normal; text-transform: none; border-right: 1px solid rgb(51, 51, 51); border-bottom: 1px solid rgb(51, 51, 51);">
                <div>63%</div>
              </td>
              <td style="width: 23.43%; vertical-align: top; background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(0, 50, 100); font-family: 'Times New Roman',Times,serif; font-style: normal; font-variant: normal; text-transform: none; border-right: 1px solid rgb(51, 51, 51); border-bottom: 1px solid rgb(51, 51, 51);">
                <div>5%</div>
              </td>
              <td style="width: 21.87%; vertical-align: top; background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(0, 50, 100); font-family: 'Times New Roman',Times,serif; font-style: normal; font-variant: normal; text-transform: none; border-right: 1px solid rgb(51, 51, 51); border-bottom: 1px solid rgb(51, 51, 51);">
                <div>Not disclosed</div>
              </td>
            </tr>
            <tr>
              <td style="width: 32.87%; vertical-align: top; background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(0, 50, 100); font-family: 'Times New Roman',Times,serif; font-style: normal; font-variant: normal; text-transform: none; border-right: 1px solid rgb(51, 51, 51); padding-bottom: 1px;">
                <div style="font-style: italic;">Cemex<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">xxxiii</sup></div>
              </td>
              <td style="width: 21.83%; vertical-align: top; background-color: rgb(219, 219, 219); font-weight: normal; color: rgb(0, 50, 100); font-family: 'Times New Roman',Times,serif; font-style: normal; font-variant: normal; text-transform: none; border-right: 1px solid rgb(51, 51, 51); border-bottom: 1px solid rgb(51, 51, 51);">
                <div>75%</div>
              </td>
              <td style="width: 23.43%; vertical-align: top; background-color: rgb(219, 219, 219); font-weight: normal; color: rgb(0, 50, 100); font-family: 'Times New Roman',Times,serif; font-style: normal; font-variant: normal; text-transform: none; border-right: 1px solid rgb(51, 51, 51); border-bottom: 1px solid rgb(51, 51, 51);">
                <div>29%</div>
              </td>
              <td style="width: 21.87%; vertical-align: top; background-color: rgb(219, 219, 219); font-weight: normal; color: rgb(0, 50, 100); font-family: 'Times New Roman',Times,serif; font-style: normal; font-variant: normal; text-transform: none; border-right: 1px solid rgb(51, 51, 51); border-bottom: 1px solid rgb(51, 51, 51);">
                <div>11%</div>
              </td>
            </tr>
            <tr>
              <td style="width: 32.87%; vertical-align: top; border-right: 1px solid rgb(51, 51, 51); padding-bottom: 1px;">
                <div style="font-family: 'Times New Roman',Times,serif; font-style: italic;"><font style="background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(0, 50, 100); font-variant: normal; text-transform: none;">Titan<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">xxxiv</sup></font></div>
              </td>
              <td style="width: 21.83%; vertical-align: top; background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(0, 50, 100); font-family: 'Times New Roman',Times,serif; font-style: normal; font-variant: normal; text-transform: none; border-right: 1px solid rgb(51, 51, 51); border-bottom: 1px solid rgb(51, 51, 51);">
                <div>82%</div>
              </td>
              <td style="width: 23.43%; vertical-align: top; background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(0, 50, 100); font-family: 'Times New Roman',Times,serif; font-style: normal; font-variant: normal; text-transform: none; border-right: 1px solid rgb(51, 51, 51); border-bottom: 1px solid rgb(51, 51, 51);">
                <div>16%</div>
              </td>
              <td style="width: 21.87%; vertical-align: top; background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(0, 50, 100); font-family: 'Times New Roman',Times,serif; font-style: normal; font-variant: normal; text-transform: none; border-right: 1px solid rgb(51, 51, 51); border-bottom: 1px solid rgb(51, 51, 51);">
                <div>5%</div>
              </td>
            </tr>
            <tr>
              <td style="width: 32.87%; vertical-align: top; background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(0, 50, 100); font-family: 'Times New Roman',Times,serif; font-style: normal; font-variant: normal; text-transform: none; border-right: 1px solid rgb(51, 51, 51); padding-bottom: 1px;">
                <div style="font-style: italic;">Dalmia<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">xxxv</sup></div>
              </td>
              <td style="width: 21.83%; vertical-align: top; background-color: rgb(219, 219, 219); font-weight: normal; color: rgb(0, 50, 100); font-family: 'Times New Roman',Times,serif; font-style: normal; font-variant: normal; text-transform: none; border-right: 1px solid rgb(51, 51, 51); border-bottom: 1px solid rgb(51, 51, 51);">
                <div>61%</div>
              </td>
              <td style="width: 23.43%; vertical-align: top; background-color: rgb(219, 219, 219); font-weight: normal; color: rgb(0, 50, 100); font-family: 'Times New Roman',Times,serif; font-style: normal; font-variant: normal; text-transform: none; border-right: 1px solid rgb(51, 51, 51); border-bottom: 1px solid rgb(51, 51, 51);">
                <div>13%</div>
              </td>
              <td style="width: 21.87%; vertical-align: top; background-color: rgb(219, 219, 219); font-weight: normal; color: rgb(0, 50, 100); font-family: 'Times New Roman',Times,serif; font-style: normal; font-variant: normal; text-transform: none; border-right: 1px solid rgb(51, 51, 51); border-bottom: 1px solid rgb(51, 51, 51);">
                <div>1%</div>
              </td>
            </tr>
            <tr>
              <td style="width: 32.87%; vertical-align: top; padding-bottom: 1px; border-right: 1px solid rgb(51, 51, 51);">
                <div style="font-family: 'Times New Roman',Times,serif; font-style: italic;"><font style="background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(0, 50, 100); font-variant: normal; text-transform: none;">Buzzi<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">xxxvi</sup></font></div>
              </td>
              <td style="width: 21.83%; vertical-align: top; background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(0, 50, 100); font-family: 'Times New Roman',Times,serif; font-style: normal; font-variant: normal; text-transform: none; border-bottom: 1px solid rgb(51, 51, 51);">
                <div>75%</div>
              </td>
              <td style="width: 23.43%; vertical-align: top; background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(0, 50, 100); font-family: 'Times New Roman',Times,serif; font-style: normal; font-variant: normal; text-transform: none; border-right: 1px solid rgb(51, 51, 51); border-bottom: 1px solid rgb(51, 51, 51); border-left: 1px solid rgb(0, 0, 0);">
                <div>32%</div>
              </td>
              <td style="width: 21.87%; vertical-align: top; background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(0, 50, 100); font-family: 'Times New Roman',Times,serif; font-style: normal; font-variant: normal; text-transform: none; border-right: 1px solid rgb(51, 51, 51); border-bottom: 1px solid rgb(51, 51, 51);">
                <div>7%</div>
              </td>
            </tr>
            <tr>
              <td style="width: 32.87%; vertical-align: top; border-right: 1px solid rgb(51, 51, 51); padding-bottom: 1px;">
                <div style="font-family: 'Times New Roman',Times,serif; font-style: italic;"><font style="background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(0, 50, 100); font-variant: normal; text-transform: none;">Ultratech<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">xxxvii</sup></font></div>
              </td>
              <td style="width: 21.83%; vertical-align: top; background-color: rgb(219, 219, 219); font-weight: normal; color: rgb(0, 50, 100); font-family: 'Times New Roman',Times,serif; font-style: normal; font-variant: normal; text-transform: none; border-right: 1px solid rgb(51, 51, 51); border-bottom: 1px solid rgb(51, 51, 51);">
                <div>72%</div>
              </td>
              <td style="width: 23.43%; vertical-align: top; background-color: rgb(219, 219, 219); font-weight: normal; color: rgb(0, 50, 100); font-family: 'Times New Roman',Times,serif; font-style: normal; font-variant: normal; text-transform: none; border-right: 1px solid rgb(51, 51, 51); border-bottom: 1px solid rgb(51, 51, 51);">
                <div>5%</div>
              </td>
              <td style="width: 21.87%; vertical-align: top; background-color: rgb(219, 219, 219); font-weight: normal; color: rgb(0, 50, 100); font-family: 'Times New Roman',Times,serif; font-style: normal; font-variant: normal; text-transform: none; border-right: 1px solid rgb(51, 51, 51); border-bottom: 1px solid rgb(51, 51, 51);">
                <div>1%</div>
              </td>
            </tr>
            <tr>
              <td style="width: 32.87%; vertical-align: top; border-right: 1px solid rgb(51, 51, 51); padding-bottom: 1px;">
                <div style="font-family: 'Times New Roman',Times,serif; font-style: italic;"><font style="background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(0, 50, 100); font-variant: normal; text-transform: none;">GCC<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">xxxviii</sup></font></div>
              </td>
              <td style="width: 21.83%; vertical-align: top; background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(0, 50, 100); font-family: 'Times New Roman',Times,serif; font-style: normal; font-variant: normal; text-transform: none; border-right: 1px solid rgb(51, 51, 51); border-bottom: 1px solid rgb(51, 51, 51);">
                <div>87%</div>
              </td>
              <td style="width: 23.43%; vertical-align: top; background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(0, 50, 100); font-family: 'Times New Roman',Times,serif; font-style: normal; font-variant: normal; text-transform: none; border-right: 1px solid rgb(51, 51, 51); border-bottom: 1px solid rgb(51, 51, 51);">
                <div>10%</div>
              </td>
              <td style="width: 21.87%; vertical-align: top; background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(0, 50, 100); font-family: 'Times New Roman',Times,serif; font-style: normal; font-variant: normal; text-transform: none; border-right: 1px solid rgb(51, 51, 51); border-bottom: 1px solid rgb(51, 51, 51);">
                <div>7%</div>
              </td>
            </tr>
            <tr>
              <td style="width: 32.87%; vertical-align: top; border-right: 1px solid rgb(51, 51, 51); padding-bottom: 1px;">
                <div style="font-family: 'Times New Roman',Times,serif; font-style: italic;"><font style="background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(0, 50, 100); font-variant: normal; text-transform: none;">ACC<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">xxxix</sup></font></div>
              </td>
              <td style="width: 21.83%; vertical-align: top; background-color: rgb(219, 219, 219); font-weight: normal; color: rgb(0, 50, 100); font-family: 'Times New Roman',Times,serif; font-style: normal; font-variant: normal; text-transform: none; border-right: 1px solid rgb(51, 51, 51); border-bottom: 1px solid rgb(51, 51, 51);">
                <div>58%</div>
              </td>
              <td style="width: 23.43%; vertical-align: top; background-color: rgb(219, 219, 219); font-weight: normal; color: rgb(0, 50, 100); font-family: 'Times New Roman',Times,serif; font-style: normal; font-variant: normal; text-transform: none; border-right: 1px solid rgb(51, 51, 51); border-bottom: 1px solid rgb(51, 51, 51);">
                <div>7%</div>
              </td>
              <td style="width: 21.87%; vertical-align: top; background-color: rgb(219, 219, 219); font-weight: normal; color: rgb(0, 50, 100); font-family: 'Times New Roman',Times,serif; font-style: normal; font-variant: normal; text-transform: none; border-right: 1px solid rgb(51, 51, 51); border-bottom: 1px solid rgb(51, 51, 51);">
                <div>2%</div>
              </td>
            </tr>
            <tr>
              <td style="width: 32.87%; vertical-align: top; border-right: 1px solid rgb(51, 51, 51); padding-bottom: 1px;">
                <div style="font-family: 'Times New Roman',Times,serif; font-style: italic;"><font style="background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(0, 50, 100); font-variant: normal; text-transform: none;">Heidelberg<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">xl</sup></font></div>
              </td>
              <td style="width: 21.83%; vertical-align: top; background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(0, 50, 100); font-family: 'Times New Roman',Times,serif; font-style: normal; font-variant: normal; text-transform: none; border-right: 1px solid rgb(51, 51, 51); border-bottom: 1px solid rgb(51, 51, 51);">
                <div>73%</div>
              </td>
              <td style="width: 23.43%; vertical-align: top; background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(0, 50, 100); font-family: 'Times New Roman',Times,serif; font-style: normal; font-variant: normal; text-transform: none; border-right: 1px solid rgb(51, 51, 51); border-bottom: 1px solid rgb(51, 51, 51);">
                <div>26%</div>
              </td>
              <td style="width: 21.87%; vertical-align: top; background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(0, 50, 100); font-family: 'Times New Roman',Times,serif; font-style: normal; font-variant: normal; text-transform: none; border-right: 1px solid rgb(51, 51, 51); border-bottom: 1px solid rgb(51, 51, 51);">
                <div>11%</div>
              </td>
            </tr>

        </table>
        <br>
        <div style="text-align: justify; font-weight: normal;">While Martin Marietta includes high level discussion of how the Company can reduce its emissions in the &#8220;Our Roadmap&#8221; section of its 2021 Sustainability Report, the Company has not disclosed
          any quantitative targets on these indicators or on others that it would consider more relevant, providing limited visibility into how it intends to achieve its existing emissions reduction targets.</div>
        <div><br>
        </div>
        <font style="font-weight: normal;"><br>
        </font>
        <hr noshade="noshade" align="left" style="background-color: #000000; border: 0px; height: 1px; width: 2in; margin-left: 0pt; margin-right: auto; color: #000000;"><font style="font-weight: normal;"><sup style="font-family: 'Times New Roman', serif; vertical-align: text-top; line-height: 1; font-size: smaller;">26</sup></font><font style="font-family: 'Times New Roman', Times, serif;"> </font><u><font style="background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(5, 99, 193); font-style: normal; font-variant: normal; text-transform: none;">https://www.osc.state.ny.us/press/releases/2022/04/dinapoli-state-pension-fund-calls-corporations-address-environmental-and-climate-risks</font></u><font style="font-weight: normal;"></font></div>
      <div style="margin-top: 12pt; font-family: 'Times New Roman',Times,serif; font-weight: bold;"><font style="font-weight: normal;"> </font>
        <div><br>
        </div>
        <div>
          <div style="margin-bottom: 8pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">
            <hr noshade="noshade" align="left" style="height: 1px; width: 100%; color: #003C64; background-color: #003C64; margin-left: 0px; margin-right: auto; border: none;">This is not a solicitation of authority to vote your proxy. Please DO NOT send
            us your proxy card as it will not be accepted.</div>
        </div>
      </div>
      <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="BRPFPageBreakArea">
        <div style="text-align: right;" class="BRPFPageNumberArea"><font style="color: #000000; font-weight: normal; font-style: normal;" class="BRPFPageNumber">8</font></div>
        <div style="page-break-after: always;" class="BRPFPageBreak">
          <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
        <div style="width: 100%;" class="BRPFPageHeader"></div>
      </div>
      <div> <br>
      </div>
      <div style="margin-top: 12pt; font-family: 'Times New Roman',Times,serif; font-weight: bold;"><font style="font-weight: normal;"> </font>
        <div style="text-align: justify; font-weight: normal;">quantitative targets on these indicators or on others that it would consider more relevant, providing limited visibility into how it intends to achieve its existing emissions reduction targets.</div>
        <div style="font-weight: normal;"><br>
        </div>
        <div style="text-align: justify; font-weight: normal;">Investors ask companies to report qualitatively and quantitatively on how they intend to achieve their targets, in line with leading investor expectations documents such as climate reporting
          frameworks including the Task Force on Climate-Related Financial Disclosures (TCFD) and the Climate Action 100+ Net-Zero Company Benchmark.</div>
        <div style="margin-bottom: 8pt;"><br>
        </div>
        <div style="text-align: justify; margin-bottom: 8pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">The views set forth in this memorandum are those of Amundi Asset Management alone.&#160; Amundi Asset Management and its investment
          adviser affiliates vote client proxies according to policies and procedures tailored to their market and client base.&#160; Market-specific voting guidelines and individual client direction can result in different voting practices on behalf of
          individual clients with respect to environmental, social, governance (ESG) and other matters.&#160; This memorandum should not be interpreted as a statement of voting intentions with respect to any particular client.</div>
        <div>
          <div style="text-align: justify; font-family: 'Times New Roman', Times, serif; font-weight: bold;">This is not a solicitation of authority to vote your proxy. Please DO NOT send us your proxy card; the Amundi Asset Management is not able to vote
            your proxies, nor does this communication contemplate such an event.&#160;The Proponents urge shareholders to vote for Proposal #5 following the instruction provided on the management&#8217;s proxy mailing.</div>
        </div>
        <div style="margin-bottom: 8pt;"><br>
        </div>
        <div style="margin-bottom: 8pt;">
          <hr noshade="noshade" align="left" style="height: 1px; width: 10%; color: #000000; background-color: #000000; margin-left: 0px; margin-right: auto; border: none;"></div>
      </div>
      <div style="margin-top: 12pt; font-family: 'Times New Roman',Times,serif; font-weight: bold;"><font style="font-weight: normal;"> </font>
        <div style="text-align: justify; font-weight: normal;"><sup style="font-family: 'Times New Roman', serif; vertical-align: text-top; line-height: 1; font-size: smaller;">i</sup> <u><font style="background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(5, 99, 193); font-style: normal; font-variant: normal; text-transform: none;">https://mcdn.martinmarietta.com/assets/sustainability/2021sustainabilityreport.pdf</font></u></div>
        <div style="font-weight: normal;"><sup style="font-family: 'Times New Roman', serif; vertical-align: text-top; line-height: 1; font-size: smaller;">ii</sup> <u><font style="background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(5, 99, 193); font-style: normal; font-variant: normal; text-transform: none;">https://www.cdp.net/en</font></u></div>
        <div style="font-weight: normal;"><sup style="font-family: 'Times New Roman', serif; vertical-align: text-top; line-height: 1; font-size: smaller;">iii</sup> <u><font style="background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(5, 99, 193); font-style: normal; font-variant: normal; text-transform: none;">https://www.cdp.net/en</font></u></div>
        <div style="font-weight: normal;"><sup style="font-family: 'Times New Roman', serif; vertical-align: text-top; line-height: 1; font-size: smaller;">iv</sup> <u><font style="background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(5, 99, 193); font-style: normal; font-variant: normal; text-transform: none;">https://www.cdp.net/en</font></u></div>
        <div style="font-weight: normal;"><sup style="font-family: 'Times New Roman', serif; vertical-align: text-top; line-height: 1; font-size: smaller;">v</sup> <u><font style="background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(5, 99, 193); font-style: normal; font-variant: normal; text-transform: none;">https://www.cdp.net/en</font></u></div>
        <div style="font-weight: normal;"><sup style="font-family: 'Times New Roman', serif; vertical-align: text-top; line-height: 1; font-size: smaller;">vi</sup> <u><font style="background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(5, 99, 193); font-style: normal; font-variant: normal; text-transform: none;">https://www.cdp.net/en</font></u></div>
        <div style="font-weight: normal;"><sup style="font-family: 'Times New Roman', serif; vertical-align: text-top; line-height: 1; font-size: smaller;">vii</sup> <u><font style="background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(5, 99, 193); font-style: normal; font-variant: normal; text-transform: none;">https://www.cdp.net/en</font></u></div>
        <div style="font-weight: normal;"><sup style="font-family: 'Times New Roman', serif; vertical-align: text-top; line-height: 1; font-size: smaller;">viii</sup> <u><font style="background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(5, 99, 193); font-style: normal; font-variant: normal; text-transform: none;">https://www.cdp.net/en</font></u></div>
        <div style="font-weight: normal;"><sup style="font-family: 'Times New Roman', serif; vertical-align: text-top; line-height: 1; font-size: smaller;">ix</sup> <u><font style="background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(5, 99, 193); font-style: normal; font-variant: normal; text-transform: none;">https://api.mziq.com/mzfilemanager/v2/d/29633c00-23f7-4765-9594-926012179477/e6ae664e-11b7-1671-73fc-41bd4afc046c?origin=1</font></u></div>
        <div style="font-weight: normal;"><sup style="font-family: 'Times New Roman', serif; vertical-align: text-top; line-height: 1; font-size: smaller;">x</sup><u><font style="background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(5, 99, 193); font-style: normal; font-variant: normal; text-transform: none;"> https://www.cdp.net/en</font></u></div>
        <div style="font-weight: normal;"><sup style="font-family: 'Times New Roman', serif; vertical-align: text-top; line-height: 1; font-size: smaller;">xi</sup> <u><font style="background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(5, 99, 193); font-style: normal; font-variant: normal; text-transform: none;">https://www.cdp.net/en</font></u></div>
        <div style="font-weight: normal;"><sup style="font-family: 'Times New Roman', serif; vertical-align: text-top; line-height: 1; font-size: smaller;">xii</sup> <u><font style="background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(5, 99, 193); font-style: normal; font-variant: normal; text-transform: none;">https://www.cdp.net/en</font></u></div>
        <div style="font-weight: normal;"><sup style="font-family: 'Times New Roman', serif; vertical-align: text-top; line-height: 1; font-size: smaller;">xiii</sup> <u><font style="background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(5, 99, 193); font-style: normal; font-variant: normal; text-transform: none;">https://www.cdp.net/en</font></u></div>
        <div style="font-weight: normal;"><sup style="font-family: 'Times New Roman', serif; vertical-align: text-top; line-height: 1; font-size: smaller;">xiv</sup> <u><font style="background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(5, 99, 193); font-style: normal; font-variant: normal; text-transform: none;">https://www.cdp.net/en</font></u></div>
        <div style="font-weight: normal;"><sup style="font-family: 'Times New Roman', serif; vertical-align: text-top; line-height: 1; font-size: smaller;">xv</sup> <u><font style="background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(5, 99, 193); font-style: normal; font-variant: normal; text-transform: none;">https://www.cdp.net/en</font></u></div>
        <div style="font-weight: normal;"><sup style="font-family: 'Times New Roman', serif; vertical-align: text-top; line-height: 1; font-size: smaller;">xvi</sup> <u><font style="background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(5, 99, 193); font-style: normal; font-variant: normal; text-transform: none;">https://www.buzziunicem.com/documents/20143/279690/Sustainability+Report+2021.pdf/1192238b-3122-53fa-18ff-296ccf61e694</font></u></div>
        <div style="font-weight: normal;"><sup style="font-family: 'Times New Roman', serif; vertical-align: text-top; line-height: 1; font-size: smaller;">xvii</sup> <u><font style="background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(5, 99, 193); font-style: normal; font-variant: normal; text-transform: none;">https://www.cdp.net/en</font></u></div>
        <div style="font-weight: normal;"><sup style="font-family: 'Times New Roman', serif; vertical-align: text-top; line-height: 1; font-size: smaller;">xviii</sup><u><font style="background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(5, 99, 193); font-style: normal; font-variant: normal; text-transform: none;"> </font></u><font style="font-family: 'Times New Roman', Times, serif;"><u><font style="background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(5, 99, 193); font-family: 'Times New Roman',Times,serif; font-style: normal; font-variant: normal; text-transform: none;">https://cdn.investorcloud.net/gcc/InformacionFinanciera/InformacionAnual/GCC-2021-Sustainability-Report.pd</font>f</u></font></div>
        <div style="font-weight: normal;"><sup style="font-family: 'Times New Roman', serif; vertical-align: text-top; line-height: 1; font-size: smaller;">xix</sup> <u><font style="background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(5, 99, 193); font-style: normal; font-variant: normal; text-transform: none;">https://www.cdp.net/en</font></u></div>
        <div style="font-weight: normal;"><sup style="font-family: 'Times New Roman', serif; vertical-align: text-top; line-height: 1; font-size: smaller;">xx</sup> <u><font style="background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(5, 99, 193); font-style: normal; font-variant: normal; text-transform: none;">https://www.cdp.net/en</font></u></div>
        <div style="font-weight: normal;"><sup style="font-family: 'Times New Roman', serif; vertical-align: text-top; line-height: 1; font-size: smaller;">xxi</sup> <u><font style="background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(5, 99, 193); font-style: normal; font-variant: normal; text-transform: none;">https://mcdn.martinmarietta.com/assets/sustainability/2021sustainabilityreport.pdf</font></u></div>
        <div style="font-weight: normal;"><sup style="font-family: 'Times New Roman', serif; vertical-align: text-top; line-height: 1; font-size: smaller;">xxii</sup> <u><font style="background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(5, 99, 193); font-style: normal; font-variant: normal; text-transform: none;">https://www.votorantimcimentos.com.tr/en-us/sustainability-vt/Documents/vc-integrated-report-2021-EN.pdf</font></u></div>
        <div style="font-weight: normal;"><sup style="font-family: 'Times New Roman', serif; vertical-align: text-top; line-height: 1; font-size: smaller;">xxiii</sup><u><font style="background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(5, 99, 193); font-style: normal; font-variant: normal; text-transform: none;"> https://www.shreecement.com/uploads/corporate-sustainability-reports/ShreeCement-SR2021-030122Web.pdf</font></u></div>
        <div style="font-weight: normal;"><sup style="font-family: 'Times New Roman', serif; vertical-align: text-top; line-height: 1; font-size: smaller;">xxiv</sup> <u><font style="background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(5, 99, 193); font-style: normal; font-variant: normal; text-transform: none;">https://www.vicat.com/sites/www.vicat.fr/files/2022-03/20220307_2021%20URD%20Vicat.pdf</font></u></div>
        <div style="font-weight: normal;"><sup style="font-family: 'Times New Roman', serif; vertical-align: text-top; line-height: 1; font-size: smaller;">xxv</sup> <u><font style="background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(5, 99, 193); font-style: normal; font-variant: normal; text-transform: none;">https://www.sig.id/storage/downloads/laporan-keberlanjutan/sr-smgr-2022-bilingual.pdf</font></u></div>
        <div style="font-weight: normal;"><sup style="font-family: 'Times New Roman', serif; vertical-align: text-top; line-height: 1; font-size: smaller;">xxvi</sup> <u><font style="background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(5, 99, 193); font-style: normal; font-variant: normal; text-transform: none;">https://argos.co/wp-content/uploads/2022/04/CA_RI2021_CN_Ingles.pdf</font></u></div>
        <div style="font-weight: normal;"><sup style="font-family: 'Times New Roman', serif; vertical-align: text-top; line-height: 1; font-size: smaller;">xxvii</sup> <u><font style="background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(5, 99, 193); font-style: normal; font-variant: normal; text-transform: none;">https://www.crh.com/media/4137/crh-2021-sustainability-report_interactive.pdf</font></u></div>
        <div style="font-weight: normal;"><sup style="font-family: 'Times New Roman', serif; vertical-align: text-top; line-height: 1; font-size: smaller;">xxviii</sup> <u><font style="background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(5, 99, 193); font-style: normal; font-variant: normal; text-transform: none;">https://www.holcim.com/sites/holcim/files/2022-04/08042022-holcim-climate-report-2022.pdf</font></u></div>
        <div style="font-weight: normal;"><font style="font-family: 'Times New Roman', Times, serif;"><u> <br>
            </u></font></div>
        <div style="font-weight: normal;"><font style="font-family: 'Times New Roman', Times, serif;"><u> <br>
            </u></font></div>
        <div style="font-weight: normal;"><br>
          <div><br>
          </div>
          <div>
            <div style="margin-bottom: 8pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">
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        <div style="font-weight: normal;"><sup style="font-family: 'Times New Roman', serif; vertical-align: text-top; line-height: 1; font-size: smaller;">xxxvii</sup> <u><font style="background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(5, 99, 193); font-style: normal; font-variant: normal; text-transform: none;">https://www.ultratechcement.com/content/dam/ultratechcementwebsite/pdf/sustainability-reports/ultratech-sr-2021-22.pdf</font></u></div>
        <div style="font-weight: normal;"><sup style="font-family: 'Times New Roman', serif; vertical-align: text-top; line-height: 1; font-size: smaller;">xxxviii</sup> <u><font style="background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(5, 99, 193); font-style: normal; font-variant: normal; text-transform: none;">https://cdn.investorcloud.net/gcc/InformacionFinanciera/InformacionAnual/GCC-2021-Sustainability-Report.pdf</font></u></div>
        <div style="font-weight: normal;"><sup style="font-family: 'Times New Roman', serif; vertical-align: text-top; line-height: 1; font-size: smaller;">xxxix</sup> <u><font style="background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(5, 99, 193); font-style: normal; font-variant: normal; text-transform: none;">https://acclimited.com/AnnualReport-2021-22/pdf/ACC%20limited%20IR_2021_final.pdf</font></u></div>
        <div style="font-weight: normal;"><sup style="font-family: 'Times New Roman', serif; vertical-align: text-top; line-height: 1; font-size: smaller;">xl</sup><font style="font-family: 'Times New Roman', Times, serif;"> </font><u><font style="background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(5, 99, 193); font-style: normal; font-variant: normal; text-transform: none;">https://www.heidelbergcement.com/en/sustainability-report</font></u></div>
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end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
