U.S. Concrete Inc. Announces Completion of Initial Public Offering of 3,800,000 Shares of Common Stock

Business Wire, May 26, 1999

HOUSTON--(BUSINESS WIRE)--May 26, 1999--

U.S. Concrete Inc. (Nasdaq:RMIX) today announced that it has completed the initial public offering of its common stock, which is quoted on the Nasdaq National Market under the symbol RMIX. The initial public offering price for the 3,800,000 shares, all of which were offered by the Company, was $8.00 per share.

The offering is being managed by Scott & Stringfellow Inc. and Sanders Morris Mundy Inc. The closing is scheduled for May 28, 1999. The Company has granted the underwriters a 30-day option to purchase up to 570,000 additional shares to cover over-allotments, if any. Net proceeds to the Company are being used to finance acquisitions being consummated concurrently with the offering.

Headquartered in Houston, Texas, U.S. Concrete Inc. was formed to create a leading provider of ready-mixed concrete and related products and services in major markets in the United States.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

The offering of the common stock is being made only by a prospectus. Copies of the prospectus relating to the offering may be obtained from Scott & Stringfellow Inc., 909 E. Main Street, Richmond, Virginia 23219 (804/643-1811), and Sanders Morris Mundy Inc., 600 Travis, Suite 3100, Houston, Texas 77002 (713/250-4200).