Entwistle & Cappucci LLP Announces Class Action Lawsuit Against Lafarge North America, Inc.

NEW YORK--(BUSINESS WIRE)--Feb. 7, 2006--Entwistle & Cappucci LLP ("Entwistle & Cappucci") today announced that on February 6, 2006, it filed a class action lawsuit on behalf of stockholders of Lafarge North America, Inc. ("Lafarge North America" or the "Company") (NYSE:LAF) against Lafarge North America, Lafarge S.A., Bertrand P. Collomb, Bernard L. Kasriel, Philippe R. Rollier, Marshall A. Cohen, Philippe P. Dauman, Bruno Lafont, Claudine B. Malone, Blythe J. McGarvie, James M. Micali, Robert W. Murdoch, Bertin F. Nadeau, John D. Redfern, Michel Rose and Lawrence M. Tanenbaum. Lafarge North America operates as a supplier of construction materials in the United States and Canada, providing cement, ready-mixed concrete, gypsum wallboard, aggregates, asphalt and related products and services.

On February 6, 2006, the French parent company of Lafarge North America, Lafarge S.A., which owns approximately 53% of Lafarge North America's outstanding common stock, announced its intention to commence a tender offer for all outstanding shares of common stock of the Company, at a purchase price of $75.00 per share (the "Offer"). The Offer, as priced, represents only a 16.7% premium over the closing price on February 3, 2006. As recently as October 2, 2005, Lafarge North America's shares traded as high as $70.47 per share. Moreover, the action alleges that the Offer is grossly inadequate in light of Lafarge North America's projected growth and profitability. The $75.00 price per share does not adequately value the Company in light of its recent, outstanding financial performance as announced on February 1, 2006. At that time, the Company reported its fourth-quarter results, which included a 47% surge in its profits and a 14% increase in revenues as compared with the year-ago quarter.

The class action is brought on behalf of the public minority stockholders of Lafarge North America, to void and enjoin the efforts to deprive the company's minority shareholders of their equity interest in Lafarge North America at a grossly unfair and inadequate price and to usurp the benefits of the Company's growth and future prospects for the defendants' own benefit. The plaintiff is represented by Entwistle & Cappucci LLP, which has extensive experience in prosecuting securities class litigation involving breaches of fiduciary duty and financial fraud. If you have any questions about the lawsuit, or wish to participate in the prosecution of the action, please contact Stephen D. Oestreich, Esq. ([e-mail]), Robert N. Cappucci, Esq. ([e-mail]) or William W. Wickersham, Esq. ([e-mail]).