Prysmian S.p.A., update – 90.4% of ordinary shares of Draka Holding N.V. tendered for acceptance

With reference to the public tender offer for all the outstanding ordinary shares of Draka (the Shares), at an offer price of Euro 8.60 in cash plus 0.6595 newly issued Prysmian ordinary shares for each Share (the Offer), launched on 5 January 2011, Prysmian announces that during the offer period, which ended at 18:00 hours, Amsterdam time on 3 February 2011, n. 44,064,748 Shares have been tendered for acceptance under the Offer, representing around 90.4% of Draka’s issued and outstanding ordinary share capital (excluding any Shares held by Draka).

These Shares tendered under the Offer, together with the 5,754,657 financing preference shares to be acquired by Prysmian from ASR Levensverzekering N.V. and Kempen Bewaarder Beleggingsfonds ‘Ducatus’ B.V should the Offer be declared unconditional, represent around 91.4% of the total issued and outstanding share capital of Draka.

Prysmian will announce whether it declares the Offer unconditional no later than on Tuesday 8 February 2011, in accordance with Article 16 of the Dutch decree on public tender offers Wft.

This press release, which reflects the contents of the joint press release issued by Prysmian and Draka today pursuant to Dutch law, is made exclusively in compliance with, and pursuant to, the provisions of article 114 of the Italian Legislative Decree of 24 February 1998 n. 58, as subsequently amended (Italian Financial Act).


PRYSMIAN
A leading player in the industry of high-tech cables and systems for energy and telecommunications, the Prysmian Group is a truly global company with sales in excess of € 3.7 billion in 2009 and a strong position in higher value-added market segments. With its two businesses, Energy Cables & Systems (submarine and underground cables for power transmission and distribution, for industrial applications and for the distribution of electricity to residential and commercial buildings) and Telecom Cables & Systems (optical cables and fibres and copper cables for video, data and voice transmission), Prysmian boasts a global presence with subsidiaries in 39 countries, 56 plants in 24 countries, 8 Research & Development Centres in Europe, USA, South America and Asia, and around 12,000 employees. Specialising in the development of products and services designed to meet specific customer requirements, Prysmian's key strengths include: a focus on Research & Development, the capacity to innovate products and production processes, and the use of advanced proprietary technologies. Prysmian is listed on the Milan Stock Exchange in the Blue Chip index.