Price of Prysmian S.p.A.'s Ordinary Shares Established

Prysmian S.p.A., the parent company of one of the world's leading groups in energy and telecommunications cables and systems, successfully closed the Global Offering of 72,000,000 of its ordinary shares. 

The Offering Price of Prysmian S.p.A shares for the Global Offering was established at €15 by the Selling Shareholder, in agreement with the Joint Global Coordinators, based on the amount and quality of the Institutional Investors' interest as well as that resulting from the Italian Public Offering. 

The counter-value for each Minimum Lot (of 350 shares), calculated on the basis of the Offering Price is €5,250; the counter-value for each Increased Minimum Lot (of 3,500 shares) amounts to €52,500. 

The net proceeds from the Global Offering, based on the Offering Price, after subtracting the maximum commission due to the Consortium managing the Italian Public Offering and the Consortium for the Institutional Offering, will be €1,052 million. If the Greenshoe option is fully exercised, the amount will be €1,210 million. 

Based on the Offering Price of €15 per share, the market capitalisation of Prysmian S.p.A. will be €2,700 million. 

Payment for shares and commencement of trading are expected to occur on 3 May 2007. 

Results of the Global Offering will be made public through notice on 3 May 2007. 

Goldman Sachs, JPMorgan and Mediobanca are Joint Global Coordinators of the offering. Mediobanca also acts as Sponsor and Placement Manager for the public offering in Italy. 

Labruna Mazziotti Segni and Shearman & Sterling are the Company's legal advisors, d'Urso Munari Gatti and Cleary Gottlieb Steen & Hamilton are the Joint Global Coordinators' legal advisors. PricewaterhouseCoopers have been appointed as external auditors.