Prysmian S.P.A. launches share buyback plan

Milan, 8 October 2008. Prysmian SpA announces its intention to proceed with a share buyback plan under the terms approved by the Shareholders’ Meeting held on 15 April 2008. In this regard, the Board of Directors held on 7 October 2008 has vested the Chief Executive Officer and the Chief Financial Officer with adequate powers to purchase up to a maximum of 4 million ordinary shares by 31 December 2008.

Prysmian will communicate any daily transactions made, specifying the number of shares purchased, the average unit price and the total number of shares purchased since the start of the plan.