Taihan press release

With reference to recent reports and news concerning the disclosure by the Taihan group of an investment in financial products related to approximately 18.5% of the outstanding shares of Prysmian S.p.A., Prysmian confirms that, based on public sources and records, as of today Taihan still holds n. 17.820.000 shares, currently equal to a 9.87% stake of the outstanding shares of Prysmian, which it purchased in November 2007 and that Taihan has not notified to the company any increase of such stake nor any additional purchase of shares.
Taihan has informed the Company that the above investment consists of equity swaps to be settled only in cash ("cash settlement").

Taihan has had, and continues to have, no representation on the Board of Directors of Prysmian, consistent with its intentions, stated in November 2007, to refrain for a period of 2 years from exercising any role in or influence on the management of Prysmian.

Prysmian hereby confirms that it maintains its absolute independence and autonomy and that no discussions concerning any cooperation with any Taihan group's company nor any other potential business combination between Prysmian and the Taihan group are currently ongoing or envisaged.