Successfully placed € 400 million bond issue Demand in excess of € 3 billion, over 7.5 times the offered amount<br>Issue price of 99.674, with a coupon rate of 5.25%

Prysmian Spa, a world leader in the energy and telecommunications cables industry, makes a successful debut on the Eurobond market. Following the resolution approved by the Board of Directors on March 3rd, 2010, Prysmian SpA announces the completion of the placement to institutional investors of an unrated bond, on the Eurobond market, for a total nominal value of € 400 million.

Investors’ strong interest resulted in total demand in excess of € 3 billion, over 7.5 times the offer amount. “This is a highly successful result that further confirms the credibility of the Group and the investors’ confidence in the prospective outlook for the Group's business”, commented Prysmian’s CFO Pier Francesco Facchini.

The bonds will have a maturity of 5 years and will pay an annual fixed coupon equal to 5.25%, with an issue price equal to 99.674. The bonds, due on 9 april 2015, have minimum denominations of €50,000, plus integral multiples of €1,000. The bonds’ settlement date is expected to be 9 april 2010.

Prysmian Spa has applied for the listing of the bonds on the Official List of the Luxembourg Stock Exchange and for admission to trading on the Luxembourg Stock Exchange’s regulated market. In connection with the issue of the bonds, stabilization actions might be carried out in accordance with all applicable laws and regulations.

The bond offering has been managed by Banca IMI Spa, Crédit Agricole Corporate and Investment Bank, Citigroup Global Markets Limited, Goldman Sachs International and Unicredit Bank AG, as joint lead managers.

Prysmian will use the proceeds of bond for general corporate purposes of the Group, including the refinancing of existing debt.

This Press Release is not an offer for the purchase of bonds in the United States. The bonds have not, and will not, be registered as per the United States Securities Act of 1933, as modified ("Securities Act"), or in the terms of any financial regulation in any of the states of the United States, or on behalf or to the benefit of a "U.S. person", as per the definition given by Regulation S of the Securities Act, unless within the limits of applicable exceptions, i.e., an operation not subject to registration requirements under the Securities Act.
This Press Release is not a public offer of financial products in Italy, as per art. 1, para. 1, letter. t), of Legislative Decree 58 of 24 February 1998 ("TUF"). This Press Release is not an offer of sale or an invitation to invest in financial products. The documentation relating to the offer will not be subject to the approval of CONSOB.
Moreover, bonds may not be sold in any country or jurisdiction in which such an offer might be considered illegal. No action has or will be taken to permit a public offer of the bonds under any jurisdiction, including in Italy.
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