Prysmian S.p.A: Maximum Price per share established at €16.75

Today the Maximum Price was established for the placement of Prysmian S.p.A.'s ordinary shares. On 10 April 2007, Prysmian S.p.A. — the parent company of one of the world's leading groups in the energy and telecommunications cables industry — received authorisation from Borsa Italiana S.p.A. to list its ordinary shares on the Italian electronic share market (Mercato Telematico Azionario - MTA) and on 12 April 2007 the Company was authorised by CONSOB to publish its Prospectus for the Italian Public Offering for Sale and listing. 

The Maximum Price is €16.75 for each ordinary share of Prysmian S.p.A.. 

The counter-value of the Minimum Lot (of 350 shares), calculated on the Maximum Price, is €5,862.50. 

The counter-value of the Increased Minimum Lot (of 3,500 shares), calculated on the Maximum Price, is €58,625.00. 

The estimated proceeds from the Global Public Offering, based on the maximum number of shares being offered and the Maximum Price, will be a net value of approximately €1,174.64 million, after subtracting the commission due to the Consortium managing the Italian Public Offering and the Consortium for the Institutional Offering, and €1,351.02 million, in case of the Greenshoe Option is fully exercised. 

The Italian Public Offering for Sale will be launched on 16 April 2007 and will end on 27 April 2007. 

The Offering price will be determined at the end of the Offering Period and will be announced within two working days from the end of the Offering. Payment for shares and commencement of trading are expected to occur 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.