Prysmian Group 2015 Sustainability Report

Prysmian Group – 2015 Sustainability Report

Group ID Card

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Further information about this can be found in the Annual Report 2015, which is available on the Company's

website

The European Commission deemed Prysmian Cavi e Sistemi S.r.l., together with Pirelli & C. S.p.A.,

responsible for the alleged violation during the period from 18 February 1999 to 28 July 2005 and

condemned them to pay a fine of 67.3 million euro. It also deemed Prysmian Cavi e Sistemi S.r.l., together

with Prysmian S.p.A. and The Goldman Sachs Group Inc., responsible for the alleged violation during the

period from 29 July 2005 to 28 January 2009, condemning them to pay a fine of 37.3 million euro. Prysmian

has appealed to the European Court against this decision and has presented requests to participate in the

appeals against the same decision filed by Pirelli & C. S.p.A. and The Goldman Sachs Group Inc. Both Pirelli

& C. S.p.A. and The Goldman Sachs Group Inc. have, in turn, presented requests to participate in the

appeals promoted by Prysmian against the decision taken by the European Commission. The participation

requests presented by Prysmian, Pirelli & C. S.p.A. and The Goldman Sachs Group Inc. have all be

accepted by the European Court. Prysmian has not made any cash payments as a result of the above

decision, having elected - while awaiting the appeal - to give bank sureties guaranteeing payment of half the

fine levied by the European Commission (amounting to about 52 million euro) for the disputed violation in

both the above periods. Prysmian understands that Pirelli & C. S.p.A. has also given bank sureties to the

European Commission covering half the fine levied in relation to the disputed violation in the period from 18

February 1999 to 28 July 2005. Pirelli & C. S.p.A. has also taken civil action against Prysmian Cavi e Sistemi

S.r.l., before the Milan Court, requesting to be held free from any demands advanced by the European

Commission consequent to the enforcement of its decision and from any related enforcement charges. In

February 2015, Prysmian Cavi e Sistemi S.r.l. filed in relation to the above action, requesting complete

rejection of the demands advanced by Pirelli & C. S.p.A. and, with reference to the disputed violation in the

period from 18 February 1999 to 28 July 2005, that Pirelli & C. S.p.A. be required to hold Prysmian Cavi e

Sistemi S.r.l. free from any demands advanced by the European Commission consequent to the

enforcement of its decision and from any related enforcement charges. The action was then suspended, by

order of the Milan Court in April 2015, while awaiting the outcome of the appeal against the European

Commission decision promoted in the European courts by both Prysmian and Pirelli. Pirelli has appealed to

the Court of Cassation to overturn this order.

Further information is available in the Annual Report 2015