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4

CONTENTS

LETTER TO STAKEHOLDERS

5

GROUP ANNUAL REPORT

Directors' Report

10

Consolidated Financial Statements

140

Explanatory Notes to the Consolidated Financial Statements

146

Certification of the consolidated financial statements pursuant to art. 81-ter of Consob Regulation

11971 dated 14 May 1999 and subsequent amendments and additions

264

Audit Report

265

Disclaimer

This document contains forward-looking statements, specifically in the sections entitled "Significant events

after the reporting period" and "Business outlook", that relate to future events and the operating, economic

and financial results of the Prysmian Group. By their nature, forward-looking statements involve risk and

uncertainty because they depend on the occurrence of future events and circumstances. Actual results may

differ materially from those reflected in forward-looking statements due to a variety of factors.