European Commission’s decision relating to the antitrust proceedings in the terrestrial high voltage cables and submarine cables markets.

Reference is made to the press release published on last April 2^nd, relating to the European Commission’s decision ruling that all major worldwide cable manufacturers, including Prysmian Cavi e Sistemi S.r.l., have to pay a fine. The Board of Directors of Prysmian S.p.A., during the meeting of today, after having informed the Board of Statutory Auditors, has confirmed the appropriateness of the reserves already set by Prysmian Group since 2011.

The Board of Directors has therefore deemed not to amend the Prysmian Group Consolidated Financial Statements and the draft of the Prysmian S.p.A. Statutory Financial Statements at 31 December 2013, both approved during the meeting held on 25 February 2014.

It is reminded that said reserves are equal to approximately EUR 200 million in relation to the estimated risks linked to the antitrust investigations launched by the European Commission and the antitrust authorities of the US, Canada and Australia, while Prysmian Group has not allocated any reserve in respect of the proceedings initiated by the Brazilian antitrust authority thus far.

It is finally reminded that the European Commission has ordered Prysmian Cavi e Sistemi S.r.l. to pay, jointly with Pirelli & C. S.p.A., a fine of EUR 67,310,000 for the infringement relevant to the period from 18 February 1999 to 28 July 2005 and to pay a fine of EUR 37,303,000, jointly with Prysmian S.p.A. and The Goldman Sachs Group Inc., for the period from 29 July 2005 to 28 January 2009.