General Cable Announces Initiation of Regular Quarterly Dividend of $0.18 per Share. Extends $125M Buyback Through End of 2013

General Cable Corporation BGC today announced that its Board of Directors has authorized the payment of a regular quarterly dividend. The Board declared an initial quarterly dividend of $0.18 per share, payable on June 28, 2013 to all common shareholders of record as of June 10, 2013. The quarterly dividend is the first for General Cable since 2002. In addition, the Board extended the Company's existing $125 million, one-year share repurchase program originally adopted in October 2012. The 2012 repurchase program authorization will now continue through the end of 2013. This program has not been utilized by the Company principally due to restrictions implemented while the Company restated its financial statements at the end of 2012 and into the early part of 2013. Gregory B. Kenny, President and Chief Executive Officer of General Cable, said, “Over the past several years, we have continued to transform the Company expanding into faster growing emerging markets and enhancing our product portfolio in developed markets through both acquisitions and organic investments. Our financial position and confidence in our operating model have strengthened considerably over this time and we believe the Company is now in the position to begin returning cash to shareholders. Our approach to capital deployment will benefit our shareholders by returning cash through quarterly dividends and will provide the potential for additional returns to shareholders through our share repurchase program. We believe this is a balanced approach providing us with financial flexibility to service our financial obligations while we work to grow the business in a volatile commodity price environment, which can have a meaningful impact on working capital requirements. As a global company, we also remain cognizant of geographically varying sources of liquidity, tax efficiency and other considerations as well as potentially attractive acquisition opportunities.” The Company intends to pay quarterly dividends on its common shares subject to, among other things, the best interest of its shareholders, results of operations, cash balances and future cash requirements, financial condition, and other factors that may be relevant. The Company will utilize the buyback authority in the context of economic conditions as well as the then prevailing market prices of the common stock of the Company, regulatory requirements, and alternative capital investment opportunities. General Cable Corporation BGC, a Fortune 500 Company, is a global leader in the development, design, manufacture, marketing and distribution of copper, aluminum and fiber optic wire and cable products and systems for the energy, industrial, specialty, construction and communications markets. Visit our website at www.generalcable.com.