Market Overview

Prysmian and General Cable Announce Anticipated Closing Date of June 6, 2018 for Prysmian's Acquisition of General Cable


Prysmian Group (BIT: PRY) and General Cable Corporation (NYSE:
) today announced that the parties have been informed that they
have obtained clearance from the Committee on Foreign Investment in the
United States (CFIUS) for the proposed acquisition of General Cable by
Prysmian. Such clearance was the last of the regulatory approvals sought
in connection with the transaction.

As previously announced by General Cable, on February 16, 2018,
stockholders of General Cable approved General Cable's acquisition by
Prysmian at a special meeting of General Cable's stockholders called for
such purpose.

Prysmian and General Cable currently expect that the closing of the
transaction will occur on June 6, 2018, subject to the satisfaction or
waiver of the remaining customary conditions to closing set forth in the
merger agreement between the parties.

Prysmian Group

Prysmian Group is world leader in the energy and telecom cable systems
industry. With almost 140 years of experience, sales of about €7.9
billion in 2017, over 21,000 employees across 50 countries and 82
plants, the Group is strongly positioned in high-tech markets and offers
the widest possible range of products, services, technologies and
know-how. It operates in the businesses of underground and submarine
cables and systems for power transmission and distribution, of special
cables for applications in many different industries and of medium and
low voltage cables for the construction and infrastructure sectors. For
the telecommunications industry, the Group manufactures cables and
accessories for voice, video and data transmission, offering a
comprehensive range of optical fibres, optical and copper cables and
connectivity systems. Prysmian is a public company, listed on the
Italian Stock Exchange in the FTSE MIB index.

General Cable

General Cable (NYSE:BGC), with headquarters in Highland Heights,
Kentucky, is a global leader in the development, design, manufacture,
marketing and distribution of aluminum, copper and fiber optic wire and
cable products for the energy, communications, automotive, industrial,
construction and specialty segments. General Cable is one of the largest
wire and cable manufacturing companies in the world, operating
manufacturing facilities in its core geographical markets, and has sales
representation and distribution worldwide.

Cautionary Statement Regarding Forward-Looking Statements

This document contains certain forward-looking statements also within
the meaning of Section 27A of the Securities Act of 1933 and Section 21E
of the Securities Exchange Act of 1934, as amended. In some cases, you
can identify these forward-looking statements by forward-looking words,
such as "estimate," "expect," "anticipate," "project," "plan," "intend,"
"believe," "forecast," "foresee," "likely," "may," "should," "goal,"
"target," "might," "will," "could," "predict," and "continue," the
negative or plural of these words and other comparable terminology.
Forward looking statements in this document include, but are not limited
to, statements regarding the expected timing of the completion of the
transaction, Prysmian's operation of General Cable's business following
completion of the contemplated merger, the expected benefits of the
transaction, and the future operation, direction and success of
Prysmian's and General Cable's businesses. These forward-looking
statements are subject to numerous risks and uncertainties, which could
cause actual results to differ materially from those anticipated in
these forward-looking statements. These risks and uncertainties include,
but are not limited to, uncertainties as to the timing of the
contemplated merger; the possibility that the closing conditions to the
contemplated merger may not be satisfied or waived; and other risks and
uncertainties described in the section "Risk factors and uncertainties"
in Prysmian's most recent Annual Report (which is available on
and in General Cable's annual report on Form 10-K, Quarterly Reports on
Form 10-Q and Current Reports on Form 8-K available at
Subject to applicable law, neither Prysmian nor General Cable undertakes
to publicly update or revise any of these forward-looking statements.
This document does not constitute an offer to sell, or a solicitation of
an offer to buy Prysmian or General Cable shares.

This press release is available on the company website at
and in the mechanism for the central storage of regulated information
provided by Spafid Connect S.p.A. at

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