PRYSMIAN RECEIVES BINDING OFFER FROM CARLISLE COMPANIES INCORPORATED FOR THE ACQUISITION OF THE BUSINESS OF DRAKA FILECA SAS

Milan, October 22, 2019 – Prysmian Group (BIT: PRY) announces that it has received a binding offer from Carlisle Companies Incorporated (NYSE: CSL) for the acquisition by Carlisle (directly or through a subsidiary) of the business of Draka Fileca SAS (Fileca) in a transaction valued at €73 million.

The transaction is subject to the consultation with Fileca’s French employee representative bodies and regulatory approvals.

Fileca was acquired by Prysmian in 2011 as part of the Draka acquisition and is a global supplier of highly-engineered cables for the aerospace and space end markets. The business is headquartered in Sainte-Geneviève, France, and generated revenues of €44 million and an Adjusted EBITDA of approximately €5 million in 2018.

The completion of the transaction is expected to occur during the first quarter of 2020.

Prysmian Group

Prysmian Group is world leader in the energy and telecom cable systems industry. With almost 140 years of experience, sales exceeding €11 billion, about 29,000 employees in over 50 countries and 112 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.