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Nexans wins major subsea cable contract for Terna's new HVDC power interconnection between Italy and Montenegro

  Nexans wins major subsea cable contract for Terna's new HVDC power
  interconnection between Italy and Montenegro

   Extensive expertise and capability in the delivery of high profile HVDC
 interconnection projects proves critical as Nexans secures its largest ever
                            subsea cable contract

Business Wire

PARIS -- October 30, 2012

Regulatory News:

Nexans (Paris:NEX), a worldwide expert in the cable industry, has been awarded
one of two lots of a contract for the supply and installation of a power cable
for the high-voltage direct current (HVDC) link between Italy and Montenegro.
It represents a value of approximately 300 Million Euros. The public tender
was called by Terna Rete Italia S.p.A, a company fully owned by Terna S.p.A,
the operator of Italy’s electricity transmission system. This contract
reinforces Nexans’ leading position in the global power interconnection sector
and further develops its focus on high technology submarine cable solutions.
Over the last twenty years, Nexans has supplied more than 3,000 km of HVDC
submarine cables manufactured and installed.

The new link between Italy and Montenegro will connect the Italian peninsula
with the Balkans and will contribute to improve the integration of the
European Countries’ electricity systems. The HVDC interconnection between
Italy and Montenegro will be approximately 415 km in length, comprising 393 km
of subsea cable and 22 km of underground cable for the onshore connections. It
will feature two 500 kV HVDC cables in a bipolar configuration (2 x 500 MW),
with one cable supplied by Nexans.

“Nexans is proud to have been awarded by Terna this major contract for the
link between Italy and Montenegro.” says Frédéric Michelland, Senior Corporate
Executive Vice President of Nexans. “We believe that both parties are
satisfied with the result of the negotiation and now our teams are eager to
start working on the execution of the project. The successful delivery of high
profile HVDC projects such as Skagerrak, NorNed, Cometa and Fenno-Skan II has
played an important role in our ability of being selected for this challenging
link.”

.

About Nexans

With energy at the basis of its development, Nexans, worldwide expert in the
cable industry, offers an extensive range of cables and cabling solutions. The
Group is a global player in the energy transmission and distribution, industry
and building markets. Nexans addresses a wide series of market segments: from
energy and telecom networks to energy resources (wind turbines, photovoltaic,
oil and gas or mining…) to transportation (shipbuilding, aerospace, automotive
and automation, railways...).

Nexans is a responsible industrial company that regards sustainable
development as integral to its global and operational strategy. Continuous
innovation in products, solutions and services, employee development and
commitment, customer orientation and the introduction of safe industrial
processes with limited environmental impact are among the key initiatives that
place Nexans at the core of a sustainable future.

With an industrial presence in 40 countries and commercial activities
worldwide, Nexans employs 25,000 people and had sales in 2011 of 7 billion
euros. Nexans is listed on NYSE Euronext Paris, compartment A.

For more information, please consult: www.nexans.com or www.nexans.mobi

Contact:

Press
Angéline Afanoukoe
Tel.: +33 (0)1 73 23 84 12
Angeline.afanoukoe@nexans.com
or
Investor relations
Michel Gédéon
Tel.: +33 (0)1 73 23 85 31
Michel.gedeon@nexans.com
 
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