Nexans wins in consortium with Pirelli and ABB a contract to supply energy cables to Hong Kong

Paris, November 5, 2001 - Nexans, the leader in a consortium with Pirelli Cavi e Sistemi of Italy and ABB HV Cables of Sweden, has been awarded the major part of a contract from CLP Power to supply 132 kV XLPE (Cross Linked Polyethylene) power cables to Hong Kong. CLP Holdings Limited is one of the leading investor-owned electric utility companies in Asia outside of Japan.

The contract, which runs until June 30, 2003 (with an optional extension period to June 30, 2004) will see Nexans, Pirelli and ABB supplying 132 kV cables of various cross-sections with related accessories and jointing services. This Bulk Agreement is to replace oil filled cables with environmentally friendly and reliable XLPE cables, as well as meeting the ever increasing power demand between the years 2001 to 2004.

The consortium has had to meet the very stringent quality, technical and environmental criteria set, as well as the high emphasis on the shortest delivery times.

Manufacturing has already begun, as the first lengths of cables have to arrive in Hong Kong at the end of November 2001.

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Formed from Alcatel Cables and Components, Nexans is a worldwide leader in the cable industry. Nexans product portfolio includes an extensive range of cables and systems. Nexans solutions can be found in every area of people's lives, from telecommunications and energy networks, to aeronautics aerospace, automobile, building, petrochemical and medical applications. Operating in 20 countries, Nexans employs 19,000 people and had sales in 2000 of euros 4.8 billion. More information on www.nexans.com