Nexans confirms the financial conditions applicable to the sale to Superior Essex of its 40% minority interest in Essex Nexans

Paris, July 3, 2007 – Nexans confirms that its 40% minority interest in Essex Nexans was sold to Superior Essex, as announced on June 28, for an amount of 22 million Euro. In addition, Essex Nexans redeemed an 11.3 million Euro subordinated note due to Nexans.