Nexans concludes its acquisition of the power cable business of Shandong Yanggu Cables Group in China

Paris, September 3, 2012 – Nexans, a worldwide leading expert in the cable industry, announced today its acquisition of a 75% stake in the Shandong Yanggu New Rihui joint-venture, alongside its historical shareholder. This acquisition gives Nexans a strategic footprint in the rapidly growing Chinese Energy Infrastructure market. The transaction values the business (100% basis) at approximately 1,240 million RMB (approximately 156 million euros) on an Enterprise Value basis.