Cables

During the year 2008, Madeco sold its cable units to Nexans. The agreement included shares for about 9% of property of Nexans.

As of March the 28 th of 2011, Madeco entered into an agreement with Nexans to strengthen Madecos position as the principal shareholder of the Group, increasing its ownership up to 20%. The agreement also consider the cancellation of the statutory 8% voting limitation applicable to any shareholder at shareholders meetings, replaced by the introduction of a 20% statutory limitation of voting rights, applicable only to certain resolutions concerning strategic. Since of November of 2011, Madeco has 19.9% of Nexans´s shares, becoming in the main shareholder. Currently Madeco has three members in the board of Director, being one of them, member of the Appointments and Compensation Committee.

Nexans has a leading position in the cable industry, being an important players in all of the segments where Nexans participate; Infrastructure, Industry and construction.

As a worldwide leader of the industry and with an important investments in Researcher and development, Nexans offers and extensive range of cable and cabling system to increase industrial productivity, improve business performance, improve safety, enhance the quality of life and ensure the reliability of the long term network.

With an industrial presence in 40 countries and commercial activities worldwide, Nexans employs 23.700 people and has income in 2010 for 6 billion Euros. Nexans is listed on the NYSE Euronext Paris.

Web Site: http://www.nexans.com