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submarine and underground cables. Despite the uncertainty of the outcome of the
investigations in progress, the Directors believe that the provision recorded represents the best
estimate of the liability based on the information available.
5
The Directors of Prysmian SpA are responsible for the preparation of the Directors’ report and
of the report on corporate governance and ownership structure, published in the “investor
relations/corporate governance” section of the Prysmian SpA internet site in accordance with
the applicable laws and regulations. Our responsibility is to express an opinion on the
consistency of the Directors’ report and of the information referred to in paragraph 1, letters
c), d), f), l), m), and paragraph 2, letter b), of article 123-bis of Legislative Decree N° 58/1998,
presented in the report on corporate governance and ownership structure, with the financial
statements, as required by law. For this purpose, we have performed the procedures required
under Italian Auditing Standard 1 issued by the Italian Accounting Profession (Consiglio
Nazionale dei Dottori Commercialisti e degli Esperti Contabili) and recommended by Consob.
In our opinion, the Directors’ report and the information referred to in paragraph 1, letters c),
d), f), l), m), and paragraph 2, letter b), of article 123-bis of Legislative Decree N° 58/1998
presented in the report on corporate governance and ownership structure are consistent with
the financial statements of Prysmian SpA as of 31 December 2014.
Milan, 13 March 2015
PricewaterhouseCoopers SpA
Signed by
Stefano Bravo
(Partner)
This report is an English translation of the original audit report, which was issued in Italian. This
report has been prepared solely for the convenience of international readers.