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Parent Company Financial Report |

DIRECTORS’ REPORT

2014 Annual Report

Prysmian Group

270

FINANCIAL RISK MANAGEMENT POLICIES

EVENTS AFTER THE REPORTING PERIOD

Financial risk management policies are discussed in Sections C and C.1 of the Explanatory Notes to the Parent Company

Financial Statements.

On 6 February 2015, Prysmian Cavi e Sistemi S.r.l. started

legal proceedings, requesting that the claims brought by

Pirelli & C. S.p.A. be rejected in full and that it should be Pirelli

& C. S.p.A. which holds harmless Prysmian Cavi e Sistemi

S.r.l., with reference to the alleged infringement in the period

18 February 1999 - 28 July 2005, for all claims made by the

European Commission in implementation of its decision and

for any expenses related to such implementation.

With regard to business outlook, please refer to the Directors'

Report contained in the Group Annual Report.