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CONSOLIDATED FINANCIAL REPORT | EXPLANATORY NOTES

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The following table reports key financial figures for the major investments in associates:

(*)

A majority stake in Oman Cables Industry (SAOG) was acquired in December 2015 and so this company has now been consolidated

line-by-line.

In the case of Yangtze Optical Fibre and Cable Joint Stock Limited Company, a company listed on the Hong

Kong Stock Exchange, the above figures reflect its latest published financial results for the first nine months

of 2015.

Investments in joint ventures

Information about the nature of the main investments in joint ventures:

Power Cables Malaysia Sdn Bhd is a joint venture based in Malaysia between the Prysmian Group and

Lembaga Tabung Angkatan Tentera

(LTAT), a Malaysian government retirement benefits fund. The

company manufactures and sells power cables and conductors and is mainly specialised in high voltage

products.