The Board of Management and the Supervisory Board of Draka Holding N.V. ("Draka") confirm that they have received a copy of the press release of this afternoon in which Tianjin Xinmao S&T Investment Corp. Ltd. ("Xinmao") announces its intention to make a public offer to acquire all outstanding shares in the capital of Draka for a proposed offer price of EUR 20.50 in cash per ordinary Draka share. Xinmao has approached Draka and expressed that it would like to enter into further discussions with Draka regarding such proposed offer.

The Board of Management and the Supervisory Board of Draka (the "Boards"), the latter also taking into account the applicable rules relating to the avoidance of conflicts of interest, will carefully review Xinmao's intention to propose an offer, and will assess such proposed offer consistent with the Boards' fiduciary duties and its commitment to the continuity of Draka and the interest of all its stakeholders (including its shareholders) as well as its current arrangements with Prysmian S.p.A.

Draka will keep its shareholders and all other stakeholders adequately informed of any and all significant developments, if and when appropriate by issuing additional statements.

This is an announcement in accordance with Section 5:25i paragraph 2 of the Dutch Financial Supervision Act (Wet op het financieel toezicht).