With reference to today's press release by Prysmian S.p.A. ("Prysmian") in which Prysmian announces the commencement of the public offer for all the issued and outstanding ordinary shares in Draka Holding N.V. ("Draka") at an offer price of EUR 8.60 in cash plus 0.6595 newly issued Prysmian ordinary shares (the "Offer") and the availability of the Offer Memorandum in connection therewith, the Supervisory Board and Board of Management of Draka (the "Boards") hereby announce that their Position Statement in connection with the Offer will be available as of today, as required by Article 18, paragraph 2 and Annex G of the Dutch Decree on public offers Wft (Besluit Openbare Biedingen Wft).

Copies of the Offer Memorandum and the Position Statement are available free of charge at the offices of Draka and can be obtained by contacting Draka at the address below. Digital copies of the Offer Memorandum and the Position Statement and any documents incorporated by reference therein are available on the website of Draka (www.draka.com). The Draka website does not constitute part of, and is not incorporated by reference into, the Offer Memorandum or the Position Statement.

Representatives of Flint, Draka's main shareholder, have not participated in the deliberations and decision-making of the Supervisory Board of Draka in connection with the Offer.

To date, after having given it careful and extensive consideration, the Boards fully support the Offer and unanimously recommend the Offer to its shareholders for acceptance. In determining its position, the Boards have also taken into consideration the positive advice received on 4 January 2011 from Draka's central works council, the current status of the discussions with Xinmao and the conditionality and execution risks attached to both the existing Offer by Prysmian and the potential offer by Xinmao. Draka has not received any further updates on the status of Xinmao's potential offer since Xinmao's press release, dated 20 December 2010.

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

Xinmao annuleert bod op Draka
tijd 12.35
Draka EUR 17,63 -1,71