In connection with its 7 for 10 SET's offering of 14,645,402 new ordinary shares at an issue price of EUR 10.24 (the "Issue Price") per ordinary share, Draka
Holding N.V. ("Draka") today announces the pricing of the offering of shares that were issuable upon exercise of transferable subscription entitlements
("SET's") but that were not subscribed for during the exercise period ('the "Rump Offering").

The 733,595 new ordinary shares included in the Rump Offering (the "Rump Shares") were priced and sold via private placements in the Rump Offering at EUR
10.35 per ordinary share.

Under the terms of the SET's offering, because the aggregate proceeds of the Rump Shares offered and sold in the Rump Offering, after deducation of selling
expenses (including any value added tax) exceed the aggregate Issue Price for such Rump Shares by EUR 0,11, each holder of a SET that was not exercised during the exercise period for the SET's will be entitled to receive EUR 0.07 per unexercised SET reflected in each such holder's securities account.

The trade date for the allocations of the new ordinary shares will be today.
Closing of the offering is expected to take place on 29 July 2004.