PRESS RELEASE

PRYSMIAN gROUPE: TAX RISK MANAGEMENT AND CONTROL SYSTEM PROMOTED BY THE ITALIAN

REVENT AGENCY

THE gROUPES SEVEN ITALIAN COMPANIES ADMITTED TO COOPERATIVE COMPLIANCE DIET

Financial Director PF FACCHINI DECLARED: “BBEING COVERAGE IN TAX MATTERS ENSURES

EVEN GREATER DURABILITY AND STABILITY gROUPERESULTS, CONTRIBUTE JUST AND

PROPERLY FOR THE DEVELOPMENT OF THE COMMUNITY IN WHICH WE OPERATE. “

Milan, January 3, 2022. Prysmian Group, world leader in the energy and telecom cable systems industry, was admitted to so calledCooperative compliance regime with Italian tax authorities. The Group’s seven Italian companies have successfully completed the in-depth phase of verifying the adequacy of the tax audit framework to detect, measure, manage and control tax risk.

Admission to the regime – which applies from the fiscal period 2020 – allows to establish a relationship based on trust and transparency with the Italian tax authorities, aimed at a prior analysis of the most tax-risky issues with an ever increasing level of coverage of the most important tax issues.

“This is without a doubt an important step, the crowning of the very substantial work accomplished by the team over the past two years,” said Pier Francesco Facchini, Group Chief Financial Officer. “Better coverage of tax matters, in a transparent relationship of mutual trust with the Italian tax authorities, ensures even greater sustainability and stability of the Group’s results, contributing in a fair and correct manner to the development of the community in which we operate “.

Prysmian’s entry into the cooperative compliance regime is in line with international best practices. For the Group, tax risk management is a crucial aspect of ethical and responsible business management, in line with the Group’s sustainable development strategy based on transparency and the awareness that taxation is an important source of contribution to the economy. economic and social development of the countries in which the Group operates.

The development of an effective tax risk management model, the adoption of a Group Tax Strategy and admission to the Cooperative Compliance system will therefore make it possible to eliminate tax risk, understood as the risk of operating in contradiction with the principles of tax law, within the framework of this relationship with the Revenue Agency.

In accordance with the law, by order of admission notified by the Italian tax authorities, Prysmian Spa and the six other Italian companies of the group have been added to the list of companies acting in full transparency vis-à-vis the Italian tax authorities published on the Agency’s institutional site.

Prysmian group

Prysmian Group is the world leader in the power and telecommunications cable systems industry. With nearly 140 years of experience, a turnover of more than 10 billion euros, around 30,000 employees in more than 50 countries and 104 factories, the Group is strongly positioned in high-tech markets and offers widest possible range of products, services, technologies and know-how. How? ‘Or’ What. It operates in the fields of underground and submarine cables and systems for power transmission and distribution, special cables for applications in many different industries and medium and low voltage cables for the construction sectors. and infrastructure. For the telecommunications industry, the Group manufactures cables and accessories for voice, video and data transmission, offering a full range of optical fibers, optical and copper cables and connectivity systems. Prysmian is a public company, listed on the Italian Stock Exchange in the FTSE MIB index.

Media relations

Investor Relations

Lorenzo Caruso

Maria Cristina Bifulco

VP Communications and Public Affairs

Chief Sustainability Officer and Group Investor Relations Director

Phone. 0039 02 6449.1

Phone. 0039 02 6449.1

[email protected]

[email protected]


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