Nexans

Share offering reserved for Nexans Group employees

Paris, France, August 24, 2020 - Nexans 2020 will implement a new employee shareholding plan before the end of the year.

This transaction will result in a share capital increase of Nexans company of a maximum five hundred thousand (500,000) shares. The issuance of new shares is scheduled for 13 November 2020.

The main terms and conditions of this employee shareholding plan are described hereinafter.

PURPOSE OF THE TRANSACTION

This shareholding plan, which is in line with the policy of developing the employee shareholding within the Group will cover twenty five (25) countries. Nexans wishes to associate closely its employees in France and abroad with the Group’s development.

This transaction, called “NEXANS Act 2020”, will consist in a unique offer including a leverage effect and an investment guarantee which could be adjusted according to the country in the form of a similar offer complying with the main offer’s objectives, while taking into account local tax and legal requirements.

FRAMEWORK OF THE TRANSACTION – OFFERED SECURITIES

The Nexans’ shareholders, at the 15 May 2019 General Shareholders Meeting, authorized the Board of Directors to increase the share capital of the Company in one or more occasions to a maximal nominal amount of (i) four hundred thousand euros through the issuance of new shares reserved for employees of the Company and the French and foreign companies linked pursuant to Articles L.225-180 of the Commercial Code and L.3344-1 of the French Labor Code, and who are members of the Group Savings Plan and (ii) one hundred thousand euros through the issuance of new shares reserved for the bank structuring, at the Company’s request, an alternative employee shareholding plan in some countries.

In accordance with this delegation, the Board of Directors decided on 26 November 2019 of the principle of an issuance of ordinary shares to the employees members of the Group’s Savings Plan.

The CEO, acting on delegation of the Board of Directors, will decide the final terms and conditions of the transaction by a decision expected to occur on 16 October 2020; at this date, notably, he will set the subscription price of the newly-issued shares, which will be equal to the Reference Price (average of the opening price of the Nexans’ share on the regulated market of Euronext Paris during twenty (20) days preceding this date) less a 20% or 30% discount depending on the country.