Nexans

Share offering reserved for Nexans Group employees - Seite 2

MAIN TERMS AND CONDITIONS OF THE EMPLOYEE SHAREHOLDING PLAN

• Beneficiaries of the share offering reserved for the employees: the beneficiaries of the offering are (i) the employees, and the corporate officers under the conditions provided for by Article L.3332-2 of the French Labor Code, of the companies in the offering perimeter and that are able to justify a three-months seniority within the Group by the end of the withdrawal period and (ii) the early retirees and retirees of the French companies of the Group who have maintained assets within the Group Savings Plan France since leaving the Group.
   
• Companies in the offering perimeter: companies of Nexans’ Group having their registered office in France or abroad (i) in which Nexans S.A. holds directly or indirectly more than 50% of the share capital, (ii) that joined the Nexans’ Group Savings Plan France or the Nexans’ Group Savings Plan International and (iii) which are situated in one of the 25 following countries: Australia, Germany, Belgium, Brazil, Canada, Chili, China, Colombia, South Korea, Spain, United States, France, Ghana, Greece, Italy, Ivory Coast, Japan, Lebanon, Morocco, Norway, New Zealand, Peru, Sweden, Switzerland and Turkey.

• Terms and conditions of subscription: The shares will either be subscribed as registered shares, or through an FCPE, in accordance with the applicable regulation and/or applicable tax legislation in the various countries of residence of the beneficiaries of the capital share increase.
   
• Subscription formula: the employees will be able to subscribe some Nexans’ shares through a FCPE (except local particular restrictions) within the scope of the unique subscription formula including a secured leverage effect allowing employees to benefit from a guarantee, in euros, for their initial investment. In some countries, employees will receive a Stock Appreciation Right in which the amount will be indexed by applying a comparable formula to of the one offered in the leveraged plan. Employees participating in the plan will benefit from a matching contribution from Nexans as described in the documentation related to the offer.

• Lock-up period applicable to Nexans’ shares or to the corresponding FCPE units: the subscribers of the offering shall hold the shares and the corresponding FCPE units during the time period of five years, i.e. until 13 November 18, 2025, except in the case of an early release event.