DRAKA HOLDING : receives unsolicited indicative non binding proposal

The Board of Management and the Supervisory Board of Draka Holding N.V. ("Draka") announce that subsequent to the press release of Nexans last Monday Draka has now received an unsolicited indicative non binding proposal from Nexans.

The indicative offer price and conditions reflected in the press release of Nexans of last Monday remain applicable. As also reported in the press release, Nexans confirms that Flint Beheer B.V. supports the proposal of Nexans subject to certain conditions.

The Board of Management and Supervisory Board will carefully consider the indicative non binding proposal and its viability consistent with its fiduciary duties and its commitment to the continuity of Draka and the interest of all its stakeholders (including the shareholders). Draka has engaged J.P. Morgan as financial advisor and Allen & Overy as legal counsel.

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

This is an announcement in accordance with Section 5:25i paragraph 2 of the Dutch Financial Supervision Act (Wet op het financieel toezicht).

Pdf version of the press release :
http://hugin.info/130732/R/1453513/394009.pdf

NOTE FOR EDITORS: for more information, please contact:

Draka Holding N.V.:

Michael Bosman - Director Investor Relations     [phone]; [e-mail]:
mailto:[e-mail]

2010 Financial calendar (provisional)
Publication of trading update for the second half of 2010	Thursday, 11 November 2010 (before start of trading)

 

Company profile

Draka Holding N.V. (`Draka`) is the holding company of a number of operating companies that are active worldwide in the development, production and sale of cable and cable systems. Draka`s activities are divided into three groups: Energy & Infrastructure, Industry & Specialty and Communications.

Within these three groups, the activities are organised into divisions. Energy & Infrastructure consists of the Europe and Asia-Pacific divisions; Industry & Specialty consists of the Automotive & Aviation, Elevator Products, Cableteq USA, Industrial and Offshore divisions and the Communications Group comprises the Telecom Solutions, Multimedia and Specials, Americas and Optical Fiber divisions.

Draka has 68 operating companies in 31 countries throughout Europe, North and South America, Asia and Australia. Worldwide, the Draka companies employ some 9,400 people. Draka Holding N.V.`s head office is in Amsterdam. In 2009, Draka reported revenue of ? 2.0 billion and net income of ? 48.3 million (excluding non-recurring items).

Draka Holding N.V. ordinary shares and subordinated convertible bonds are listed on NYSE Euronext

Amsterdam. The company is included in the Next150 index and the AMX index (Amsterdam Midkap index). Options on Draka shares are also traded on the NYSE Euronext Amsterdam Derivative Markets.

More information on Draka Holding N.V. can be found at www.draka.com:
http://www.draka.com/.



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Source: Draka Holding NV via Thomson Reuters ONE

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