Nexans' Board of Directors approves a capital increase reserved to employees

Paris, November 16, 2001 - Nexans' Board of Directors, who met today under the chairmanship of Gérard Hauser, approved a capital increase reserved to employees.

Such a capital increase was authorized by Nexans? shareholders meeting of April 2, 2001, as described in the company?s prospectus established for the Initial Public Offering of the company. It would result in the issuance of a maximum of 400 000 new shares, representing 1,6% of Nexans? capital.

The details of this program, to be implemented during the first half of 2002, will be communicated at a later date.

This program will be presented to competent employee bodies before its implementation