Nexans Wins a 104 Million Euro Contract for Statnett's Oslofjord II Submarine Power Cable Project

Replacement 420 kV Power Link Across the Oslofjord Will Feature the World's Largest High-Voltage XLPE Submarine Cable Installation

PARIS, July 22, 2010 - Nexans, the worldwide leader in the cable industry, has been awarded a
104 million Euro contract by Statnett, Norway's national main grid owner and
operator, to design, manufacture and install the new Oslofjord II submarine
high-voltage power link thus replacing the existing cables installed over 30
years ago which have reached the end of their service-life. The new Nexans
cables, which transmission capacity will reach 3,000 MVA, will ensure a high
level of continuity and reliability for a power link that plays a vital role
both in Norway's transmission grid and in facilitating the transmission of
power between Norway and Sweden.

The Oslofjord II link, to be installed over a 13 km route across the
fjord, will consist of 3 x 420 kV XLPE submarine power cables and 6 x 420 kV
paper insulated submarine cables. The XLPE installation will be the largest
of its kind in the world, each cable 13 km long, beating the previous length
of 2.4 km established by Nexans in the Ormen Lange project.

Nexans will deliver a total of 117 km of 420 kV submarine cable in 9
lengths, including end terminations. The cables are to be manufactured at
Nexans' plants in Norway and Japan and will be installed at a water depth of
200 to 250 metres by Nexans' own vessel, the C/S Nexans Skagerrak, among
other vessels. The first section of the installation will be completed in
2011, with the final delivery taking place during August 2012.

"Oslofjord II is a very important project for us in the Norwegian market.
We have worked with Statnett on numerous occasions and are both proud and
pleased that they have placed their trust in us once again," says Krister
Granlie, Vice President of Nexans Norway Energy Division.

The existing Oslofjord cables, based on an oil-filled design, were
manufactured and installed by Nexans in a series of projects between 1959 and
1980.

More information about Nexans, please consult www.nexans.com

Contacts: Press Celine Revillon Tel. : +33(0)1-73-23-84-12 Celine.revillon at nexans.com, Investor Relations, Michel Gedeon Tel.: +33(0)1-73-23-85-31 Michel.gedeon at nexans.com