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Pirelli-Draka: agreement in UK LV cables mkt

Long term agreement between PIRELLI AND draka for the UK
LOW VOLTAGE CABLES market

Milan-Eastleigh, 8 March 2004 - Pirelli Cables Ltd and
Draka Holding NV have signed a Long Term Agreement effective 4
March 2004 pursuant to which Pirelli will supply to Draka UK Ltd
certain low voltage cables for the UK market.

Thanks to the agreement, Pirelli will optimize production capacity
at its site in Aberdare, South Wales, capitalizing on scale
economies in a high competitive business segment .

Pirelli Cables Ltd is headquartered in Eastleigh and is part of the
Italian Group headed by Pirelli & C. SpA. The Pirelli Group
manufactures energy cables and systems, telecommunications cables
and systems and tyres worldwide.