Annual Shareholders' Meeting of June 3, 2004

Paris, June 3, 2004 - The Annual Shareholders' Meeting of Nexans, held June 3 and presided by Gérard Hauser, Chairman and CEO, approved the payment of a dividend of 0.20 euro per share. The dividend payment date is scheduled for June 7.

Commenting on the outlook for the Group in 2004, Gérard Hauser said: "We confirm the outlook announced in February for 2004. We expect our first semester sales, on a comparable consolidation scope and at constant exchange rate, to increase by 4 to 5% and the operating margin to be close to 2.6% compared to 1.9%, calculated using comparable accounting methods for first semester 2003. As announced in connection with our first quarter sales, the debt could increase by 70 to 100 million euros relative to June 30, 2003, as result of the substantial increase in copper prices. The generation of cash for the full year will depend on whether or not copper returns to price levels of the last quarter 2003."

All the proposed resolutions submitted for vote at the meeting were approved.

The Shareholders' Meeting also ratified the cooptation of Mr Jean-Marie Chevalier to the Board, and elected Mrs Colette Lewiner and Mr Yves Lyon-Caen as Directors.

These Directors are independent from the company.

Resumes of the new board members

Jean-Marie Chevalier
Before being appointed as Professor at Université Dauphine (1990), where he manages the Centre de Géopolitique de l'Energie et des Matières Premières (Center for Geopolitics of Energy and Raw Materials), Jean-Marie Chevalier, born in Paris on June 4, 1941, taught economics at the universities of Algiers, Rabat, Grenoble and Paris XIII. Throughout his academic career, he has also undertaken consultancy work for corporations, banks, international organizations and governments. He was a board member of BNP from 1983 to 1992, and a member of Time Magazine's European Board of Economists (1980-1989). He is currently a member of Cercle des Economistes and Director of Cambridge Energy Research Associates (CERA, American energy strategy consultancy, Paris office). Jean-Marie Chevalier is a graduate of the Institut d'Etudes Politiques de Paris, PhD in Economics, and agrégé of the Faculty of Economics.

Colette Lewiner
Colette Lewiner studied at the Ecole Normale Supérieure, where she took the Agrégation in physics and attained a Doctorate in physics. She began her career at the Université de Paris where she is a Lecturer and then joined Electricité de France in 1979, working in the Research Department. She then became Head of the "Délégation aux Combustibles" Department, in charge of the purchasing of fuel, gas, coal and nuclear fuel. In 1989, she created the Commercial and Development Strategy Department. In 1992, she was appointed Chairman and CEO of SGN-Réseau Eurisys. In 1998, she joined Cap Gemini where she set up and managed the global Utilities (GMU Utilities) department (electricity, gas, water, environment services). Since May 2000, she has been Managing Director of GSA (Global Sector and Accounts Unit) "Energy, Utilities and Chemicals" and is in charge of Global Marketing at Cap Gemini.

Yves Lyon-Caen
Yves Lyon-Caen, a graduate of the Institut d'Etudes Politiques de Paris and of the Ecole Nationale d'Administration, began his career as a civil servant with the French Ministry of Economy and Finance. In 1982, he was appointed Agricultural Advisor to the Prime Minister, having previously served as the Administrative and Financial Director of INSERM, and Director at the Caisse Nationale of Crédit Agricole. He was appointed Deputy Director to the Prime Minister's Office in 1988 and became Chairman and CEO of Crédit National in 1990. From 1994 to 2000, he was Chairman and CEO of Air Liquide Santé. Yves Lyon-Caen is currently a board member and CEO of BERI 21 (holding company of Bénéteau SA) and Chairman of the Supervisory Board of Sucres et Denrées.

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