Disbursement of incentives linked to the LTI Grow Plan 2023-2025 and start of the sell-to-cover

In line with the attainment of the performance conditions set out in the three-year LTI Grow incentice plan for the peirod 2023-2026 (“Grow Plan”) for Prysmian’s management, the relevant incentives are being disbursed, consisting of newly issued ordinary shares of Prysmian S.p.A. obtained from a capital increase. This disbursement will take place within the time frame and in the means set out in the regulations of the Grow Plan, which includes the sale of part of the shares granted to the participants according to a sell-to-cover mechanism – and, therefore, through market transactions carried out independently by the plan managers – for the sole purpose of fulfilling part of the tax charges tied to this transaction.

The Grow Plan was approved on April 19, 2023 by the Shareholders’ Meeting and includes CEO Massimo Battaini, Vice-Chairman Valerio Battista, board member and CFO Pier Francesco Facchini and the other five managers with strategic responsibilities among the participants. The transactions carried out by these individuals shall be communicated to the market pursuant to and within the terms set out in Article 19, paragraph 3, of Regulation (EU) 596/2014.