The tax strategy of the Prysmian Group is founded on the following principles: y Compliance – conformity with the tax laws, regulations and circulars issued by the tax authorities; y Legality – satisfaction by all Group companies of their tax and tax payment obligations; y Sustainability – efficient, effective and sustainable management of the tax variable, in order to support the Prysmian business and, like all other aspects of our business operations, maximise shareholder value; y Equity – diligent exercise of professional judgement in order to ensure that all tax decisions are consistent with domestic and international best practices, following proper analysis and with appropriate documentation; y Trust and Transparency – positive and transparent approach to the tax authorities, in order to develop and maintain fair and honest relations.