General Cable Announces Pricing of $325.0 Million of Senior Notes



    General Cable Corporation (the "Company"), (NYSE:BGC), announced
    today the pricing of its offering of $325.0 million in aggregate
    principal amount of senior notes, comprised of $200.0 million of
    senior fixed rate notes due 2017 (the "Senior Fixed Notes") and $125.0
    million of senior floating rate notes due 2015 (the "Senior Floating
    Notes" and together with the Senior Fixed Notes, the "Notes"). The
    Company intends to use a substantial portion of the net proceeds from
    the sale of the Notes to purchase any and all of its outstanding 9.5%
    Senior Notes due 2010 pursuant to its concurrent tender offer and
    consent solicitation announced on March 6, 2007.

    Interest on the Senior Floating Rate Notes is payable in cash on a
    quarterly basis and will accrue at the three month LIBOR rate plus
    237.5 basis points. Interest on the Senior Fixed Rate Notes is payable
    in cash on a semi annual basis and will accrue at a rate of 7.125% per
    annum.

    The Notes will be general unsecured obligations of the Company,
    and will be guaranteed on an unsecured senior basis by certain of the
    Company's existing and future domestic subsidiaries.

    The offering of the Notes is being made by means of a private
    placement to qualified institutional buyers pursuant to Rule 144A
    under the Securities Act of 1933, as amended (the "Securities Act").

    The Notes have not been registered under the Securities Act or
    applicable state securities laws and, unless so registered, may not be
    offered or sold in the United States absent registration or an
    applicable exemption from, or in a transaction not subject to, the
    registration requirements of the Securities Act and applicable
    securities laws.

    This press release does not constitute an offer to sell or the
    solicitation of an offer to buy, nor shall there be any sale of the
    Notes in any jurisdiction in which such offer, solicitation or sale
    would be unlawful prior to registration or qualification under the
    securities laws of any such jurisdiction.

    Certain statements in this press release, including without
    limitation, statements regarding future financial results and
    performance, plans and objectives, capital expenditures and the
    Company's or management's beliefs, expectations or opinions, are
    forward-looking statements. Actual results may differ materially from
    those statements as a result of factors, risks and uncertainties over
    which the Company has no control. Such factors include the Company's
    ability to maintain access to the capital markets to finance( on terms
    favorable to the Company) the purchases of the notes tendered in the
    offer, reliance on dividends and other transfers from subsidiaries to
    repay indebtedness, ability to serve outstanding indebtedness, the
    Company's failure to comply with covenants in existing and future
    financing arrangements, covenants contained in existing indebtedness
    that restrict the Company's business operations, downgrade in the
    Company's credit ratings, ability to repurchase outstanding notes,
    ability to pay the conversion price on convertible notes, the economic
    strength and competitive nature of the geographic markets that the
    Company serves; economic, political and other risks of maintaining
    facilities and selling products in foreign countries; changes in
    industry standards and regulatory requirements; advancing
    technologies, such as fiber optic and wireless technologies;
    volatility in the price of copper and other raw materials, as well as
    fuel and energy and the Company's ability to reflect such volatility
    in its selling prices; interruption of supplies from the Company's key
    suppliers; the failure to negotiate extensions of the Company's labor
    agreements on acceptable terms; the Company's ability to increase
    manufacturing capacity and achieve productivity improvements; the
    Company's dependence upon distributors and retailers for non-exclusive
    sales of certain of the Company's products; pricing pressures in the
    Company's end markets; the Company's ability to maintain the
    uncommitted accounts payable or accounts receivable financing
    arrangements in its European operations; the impact of any additional
    charges in connection with plant closures and the Company's inventory
    accounting practices; the impact of certain asbestos litigation,
    unexpected judgments or settlements and environmental liabilities; the
    ability to successfully identify, finance and integrate acquisitions;
    the impact of terrorist attacks or acts of war which may affect the
    markets in which the Company operates; the Company's ability to retain
    key employees; the Company's ability to service debt requirements and
    maintain adequate domestic and international credit facilities and
    credit lines; the impact on the Company's operating results of its
    pension accounting practices; the Company's ability to avoid
    limitations on utilization of net losses for income tax purposes;
    volatility in the market price of the Company's common stock all of
    which are more fully discussed in the Company's Report on Form 10-K
    filed with the Securities and Exchange Commission on March 1, 2007, as
    well as any current and periodic reports filed with the Commission.
    The Company undertakes no obligation to release publicly the result of
    any revisions to these forward-looking statements that may be made to
    reflect events or circumstances after the date hereof or to reflect
    the occurrence of unanticipated events.