General Cable Acquires Global Offshore Cable Supplier

    HIGHLAND HEIGHTS, KY., April 27 /CNW/ - General Cable Corporation
(NYSE:  BGC) announced today that it has agreed to acquire Norddeutsche
Seekabelwerke GmbH & Co. KG (NSW), located in Nordenham, Germany from Corning
Incorporated (NYSE:  GLW). The transaction is expected to close Monday, April
30, 2007. NSW had revenues of approximately $120 million in 2006.

    "With more than 100 years of experience, NSW has tremendous technical
expertise offering complete solutions for submarine cable systems including
the manufacturing, engineering, seabed mapping, project management, and
installation for the offshore communications, energy exploration,
transmission, distribution, and alternative energy markets," said Gregory B.
Kenny, President and Chief Executive Officer of General Cable. NSW is a
leading global supplier of offshore communications, power and control cables
as well as aerial cables for power utility communication and control networks.
NSW has been in operation since 1899 and is situated in an ideal location with
a deep-sea pier capable of loading cable laying ships directly from their
production facility on the North Sea in northern Germany. NSW has manufactured
and installed submarine projects throughout the world, including one of the
world's longest hybrid submarine communications cable systems extending 8,600
km linking 15 countries. Offshore cable demand is strengthening driven by
offshore oil and gas exploration, renewable energy, as well as traditional
power requirements to inter-coastal and island areas. Also, after many years
of maintenance level spending by global telecommunications carriers for
submarine fiber optic cable, network capacity utilization rates have begun to
increase. With global demand for voice, video, and data increasing,
telecommunications carriers are now looking to reinvest and add capacity in
the global submarine network. "This acquisition brings the critical technology
to allow us to fully address one of the fastest growing high value-added
markets for energy, control and communication cables and systems, with an
addressable market well in excess of $1 billion. We expect this acquisition to
be modestly accretive in its first full year of operations," Kenny said.

    NSW is also a market leader for a variety of specialty products including
specialized high-end winding wire for high voltage motor applications and
specialty extrusions for various filtration and waste water treatment

    "General Cable is very pleased to have the NSW team join our global
organization. NSW's highly regarded technology platform and brand name
combined with General Cable's vast array of complementary products, marketing
and logistics strengths will provide a more complete solution which will be
sold globally to these expanding markets," said Domingo Goenaga, President and
Chief Executive Officer, General Cable Europe.

    With nearly $3.7 billion of annual revenues and over 8,000 employees,
General Cable is a global leader in the development, design, manufacture,
marketing and distribution of copper, aluminum and fiber optic wire and cable
products for the energy, industrial, and communications markets. Visit our
website at

    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 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.

For further information:

For further information: General Cable Corporation Michael P. Dickerson,
859-572-8684 Vice President of Finance and Investor Relations

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