SPSX Superior Essex (MM)

Superior Essex Inc. (NASDAQ: SPSX) today confirmed published reports out of Asia that it is in discussions with LS Cable Ltd. (KSE: 006260.KS) regarding a potential business combination. LS Cable has proposed acquiring the outstanding shares of Superior Essex common stock for $45 per share in cash. LS Cable initially approached the Superior Essex Board of Directors with a $36 per share proposal on March 24, 2008. LS Cable has advised Superior Essex that $45 per share is its final proposal. No agreement has been reached and there can be no assurances that any transaction will result from these discussions. Superior Essex does not anticipate making further announcements with respect to these discussions unless and until a definitive agreement has been reached or the discussions have been terminated. ABOUT SUPERIOR ESSEX Superior Essex�Inc., a FORTUNE 1,000 company, is one of the largest wire and cable manufacturers in the world. The Company manufactures and supplies a broad portfolio of wire and cable products for the Communications, Energy, Automotive, Industrial, and Commercial & Residential end-markets.�It is a leading manufacturer of magnet wire, fabricated insulation products, and copper and fiber optic communications wire and cable. It is also a leading distributor of magnet wire, insulation and related products. Additional information on the Company can be found on its Web site at superioressex.com.