Telecom Italia Rsp

M&A Activity • Dec 14, 2023

Press Release

TIM: DEADLINE FOR SUBMITTING BINDING OFFER ON SPARKLE EXTENDED

Rome, 14 December 2023

TIM's Board of Directors met today under the chairmanship of Salvatore Rossi and received an update on the progress of the transaction for the sale of Sparkle.

The Board of Directors unanimously resolved to extend to the end of January 2024 the deadline granted to Optics Bidco, a subsidiary of Kohlberg Kravis Roberts & Co. L.P. ("KKR"), to complete due diligence activities and submit a final offer.

During the meeting, the Board also held a preliminary discussion on the possibility of the Board itself presenting a list of candidates for the new BoD. In this regard, Chairman Rossi announced that he did not intend to present his own candidature, considering that his experience of over four years at TIM should naturally come to an end with the expiry of his term of office.

The Board also resolved to amend the previously published 2024 corporate calendar to provide that the 2024-2026 industrial plan be approved at the Board meeting on 6 March, with the Capital Market Day being held the following day.

***

Below the updated 2024 calendar of corporate events.

14 February	Board of Directors meeting to approve the 2023 preliminary figures
6 March	Board of Directors meeting to approve the draft financial statements for the year, the consolidated financial statements at December 31, 2023 and the 2024-2024 industrial plan
7 March	Capital Market Day
23 April	Shareholders' Meeting to approve the Financial Statements at December 31, 2023
15 May	Board of Directors meeting to approve the financial information at March 31, 2024
31 July	Board of Directors meeting to approve the financial report at June 30, 2024
13 November	Board of Directors meeting to approve the financial report at September 30, 2024

• Tax Code / VAT no. and registration with the Milan Business Register: 00488410010 Registration in the A.E.E. Register (index of Manufacturers of Electrical and Electronic Equipment) IT08020000000799
• Share Capital €11,677,002,855.10 fully paid-up Certified e-mail address [Casella PEC]: telecomitalia@pec.telecomitalia.it

The conference calls to present the accounting data to the financial community will normally be held the day after the Board of Directors meeting for their approval. Any changes to the above dates will be communicated without delay.

TIM Press Office +39 06 36882610 https://www.gruppotim.it/media X: @GruppoTIM

TIM Investor Relations +39 06 36882500 https://www.gruppotim.it/investor\_relations