Telecom Italia Rsp

M&A Activity • Oct 28, 2023

Press Release

TIM: LETTER RECEIVED FROM MERLYN ADVISOR AND RN CAPITAL PARTNER. THE ACTIVITIES RELATED TO THE OFFERS RECEIVED FROM KKR CONTINUE

Rome, 28 October 2023

TIM, upon Consob request, confirms that last Friday it received a communication from Merlyn Advisor LTD and RN Capital Partner, which was also widely circulated at the same time as it was sent to the company.

TIM, once the share ownership of the proposing fund has been verified, will submit the document to the Board of Directors, which will meet on 3rd November.

It is hereby reiterated that the NetCo project under review is in line with the plan unanimously approved by the Board of Directors and presented at the Capital Market Day in July last year.

In this framework, the preparatory activities for the decisions on the offers received from Kohlberg Kravis Roberts & Co. L.P. ('KKR') continue and the Board of Directors will discuss them during the meetings scheduled for 3rd and 5th November.

TIM Press Office

+39 06 36882610 https://www.gruppotim.it/media Twitter: @GruppoTIM

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