Telecom Italia Rsp

M&A Activity • Mar 2, 2022

Press Release

TIM: ARDIAN SUBMITTED A BINDING OFFER FOR THE STAKE HELD INDIRECTLY IN INWIT

Rome, 2 March 2022

TIM annunced that a consortium of institutional investors ("Consortium") led by Ardian, a leading global private investment company, has submitted a binding offer to purchase the majority of the share capital of the holding company Daphne 3 (the "Holding Company"), which holds 30.2% of the share capital of Infrastrutture Wireless Italiane SpA ("INWIT").

The proposed transaction is structured as to not trigger any tender offer obligations and is subject to a number of conditions precedent.

The Board of Directors of TIM, positively assessing the offer, mandated Pietro Labriola, Chief Executive Officer and General Manager, to negotiate to reach an agreement.

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

TIM Investor Relations +39 02 85954833 https://www.gruppotim.it/investor\_relations