Basic Net SpA

Notice of Dividend Amount • Apr 6, 2017

Shareholders Meeting April 27, 2017

POINT 1 OF THE AGENDA:

2016 Annual Report, including the Separate Financial Statements, the Consolidated Financial Statements, the Directors' Report, the Independent Auditor's Report, the Report of the Board of Statutory Auditors, and the Corporate Governance and Ownership Structure Report, are available at the link: www.basicnet.com/contenuti/datifinanziari/bilanci.asp?lan=EN

Statutory financial statements at December 31, 2016, accompanied by the Directors' report, the Independent Auditors' report and the Board of Statutory Auditors' report. presentation of consolidated financial statements. allocation of the result for the year. Resolutions thereon.

Dear Shareholders,

in the presentation for the approval of the Shareholders' Meeting for the 2016 Financial Statements and the relative Directors' Report we propose the allocation of the net profit of Euro 7,421,258.94 as follows:

-	to the Legal reserve	Euro	371,062.95
-	to each of the 55,500,805 ordinary shares in circulation (excluding the 5,492,797,000 treasury shares held at March 22, 2017), a dividend of Euro 0.06 before withholding taxes for an amount of	Euro	3,330,048.30
-	to retained earnings the residual amount, equal to	Euro	3,720,147.69

The dividend will be paid from May 24, 2017, with record date of May 23, 2017 and coupon date (No. 10) of May 22, 2017.

We also propose that, if at the dividend coupon date the number of shares with dividend rights is lower than indicated above due to any share buy-backs by the company, the relative dividend will be allocated to retained earnings, as will any rounding made on payment.

We propose therefore the following:

MOTION

the Shareholders' Meeting of BasicNet S.p.A., having reviewed the 2016 results, the Directors' Report and having noted the Board of Statutory Auditors' Report and that of the Independent Audit Firm PricewaterhouseCoopers S.p.A.,

RESOLVES

to approve the Directors' Report and the Financial Statements at December 31, 2016, in relation to each individual part and in its entirety, in addition to the proposal for the allocation of the Net Profit of Euro 7,421,258.94 and the dividend proposal.

Turin, March 22, 2017

for the Board of Directors

The Chairman

Marco Daniele Boglione