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Telecom Italia Rsp

M&A Activity • May 4, 2023

4448_iss_2023-05-04_375697cf-acd9-480c-839e-d0e0205e172f.pdf

M&A Activity

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Press Release

TIM: BOARD OF DIRECTORS ANALYSED NETCO OFFERS, REQUESTS FINAL PROPOSAL BY 9 JUNE

Rome, 4 May 2023

TIM's Board of Directors met today under the chairmanship of Salvatore Rossi and analysed in depth the non-binding offers received for Netco from the consortium formed by CdP Equity S.p.A. and Macquarie Infrastructure and Real Assets (Europe) Limited and by Kohlberg Kravis Roberts & Co. L.P. ("KKR") and deemed them not yet adequate.

Therefore, in light of the readiness expressed by at least one of the bidders to improve its nonbinding offer, the Board decided to explore this readiness with the perspective of obtaining a final offer by 9 June.

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