Telecom Italia Rsp

M&A Activity • Apr 18, 2023

Press Release

TIM: TWO OFFERS RECEIVED AS PART OF THE COMPETITIVE BIDDING PROCESS FOR THE PURCHASE OF NETCO

Rome, 18 April 2023

TIM announces that, as part of the competitive bidding process relating to Netco, two new non-binding offers have been received today, respectively submitted by the consortium formed by CdP Equity S.p.A. and Macquarie Infrastructure and Real Assets (Europe) Limited, acting on behalf of a group of investment funds managed or advised by the Macquarie Group, and by Kohlberg Kravis Roberts & Co. L.P. ('KKR').

The two non-binding offers will be examined by TIM's Board of Directors at the meeting scheduled for 4 May next, after preliminary investigation by the Related Parties Committee.

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