Telecom Italia Rsp

M&A Activity • Mar 5, 2023

Press Release

TIM: RECEIVED FROM CDP EQUITY AND MACQUARIE A NON-BINDING OFFER FOR THE PURCHASE OF FIXED NETWORK INFRASTRUCTURE AND SPARKLE

Rome, 5 Marzo 2023

TIM announces that it has received a non-binding offer from a consortium formed by CdP Equity (CDPE) and Macquarie Infrastructure and Real Assets (Europe) Limited, acting on behalf of MAM Funds, for the purchase of 100% of the company to be set up, that matches with the management and infrastructure perimeter of the fixed network, including the assets and activities of FiberCop, as well as the stake in Sparkle.

The offer, which expires on 31 March 2023, will be subject to the preliminary examination of the Related Parties Committee, pursuant to the regulations applicable to CdP Equity, as a related party of TIM, and will subsequently be brought to the attention of the Board of Directors, where possible at the meeting already scheduled for 15 March 2023 or in another date to be defined.

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

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