Bank of Italy grants the authorisation required for the indirect acquisition of a qualifying holding in TIMFin S.p.A.

THIS DOCUMENT MUST NOT BE DISCLOSED, PUBLISHED OR DISTRIBUTED, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN THE UNITED STATES OF AMERICA, AUSTRALIA, CANADA, JAPAN OR ANY COUNTRY WHERE ITS DISCLOSURE, PUBLICATION OR
DISTRIBUTION WOULD CONSTITUTE A VIOLATION OF THE APPLICABLE LAWS OR REGULATIONS IN SUCH JURISDICTION 

VOLUNTARY TOTALITARIAN PUBLIC TENDER AND EXCHANGE OFFER LAUNCHED BY POSTE ITALIANE S.P.A. ON THE ORDINARY SHARES OF TELECOM ITALIA S.P.A.

* * * * * *

Poste Italiane S.p.A. (“Poste” or the “Company”) hereby announces that, with reference to the voluntary totalitarian public tender and exchange offer (the “Offer”) promoted by Poste on the shares of Telecom Italia S.p.A. (“TIM”), pursuant to Articles 102 and 106, paragraph 4, of Legislative Decree No. 58 of 24 February 1998, as subsequently amended (the “Consolidated Financial Act”), the Bank of Italy has today granted the prior authorisation required for the indirect acquisition, through TIM and in the event of the successful completion of the Offer, of a qualifying holding in TIMFin S.p.A., pursuant to Articles 19 and 22 of Legislative Decree No. 385 of 1 September 1993, as subsequently amended.

Poste has informed CONSOB of the granting of the above authorization and, therefore, pursuant to Article 102, paragraph 4, of the Consolidated Financial Act, CONSOB will approve the Offer Document within ten days from today.

For any further information regarding the Offer – pending the publication of the offer document following its approval by CONSOB – reference is made to the Offeror’s Communication published on Poste’s website, at www.posteitaliane.it, which sets forth the legal requirements, the terms, conditions and essential elements of the Offer. 

Poste Italiane further announces that, in view of the evolution of the expected timetable of the Offer and the circumstances arising from the forthcoming launch of the acceptance period for the Offer, contrary to what was previously communicated to the market on 7 May
2026, the Strategy Update scheduled for 24 July 2026 will be postponed. On that date, the Company will hold a conference call solely to present its consolidated financial results for the second quarter and the first half of 2026.

For further information:
 
Poste Italiane S.p.A. Investor Relations                    Poste Italiane S.p.A. Media Relations
Tel. +39 06 5958 4716                                              Tel. +39 06 5958 2097
Mail: investor.relations@posteitaliane.it                    Mail: ufficiostampa@posteitaliane.it

THE INFORMATION PROVIDED IN THIS DOCUMENT DOES NOT CONSTITUTE AN OFFER TO SELL ANY SECURITIES OR A SOLICITATION OF AN OFFER TO BUY ANY SECURITIES IN THE UNITED STATES OF AMERICA, OR IN ANY OTHER COUNTRY IN WHICH SUCH AN OFFER OR SOLICITATION IS NOT AUTHORIZED OR TO ANY PERSON TO WHOM IT IS NOT LAWFUL TO MAKE SUCH AN OFFER OR SOLICITATION.
Securities cannot be offered or sold in the United States of America unless they have been registered pursuant to the United States Securities Act of 1933, as subsequently amended (the “U.S. Securities Act”) or in reliance on an exemption from the registration requirements of the U.S.
Securities Act. The securities offered in the context of the transaction described in this document will not be registered pursuant to the U.S. Securities Act, or the securities laws of any state or other jurisdiction of the United States of America.