(1) The remaining 5% of Consorzio Logistica Pacchi S.c.p.A. is held by Poste Assicura S.p.A.

(2) The investment in sennder Technologies GmbH fully diluted is equal to 10.21%

(3) The investment in Milkman S.p.A. in liquidation fully diluted is equal to 6.03%

(4) The investment in Sengi Express Limited is equal to 51% of the shares with voting rights (40% of equity rights)

(5) The investment in Volante Technologies Inc fully diluted is equal to 2.02%

(6) The investment in Conio Inc fully diluted is equal to 15.26%

(7) The investment in MFM Holding Ltd is equal to 14.59% of the shares with voting rights (15.44% of equity rights)

(8) The investment in ECRA is equal to a total of 40% of the share capital (24.5% of voting rights distributed in equal parts between the shareholders)

(9) The investment in Scalapay Limited fully diluted is equal to 2.15%

(10) Sourcesense S.p.A. wholly owns Sourcesense Digital S.r.l., Sourcesense Technology S.r.l., Sourcesense Limited (UK) and Sourcesense Platforms S.r.l. and holds 33.3% in Consorzio Italia Cloud

(11) Net Insurance S.p.A. wholly owns Net Insurance Life S.p.A. and holds a 19.99% investment in IBL Assicura S.r.l.

(12) Plurima S.p.A. wholly owns Logos S.r.l.

(13) Casina Poste Società Sportiva Dilettantistica a Responsabilità Limitata is wholly owned through Poste Italiane S.p.A. 72%, PostePay S.p.A.7%, Postel S.p.A.7%, Poste Vita S.p.A. 7% SDA Express Courier S.p.A.7%

(14) Poste Italiane S.p.A. holds 27.32% of the ordinary shares and 1.76% of the savings shares of TIM S.p.A.. In connection with the exceeding of the current threshold relevant for the purposes of the regulation on mandatory tender offers, Poste Italiane availed itself of the exemption provided for in Article 106(5) of Legislative Decree no. 58/1998 and Article 49(1)(e) of Consob Regulation no. 11971/1999. Therefore - under the current regulatory framework - Poste Italiane undertook to sell to unrelated parties the ordinary shares held in excess of the aforementioned relevant threshold, within 12 months from the completion of the purchase, refraining, in the meantime, from exercising the voting rights relating to such shares.