Shareholdings

Name and surname		Investee Company	Category of shares	Number of shares owned at the end of the previous financial year (or on the date of appointment)	Number of shares bought during the financial year	Number of shares sold during the financial year	Number of shares owned at the end of the financial year (or on the date of termination of office if earlier)
Board of Directors
Salvatore Rossi	Chairman
Luigi Gubitosi	CEO	TIM S.p.A.	Ordinary	1,000,000			1,000,000
Alfredo Altavilla	Director
Paola Bonomo	Director
Franck Cadoret	Director	TIM S.p.A.	Ordinary		10,000		10,000
Giuseppina Capaldo	Director
Maria Elena Cappello	Director
Massimo Ferrari	Director	TIM S.p.A. TIM S.p.A.	Ordinary Savings	90,000 46,000	50,000		90,000 46,000
Paola Giannotti	Director
Marella Moretti	Director
Lucia Morselli	Director
Arnaud Roy de Puyfontaine	Director
Dante Roscini	Director
Rocco Sabelli	Director
Michele Valensise	Director	TIM S.p.A.	Ordinary	30,000			30,000
Fulvio Conti	Chairman	TIM S.p.A.	Ordinary	12,503	225,000		*237,503 ()**
Amos Genish	Director
Board of Statutory Auditors
Roberto Capone	Chairman
Giualia De Martino	Standing Auditor
Anna Doro	Standing Auditor
Marco Fazzini	Standing Auditor
Francesco Schiavone Panni	Standing Auditor
Key Managers with Strategic Responsibilities
18		TIM S.p.A. Tim Participacoes	Ordinary Ordinary (**)	385,176 9,800	284,000	340,000	329,176 9,800

(*)

Of which 12,500 shares are held by the spouse who is not legally separated .
(**)

Shares listed on the NYSE and BOVESPA markets.