Maturity profile and liquidity margin

09/27/2024 - 10:00 AM

Maturity profile

Telecom Italia Group - Medium/long term debt maturity profile as of Jun 30, 2024 (nominal values excluding IFRS16)

(1)The liquidity margin : a) includes € 733 mln repurchase agreements (nominal amount) due in the following 2 months; b) doesn't consider €99 mln security pledge against a bank guarantee and € 105 mln Fibercop liquidity.

(2)Loans don't consider €1.500 mln related to Fibercop due in 2026.

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Revolving Credit Facility

The following table shows committed^(*) credit lines available at June 30, 2024:

(billion euros)	6/30/2024		12/31/2023
	Agreed	Drawn down	Agreed	Drawn down
Sustainability-linked RCF - May 2026	4.0	-	4.0	-
Total	4.0	-	4.0	-

(*) In accordance with the contract signed, the Banks have committed to make the funds available on demand (with at least 3 days’ notice). As this is a “Committed” line, the banks have no mechanisms in place not to honor the request for funds made by the Company, without prejudice to the market standard early mandatory cancellation clauses (Natural contract expiry, Change in control, Borrower illegality, Events of default, each as defined in the contract).

On April 4, 2024, TIM signed a bridge loan for 1.5 billion euros, increased on May 15, 2024 of further 300 million euros, and maturity until 18 months. The facility agreement, intended to cover the refunding requirements until the closing data of NetCo transfer, with conditions in line with the market benchmarks, has been totally repaid on July 4, 2024.