Corporate operations

CONVERSION OF TIM SAVINGS SHARES

PLEASE READ CAREFULLY THE FOLLOWING RESTRICTIONS AND CONDITIONS RELATING TO THIS SECTION OF THE WEBSITE

With reference to the conversion of Telecom Italia S.p.A. (“TIM” or the “Company”) savings shares into ordinary shares of TIM, which consists of: (i) the voluntary conversion of TIM savings shares (the “Savings Shares”) held by shareholders who exercise the right of conversion in accordance with the relevant terms and conditions (the “Voluntary Conversion”); and (ii) the mandatory conversion into ordinary shares of TIM of any Savings Shares not subject to the Voluntary Conversion, each carried out at the applicable conversion ratio and with the related cash adjustment payable by the Company, as resolved by the Ordinary Shareholders’ Meeting of TIM and the Special Meeting of the holders of Savings Shares held on 28 January 2026, it is specified that the documentation and information contained in this section of TIM’s website do not constitute, nor may they be interpreted as, an offer or an invitation to subscribe for or purchase securities.

It is further specified that the securities referred to herein have not been and will not be registered in the United States pursuant to the United States Securities Act of 1933, as amended (the “Securities Act”), nor in Australia, Canada, Japan, or in any other country in which such offer or solicitation is subject to authorization by local authorities or otherwise prohibited by law (the “Excluded Countries”). The securities described herein may not be offered or sold in the United States or to “U.S. Persons” (as defined under the Securities Act), unless they are registered pursuant to the Securities Act or an applicable exemption from the registration requirements under the Securities Act is available.

Copies of this documentation, in whole or in part, may not be sent, transferred, or otherwise distributed, directly or indirectly, to or within the Excluded Countries (including, by way of example, through the use of postal services or any other means or instruments of international communication or trade, such as the postal system, facsimile, telex, electronic mail, telephone and the internet, or through the use of any facilities of any financial intermediaries of the Excluded Countries, or through any regulated markets of the Excluded Countries).

Participation in the Voluntary Conversion by persons resident in countries other than Italy may be subject to specific obligations or restrictions provided for by applicable laws or regulations. Accordingly, it is the sole responsibility of TIM savings shareholders, prior to exercising the Voluntary Conversion right, to verify the existence and applicability of such rules and to comply with them, including by consulting their own advisors. Any exercise of the Voluntary Conversion resulting from solicitation activities carried out in breach of the limitations described herein will not be considered valid by TIM.

The documentation and information contained in this section of TIM’s website, as well as any other document that TIM may publish in connection with the Voluntary Conversion, are not and shall not be deemed to be addressed to holders of Savings Shares resident in the Excluded Countries.

Any person who comes into possession of the aforementioned documents must refrain from transmitting or distributing them, directly or indirectly, from and/or into the Excluded Countries. Any person wishing to access the documentation and information contained in this section of TIM’s website must carefully read and fully understand the above.

By clicking the “I accept” button, the user represents and warrants that they have fully understood and accepted to comply with all of the limitations set out above and declares that they are not a “U.S. Person” and are not physically located and/or resident in any of the Excluded Countries.

I represent and warrant that I fully understand and agree to abide by all of the above limitations and that I am not a "U.S. Person" and that I am not physically located and/or a resident of any of the Excluded Countries.

I accept
I do not accept

TIM - CONDITIONS FOR THE VOLUNTARY CAPITAL REDUCTION AND THE CONVERSION OF SAVINGS SHARES MET

TIM - Explanatory Report on the Conversion of Savings Shares

MERGER TIM – MOVENDA

Deed of merger - ITALIAN VERSION ONLY

Plan of merger - ITALIAN VERSION ONLY

Movenda annual report 2019 - ITALIAN VERSION ONLY

Movenda annual report 2020 - ITALIAN VERSION ONLY

Movenda annual report 2021 - ITALIAN VERSION ONLY

Movenda - merger Financial statement at june 2022 - ITALIAN VERSION ONLY

Notice to shareholders on the possibility of devolution of the resolution by the BoD to the extraordinary shareholders' meeting (sdir)

Notice to shareholders on the possibility of devolution of the resolution by the BoD to the extraordinary shareholders' meeting (Il Sole 24 Ore) - ITALIAN VERSION ONLY

Filing of Company documents - availability minutes of the Board of Directors of TIM S.p.A. of September 29, 2022

Minutes notarial extract of the Board of Directors September 29, 2022 (ITALIAN VERSION ONLY)

The financial statements of the last three financial years and the half-year report as at 30 June 2022 (merger balance sheet) of Tim can be consulted on the page https://www.gruppotim.it/en/investors/reports-presentations/financial-reports.html