Details of the significant shareholdings

The following table shows the major equity holdings (over 3%) in Telecom Italia ordinary shares according to information in the Shareholders’ Register, the notifications made to Consob and the Company pursuant to Art. 120 of Legislative Decree 58 of 24 February 1998, and other information available.  

On 14 April 2021, the temporary rules on enhanced transparency regarding changes in major holdings and statements concerning investment objectives ended. As such, as of that date, the ordinary rules will once again be applicable, as per article 120 paragraph 2 of the Consolidated Law on Finance (TUF) which provides for the obligation to notify the investee company andConsob when the stake held exceeds 3% of the capital with voting rights in a listed company.

Shareholdings of Telecom Italia ordinary shares held by Telecom Italia S.p.A. itself and by Telecom Italia's subsidiaries

(1) The percentages refer to the total number of ordinary shares which constitute Telecom Italia's share capital, as results from the most recent filing made at the Companies Register, at the date of the present updating. Following the issue, on 27 November 2020 of 126,343,913 ordinary shares resulting from the public offer of subscription by payment reserved to employees in the “2020 Employee Share Ownership Plan", Telecom Italia’s share capital is now equal to 15,329,466,496 ordinary shares and was registered at the Companies Register on 28 December, 2020.