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It has no evidence that the Company Directors have been added to the register of persons under inquiry by the Court of Turin

06/13/2001 - 12:00 PM

Telecom Italia wishes to state that it has no evidence whatsoever that the Company Directors have been added to the register of persons under inquiry by the Court of Turin as part of inquiries concerning company operations that have recently been the focus of media reports.

As far as these operations are concerned, Telecom Italia stresses that the company has always acted in full respect of the law, in the interest of all shareholders, transparently and in accordance with the rules of corporate governance.

With regard to the operations themselves, at the request of Consob the Directors and Board of Auditors provided the Shareholders´ Meeting, held in Turin yesterday with comprehensive and detailed documentation, containing all the information required to fully and completely understand every issue covered by the request in question.

Telecom Italia is ready and willing to provide any further clarification as and when requested, in order to protect the good name and image of the company and of its Directors.