Not for distribution in or into or to any person located or resident in the united states, its territories and possessions, any state of the united states or the district of Columbia (including Puerto Rico, the U.S. Virgin Islands, Guam, American Samoa, wake island and the Northern Mariana Islands) or in or into or to any person located or resident in any other jurisdiction where it is unlawful to distribute this document.
Telecom Italia S.p.A. (the Company) hereby announces that it is inviting eligible Noteholders of its €650,000,000 6.75 per cent. Notes due 2013 (the March 2013 Notes), €500,000,000 Floating Rate Notes due 2013 (the July 2013 Notes), €500,000,000 7.875 per cent. Notes due 2014 (the January 2014 Notes) and €750,000,000 4.75 per cent. Notes due 2014 (the May 2014 Notes and together with the March 2013 Notes and the January 2014 Notes, the Fixed Rate Notes and together with the July 2013 Notes, the Notes and each a Series) to tender their Notes for purchase by the Company for cash in the order of priority outlined in the table below (the Offers).
The Offers are made on the terms and subject to the conditions set out in the tender offer memorandum dated 6 July 2012 (the Tender Offer Memorandum) prepared in connection with the Offers, and is subject to the offer and distribution restrictions set out below. Capitalised terms used in this announcement and not otherwise defined have the meanings ascribed to them in the Tender Offer Memorandum.