Regarding the news items that have appeared in the press reporting that, after the supplementation of the agenda for the Shareholders' Meeting of 24 April 2018 ordered by the Board of Statutory Auditors of the Company, the ordinary TIM Shareholders' Meeting called for 4 May 2018 will no longer take place, or has in any event been superseded, the company wishes to make clear, in order to re-establish correct and clear disclosure to the market and to protect the participation rights of all TIM's shareholders, that:
(i) the Agenda for the Shareholders' Meeting on 24 April 2018 has been supplemented, pursuant to art. 126-bis of Legislative Decree 58/1998, through a resolution of the Board of Statutory Auditors (as stated in the notice published on the TIM website on 3 April 2018). The Board of Directors of the Company has been called to meet on 9 April next to review this supplementation, in light of the reasoning made available by the Board of Statutory Auditors, and to take any advisable initiative in response;
(ii) the initiative taken by the Board of Statutory Auditors does not regard the calling of the ordinary shareholders' meeting for 4 May 2018. This meeting was properly called following the resignation of the majority of the directors, to renew the whole board and this will take place through slate voting as prescribed in art. 9 of the Company Bylaws.
The company therefore reminds those shareholders affected that 9 April 2018 is the deadline for submission of slates of candidates for the appointment of the Board of Directors, according to the provisions of the law and the TIM company Bylaws.
Rome, 4 April 2018
