TIM: FIRST TRANCHE OF THE BUYBACK PROGRAM COMPLETED, 14 MILLION SHARES TARGET REACHED

TIM announces that, with the purchases carried out on 20 and 21 July 2026, the first tranche, amounting to 14 million shares[1], of the buyback program for up to a maximum of 70 million shares¹ and for a maximum consideration of 400 million euros, as approved by the Shareholders’ Meeting of 15 April 2026, has been completed. The first tranche was launched on 27 May 2026.

In the period between 20 and 21 July 2026, the Company purchased 3,347,826 treasury shares at a volume-weighted average price per share of €7.6980, for a total consideration of €25,771,713.95.

As part of the first tranche, a total of 14,000,000 TIM ordinary shares¹ (equal to approximately 0.66% of the share capital) were purchased at a volume-weighted average price of €7.7840 per share and for a total consideration of €108,976,286.89.

Based on the information provided by the intermediary appointed to execute the purchases, the table below summarises, in aggregate form and on a daily basis, the purchases of the Company’s ordinary shares carried out by such intermediary on the relevant markets indicated below during the period from 20 to 21 July:

Therefore, as of today, taking into account the treasury shares already held prior to the launch of the share buyback program and the allocation of shares under the long-term incentive plans currently in force, the Company holds 2,465,878 treasury shares, representing approximately 0.12% of the share capital.

Details of the daily transactions carried out on 20 and 21 July are reported in the annex to this press release.

[1] To be interpreted as post 1-for-10 reverse split stock carried out on 15 June