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Poste Italiane concludes the acceptance period for the voluntary public exchange offer (OPAS) on TIM, reaching 66.627% of the share capital

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A total of 993,608,722 TIM shares were tendered to the Offer, representing approximately 46.523% of the Issuer's share capital.

Based on the provisional results communicated by the Intermediaries Appointed to Coordinate the Collection of Acceptances, as of today’s date, No. 993,608,722 TIM shares have been tendered in acceptance of the Offer, representing approximately 46.523% of the Issuer’s share capital and 58.230% of the Shares Subject to the Offer (i.e., No. 1,706,361,829).

The Offeror has not purchased TIM shares outside the Offer in the period between the Offer Document Date and the present date.

Taking into account the No. 993,608,722 TIM shares which have been tendered in acceptance of the Offer during the Acceptance Period according to the provisional results indicated above (equal to approximately 46.523% of TIM’s share capital), and the No. 429,363,990 TIM shares already held by the Offeror (equal to approximately 20.104% of the TIM’s share capital) and constituting the Poste Shareholding, where the provisional results of the Offer will be confirmed, the Offeror will hold a total of No. 1,422,972,712 TIM shares, equal to approximately 66.627% of TIM’s share capital.

It is recalled that, by means of the Press Release of 7 September 2026, the Offeror announced the waiver of the Threshold Condition.

With regard to the Conditions of Effectiveness of the Offer not yet fulfilled as of today’s date, pursuant to Article 36 of the Issuers’ Regulation, the Offeror will announce – as indicated in the Offer Document – the fulfilment, the non-fulfilment or, in the event that one or more of such Conditions of Effectiveness have not been fulfilled, any waiver thereof, in the Communication on the Final Results of the Offer, which will be disseminated by 7:29 a.m. (Italian time) on 17 September 2026, pursuant to Article 41, paragraph 6, of the Issuers’ Regulation.

Reopening of the Acceptance Period

As announced in the Press Release of 7 September 2026, the Acceptance Period will be reopened for five Trading Days, namely, for the trading sessions of 21, 22, 23, 24 and 25 September 2026.

As a result, shareholders of the Issuer who did not accept the Offer during the Acceptance Period may do so during the Reopening of the Acceptance Period.

The Offeror will pay the same Increased Unit Consideration to each TIM shareholder accepting the Offer during the Reopening of the Acceptance Period on the relevant Payment Date of the Reopening of the Acceptance Period, i.e., on 2 October 2026.