Company Profile The Telecom Italia Group operates in all the sectors of the advanced communications chain, with highly developed business in fixed-mobile communications and the Internet with the brands Telecom Italia and TIM; in the office & system solutions (Olivetti); in research and development (Telecom Italia Lab). It is present mainly in Europe, the Mediterranean Basin and South America. At September 30, 2014, the Telecom Italia Group is one of the largest fixed telecommunications operators, with about 12.7 mln retail physical accesses in Italy and a broadband portfolio equal to 8.7 mln accesses (6.9 mln retail and 1.8 mln wholesale). The Group has also about 30.4 million mobile telephone lines. Abroad, TIM Brasil is the second largest operator by number of mobile lines (over 74.8 mln), providing mobile telephone and convergent services. COMPANY Auditing company * ISIN TELECOM ITALIA PricewaterhouseCoopers S.p.A. BLOOMBERG via G. Negri 1 20123 Milano IT0003497168 TIT IM REUTERS Industry TELECOMMUNICATIONS Investor relations * Tel.: + 39 02 85951 Fax: +39 02 81004 www.telecomitalia.com TLIT.MI Alex Bolis E-mail:alex.bolis@telecomitalia.it Tel.:+39 02 8595 4131 - Fax:+39 02 8595 4132 Super sector TELECOMMUNICATIONS Market Segment MTA Long term rating * S&P: BB+ Fitch: BBB- Moody's: Ba1 BOARD MEMBERS C.C.I.(1) C.R.(2) C.N.(3) Executive Non executive Independent CORPORATE GOVERNANCE * (CG) Giuseppe Recchi KEY FIGURES * BOARD MEMBERS OWNERSHIP Marco Patuano Chairman 70,000 shares on 4/18/14 Marco Patuano Chief Executive Officer TOP MANAGEMENT Tarak Ben Ammar Board member Lucia Calvosa Board member Giuseppe Recchi Jean Paul Fitoussi Chairman Board member Marco Patuano Davide Benello CEO Board member Piergiorgio Peluso Francesca Cornelli CFO Lead Indipendent Director €m 9 Months Total Sales Ebitda Ebitda margin Ebit Ebit Margin Ebt Ebt margin Net Result E-Margin 30/09/14 15,972.00 6,588.00 41.25% 3,393.00 21.24% 1,666.00 10.43% 1,415.00 8.86% Net Financial Debt / (Cash) Net Equity Capital Employed 30/09/14 26,572.00 21,208.00 47,780.00 Var % '14 vs '13 -9.06% -7.73% 30/09/13 17,564.00 7,140.00 40.65% 1,483.00 8.44% -30.00 -0.17% -611.00 -3.48% 9 Months Denise Patricia Byrne Kingsmill Board member Flavio Cattaneo Board member Giorgina Gallo Board member 30/09/13 26,807.00 20,186.00 46,993.00 128.79% Annual Results 31/12/13 31/12/12 23,407.00 25,759.00 9,540.00 10,525.00 40.76% 40.86% 2,718.00 1,709.00 11.61% 6.64% 532.00 -293.00 2.27% -1.14% -238.00 -1,277.00 -1.02% -4.96% Var % '14 vs '13 -0.88% 5.06% 1.68% Annual Results 31/12/13 31/12/12 26,807.00 28,274.00 20,186.00 23,012.00 46,993.00 51,286.00 Source: company data. The year-end closing is at December, 31. Values are expressed in Million Euro.The NFD is adjusted. You are reminded that, with effect from the consolidated financial statements at December 31, 2013, the Sofora Telecom Argentina group has been classified as a discontinued operation and figures for the periods under comparison have been restated accordingly. Laura Cioli Board member Giorgio Valerio Board member Luca Marzotto SHARE ANALYSIS Board member (1): Internal Control Committee (2): Compensation Committee (3): Nomination Committee Number of shares outstanding Ordinary Shares Not Conv Nominal value (€) (CG) Corporate Governance: Traditional Model SHAREHOLDERS * NORGES BANK: 2.01% PEOPLE'S BANK OF CHINA: 2.07% Last Divid. (€) 0.020 0.028 Ordinary Shares Not Conv FINDIM GROUP SA: 4.97% Quantity 19,497,076,112 13,470,955,451 6,026,120,661 Capitalis. (€ m) 18,554.67 13,620.48 4,934.19 --.-Detach Date 22/04/2013 22/04/2014 TELCO SPA: 22.30% OTHERS <2%: 68.66% Source: Company Update: 14/11/2014 Last price Ord NotConv Performance Ord NotConv INDEX FTSEMIB 28/01/2015 1.01 0.82 -2Y 40.51% 30.74% -2Y 14.42% Relative perf. 26.09% Price range (-2y) Ord NotConv -1Y 24.66% 31.56% -1Y 5.30% 19.36% MAX 1.02 0.82 -3M 19.81% 22.43% -3M 5.14% 14.67% MIN 0.47 0.38 -1M 13.42% 16.92% -1M 5.82% 7.60% TURNOVER AND VOLATILITY - STATISTICS FROM 02/01/2015 TO28/01/2015 Turn over Total(€) Daily average(€) 2,071,462,008 109,024,316 Number of shares traded Total Daily average 2,225,147,641 117,113,034 Number of trades Total Daily average 176,953 9,313 A Volatility 28.17% A Turnover velocity 220.82% Source: Borsa Italiana. Data refer to the ordinary shares. OTHER LISTED INTRUMENTS ON BIT MARKET IDEM STOCK FUTURES SECURITISED DERIVATIVES * The above information has been provided and updated by the issuing company WARRANTS STOCK OPTIONS LISTED BONDS