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Tim: The advisors for Kkr are Goldman Sachs and LionTree

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The financial advisors who will help Tim evaluate Kkr’s offer are Goldman Sachs and LionTree. The committee of independent directors headed by chairman Salvatore Rossi appointed them. Studio Gatti, Pavesi, Bianchi and Ludovici have been chosen as legal advisor, reads a note. The advisors will also support the Board of Directors on “possible strategic alternatives for the best enhancement and / or development of the group and its assets”

The Committee designated by the Board of Directors of Tim in order to carry out all the preliminary preliminary activities for the analysis of the content of the indicative and non-binding expression of interest sent by Kohlberg Kravis Roberts & Co on November 19, proceeded to select the advisors who they will support him in order to allow the Board to fully assess the scope, content, conditions and consequences of the Non-Binding Indicative Event, as well as to accrue and take, in an adequately informed manner, the decisions in relation to the same to the extent of its competence. Goldman Sachs and LionTree were therefore chosen as financial advisors. Studio Gatti, Pavesi, Bianchi and Ludovici were chosen as legal advisor. This was reported by the group in a note.

The advisors will support Tim’s Board of Directors in the analyzes and assessments of the Non-Binding Indicative Event, with reference, among others, to its financial sustainability, its industrial rationale and any uncertainties or implementation risks. They will also support Tim’s Board of Directors, in the analyzes aimed at assessing the impacts on the ownership, employment, managerial and governance structures of the transactions envisaged therein, taking into account the nature of the Group’s business and its assets and any other profile, including of public interest. Since the Board of Directors, on the occasion of the resolution passed on November 26, also reserved the right to evaluate each option in the interest of the Company and all the stakeholders, the advisors will support Tim’s Board of Directors in analyzing also possible strategic alternatives for the best enhancement and / or development of the group and its assets in the interest of the Company, its shareholders and stakeholders. Without prejudice to what has already been made known to the market regarding the nature (non-binding) and the peculiarities of the Kkr event, in the light of the rumors and reactions of the market, the works of the Company and the advisors will be inspired, within the framework of the canons of best practice international, with particular regard to the need for progressive and timely updating of the information relating to the phases and outcomes of the ongoing activity, in close coordination with the competent Authorities.

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