TELECOM ITALIA: DOCUMENT REPORTED BY LA REPUBBLICA MERE WORKING PAPER, NO NEW PLAN

08/08/2008 - 09:30 PM

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GROUP TAKES ACTION IN THE COURTS AND WITH CONSOB AGAINST THE DISTRIBUTION OF CONFIDENTIAL DOCUMENTS

With regard to an article published today by daily newspaper La Repubblica, Telecom Italia forcefully denies that the information contained constitutes its 2009-2011 Industrial Plan. It is instead information drawn from normal internal working papers which merely represent an intermediate phase in an ordinary organizational process.

As announced on several occasions, the new Plan will be communicated by the end of 2008, once defined and approved by the relevant bodies.

In relation to what has happened, the Telecom Italia Group has instituted action, both at the legal level and with market regulator Consob, to shed light on the illegal distribution of confidential company documents.

Milan, 8 August 2008