PRESS RELEASE

TELECOM ITALIA: CLARIFICATION OF ADVISOR'S ROLE IN THE ACCESS NETWORK SPIN-OFF PROJECT To preliminarily acquire technical, economic and financial value elements
Rome, 10 October 2012 Regarding indiscretions in the press surrounding Telecom Italia's selection of one or more financial advisors with reference to the hypothesis to create a new Group entity to supply wholesale domestic fixedline access, the company clarifies that in this preliminary phase such advisory activity is merely intended to acquire technical, economic and financial value elements.

Telecom Italia Press Office
+39 06 3688 2610 http://www.telecomitalia.com/media

Telecom Italia Investor Relations
+39 02 8595 4131 http://www.telecomitalia.com/investorrelations

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