Advising Poste Italiane in the Telecom Italia transaction

Intesa Sanpaolo's IMI Corporate & Investment Banking Division advised Poste Italiane in the acquisition of approx. 9.81% of Telecom Italia ordinary shares held by Cassa Depositi e Prestiti. Poste Italiane's Board of Directors also resolved on the sale of its entire 3.78% stake in Nexi to Cassa Depositi e Prestiti.

The consideration for the purchase of the Telecom Italia shares will be paid:

• partly through the proceeds resulting from the sale of Poste Italiane’s shareholding in Nexi to Cassa Depositi e Prestiti
• partly through available cash

Intesa Sanpaolo has advised Poste Italiane issuing the fairness opinion to the Company's Board of Directors for the simultaneous purchase and sale of TIM and Nexi shares and the related settlement to Cassa Depositi e Prestiti.

Intesa Sanpaolo, led by CEO Carlo Messina, confirms its role as a partner for corporates in their strategic investments and consolidation processes.