Press release
Rome , 23 July 2026
TIM: FIRST TRANCHE OF THE BUYBACK PROGRAM COMPLETED , 14 MILLION
SHARES TARGET REACHED
Periodic report on the purchase of treasury shares during the period from 20 to 21 July
TIM announces that, with the purchases carried out on 20 and 21 July 2026, the first tranche, amounting to 14 million shares1, of the buyback program for up to a maximum of 70 million shares1 and for a maximum consideration of 400 million euros, as approved by the Shareholders’ Meeting of 15 April 2026, has been completed. The first tranche was launched on 27 May 2026.
In the period between 20 and 21 July 2026, the Company purchased 3,347,826 treasury shares at a volume -weighted average price per share of €7.6980, for a total consideration of €25,771,713.95.
As part of the first tranche, a total of 14,000,000 TIM ordinary shares1 (equal to approximately 0.66% of the share capital) were purchased at a volume -weigh ted average price of €7.7840 per share and for a total consideration of €108,976,286.89.
Based on the information provided by the intermediary appointed to execute the purchases, the table below summarises, in aggregate form and on a daily basis, the purchases of the Company’s ordinary shares carried out by such intermediary on the relevant ma rkets indicated below during the period from 20 to 21 July :
Date Trading
Venue Number of Shares purchased Volume weighted average price (€) Consideration (€)
07/20/2026 MTAA 2,095,715 7.7000 16,137,005.50
07/20/2026 CEUX 651,706 7.6964 5,015,790.06
07/20/2026 AQEU 185,658 7.7020 1,429,937.92
07/20/2026 TQEX 66,821 7.7024 514,682.07
07/21/2026 MTAA 347,926 7.6864 2,674,298.41
Total 3,347,826 7.6980 25,771,713.95
Therefore, as of today, taking into account the treasury shares already held prior to the launch of the share buyback program and the allocation of shares under the long -term incentive plans currently in force, the Company holds 2,465,878 treasury shares, representing approximately 0.12% of the share capital.
Details of the daily transactions carried out on 20 and 21 July are reported in the annex to this press release.
TIM Press Office
timpressoffice@telecomitalia.it
www.gruppotim.it TIM Investor Relations
investor_relations@telecomitalia.it
www.gruppotim.it/investor_relations
1 To be interpreted as post 1 -for-10 reverse split stock carried out on 15 June
Annex to the Press Release
Daily breakdown of purchases of the Company’s ordinary shares carried out from 20 to 21 July 2026.
Date Transaction Time Trading Venue Number of ordinary shares purchased Average Price (EUR) Consideration (EUR)