Reti Telematiche Italiane : Shareholders' AGM of Retelit S.p.A.

• Financial statements of Retelit S.p.A. approved and Group consolidated financial statements at December 31, 2016 reviewed;
• Approval of Section I of the Remuneration Report in accordance with Articles 123-ter, paragraph 6, of Legislative Decree 58/1998 and 84-quater of the Issuers' Regulation.

Milan, April 27, 2017 - The Shareholders' AGM of Retelit S.p.A. ("Retelit" or the "Company") today approved the

separate financial statements and reviewed the Group consolidated financial statements at December 31, 2016.

The Retelit Group reports significantly improved results for 2016 and for the first time in its history reported a positive EBIT at Euro 2.2 million (EBIT loss of Euro 0.8 million in 2015). Consolidated Revenues were up 17.8% to Euro 49.6 million, thanks to telecommunication service revenues rising 17% to Euro 39.8 million and network usage rights and maintenance increasing 18% to Euro 8.3 million. EBITDA amounts to Euro 14.6 million, up 32.0% on Euro 11.0 million in 2015, with an EBITDA margin of 29.4% (26.2% in 2015). This growth, ahead of plan objectives, was possible thanks to increased revenues, the improved product mix and optimised infrastructure management. The consolidated net profit was Euro 2.9 million, compared to Euro 0.2 million recalculated on a like-for-like basis following the adoption of Hedge Accounting for derivative instruments (the 2015 net profit was Euro 3.4 million with the calculation of derivatives at fair value). The net cash position was Euro 8.1 million, compared to Euro 11.5 million at December 31, 2015.

Revenues of the parent company Retelit S.p.A. grew 3.1% to Euro 2.3 million (Euro 2.2 million in 2015). EBIT improved, although again reporting a loss of Euro 3.5 million compared to the Euro 3.7 million loss in 2015 (+5.6%). The net loss in 2016 was Euro 4.1 million, compared to a loss of Euro 0.7 million in 2015. The Shareholders' AGM approved the carrying forward of the above loss for the year and the partial coverage of the 2016 losses of Euro

37.2 million through full use of the existing reserves and therefore use of the share premium reserve, amounting to Euro 30.9 million, in addition to the rights option reserve, for the share capital increase of July 31, 2008, not exercised and sold on the market, of Euro 2.6 million.

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The Shareholders' AGM, in accordance with Articles 123-ter, paragraph 6 of Legislative Decree No. 58/1998 and 84-quarter of the Issuers' Regulation, approved the First Section of the "Remuneration Report", which outlines the remuneration policy for senior directors and executives adopted by the Company.

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Finally, a summary of voting reporting the number of shares represented at the Shareholders' AGM and the

number of voting shares, the share capital percentage which these shares represent, in addition to the number

of votes in favour and against the motions considered and the number of abstentions, in addition to the minutes of the Shareholders' AGM in ordinary session, will be made available to the public according the means and timelines established by the applicable regulation.

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Mr. Fabio Bortolotti, as Executive Officer for Financial Reporting, declares, in accordance with paragraph 2 of Article 154-bis of the CFA, that the accounting information contained in this press release corresponds to the underlying accounting documents, records and accounting entries.

Retelit is a major Italian provider of data and infrastructure services to the telecommunications market and has been listed on the Milan Stock Exchange since 2000, joining the STAR segment on September 26, 2016. The company's fiber optic infrastructure at December 31, 2016 covers over 9,800 kilometers (equivalent to approx. 218,000 km of fiber-optic cables, of which 63,000 located in MAN), connecting 9 Urban Networks and 15 Data Centers across Italy. It has over 3,000 On-Net sites, of which 1,868 customer sites, 629 telecommunication towers, 447 cabinets and 39 Data Centers, the Retelit network also extends beyond Italy: thanks to the partnership with BICS it has access to the largest European PoP's, including Frankfurt, London, Amsterdam and Paris. Retelit is member of AAE-1 (Africa-Asia-Europe-1), the submarine cable system connecting Europe to Asia through the Middle East, reaching 19 Countries, from Marseille to Hong Kong, owning a landing station in Bari. These valuable assets make Retelit a perfect technological partner for TLC and ICT operators and businesses, providing on demand a complete range of high-quality, reliable and safe solutions. Services range from ultra-broadband fiber optic internet connection to the Cloud and network and VPN services to colocation solutions, with approx. 10,400 square meters of equipped and secure fiber optic connected spaces, for the outsourcing of Data Center services and the satisfaction of disaster recovery and business continuity needs. Retelit's Carrier Ethernet services are in addition Metro Ethernet Forum (MEF) certified.

Dario Pardi

Tel +39 02 2020451

CDR Communication Vincenza Colucci

Tel + 3356909547

vincenza.colucci@cdr-communication.it

CDR Communication Angelo Brunello

Tel. + 39 329 2117752

angelo.brunello@cdr-communication.it

Key4Media Lucia Casartelli

Mob. +39 346 2191801

media.relations@retelit.it