26 November 2015 at 10:50 (price sensitive)

Turin, 26 November 2015 - With reference to the shareholder's agreement related to Italiaonline S.p.A. ('Italiaonline') and SEAT Pagine Gialle S.p.A. ('SEAT'), executed on 9 September 2015 between Libero Acquisition S.à r.l. ('Libero'), GL Europe Luxembourg S.à r.l. ('Avenue'), GoldenTree Asset Management Lux S.à r.l. ('GT Lux'), GoldenTree SG Partners LP ('GT SG'), GT NM LP ('GT NM') and San Bernardino County Employees' Retirement Association ('San Bernardino' together with GT Lux, GT SG and GT NM, the 'GT Funds') (the 'Shareholders' Agreement'), SEAT announces that on 23 November 2015 Libero, Avenue and the GT Funds entered into an amendment agreement to the Shareholders' Agreement in order to acknowledge the delegation of powers granted by the Board of Directors of SEAT to the Chief Executive Officer and remove, accordingly, any conflicting provision between the Shareholders' Agreement and such delegation of powers.

In addition, SEAT announces that, during the re-opening period of the mandatory public tender offer on all of SEAT ordinary shares launched by Italiaonline, in concert with Libero, Avenue and the GT Funds, were tendered to the offer No. 1,057,902,965 ordinary shares of SEAT, equal to 1.65% of SEAT's ordinary share capital. As a consequence, on 13 November 2015, settlement date of the SEAT's ordinary shares tendered during the re-opening period, were contributed to the Shareholders' Agreement a total of No. 51,558,863,664 ordinary shares of SEAT, equal to 80.23% of the ordinary share capital.

Pursuant to applicable laws and regulations, an extract of the Shareholders' Agreement has been published on SEAT's website at www.seat.it, in the Investor & Governance/Governance section, on the website of Borsa Italiana S.p.A. at www.borsaitaliana.it, as well as on the centralized storage mechanism 'NIS-Storage', authorized by CONSOB with resolution Nr. 19067 dated 19 November 2014, available at www.emarketstorage.com and managed by Bit Market Services S.p.A.

The notice of publication of the extract of the Shareholders' Agreement has also been published on today's editions of Milano Finanza and Il Sole 24 Ore newspapers.

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Communications Seat Pagine Gialle

comunicazione.stampa@seat.it

Investor Relations Seat Pagine Gialle

investor.relations@seat.it

Tel. +39.011.435.2600

Corporate Affairs Seat Pagine Gialle

ufficio.societario@seat.it

Mailander

Carolina Mailander

Tel. +39.011.5527311 - Cell. +39.3356555651

c.mailander@mailander.it

Bruno Caprioli

Tel. +39.011.5527309 - Cell. +39.3355901402

caprioli@mailander.it

This press release is a translation. The Italian version will prevail.

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