Luca Rossetto has agreed with the Company to leave his job as Director of the Consumer Business Unit of Telecom Italia.

The company thanks Rossetto for his professionalism over the years in which he has contributed to develop the commercial sector of Telecom Italia in a phase of strong competition among telecommunication industry operators.

Stefano De Angelis is the new Director of the Consumer Business Unit of Telecom Italia and will formally take over the position from 13 August.

De Angelis has already resigned as CEO of Telecom Argentina and in the past he has already held many roles in the Group both in Italy and abroad.

Luca Rossetto currently owns 1,000 Telecom Italia equity shares.

Stefano De Angelis currently owns 4,760 Telecom Italia equity shares.

Rome, 1 August 2014

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