2008 FINANCIAL STATEMENTS APPROVED BY THE BOARD

ITALTEL LAUNCHES NEW BUSINESS PLAN. 2008 FINANCIAL STATEMENTS APPROVED BY THE BOARD

Milan, April 8, 2009

The company is aiming to boost turnover over the three years through the adoption of new business models, the overhaul and extension of its offer, the development of international markets and, in Italy, of public authorities and business customers. 2008 Financial Statements: EBITDA holds up while indebtedness falls.