Telecom Italia S.p.A.: Extract from the Notice of Shareholders' Meeting April 16, 2014 ? Supplemental Agenda

TELECOM ITALIA S.p.A. Registered Office in Milan at Piazza degli Affari no. 2 General Administration and Secondary Office in Rome at Corso d'Italia no. 41 PEC (Certified electronic mail) box: [e-mail] Share capital 10,693,740,302.30 euros fully paid up Tax Code/VAT Registration Number and Milan Business Register Number 00488410010

SHAREHOLDERS' MEETING 16 APRIL 2014 - SUPPLEMENTAL AGENDA
Reference is made to the Meeting of Ordinary Shareholders of Telecom Italia S.p.A. called by notice published on 1 March 2014 for 16 April 2014 at 11.00 a.m. in Rozzano (Milan), Viale Toscana 3. In this regard, in light of the Board of Directors' resolution of 6 March 2014 and the request to integrate the agenda of the meeting received from the shareholder Findim Group S.A. pursuant to art. 126-bis of Legislative Decree n. 58/1998, the meeting will be called to discuss and resolve on the following AGENDA Ordinary session Financial statements as at 31 December 2013 ­ approval of the financial statements documentation ­ related and consequent resolutions Distribution of a privileged dividend to savings shares through utilization of reserves ­ related and consequent resolutions Report on Remuneration ­ resolutions on the first section Appointment of the Board of Directors ­ related and consequent resolutions Appointment of the Chairman of the Board of Directors by the shareholders meeting Supplementary remuneration for the Board of Statutory Auditors ­ related and consequent resolutions Stock options plan ­ related and consequent resolutions Extraordinary session Mandate to increase the share capital to service the stock options plan ­ amendment to art. 5 of the Company's By-Laws ­ related and consequent resolutions Definitive reduction of the revaluation reserve pursuant to Law n. 413/1991 All the information regarding: availability of the proposed resolutions and the documentation regarding the items on the agenda; presentation of the slates of candidates for the renewal of the Board of Directors; presentation of the resolution proposals and/or requests to supplement items on the agenda; exercise of the right to ask questions before the meeting; attendance at the meeting and exercise of voting rights, also by remote voting and by proxy (record date: 7 April 2014) organizational aspects of the meeting is set out in the full call notice and related supplement, the texts of which are published on the Company website www.telecomitalia.com/agm to which reference is made. Milan 13 March 2014