Recent Updates — TIMB

Poste Italiane has completed its voluntary public tender and exchange offer for Telecom Italia, attaining an aggregate interest of approximately 86.952% of the target's share capital, representing 1,857,060,167 ordinary shares. The settlement of consideration for shares tendered during the reopening period occurred on October 2, 2026, following market purchases announced by Poste Italiane on October 1. TIM S.A., a major Brazilian telecommunications operator providing mobile and fixed-line services, is disclosing these results as they relate to its strategic investment in Telecom Italia.

TIM S.A.'s Board of Directors approved the distribution of R$515 million in Interest on Shareholders’ Equity (JSCP), equating to R$0.2166801148 per share, payable by January 22, 2027, with a record date of September 22, 2026. The Board also authorized the cancellation of 13.2 million treasury shares without reducing capital stock and approved a new Master Lease Agreement with SBA Torres Brasil Ltda. to enhance infrastructure efficiency. Additionally, strategic projects were approved subject to regulatory conditions, and the Company’s Integrity Program was updated for compliance purposes. TIM S.A. operates in the telecommunications industry, providing mobile and fixed-line services.

TIM S.A.'s Fiscal Council approved a management proposal to distribute R$515 million in Interest on Shareholders' Equity (IE) at R$0.2166801148 per share. The payment is scheduled for no later than January 22, 2027, with shareholders of record as of September 22, 2026, entitled to receive the distribution subject to a 17.5% withholding tax. Additionally, the Council reviewed measures to manage tax contingencies related to FUST-FUNTTEL levies on interconnection revenues and received an update on whistleblowing channel statistics for the first half of 2026. TIM S.A. operates in the telecommunications industry as a major mobile network operator in Brazil.

TIM S.A. disclosed that Poste Italiane has become the controlling shareholder of Telecom Italia following a voluntary public tender offer, acquiring approximately 66.627% of Telecom Italia's share capital after the initial acceptance period concluded on September 18, 2026. Consequently, Poste Italiane is now the indirect controlling shareholder of TIM S.A., which operates in the telecommunications industry providing mobile and fixed-line services.

TIM S.A.'s Board of Directors approved the cancellation of 13,200,000 treasury shares acquired under its Buyback Program (Program 8), without reducing capital stock. Following this cancellation, the company's total common share count stands at 2,378,925,889. The company will adjust Article 5 of its Bylaws at the next Shareholders' Meeting to reflect these changes. TIM S.A. operates in the telecommunications industry, providing mobile and fixed-line communication services.