Tiscali’s board of directors has approved the 3Q04 results.

Cagliari, 12th November 2004 - Third quarter 2004 results were substantially ahead of 3Q03, in spite of the seasonality of summer months affecting dial-up minutes and the pace of new ADSL adds. The group is well on track to achieving its full-year target of 1.7 million broadband customers.

During the quarter Tiscali implemented the disposals of subsidiaries in Austria, Norway, Sweden, Switzerland and South Africa, for a total of EUR 81.3 million, as part of the announced disposal plan. This plan comes under the group’s strategy of focusing on markets that offer the best value creation opportunities.

On the basis of the implemented disposal plan and of other actions already taken, Tiscali’s board of directors has confirmed its confidence in the financial sustainability of the business plan which is currently being implemented, aimed at meeting the rapid growth in demand for broadband services throughout Europe.

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