Tiscali's Board of Directors approves results as of 30 September 2005

Cagliari, 10th November 2005 - The Board of Directors of Tiscali has approved the Group's third quarter results to as of 30 September 2005.

• Solid revenue growth: 3Q05 at EUR 185.7 million, +16% YoY, 9M04 at EUR 539,3 million, +13% YoY
• ADSL subscribers' growth: 160,000 new ADSL customers in the quarter, to 1.48 million users
• Profitability improvement: 3Q05 Gross Operating Result (EBITDA) at EUR 31.7 million (17% of revenues), +25% YoY
• 9M05 Gross Operating Result (EBITDA) at EUR 84.1 million (16% on revenues), +85% YoY

In the third quarter, ADSL new adds were around 160.000, taking total ADSL active users, as of 30 September 2005, to over 1.48 million (+8% vs 30 June 2005). The figure is net of the disposal of around 60,000 ADSL users in The Netherlands to KPN at the end of July 2005). 280.000 users were unbundled.
Dial-up revenues in 3Q05 stood at EUR 48.7 million, compared to EUR 57.7 million in 3Q04. The decrease was mainly due by the migration of dial-up users towards ADSL technology. In particular, we underline the lower weight of dial-up revenues on total access revenues from 48% as of September 2004 to around 41% at the end of September 2005.

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Tiscali Group's financial results and historical figures given for comparison purposes in this press release were prepared in accordance with IAS/IFRS international accounting principles, and are shown on a like-for-like basis for the Group's perimeter, including Italy, UK, Germany, The Netherlands, Czech Republic and TiNet IP.