Tiscali Group announces pro-forma preliminary results for 2006

Cagliari, 15th February 2007  - Tiscali Group announces pro-forma preliminary results for the year ending December 31st 2006, which confirm the financial targets delivered to the market last October 2006:

• 2006 revenues of the Group stood at EUR 678,5 million, up 28% on equal perimeter versus full year 2005.
  
  
• The Gross Operating Result ( EBITDA) of the Group for 2006 outperformed the  business plan targets and stood at EUR 100,1 million, up 44% compared to 2005.
  
  
• As of 31st December 2006, Tiscali Group had around 3,5 million active users, of which 1,9 million were broadband customers (up 50% compared to 2005), in line with the targets of the business plan.
  
  
• Total direct customers (ULL) were five fold the same period, reaching about 584,000 unbundling customers.

New financing
Tiscali Group has signed the credit line agreement granted by Banca Intesa Sanpaolo for EUR 280 million, which will be mostly used to repay the existing Silver Point financing. Drawdown is scheduled by the end of February 2007.

Moreover, Tiscali Group has completed the operation of “sale and lease back” of the building located in Cagliari (“Sa Illetta”), headquarter of the Group. The operation generates net cash for the Group of ca EUR 27 million.

To read more in detail, click on Press Release.pdf